The Latest Starch Industry Statistics Explained
The global starch industry is projected to grow at a compound annual growth rate (CAGR) of about 4.74% between 2021-2025.
The statistic indicates that the global starch industry is predicted to experience steady growth over the period from 2021 to 2025, with a compound annual growth rate (CAGR) of approximately 4.74%. This growth rate suggests that the industry is expected to expand at a consistent pace during this time frame. Factors such as increasing demand for starch-based products in various industries, technological advancements in starch production processes, and shifting consumer preferences towards natural and clean label ingredients may be contributing to this projected growth. The CAGR provides a standardized measure to assess the industry’s performance over the specified period, indicating a positive outlook for the global starch market in the coming years.
The starch industry was worth over $50 billion in 2017.
The statistic ‘The starch industry was worth over $50 billion in 2017’ indicates the total economic value of the starch industry within that specific year. This figure reflects the combined revenues and economic activity generated by various sectors of the starch industry, including production, manufacture, and sales of starch-based products. A valuation of over $50 billion suggests that the starch industry held a significant position in the global economy, contributing substantially to overall economic output and employment opportunities. This statistic underscores the importance and scale of the starch industry’s impact on both domestic and international markets, highlighting its role as a key player in the food and industrial sectors.
The modified starch segment is expected to experience the highest growth rate, with a projected CAGR of 6.4% from 2019 to 2025.
The statistic denotes that within the starch market, the modified starch segment is forecasted to exhibit the fastest growth rate over the period from 2019 to 2025, signified by a projected Compound Annual Growth Rate (CAGR) of 6.4%. This indicates that the demand and market share for modified starch products, which undergo physical or chemical alterations to enhance their functionalities in various industries such as food, pharmaceuticals, and textiles, are expected to significantly increase during this timeframe. Factors driving this growth may include changing consumer preferences, technological advancements in manufacturing processes, and an expanding application scope for modified starches across different sectors. Overall, this projection illustrates a promising outlook for the modified starch industry in the coming years.
Starch obtained from corn is the most commonly used starch in the United States, accounting for over 90% of total usage.
The statistic indicates that starch obtained from corn is the predominant type of starch utilized in the United States, comprising more than 90% of the total starch usage in the country. This suggests that corn starch is highly popular and widely consumed across various industries and applications such as food production, industrial processes, pharmaceuticals, and textiles. The predominance of corn starch in the U.S. market signifies its economic significance and versatility as a key ingredient and raw material. The high market share of corn starch also implies that it is likely preferred over other types of starches due to factors such as availability, cost-effectiveness, functionality, and performance in diverse applications.
China is the largest global producer of starch, followed by the United States and European Union.
The statistic indicates that China holds the position of the top global producer of starch, with both the United States and the European Union following closely behind. This information highlights the significant contribution of China to the global starch production industry, underscoring its dominance in the market. The United States and the European Union are also substantial players in starch production, positioning them as key contributors to meeting the worldwide demand for this essential commodity. Overall, this statistic sheds light on the distribution of starch production among these major global players and emphasizes China’s leading role in this sector.
Asia Pacific is the fastest-growing region in the starch industry, with a CAGR of 6% predicted between 2019 and 2025.
This statistic indicates that the Asia Pacific region is experiencing rapid growth in the starch industry, with a projected Compound Annual Growth Rate (CAGR) of 6% from 2019 to 2025. This suggests that the demand for starch-based products in countries within the Asia Pacific region is increasing at a substantial and consistent rate over the specified period. Factors contributing to this growth may include rising populations, changing dietary preferences, and expanding industrial applications of starch within the region. Businesses operating in the starch industry should take note of this trend in order to capitalize on the opportunities presented by the growing market in Asia Pacific.
The cassava starch market size was around $4 billion in 2019.
The statistic “The cassava starch market size was around $4 billion in 2019” indicates the total value of global sales for cassava starch products within that particular year. This figure represents the monetary worth of all transactions related to cassava starch, including both domestic and international sales. Market size is a key indicator of the significance and economic impact of a specific industry or product category within a given period. The $4 billion valuation suggests that cassava starch is a substantial market with demand and economic activity significant enough to generate billions of dollars in revenue worldwide.
In 2018, North America accounted for 17% of the global starch market.
In 2018, North America represented 17% of the total global starch market, indicating that the region held a relatively significant share of the industry. This statistic suggests that North America played a substantial role in the production, consumption, and trade of starch products compared to other regions worldwide. The market share highlights the importance of North America as a key player in the global starch industry, influencing pricing trends, supply chains, and overall market dynamics. Understanding regional contributions like this can provide valuable insights into market trends, competition, and opportunities for growth within the starch sector.
Europe’s starch industry provides direct employment to approximately 15,600 people.
The statistic that Europe’s starch industry provides direct employment to approximately 15,600 people indicates the number of individuals directly employed within the starch industry across European countries. These employees are likely involved in various aspects of the industry, such as production, research and development, quality control, and administration. This statistic sheds light on the importance of the starch industry as a significant employer in Europe, supporting livelihoods and contributing to the regional economy through job creation and income generation. Additionally, it highlights the sector’s role in providing opportunities for individuals with diverse skill sets and expertise, thereby playing a crucial role in the labor market of the region.
The European Union produced over 11 million tonnes of starch in 2019.
The statistic that the European Union produced over 11 million tonnes of starch in 2019 indicates a significant level of starch production within the region during that year. Starch is a carbohydrate that is commonly derived from sources such as corn, potatoes, and wheat, and is widely used in various industries including food, pharmaceuticals, and textiles. The sheer volume of starch production in the EU suggests a robust agricultural sector and potentially high demand for starch-based products both domestically and for export. Additionally, this statistic could also reflect the EU’s role as a major player in the global starch market, contributing to its economic significance and influence within the industry.
The potato starch market is expected to register a CAGR of 4.75% over the forecast period 2020-2025.
The statement indicates that the potato starch market is projected to experience a Compound Annual Growth Rate (CAGR) of 4.75% between the years 2020 and 2025. This means that on average, the market is expected to grow at a rate of 4.75% annually during this period. The CAGR provides a smooth representation of the growth trend over a specified time frame, offering a single growth rate that can be used for comparison purposes. In this case, it suggests that the demand for potato starch is anticipated to increase steadily over the next five years, reflecting potential opportunities and market expansion in the industry.
Latin America’s starch market is anticipated to grow at a CAGR of 4.3% during the period of 2020-2026.
This statistic indicates that the starch market in Latin America is projected to experience a compound annual growth rate (CAGR) of 4.3% over the period from 2020 to 2026. This suggests that the demand for starchy products in the region is expected to steadily increase at an average annual rate of 4.3% throughout these six years. The CAGR provides a measure of the smooth annual growth rate of the market, highlighting a sustainable and incremental expansion rather than erratic or volatile changes. This forecast can help businesses, investors, and policymakers understand the potential growth opportunities and trends in the Latin American starch market over the specified timeframe.
High-amylose maize is predicted to be the fastest-growing segment in the starch derivatives industry, with a CAGR of more than 6% from 2020 to 2026.
The statistic indicates that the segment of high-amylose maize in the starch derivatives industry is expected to experience significant growth over the period from 2020 to 2026, with a Compound Annual Growth Rate (CAGR) exceeding 6%. This suggests that there is a strong demand and market potential for products derived from high-amylose maize, which may be driven by factors such as changing consumer preferences towards healthier and functional food ingredients. The high CAGR implies that the segment is likely to outperform other segments within the starch derivatives industry during this period, making it an attractive area for investment and strategic focus for businesses operating in this market.
Industrial applications for starch are expected to increase at a CAGR of 5.1% from 2017 to 2022.
This statistic indicates that the industrial applications of starch are projected to grow at a Compound Annual Growth Rate (CAGR) of 5.1% over the five-year period from 2017 to 2022. This means that the use of starch in various industries such as food processing, pharmaceuticals, textiles, and adhesive manufacturing is expected to steadily increase at an average rate of 5.1% per year during this period. The CAGR provides a smooth and consistent representation of the growth trend over time, allowing analysts and industry stakeholders to forecast and plan for the expected expansion of starch utilization in industrial settings.
Roughly 90% of India’s starch output is supplied domestically, while the remaining 10% is exported.
The statistic indicates that the vast majority, approximately 90%, of India’s starch production is utilized within the country itself to meet its domestic demand. This suggests that India has a significant reliance on its own starch resources to cater to various sectors such as food, pharmaceuticals, and industrial applications. The remaining 10% of the starch output is exported, highlighting India’s participation in the global market for starch products. This distribution of starch output signifies a balanced approach by the Indian starch industry to meet both local needs and take advantage of international trade opportunities.
The global cold water soluble starch market is predicted to reach over $200 million by 2027.
This statistic suggests that the global cold water soluble starch market is expected to experience significant growth over the next few years, with projections indicating a value of over $200 million by the year 2027. This prediction points towards a rising demand for cold water soluble starch products in various industries such as food and beverage, pharmaceuticals, and cosmetics. Factors driving this growth may include increasing consumer awareness of the benefits of cold water soluble starch, technological advancements in manufacturing processes, and expanding applications of these products. As a result, businesses operating in the cold water soluble starch sector may have opportunities for market expansion and profitability in the coming years.
The sweeteners derived from starch account for about 50% of the EU’s market.
The statistic stating that sweeteners derived from starch account for about 50% of the EU’s market suggests that these particular types of sweeteners are highly prevalent and widely used within the European Union. Starch-derived sweeteners, such as glucose syrup and maltodextrin, are common ingredients in a variety of food and beverage products, ranging from confectionery and baked goods to soft drinks and dairy products. This statistic indicates that these sweeteners are significant players in the overall sweetener market within the EU, likely due to factors such as their affordability, versatility, and ability to mimic the taste and functionality of sugar in various applications.
References
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