According to the research report titled ‘Global Industrial Starches Market Size study, by Source (Corn, Wheat, Cassava, Potato, Other Sources), by Type(Native, Starch Derivatives and Sweeteners), by End user ( Food, Feed, Paper Industry, Pharmaceutical Industry, Other Applications)and Regional Forecasts 2021-2027’, available with Market Study Report, global industrial starches market was worth USD 55.4 billion in 2020 and is expected to register 5.73% CAGR over 2021-2027 to reach a valuation of USD 81.8 billion by the end of the projected timeframe.
 

Rising demand for convenience food, flourishing food & food processing sector as well as increasing use of the product as an adhesive in consumer items and the packaging are catalyzing the growth of global industrial starches market.
 

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Additionally, growing inclination towards biomaterials and biofuels, coupled with numerous functionalities of starch, sweeteners, and starch derivatives across an array of end-user segments are augmenting the industry growth trajectory.
 

For instance, in January 2020, Tate & Lyle PLC launched a variety of non-GMO products, including starches for use in processed cheese and jelly confections for texture enhancement.
 

It is to be noted that industrial starch is made from a range of natural ingredients. The product is widely employed in the paper business, for manufacturing and coating processes.
 

On the contrary, high research & development cost is likely to hamper the growth of the business domain over the stipulated timeframe.
 

With respect to source, worldwide industrial starches market space is classified into potato, corn, wheat, cassava, and other sources, whereas based on product type, the industry scenario is bifurcated into starch derivatives & sweeteners, and native variants. In terms of end user terrain, the market sphere is bifurcated into pharmaceutical, paper, feed, food, and others.
 

From regional frame of reference, Latin America, North America, Europe, and Asia pacific are significant contributors to industry remuneration. Among these, North America currently holds a major market share, owing to boostedproduct sales in the region.
 

Parallelly, Europe industry is poised to register a considerable growth rate over the projected period, creditable to rising demand for processed food.
 

Leading companies in global industrial starches market include Archer-Daniels-Midland Company, Agrana Beteiligungs-AG, Ingredion Incorporated, Kent Nutrition Group, Cooperatie Koninklijke Cosun UA, Roquette Frères SA, Cargill Incorporated, Tate & Lyle PLC, Tereos SA, and Altia Oyj among others.