Thinned Starch Market by Form, Source, Application, End Use & Region | Forecast 2023 to 2033
The primary driver fueling the growth of the Thinned Starch market is the various end use applications it has. Explore more Growth Trends with FMI Team!
The global Thinned Starch market is expected to reach a market valuation of US$ 970 million by 2023, recording a CAGR of 7% from 2023 to 2033.
Thinned starch is a type of acid-modified starch created by partially depolymerizing starch after being exposed to an acid or oxidant, which lowers the starch's amylase level. Since it becomes less viscous when heated, thinning starch is also known as fluidity starch. A Granular starch, acid, and a stabilizing agent react to create the thinned starch as a byproduct. Low thermal viscosity, the capacity to dissolve in cold water, and a high adhesive and binding force are all characteristics of thixotropic starches. In the coating formula used on paper and paperboard, the thinned starch acts as a binder. Natural starches have weaker intermolecular bonds than modified thinned starches, which allows them to gelatinize more rapidly and create high-viscosity starch.
Attributes
Details
Thinned Starch Market Size (2023E)
US$ 970 million
Thinned Starch Market Projected Size (2033F)
US$ 1771 million
Value CAGR (2023 to 2033)
6.2%
Top 3 Countries Marketing Share
67.3%
In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Thinned Starch.
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How Has the Market Progressed So Far in 2022?
Market Statistics
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Jan-Jun (H1), 2022 Outlook (O)
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Jul-Dec (H2), 2022 Projected (P)
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Jul-Dec (H2), 2022 Outlook (O)
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Jan-Jun (H1), 2023 Projected (P)
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Historic v/s Future Outlook Comparison for Thinned Starch?
The rise in the use of thinned starch in food and drinks as a result of its advantageous properties may be the cause of the expansion of the global market for thinned starches over the anticipated time frame. In addition, thinned starches are a clean-label product that is taken from natural sources. The need for thinner starches has increased as a result. The desire for convenience foods, shifting consumer eating patterns, and increased urbanization have also influenced the growth of the thinning starches market internationally. The usage of thinned starches in people's diets has increased as health awareness among the general population of the world has increased.
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Demand for Clean Label Goods is Growing
Global expansion will be boosted by the high demand for clean-label products. Social media provides consumers with quick access to information, which has increased their awareness of where the raw materials used to make finished goods are produced. Leading figures in the sector are working with foreign businesses to create cleaner starch food products. Customers place a strong emphasis on items that are highly transparent and free of preservatives. Manufacturers are creating innovative technologies to improve the functional qualities of staple cereals in order to meet the growing demand for clean-label products. Customers primarily favor these variations for their distinctive texture and aroma as well as the lack of any artificial components.
Comparative View of Associated Market
Pea Starch Market:
Attributes
Pea Starch Market
CAGR (2023 to 2033)
3.8%
Market Value (2023)
US$ 65 million
Growth Factor
As pea starch is more affordable than other options on the market, such as maize starch, wheat starch, and potato starch, consumers are choosing it, which is slowing the expansion of the pea starch market.
Key Trend
Recently, pea starch has been used in food processing, baking, and pharmaceutical items, which has led manufacturers of finished goods to use more of it.
Food Starch Market:
Attributes
Food Starch Market
CAGR (2023 to 2033)
3%
Market Value (2023)
US$ 20,928 million
Growth Factor
It is advantageous to include starch in a person's diet since it contains active components that aid in the prevention of weight gain and can alleviate the most severe symptoms of obesity.
Key Trend
Starch is utilized as an addition in breads, pastries, bread rolls, and sauces to meet the growing demand for low-calorie and low-fat products.
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Country-wise Insights
How are the Sales of Thinned Starch Market Shaping in North America?
Customers frequently eat convenience foods in the majority of industrialized countries. Foods for convenience must be carefully processed and prepared, which is made feasible by technology developments in packing, freezing, preservation, artificial flavorings, and other areas. Considering their yearly consumption levels, convenience meals are widely consumed throughout North America. The increased consumption of convenient foods has increased the demand for thinned starch.
Why is there a Rising Demand for Thinned Starch in Asia Pacific?
Globalization and the resulting changes in lifestyles have also increased the consumption of convenience foods in other countries throughout the world, particularly in Asia's emerging economies, which has increased the need for modified starch. China and India are driving the expansion of processed food in the Asia Pacific area. The Indian Brand Equity Foundation predicts that by 2025, the processed food industry in India will be worth USD 470 billion. (IBEF). Because there is such a strong demand for these particular meals, modified starch is also becoming more and more popular as a whole.
Category-wise Insights
Sorghum Being the More Adopted Source
Throughout the predicted period, the sorghum segment is likely to dominate the source. Due to the semiarid climate and high starch content of sorghum, this market segment is expected to develop from 2023 to 2033. In addition, it may be grown with less water and is less expensive to process.
Consumption By the Food and Beverage Industry
Within a few years, the food and beverage segment is anticipated to overtake the end-use segment. Due to its favorable & advantageous properties, thinned starches are in very high demand throughout the food & beverage industry, which has contributed to the segment's growth over the projection period.
Competitive Landscape
The American food firm Ingredion Incorporated announced the launch of ULTRA-TEX 1311 modified potato starch in the first quarter of 2021. The company's main objective is to expand its line of potato-based food products in North American nations like the USA and Canada. The business of thinned starches will expand globally and in North America as a result of the strategic decision.
A significant specialty chemicals firm, Nouryon, unveiled a certified natural starch for use in personal care products in the fourth quarter of 2019. Also, the product is anticipated to be the finest substitute for petrochemical-based goods that can be used globally in the personal care sector. A solid basis will be laid for the strategic initiative for the growth of the thinned starches industry across the globe.
Scope of the Report
Attribute
Details
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Market Analysis
US$ million for Value and Metric Ton for Volume
Key Regions Covered
North America; Latin America; Europe; East Asia; South Asia; Oceania and the Middle East and Africa
Key Countries Covered
United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others.
