The pregelatinized starch market size was valued at USD 1.72 billion in 2020. The market size is expected to rise from USD 1.77 billion in 2021 to USD 2.38 billion by 2028 at a CAGR of 4.3% during the projected period. The global market is expected to rise during the projected period due to rising starch demand in the food & beverage sector to store processed and ready-to-eat food packages. Fortune Business Insights™ publishes this information in a report titled, “Pregelatinized Starch Market, 2021-2028”.
Pregelatinized starch is a form of carbohydrate that is cooked and dried to be converted into flaked or powder form. These starches are extracted from potatoes, wheat, and corn. The starches are used in ready-to-eat and processed foods and are efficiently digestible. Also, properties such as biodegradable are likely to foster market growth.
Browse In-depth Summary of This Research Insight:
Restricted Product Supply to Hinder Market Growth
The outbreak of COVID-19 pandemic has affected various operational industries, including the food and beverage industry. Also, regulations imposed by the government bodies on import/export policies have restricted the supply of raw material in the segmented regions. Furthermore, halt on manufacturing and production activities has restricted the product supply and market growth. The restriction on workforce functioning hampered the production rate of the companies. These factors are likely to hinder the market expansion during the pandemic.
List of Key Players Profiled in the Report:
- Cargill Incorporated (Iowa, U.S.)
- Tate & Lyle (London, U.K.)
- Visco Starch (Gujarat. India)
- Galam (Ma’anit, Israel)
- Banpong Tapioca Flour Industrial Co Ltd. (Bangkok, Thailand)
- Crest Cellulose (Andhra Pradesh, India)
- DFE Pharma (Tamil Nadu, India)
- Karandikars Cashell Private Limited (Maharashtra, India)
- Grain Processing Corporation (Iowa, U.S.)
- S A Pharmachem Pvt Ltd. (Maharashtra, India)
Source, Application, and Region are Studied
By source, the market is divided into corn, wheat, potato, and others.
Based on application, the market is segmented into food & beverage, pharmaceutical, cosmetics, and others.
By geography, the market is categorized into Europe, Asia Pacific, South America, North America, and the Middle East & Africa.
The research report provides factual data regarding statistics and information regarding development trends and advancements in the industry. Also, innovative strategies and latest trends in the market are discussed along with industrial developments implemented by key players. The report focuses on various developments such as technological advancements and innovation activities adopted by prominent players in the industry.
Drivers & Restraints:
Rising Product Demand in Food & Beverage Sector to Bolster Market Expansion
The market is anticipated to propel market growth in the coming years, owing to increasing product demand in the food & beverage sector. Also, the product requirement in the cosmetics and personal care industry is likely to boost the market. Furthermore, the rising demand for ready-to-eat and processed food products in an emerging market is expected to increase product supply and bolster market expansion globally. These factors are likely to ensure the pregelatinized starch market growth during the forecast period.
However, the high energy required to process the starch is likely to hinder the market growth.
Europe Dominates Global Market Due to Increasing Product Demand
Europe holds the most prominent global market share during the forecast period owing to the rising demand for personal care and cosmetic products. Increased utilization of starch in this sector is likely to propel market growth.
North America holds the second-largest global pregelatinized starch market share, owing to rising product demand in the food & beverage sector. The presence of key players in the region is expected to increase the production rate and rise the supply of the starch to various industries.
Innovation Strategies Allows Key Players to Maintain Market Position
The presence of key players in the global market encourages the companies to implement development strategies such as partnerships, mergers, and acquisitions. The companies operating in various segmented regions focus on implementing innovative strategies to develop product portfolio and ensure product differentiation to gain competitive advantage.
- March 2020: Tate & Lyle, MIRA-Gel forms a gel at room temperature and is similar to the starch produced from cooked starches and heat-processed gel-forming agents or gums. These agents can be used for instant foods and cold processed starch.