North America Industrial Starch Market Size, Share 2024-2032

North America Industrial Starch Market Outlook

The North America industrial starch market size reached approximately USD 24.05 billion in 2023. The market is projected to grow at a CAGR of 6.7% between 2024 and 2032, reaching a value of around USD 43.36 billion by 2032.

Key Trends in the Market

Starch is a carbohydrate that is naturally found in multiple grains and plants, such as wheat, rice, peas, corn, potatoes, and pulses, among others. It is composed of glucose molecules that serve as an important energy storage molecule in plants. The extraction process of starch is carried out through a physical method known as grinding and it can be used to manufacture a wide variety of products. Industrial starch is extensively used in various sectors such as paper and food, among others.

• The North America industrial starch market demand is being propelled by the increasing consumption of processed foods. Industrial starches play a crucial role in enhancing the texture, managing moisture, and stabilising a range of products, including yoghurt, baked goods, and convenient foods. These starches are also valuable tools for manufacturers, assisting them in achieving the desired high quality of their products.

• Rising awareness and demand for natural ingredients is one of the major factors enhancing the North America industrial starch market growth. As consumer preference shifts towards healthier and more natural products, there is a growing demand for clean labelled ingredients. It has pushed manufacturers to opt for natural and recognisable ingredients in their formulations. Industrial starch, derived from natural sources such as corn, wheat, and potatoes, aligns well with this trend, providing market expansion opportunities.

• One of the crucial North America industrial starch market trends is the rising demand for modified starches. Modified starches provide numerous advantages for a variety of food products, including baked goods, snacks, beverages, and nutritional foods. These starches can significantly increase the stability of products against different temperatures and adjust their viscosity.

Market Analysis

Based on source, the market is segmented into corn, wheat, cassava, and potato, among others. The North America industrial starch market segmentation, on the basis of type, includes native and starch derivatives and sweeteners. By form, the market is segmented into dry form and liquid form.

Based on application, the market is divided into corrugation and paper making, pharmaceuticals, textiles, mining and drilling, construction and building, and chemical, among others. The major regional markets for industrial starch in North America are United States of America and Canada.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America industrial starch market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Cargill Incorporated

• Archer Daniels Midland Company

• Ingredion Incorporated

• Tate & Lyle PLC

• Roquette Frères

• Grain Processing Corporation

• AGRANA Beteiligungs-AG

• Tereos S.A.

• Emsland Group

• Others

Market Share by Source

Wheat starch is expected to account for a major portion of the North America industrial starch market share. In the paper sector, wheat starch finds extensive application as an adhesive for surface coating and in crafting corrugated boards. This versatile starch is also employed in processes like cotton finishing and laundry sizing, contributing to achieving superior finishes.

The characteristics of wheat starch, including paste texture, strength, and transparency, closely resemble those of corn starch. However, wheat starch exhibits a slightly less thickening capability when compared to corn starch.

Market Share by Type

According to the North America industrial starch market analysis, native starches are likely to show robust growth owing to their wide use in different products. They are widely incorporated into the formulation of various products, spanning from foods to pharmaceuticals and other industrial goods. These native starch properties can be altered to match different purposes through treatments involving acid and other chemicals at specific temperatures.

Competitive Landscape

Cargill Incorporated is a global food and beverage manufacturing company based in America. It is one of the oldest companies in the world, operating since 1865, and it has developed its expertise in risk management, commodity trading, and the production of food ingredients. The products developed by the company are distributed across multiple sectors, including food and beverage, pharmaceutical, personal care, and bio-industrial.

Archer Daniels Midland Company is an American company specialising in human and animal nutrition. The company is focused on innovation to bring plant-based products and industrial solutions in order to replace petroleum-based products. The company’s products are utilised in various sectors, including food, beverages, nutrition, animal nutrition, health and wellness, and food science, among others.

Ingredion Incorporated, operating since 1906, is a leading ingredient solution company based in Illinois, the United States. The company provides a wide variety of products such as sweeteners, starches, nutrition ingredients and biomaterials, that are utilised by their customers in numerous products. Ingredion has a significant presence worldwide and serves customers in over 120 countries.

Other North America industrial starch market players include Tate & Lyle PLC, Roquette Frères, Grain Processing Corporation, AGRANA Beteiligungs-AG, Tereos S.A., and Emsland Group, among others.

Key Highlights of the Report