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Market Analysis
The Global Native Starches Market is predicted to have an impressive growth at a favorable 3.02% CAGR over the forecast period (2016-2022). Native starch simply put, is a carbohydrate ingredient that is obtained from tubers and cereals through drying of starch milk, purification and physical extraction. Owing to its easy accessibility and low cost, native starch is widely used in different non-food applications that offers immense growth opportunities for the market. Providing multiple perks to the food industry, it is applied to improve product performance in an array of applications. Native starches act as thickeners and texturizers in baked, sauces or dairy products. Besides it also serves as a stabilizer of emulsion system mainly as fillings, molding and dusting agents in confectionaries. Also, native starches having low moisture are utilized as an anti-caking agent in case of powdered blends mostly instant soups. Native starches are utilized in various food products for enhancing the texture, controlling the moisture, stabilizing, dough binding agent, thickening agent and others. It finds application in numerous industries including paper industry, textile industry, pet food industry, pharmaceutical industry, cosmetics industry and food industry. In the pharmaceutical industry, native starch powder is used for formulation of tablets.
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There are abundant factors that is propelling the growth of the native starches market. These factors as per the MRFR (Market Research Future) report include increasing use in the cosmetics industry, food industry and other industries, demand for its pure form in organic products and increasing demand for native starch as stabilizer, thickening agent, binder and emulsifier and technological development in starch extraction from various sources. On the contrary, the availability of modified starch, which is a competitor to native starch may hamper the growth of the native starches market over the forecast period.
Key Players
Leading players profiled in the native starches market include Roquette Frères (France), Grain Processing Corporation (U.S.), Agrana Beteiligungs-AG (Austria), Tate & Lyle PLC (U.K.), Ingredion Incorporated (U.S.), ArcheCargill, Incorporated (U.S.), and others.
Market Segmentation
MRFR report offers a broad segmental analysis of the Native Starches Market based on source, form and application.
Based on source, the native starches market is segmented into potato, cassava, wheat, corn and other sources.
Based on form, the native starches market is segmented into gel, powder and others. Of these, the powder segment will have the largest share in the market over the forecast period. The factors that contribute to the growth of this segment include it can be mixed easily with every form of mixture, longer shelf life and convenience in storage and transportation.
Based on application, the native starches market is segmented into food application, non-food application and others. Food application includes beverages, processed food, confectionery and others. The non-food application segment includes textiles, pharmaceuticals, personal care, papermaking and corrugation and others include animal feed, chemicals, adhesives, construction and building and mining and drilling.
Industry Updates
March 2019- Ingredion Incorporated has acquired Western Polymer, a privately-held company based in Moses Lake. The latter produces modified and native potato starches for industrial and food applications as well as, sells modified tapioca starch for various industrial applications. This acquisition will boost the potato starch manufacturing capability of the company, improve processing capabilities along with broadening both its customer base and specialty ingredients business.
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Regional Analysis
By region, the native starches market covers growth opportunities and latest trends across North America, Europe, China and Asia Pacific. Of these, Asia Pacific will reign the market over the forecast period followed by North America. In the European region, the native starches market is expected to expand at the fastest pace owing to growing need for organic and natural food additive. Owing to the low production costs, cheap raw materials and minimum stringent environment regulations, the market in the APAC region happens to be in a better position for producing starch at competitive costs compared to developed countries in the North American and European region.
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Release ID: 501317
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