Asia-Pacific Industrial Starch Market
The APAC industrial starch market is expected to grow from US$ 21,098.20 million in 2022 to US$ 31,579.39 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2022 to 2028.
The food & beverages industry has witnessed significant growth for clean label ingredients such as starch. The food & beverages industry extensively uses starch, along with maize, potato, and cassava starch, in various food products as the primary ingredient, such as bakery products, confectioneries, dairy products, fruit drinks, alcoholic beverages, savory snacks, and processed meat products. It is also used as an additive for thickening, preservation, and quality enhancer in baked food products, confectioneries, canned jams, juices, soups, pasta, sauces, and mayonnaise. In these formulations, it serves as a binder, thickener, stabilizer, and gelling agent. There is a strong demand for starch and its derivatives, such as maltodextrins, isoglucose, and polyols, in the food & beverages industry. Thus, the increasing demand for starch in the industry is driving the growth of the industrial starch market in the region.
Vendors in the industrial starch market can attract new customers and expand their footprints in emerging markets by offering products with new features and technologies. This factor is likely to drive the market at a good CAGR during the forecast period.
Strategic insights for the Asia-Pacific Industrial Starch provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 21,098.20 Million |
| Market Size by 2028 | US$ 31,579.39 Million |
| Global CAGR (2022 - 2028) | 7.0% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Flavor
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia-Pacific Industrial Starch refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
APAC Industrial Starch Market Segmentation
The APAC industrial starch market is segmented on the type, source, application, and country. Based on type, the market is segmented into native starch and starch derivatives and sweeteners. The starch derivatives and sweeteners segment dominated the market in 2022 and is expected to register the highest CAGR during forecast period. Based on source, the market is segmented into potato, corn, wheat, cassava, and others. The wheat segment dominated the market in 2022 and corn segment is expected to register the highest CAGR during the forecast period. Based on application, the APAC industrial starch market is segmented into food and beverages, pulp and paper, animal feed, pharmaceuticals, and others. The food and beverages segment dominated the market in 2022, and pulp and paper segment is expected to register the highest CAGR during the forecast period. Based on country, the APAC industrial starch market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC.
ADM; AGRANA Beteiligungs AG; Cargill, Incorporated; Grain Processing Corporation; Ingredion Incorporated; Roquette Frères; Royal Cosun; Tate & Lyle PLC; and Tereos Group are among the leading companies operating in the APAC industrial starch market.
The Asia-Pacific Industrial Starch Market is valued at US$ 21,098.20 Million in 2022, it is projected to reach US$ 31,579.39 Million by 2028.
As per our report Asia-Pacific Industrial Starch Market, the market size is valued at US$ 21,098.20 Million in 2022, projecting it to reach US$ 31,579.39 Million by 2028. This translates to a CAGR of approximately 7.0% during the forecast period.
The Asia-Pacific Industrial Starch Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia-Pacific Industrial Starch Market report:
The Asia-Pacific Industrial Starch Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia-Pacific Industrial Starch Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia-Pacific Industrial Starch Market value chain can benefit from the information contained in a comprehensive market report.
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