The Middle East and Africa Industrial Starch market is estimated to reach USD 5.8 billion by 2021 from a market value of USD 8.04 billion in 2016 at a CAGR of 6.664%.
The Industrial Starch market is showcasing significant potential over the mentioned forecast period. The market continues to build up momentum with the rising ease in the availability of alternates to natural starch sources and their high efficiency, like cassava.
It has thus gained attention from various companies in the industry.
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Industrial starch has its use as a compound with adhesive properties and is thus used widely in industrial applications.
Starch not only is helpful for food industries, but has various applications in non-food industries as well as mining, textile, paper and building materials due to its adhesive nature.
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The food processing industry has witnessed a rapid growth in recent years and thus has been one of the major reasons behind growth on industrial starch market. Other significant factors include increasing demand for convenience foods, rise in demand for adhesives around various industries and various other functions of starch.
However, the market faces various restraints and challenges as well. The major ones being, high investment costs for R&D, growth of the Arabic Gum Market and finally the use of alternatives like resin glue for adhesive purposes.
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The Middle East & Africa Industrial Starch market is segmented based on source, type, applications and form. The market is segmented on the basis of source under potato, corn, wheat and cassava etc.
The corn segment dominated the market share. On the basis of type, the market is divided into native starch and starch derivatives & sweeteners.
The derivatives & sweeteners segment accounted for the largest share in the market due to lesser limitations as well as better functionality. By applications the market segmentation is done into food & beverages, feed and paper industry, where food & beverages segment leads the market share because higher starch usage in food products.
Similarly, under segmentation by form, the liquid form has the larger market share compared to dry form. On the basis of geography, the Middle East & Africa market is analysed under various regions namely Middle East and Africa.
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Cargill, Ingredion Incorporated, Royal Cosun, Tate & Lyle PLC, Archer Daniels Midland Company, AGRANA Beteiligungs-AG, Roquette Frères, Grain Processing Company, The Tereos Group, Altia Industrial Services are some of the major players in the market.
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