August 10, 2020
According to the research report titled ‘Global Pregelatinized Starch Market Size study with COVID-19 impact, by Type (Wheat Flour, Potato Starch, Corn Starch, Others), by Application (Cosmetic Industry, Pharmaceutical Industry, Food Industry, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global pregelatinized starch market is expected to grow substantially during 2020-2027.
Global pregelatinized starch market is majorly driven by rising adoption of baked and baby foods and surging demand of pharmaceutical drugs due to increasing elderly population.
For those unfamiliar, pregelatinized starch is a f processed carbohydrate compound used as a texturizer or as a binder. It is generally derived from potato, tapioca, waxy corn, or corn. The product is pre-cooked, dried, and ground for consumption in various industries.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2764866/
In fact, pregelatinized starch is available in flake and powder form that enables products to enhance viscosity. It is highly adopted in products such as baby foods, soups, and baked food. It also works as an excipient in food and pharmaceutical as well as a disintegrate owing to its water absorbing properties. In addition, is acts as food stabilizer as it increases the shelf life of food products.
As per Statista, 2018, infant nutrition demand was worth USD 71.4 billion and is expected to reach USD 98.9 billion by the year 2024. This factor is likely to boost the demand of pregelatinized starch globally. Moreover, easy availability of raw materials like corn flour, potato starch, wheat flour, and others has allowed for high consumption and production of pregelatinized starch on a regular basis, thereby favoring the market outlook.
The COVID-19 pandemic has negatively impacted this industry vertical as pregelatinized starch manufacturers are observing decreased consumption and supply disruptions, resulting in variations in the market dynamics. Lack of awareness and dispersibility issues in water are projected to impede the market growth during 2020-2027.
From a regional perspective, North America currently holds major market share. The growth is majorly attributed to rapid urbanization or pregelatinized starch in pharmaceutical sector, and surging demand for baby food.
Meanwhile, Asia Pacific pregelatinized starch market is slated to grow substantially during the estimated timeframe, owing to inclination towards drugs made with pregelatinized starch among elderly population, especially in India and China.
Major contenders in global pregelatinized starch market are Karandikars Cashell Private Ltd., DFE Pharma, Crest Cellulose Pvt Ltd., Banpong Tapioca Flour Industrial Co Ltd, SA Pharmachem Pvt Ltd., Grain Processing Corporation (GPC), Galam Ltd., Visco Starch, Tate & Lyle PLC, and Cargill Incorporated.