The Global Food Starch Market to Reach USD33.88bn by 2028

The global food starch market size reached USD24.64bn in 2022. According to ResearchAndMarkets.com, the market is set to reach USD33.88bn by 2028, exhibiting a growth rate (CAGR) of 5.22% during 2023-2028.

North America stands as the dominant player in the food starch market, bolstered by a surge in demand for processed foods, rising health awareness, and breakthroughs in food processing technology.

Food starch, sourced naturally from plants like corn, wheat, and potatoes, has cemented its role in the food industry. Its multifunctional properties as a thickener, stabilizer, and binding agent cater to the escalating demand for ready-to-eat meals, snacks, and bakery items. Coupled with the swift adoption of processed and convenience foods, food starch’s versatility only underscores its significance.

The modern consumer is informed and health-conscious. This shift towards healthier dietary choices has propelled the market for functional ingredients like food starch. Moreover, the clamor for clean-label, naturally-derived ingredients echoes the sentiment of consumers keen on minimal processing in their food. Consequently, food starch, with its natural origins, is primed to meet this demand.

Another pivotal market trend is the growing preference for gluten-free products, say the research company. Food starch emerges as a prime substitute for gluten, offering manufacturers a robust ingredient solution for gluten-free foods.

Delving deeper, the report furnishes insights into the competitive landscape of the global food starch market. From market structure to key players’ market share, and from top strategic moves to detailed company profiles, the report is a comprehensive guide for stakeholders seeking clarity on the present and future of the food starch industry.