Industrial Starches Market Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

 

Industrial Starches Market
Industrial Starches Market

Europe is expected to dominate the global industrial starches market over the forecast period, owing to the region's high starch production. According to the European Starch Industry Association, total starch production in Europe in 2020, including wheat, maize, and potatoes, will be 11.5 million metric tonnes, up from 10.7 million metric tonnes in 2018. The trade association is the European Starch Industry Association, whose membership includes 28 EU starch producing companies, representing more than 95% of the EU starch industry.

The expansion of the food and beverage sector is most likely a significant factor driving up demand for Industrial Starches Market. Starch is used to make frozen, packaged, and ready-to-eat foods. The rapid rise in demand for such food products, particularly in developing countries, is expected to boost market growth.

Increased investment in starch production by key players to meet rising demand is propelling the industrial starches market forward. Cargill, for example, invested EUR 20 million in its starch production plant in Sas Van Gent, the Netherlands, in February 2019, expanding instant starch capacity. The investment helped to meet rising consumer demand for convenience foods.

Growing demand from the bio-plastics industry is propelling market growth once again. Starch-based films, when combined with PLA films as an outer layer, are used in a variety of food packaging applications. For example, Mars Incorporated replaces BOPP (Biaxially oriented Polypropylene) in its candy packaging with a new compound derived from potato cutting waste.

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