San Jose, California (PRWEB) September 26, 2012
Follow us on LinkedIn – Consumption trends for starch in both food and non-food applications are often linked to the level of economic development in a given region. The sheer number of non-food applications served by starch also serves as a key indicator of the health of the economy, where rise in starch usage or consumption per person in non-food or food products, symbolizes the advancement in living standards. Starch end-use applications have grown in number over the years, and now include diverse applications ranging from food & beverages, medicine & pharmaceuticals, paper & glues, ceramics & construction, weaving & textiles, to cosmetics, colors & printing. The food industry ranks as the largest end-use sector, with sweetener applications representing the largest sub-segment worldwide. Having gained a strong foothold in the food industry, starch has now become an integral component for several day-to-day products such as medicines, cosmetics, toothpaste, building material, polish, and paper among others. The market is moving beyond the traditional sources of starch such as maize, potato and wheat, to consider other economical sources of starch such as cassava, and sweet potato for starch production. In the industrialized nations, starches are mostly processed in large-scale factories, while in the developing nations, majority of production is carried out in small and medium sized units or households. The small and medium sized mills prove beneficial in areas where crops are seasonally produced for intermediate processing, while large sized factories are useful in the tropical regions where there is regular crop production.
Although economic development and the rising standard of living have contributed to a significant rise in consumption of starch and related products by non-food sector, the food industry has always remained the traditional sustainer for global starch market. A multitude of promising developments and innovations in biotechnology are also poised to propel the demand from food industry for starch. In addition, usage of starch by food industry is being fueled by the increasing number of government policies stipulating the usage of natural substances in food products. With the increasing demand for low fat and low calorie food, many food companies are replacing fats with gums and carbohydrates such as starches and hydrocolloids. In the non-food sector, starch is used in a wide range of industries, including paper, chemical, textiles, metal and adhesives. Starch is used in the production of dry cell batteries, ink, leather finishing, fireworks, detergents and cleaning products and printed circuit boards.
Growing consumption of liquid starches and modified starches has been one of the key reasons behind the quick recovery of the market post recession. With the global economy gradually improving and resulting in an increased intake of processed and convenience foods, the market for Modified Starch, which finds substantial usage in these food applications is finding increased demand, thereby driving the overall market at a sturdy CAGR of over 7.0% through 2018. Developments in the field of biotechnology, which are expected to bring down production costs and serve consumers demand for healthy food products therefore provide new opportunities for novel modified starches. Liquid Starch products used in syrup form will continue to retain hold over the market, garnering the largest chunk of the starch market. These starch products include ethanol, isoglucose, and other syrup-based products.
As stated by the new market research report on Starch, the United States is the largest supplier of starch in the world, followed by China, which is displaying tremendous activity in the recent years. Although developed markets such as the US and Europe have been traditionally the largest consumers of starch worldwide, the recent growth in the worldwide starch market has been particularly driven by developing markets in Asia-Pacific. China represents the world’s second largest producer of starch, including modified and native starch. Supply of starch in China has exceeded the domestic demand in the last few years. While there has been an increase in the exports of native starch, the imports for the same are gradually decreasing. The Asia-Pacific market, on the back of rapid growth from developing markets of China, India, Thailand, South Korea and Philippines is slated to wax at an eloquent growth rate of 9.0% through 2018. Growth for starch in Asian countries stems from both non-food and food sectors. Growing employment opportunities, and subsequent increase in per-capita income over the last few years, particularly in China and India, have been driving demand in the region.
Major players profiled in the report include Archer-Daniels-Midland Company, AVEBE Group B.A., BENEO-Remy NV, Cargill, Inc., Chemstar Products Company, China Essence Group Ltd., Corn Products International, Inc., National Starch Food Innovation, Grain Processing Corporation, Penford Corporation, PT Budi Acid Jaya, Roquette Frères, SYRAL S.A.S., and Tate and Lyle Plc., among others.
The research report titled “Starch: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the starch markets, industry and product overview, recession trends, competitive scenario, key growth drivers, recent industry activity, product/technology innovations and profiles of major/niche global as well as regional market participants. The report provides annual consumption estimates and projections for starch market for the years 2010 through 2018 for the following geographic markets – US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key product segments analyzed include Dry Starch (Native, Modified, and Other Dry Starches) and Liquid Starch. Also, a six-year (2004-2009) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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