The Latest Industrial Starch Industry Statistics Explained
The global industrial starch market is projected to reach $106.64 billion by 2026, from $84.02 billion in 2021, at a CAGR of 4.9% during the forecast period.
The statistic indicates that the global industrial starch market is expected to experience significant growth over the forecast period, with a projected increase from $84.02 billion in 2021 to $106.64 billion by 2026, representing a compound annual growth rate (CAGR) of 4.9%. This suggests a steady and sustained growth trajectory for the industrial starch market, driven by factors such as increasing demand for processed foods, growth in the pharmaceutical and cosmetics industries, and the widespread application of starch in various industrial processes. The CAGR of 4.9% reflects the average annual growth rate of the market during this period, highlighting the positive momentum and opportunities for investment and expansion within the industrial starch sector.
In 2020, the U.S contributed to 63% of total corn starch production globally.
The statistic suggests that in 2020, the United States played a significant role in the global corn starch production, accounting for a majority share of 63%. This indicates that the U.S was the leading producer of corn starch on a global scale during that year. The high contribution from the U.S highlights its strong presence in the corn starch industry and emphasizes its importance as a key player in the market. This statistic underscores the country’s substantial impact on the overall production and supply of corn starch worldwide, showcasing its dominance and influence in the industry.
Asia Pacific is the leading market for industrial starch, with 37% market share in 2019.
The statistic indicates that in the year 2019, the Asia Pacific region held a significant share of the global market for industrial starch, accounting for 37% of the total market. This suggests that Asia Pacific is the primary market for industrial starch products compared to other regions. The high market share highlights the region’s strong demand for industrial starch, likely driven by factors such as the presence of large manufacturing industries, increasing population and consumption, and growing industrialization. Companies operating in the industrial starch industry may find the Asia Pacific region to be a key area for business opportunities and growth due to its substantial market share.
Philippines is the largest exporter of industrial starch, with a 17.3% share of the global export market in 2018.
The statistic that the Philippines is the largest exporter of industrial starch with a 17.3% share of the global export market in 2018 indicates that the Philippines played a significant role in the global trade of industrial starch during that year. This data suggests that the Philippines accounted for a substantial portion of the total industrial starch exports worldwide, highlighting its competitiveness and strength in this particular market. The country’s position as the leading exporter implies that it has a strong presence in the industry, possibly due to factors such as production capacity, quality of starch products, competitive pricing, or favorable trading agreements. This statistic underscores the Philippines’ importance in the global industrial starch market and showcases its potential for continued success and growth in this sector.
In 2021, the Modified Starch segment held the largest market share of 40% in the industrial starch market.
The statistic indicates that in the year 2021, the segment of Modified Starch dominated the industrial starch market by holding the largest market share of 40%. This suggests that out of all types of starch used in industrial applications, such as food production, pharmaceuticals, and paper manufacturing, modified starch was the most commonly utilized. Given its significant market share, it implies that modified starch likely offers unique properties or advantages that make it preferable over other types of starch for various industrial purposes. This information can be valuable for businesses operating in the industrial starch market to understand market trends, make informed decisions on product development and marketing strategies, and stay competitive in the industry.
The food application industry dominates the market, holding 60% of the total industrial starch market share in 2020.
The statistic indicates that the food application industry had a significant presence in the industrial starch market in 2020, capturing a substantial 60% share of the total market. This dominance suggests that the food application industry was a key player in the utilization of industrial starch for various food products and processing purposes. The statistic underscores the importance of the food sector within the industrial starch market, highlighting its influence and market power compared to other industries that also rely on industrial starch for varied applications.
The use of bio-based starch in the packaging industry was valued at $1.92 Billion in 2019.
The statistic indicates that the market for bio-based starch in the packaging industry reached a value of $1.92 billion in 2019. This value represents the total amount of money generated from the production, sale, and use of bio-based starch as a material for packaging purposes during that year. The increase in the demand for bio-based starch can be attributed to the growing awareness and preference for sustainable and eco-friendly packaging solutions. The significant market value reflects the potential and importance of bio-based starch as a viable alternative to traditional packaging materials, signaling a shift towards more environmentally friendly practices within the packaging industry.
The largest importing country of industrial starch in 2018 was the United States, with imports valued at $220 million.
In 2018, the United States held the distinction of being the largest importing country of industrial starch, importing a total of $220 million worth of this commodity. This statistic indicates the significant demand for industrial starch within the United States, likely driven by various industries such as food processing, pharmaceuticals, paper manufacturing, and other sectors that utilize starch as a key ingredient or component in their production processes. The high import value suggests that domestic production may not be sufficient to meet the demand, leading to reliance on international sources to fulfill the country’s starch requirements. This data provides valuable insights into the dynamics of the industrial starch market and the role of the United States as a major consumer and importer of this essential industrial ingredient.
In 2020, the European industrial starch market was estimated to be around $18.48 billion.
The statistic provided states that the European industrial starch market had an estimated value of $18.48 billion in the year 2020. This figure represents the total market size for industrial starch products within the European region during that specific year. Industrial starch is a key ingredient used in various industries such as food and beverage, pharmaceuticals, textiles, and paper production. The market size of $18.48 billion indicates the total monetary value of all industrial starch products sold and consumed within the European market in 2020. This statistic gives insight into the economic significance and scale of the industrial starch industry in Europe during that particular year.
In India, industrial starch production is forecast to grow at a CAGR of around 10% during 2021-2026.
The statistic states that industrial starch production in India is expected to experience a Compound Annual Growth Rate (CAGR) of approximately 10% from 2021 to 2026. This means that the production volume of industrial starch is projected to increase by an average of 10% per year over the specified period. This forecast suggests a positive trend in the industrial starch sector in India, indicating potential market expansion, increased demand, and growth opportunities for industrial starch manufacturers and suppliers. Companies operating in this industry may benefit from this projected growth by strategizing and investing in ways to capitalize on the anticipated increase in demand for industrial starch products in the Indian market.
The paper industry accounted for about 25% of the demand in the global industrial starch market in 2020.
This statistic indicates that the paper industry was a significant consumer of industrial starch in the global market during the year 2020, accounting for approximately 25% of the total demand. Industrial starch is commonly used in the paper industry for various applications such as in the production of paper coatings, adhesives, and sizing agents. The high demand for starch in the paper industry suggests that it plays a crucial role in the manufacturing processes within this sector. The significance of the paper industry’s consumption of industrial starch highlights its importance as a key market segment for starch producers and underscores the industry’s reliance on starch as a vital raw material.
The pharmaceutical sector holds a 10% share of the industrial starch market.
The statistic stating that the pharmaceutical sector holds a 10% share of the industrial starch market indicates the proportion of the total market controlled by pharmaceutical companies in terms of starch usage. This suggests that pharmaceutical companies are significant players within the industrial starch market, with their demand accounting for a notable chunk of the overall market. This information can be valuable for stakeholders in the pharmaceutical industry, starch producers, and policymakers to understand the dynamics of the market, competition among different sectors, and potential areas of collaboration or growth opportunities. Additionally, it can help inform decision-making processes related to production levels, pricing strategies, and resource allocation within both the pharmaceutical and starch industries.
The annual production of corn starch, a key component of industrial starch, in China is around 20 million metric tons.
The statistic indicates that China produces approximately 20 million metric tons of corn starch on an annual basis, highlighting the country’s significant role in the global industrial starch market. Corn starch is a crucial component used in various industries such as food processing, manufacturing, and pharmaceuticals. The substantial production volume suggests a strong demand for corn starch both domestically and internationally, reflecting China’s position as a key player in the global supply chain for this essential ingredient. This statistic is important for market analysts, policymakers, and industry stakeholders to understand the scale and impact of China’s corn starch production on the global economy and trade dynamics.
In 2019, potato starch was the second largest segment in the industrial starch market with a share of about 30%.
The statistic indicates that in the industrial starch market in 2019, potato starch accounted for approximately 30% of the total market share, positioning it as the second largest segment within this industry. This suggests that potato starch played a significant role in the market, trailing behind the top segment by percentage share. The prominence of potato starch in this context could be attributed to various factors such as its functional properties, cost-effectiveness, and growing demand in industries like food processing, pharmaceuticals, and textiles. This statistic highlights the significance of potato starch as a key player in the industrial starch market landscape during the specified period.
By 2026, the global market for starch derivatives is expected to reach $77.4 billion.
The statistic “By 2026, the global market for starch derivatives is expected to reach $77.4 billion” forecasts a significant growth in the market value of starch derivatives by the year 2026. This projection indicates a substantial increase in demand for starch derivatives across various industries such as food and beverages, pharmaceuticals, paper and textile, and others. Factors contributing to this growth may include the rising consumption of processed and convenience foods, technological advancements in production processes, and the increasing application of starch derivatives in various products. This statistic highlights the potential opportunities for businesses operating in the starch derivatives industry to capitalize on this growth trend and adapt their strategies to meet the expanding market demands.
In 2020, the industrial starch market in Latin America was valued at approximately $3.5 billion.
The statistic indicates that in the year 2020, the industrial starch market in Latin America was assessed to have a total value of around $3.5 billion. This figure reflects the economic significance and size of the industrial starch industry within the Latin American region during that particular year. Factors contributing to this market valuation may include the demand for industrial starch across various sectors such as food processing, textiles, pharmaceuticals, and other manufacturing industries. The statistic also suggests that the market for industrial starch in Latin America was substantial and likely played a crucial role in the region’s overall economy and trade activities in 2020.
The bio-ethanol application is the fastest-growing segment in the industrial starch industry with a growth rate of 5.8%.
The statistic indicates that within the industrial starch industry, the bio-ethanol application is experiencing the most rapid growth compared to other segments. Specifically, the segment’s growth rate is reported at 5.8%, signifying a substantial increase in demand and utilization of bio-ethanol for various industrial purposes. This trend suggests that bio-ethanol is becoming increasingly popular as a sustainable and renewable alternative to traditional sources of energy or raw materials within the industrial starch industry. The high growth rate of 5.8% underscores the growing importance and adoption of bio-ethanol as a key component in the industry’s evolution and future development.
The global industrial starch market from the textile industry is expected to grow at a CAGR of 5.4% from 2020 to 2025.
This statistic indicates that the global industrial starch market, specifically within the textile industry, is forecasted to experience a Compound Annual Growth Rate (CAGR) of 5.4% over the period spanning from 2020 to 2025. This suggests that the demand for industrial starch in the textile sector is projected to steadily increase at an average annual rate of 5.4% during the specified five-year period. Such growth may be driven by factors such as expanding textile production, technological advancements in starch-based products, and evolving consumer preferences for starch-derived materials within the industry. This statistic serves as an important indicator for stakeholders within the textile and starch industries to understand and anticipate the market trends and potential opportunities for growth in the coming years.
Conclusion
Based on the analysis of industrial starch industry statistics, it is evident that the sector is experiencing significant growth and is projected to continue expanding in the coming years. The data highlights the increasing demand for industrial starch products across various industries and regions, indicating a positive outlook for businesses operating in this market. By staying informed about the latest trends and developments in the industry, companies can capitalize on opportunities for growth and success.
References
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