Thin Boiling Starch Market
According to a new report published by Introspective Market Research, titled, “Thin Boiling Starch Market by Type, Form, and Application: Global Opportunity Analysis and Industry Forecast, 2024–2032,”
the global Thin Boiling Starch market size was valued at USD 14.26 billion in 2023, and is projected to reach USD 20.12 billion by 2032, registering a CAGR of 3.9% from 2024 to 2032.
Thin boiling starch is a starch variety that experiences hydrolysis, decreasing its thickness, and becoming beneficial in the food and beverage sectors. It improves its performance by acting as a thickening or gelling agent, providing better solubility and ease of integration into mixtures. The expanding thin boiling starch market is fueled by higher usage in the food sector, demand for convenient foods, and enhanced solubility. Future advancements in manufacturing technologies will also play a role in this growth. Due to the demand for improved food quality and processing efficiency, the market is projected to continue its current growth trend. Demand for thin boiling starch is anticipated to continue robust in the future, creating a dynamic and expanding market due to evolving consumer preferences and industrial needs.
According to The Thin Boiling Starch Market is segmented into Type, Form, Application, and region. By Type, the market is categorized into Potato Starch, Maize Starch, and Wheat Starch. By Form, the market is categorized into Dry and Liquid. By Application, the market is categorized into Food & Beverages, Paper Making, and Textile, Pharmaceuticals, Animal Feed, and Cosmetics. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
The need for processed food items is on the rise because of convenience and evolving dietary choices. A widely used ingredient in the food industry, thin boiling starch is utilized to enhance texture and stability. Manufacturers anticipate that improvements in production technologies will increase accessibility. Growing disposable income and evolving dietary preferences will fuel the need for processed foods, emphasizing the importance of thin boiling starch in providing better textures and extended shelf life to meet demand. Anticipated advancements and current momentum are likely to drive long-term growth in the thin boiling starch market.
The unique properties and cost-effectiveness of thin boiling starch are leading to its growing use in non-food industries like textiles and adhesives. Improvements in processing technologies enhance the effectiveness and flexibility of extraction for different industrial requirements. With sustainability gaining importance, the eco-friendly qualities of thin boiling starch make it a popular option. Expansion into other industries outside of food is in line with the worldwide movement towards sustainable resources, opening up opportunities for wider use. It is anticipated that the rising utilization of thin boiling starch in non-food sectors will make a significant impact on market expansion, due to its ability to adjust to evolving demands and serve as a useful component.
Global Thin Boiling Starch Market, Segmentation
The Thin Boiling Starch market is segmented based on Type, Form Application, and region.
Type:
The inexpensive wheat starch is becoming increasingly popular in different sectors because of its function in food, clean-label, and natural ingredients. The market for thin boiling starch is expanding as extraction efficiency improves and demand for gluten-free products rises. The demand for wheat starch is being driven by its adaptability in industries outside of food, such as textiles and adhesives. Innovative wheat breeding is enhancing both starch content and functionality. Due to its affordability and beneficial characteristics, the demand for wheat starch is projected to keep rising in the thin boiling starch industry.
Application:
The Food & Beverages sector is projected to lead the thin boiling starch market because of its advantages in texture and stability, increasing demand for processed foods and convenience items, and rising preference for natural and clean-label ingredients. Technological advancements will improve production efficiency, while the diverse uses of thin boiling starch in different food items like sauces and baked goods will boost demand in the long run. The existing drive is in line with expected progress, guaranteeing a strong and expanding market ahead. The Food & Beverages sector significantly impacts the sustainable development of the thin boiling starch market.
Region:
The demand for processed foods in the Asia-Pacific region is increasing due to industrialization and population growth, leading to growth in the thin boiling starch market. China and India are promoting the utilization of thin boiling starch to manufacture food and beverages. Predictors expect that decreased income and disposable income will drive the need for convenience and processed foods. Progress in technology and sustainable practices will enable thin-boiling starch to thrive in different sectors. Key players like China and India will maintain important positions due to their strong demand across various sectors. The region's economy continues to grow, ensuring a lively and expanding market environment in the future.
Some of The Leading/Active Market Players Are-
- Cargill Incorporated (US)
- Ingredion Incorporated (US)
- Penford Corporation (US)
- Grain Processing Corporation (US)
- National Starch & Chemical Corporation (US)
- Colorcon Inc. (US)
- Ajinomoto Corn Products, Inc. (US)
- Avebe U.A. (Canada)
- Tate & Lyle Plc (UK)
- Tereos SCA (France), and Other Active Players
Key Industry Developments
- In August 2023, Spac Starch Products (India) Ltd. introduced a biodegradable thin boiling starch derived from cassava for use in food packaging, contributing to the promotion of sustainability in the industry.
- In March 2023, Tate & Lyle PLC reached an agreement with IMCD, their exclusive distribution partner in Brazil, to expand their offerings of sweetening, texture improvement, stabilization, and fortification solutions in the Brazilian food, beverage, and nutrition industries. This collaboration demonstrates Tate & Lyle's commitment to meeting market demands through strategic partnerships.
Key Findings of the Study
- The global Thin Boiling Starch market, valued at USD 14.26 billion in 2023, is projected to reach USD 20.12 billion by 2032, with a CAGR of 3.9% from 2024 to 2032, driven by its increased use in the food sector and demand for convenient foods.
- The market segmentation includes potato, maize, and wheat starch types, forms, and applications across food, beverages, paper making, textiles, pharmaceuticals, animal feed, and cosmetics, with regional analysis covering North America, Eastern Europe, Western Europe, Asia-Pacific, South America, and the Middle East & Africa.
- The market growth of thin boiling starch is expected to be sustained by advancements in production technologies and rising demand for processed foods due to higher disposable incomes and evolving dietary preferences.
- The market expansion in non-food industries like textiles and adhesives is expected to be driven by cost-effectiveness, eco-friendliness, and global sustainability, with key regions like Asia-Pacific, particularly China and India, expected to remain pivotal.
