Oxidized Starch Market Size, Share, Growth Trends, and Forecast: A Detailed Analysis
A new report has been released, aiming to shed light on the diverse dimensions of the global oxidized starch market. This comprehensive study offers valuable insights into the market dynamics and growth prospects during the forecast period.
Sustained Demand Across Diverse Industry Verticals Boosts Oxidized Starch Market Revenue
The global market for oxidized starch is being driven by increased demand from key industry sectors such as pharmaceuticals, food, construction, textiles, and paper. The remarkable properties of oxidized starch, including its ability to enhance the whiteness and reduce the microbial content of various food products, are expected to further stimulate market growth. Factors such as rising disposable incomes, population growth, and changing consumer lifestyles are anticipated to have a significant impact on the demand for oxidized starch. Strategic collaborations and partnerships with end-use industries are among the key drivers that are poised to substantially elevate market valuation. Moreover, oxidized starch finds extensive applications in improving the chemical and physical characteristics of various end products across multiple industries. Notable factors expected to fuel market growth include increasing demand for oxidized starch in confectionery and bakery sectors to enhance dough texture and rising interest in warp sizing in the textile industry. Macroeconomic factors like a growing population, increased disposable income in emerging economies, and rapidly evolving consumer preferences are also expected to drive market demand.
Oxidized Starch Market: Navigating the COVID-19 Impact
The COVID-19 pandemic had a mixed impact on the oxidized starch market, with both positive and negative consequences. Leading countries that supply raw materials for oxidized starch, including China, India, Europe, Russia, the US, and Ukraine, experienced disruptions due to lockdowns and labor shortages brought about by the pandemic. These challenges severely affected the production and availability of oxidized starch. Reduced crop output, supply chain disruptions, and restricted international trade resulted in a shortage of raw materials for oxidized starch manufacturers. Industries such as food and beverage, animal feed, chemicals, paper, and pharmaceuticals experienced production reductions or stoppages.
Increasing Adoption Across Diverse Industry Verticals to Drive Oxidized Starch Market Growth
Oxidized starch is widely used as a pigment binder, stabilizer, smoothing agent, and coating binder across various industries, including food, textiles, construction, pharmaceuticals, and paper. The rapid adoption of oxidized starch across diverse industry verticals is a major driver for market expansion. The ability of oxidized starch to improve whiteness and reduce microbial content in food products contributes to its growth. Furthermore, oxidized starch is employed to enhance the chemical and physical properties of various end products in numerous industries. Two key growth drivers include the rising demand for warp sizing in the textile sector and the increased use of oxidized starch in confectioneries and bakeries to improve dough texture. The demand for oxidized starch is also expected to rise due to macroeconomic factors such as population growth, increased disposable income in developing nations, and evolving consumer lifestyles.
Growing Utilization in the Construction Industry to Facilitate Oxidized Starch Market Expansion
Oxidized starch is used in the construction industry to produce insulation board and acoustic tiles. The expanding construction sector, encompassing both residential and commercial spaces, is a significant driver of market growth. Oxidized starch enhances the properties of mortar and concrete, increasing their strength and durability. It also makes these materials easier to work with, simplifying their application. The International Construction Market Survey reports a steady increase in the global construction industry’s growth rate, which is expected to influence the oxidized starch market positively.
High Research and Development Costs Pose a Challenge to Oxidized Starch Market Expansion
The growth of the oxidized starch market faces challenges due to the rising cost of research and development and the emergence of alternative ingredients like gum arabic. Ensuring consistency in raw material production is another hurdle to market expansion. Specialized ingredients with limited applications are putting pressure on oxidized starch ingredients. Factors such as rising raw material prices and resource limitations further impede market growth.
Food Category to Lead the Oxidized Starch Market with Growing Adoption in Bakery and Confectionery Industry
The oxidized starch market is segmented by end use into food, textiles, construction, pharmaceuticals, and paper. The food sector accounted for the largest market share in 2021 and is expected to witness significant growth in the coming years. The increasing use of oxidized starch in the bakery and confectionery industry is a key driver for this segment’s growth. Additionally, oxidized starch is utilized in pet food, aquaculture, and animal feed due to its binding and stabilizing properties. It is used as a base for producing glucose-fructose or fructose-glucose syrups, serving as substitutes for cane sugar. These syrups closely resemble cane sugar in taste and chemical composition.
Coating Binder Category to Dominate Oxidized Starch Market, Driven by Applications in Paints and Coatings Industry
In terms of application, the coating binder category is expected to dominate the oxidized starch market. Oxidized starch, after undergoing chemical treatment, is widely used as a pigment binder and coating binder in the paints and coatings industry. Its advantages over unaltered starch include improved color retention, adhesion, and water resistance. Oxidized starch is also used as an adhesion coating in breading and batter and in the production of transparent confectionery items. It is commonly employed as a coating binder in applications requiring gels with low stiffness.
Surging Processed Food Sales Propel North America’s Oxidized Starch Market to the Forefront
Over the forecast period, North America is anticipated to hold the largest revenue share in the oxidized starch market. Factors such as the growing textile sector, increasing demand for various bakery products, and rapid economic development contribute to the region’s market dominance. In the United States, the demand for processed foods is a significant driver, as oxidized starch is used in processed meals as a thickening agent, emulsifier, and stabilizer. Other key consumers of oxidized starch in the region include the pharmaceutical and cosmetics sectors. The trend toward healthier eating is also impacting the oxidized starch market in the United States, as it is a source of dietary fiber with a low glycemic index, making it suitable for various health food products.
The Asia Pacific oxidized starch market is expected to experience steady revenue growth throughout the forecast period, driven by increasing applications for oxidized starch. Growth in this region will be supported by the rapidly expanding food sector and rising demand for oxidized starch in countries like China and Japan. India’s market growth will be fueled by increasing demand from the food and beverage industry, population growth, and urbanization. China’s oxidized starch production is primarily used in the textile industry, followed by the food and paper industries. The domestic market for oxidized starch in China has been expanding steadily, and it is increasingly used as a chemical substitute in various industrial applications due to environmental concerns.
Global Oxidized Starch Market: Competitive Landscape
Technological advancements in oxidized starch production have led to mass manufacturing and market growth. Ingredient suppliers are diversifying their supply chains by using alternative sources, moving beyond traditional ones like tapioca and potatoes. Many companies are also expanding their production capacities to meet the growing demand.
Key players in the oxidized starch market include Ingredion Inc, Universal Starch Chem Allied, Cargill Inc, Ulrick, and Short Ltd, Archer Daniels-Midland Co.,, Avebe U.A, Banpong Tapioca Flour Industrial Co Ltd., Tate and Lyle Plc., China Essence Group Ltd, KMC, Penford Corp., and Global Bio-Chem Technology Group Co. Ltd.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/oxidized-starch-market
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