Starch is produced from corn, tapioca, wheat, potato and etc and is widely used in food and beverage industry.
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Starch industry suffering from availability issuesMarch 28, 2023
Ingredion develops next generation tapioca waxy starchJanuary 02, 2023
Starch price witness a decline globallyJanuary 02, 2023
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Starch Industry Benchmarks
The average annual savings achieved in Starch category is 5.70%
The industry average payment terms in Starch category for the current quarter is 120.0 days
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Starch market frequently asked questions
As per Beroe's analysis, the total size of the starch market is ~85 MMT.
The three major sub-categories of starch are corn-starch, tapioca-starch, and wheat-starch. The share of each sub-category is 72.8 percent, 8.2 percent, and 5.6 percent respectively.
The total starch production ~85 MMT is sub-divided into three parts wherein 53 percent goes into sweeteners, 36 percent goes into native starches, and 11 percent goes into modified starches.
According to Beroe's insights, the leading suppliers for each starch type are as follows: Corn-starch: ADM, Cargill Tapioca-starch: Siam Quality starch, General starch Wheat-starch: ADM, Roquette Freres
As per Beroe's report, the starch market share by region is categorized into three parts: North America ' 40 percent Europe ' 21.5 percent Asia Pacific ' 30 percent
For the food industry/pharmaceutical, the ideal contract length is 1-3 months, while for food and ethanol it's 3-6 months.
Starch market report transcript
Global Starch Market Outlook
Global STARCH MARKET (2022)
Global Starch Production: Approx. 120 MMT
The global supply of starch has been rising at a CAGR of 5.73 percent between 2022 and 2030. About 80 MMT of corn starch and 8.8 MMT of tapioca starch were produced globally in 2022. Demand for starch mainly comes from Germany and France in Europe and Indonesia, Malaysia in the Asian region. Both corn and tapioca starch are predominantly used in the F&B industry, paper and animal feed industry.
Starch Market Share by Region (2022)
North America is the largest market followed by Asia Pacific, the industry is expected to grow tremendously on account of the expansion of production facilities in the emerging economies such as India and China, coupled with increasing demand for the food, paper, and textile sectors
The robust manufacturing base of the food processing and paper industry coupled with the growing demand in Germany is expected to augment demand in Europe over the forecast period
High demand for modified starch-based products from the convenience and packaged food sector would propel the growth of starches, thereby resulting in the improvement of margins of the food processing industry over the past couple of years
The textile sector in China, Malaysia, and India increases the growing domestic consumption coupled with favorable regulations attract investments and strengthen the market
Corn Starch Supply-Demand Analysis
The global corn starch market size was $21.13 billion in 2020 and is projected to reach $33.27 billion by the end of 2027, exhibiting a CAGR of 6.7 percent in the forecast period. More than 80 percent of the global corn starch is concentrated in the US and China, in which, the US is the world's largest producer of corn starch and also maintains low prices.
Corn starch, used as a thickener or binder, constitutes a minimal percentage of the total corn starch application. Major application of corn starch in the food sector covers a broad spectrum of dairy, confectionery, bakery, meat products, etc.
US and China are the major producers of corn starch, holding about 30 percent and 28 percent of the global share respectively. US-based global companies, utilize corn starch to manufacture sorbitol. Therefore, the key regions to focus are the U.S., China, as well as major producing countries in the EU, and parts of Asia, other than China
The Chinese government’s strict COVID-19 mobility restrictions may cause disruptions to spring-planted grain production and increase corn imports though the country’s abundant grain reserves will keep national food security largely intact. This may disrupt the transportation of planting inputs and farmers’ mobility, reducing the production of spring-planted grains
There is a likelihood of limited availability of corn for downstream industries, owing to reports on 250,000 to 400,000 tons of Brazilian corn being kept in reserve instead of being distributed domestically
Global Demand by Application –Corn Starch
Based on the product type, the global corn starch market is segmented into modified starch, native starch, and sweeteners
Of these, sweeteners are leading the global market with a mammoth share of over 50 percent in the overall market
The burgeoning demand for High Fructose Corn Syrups (HFCS) in a range of food and beverages is anticipated to be pivotal to the rising demand for corn starch-based sweeteners in the near future
China is very significant, with respect to the corn starch market
Therefore, the key regions to focus on for the suppliers are the US, China, as well as major producing countries in the EU, and parts of Asia, other than China
The most dominant region among these is North America, both in terms value and volume
The Asia Pacific corn starch market is expected to expand at the highest CAGR of 6.4 percent over the forecasting horizon
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