The latest market report published by Credence Research, Inc. “Global Clean Label Starch Market: Growth, Future Prospects, and Competitive Analysis, 2015 – 2027”. The Global Clean Label Starch Market generated revenue of around USD 1,093.59 million in 2020 and anticipated to grow at a CAGR of over 8.73% during the forecast period from 2021 to 2027 to reach around USD 2,078.25 million in 2027.
Global Clean Label Starch Market, 2020 – 2027 (USD Million)
Browse the full report at https://www.credenceresearch.com/report/clean-label-starch-market
Starch (amylum) is a polymeric carbohydras containing of large number of glucose units. It most generally found in staple foods such as wheat, maize (corn), potatoes, rice, and cassava. Starch derivatives products are commonly used in paper manufacturing, in glues, such as cosmetics, wallpaper glue and even as a lubricant in oil drilling. Starch constitutes one of the most important sources of energy in the diets of human and animals. Clean label starch products are derived from pea, potatoes, maize, wheat, and tapiocas. It is a tasteless, white and fragrance-free powder that is insoluble in alcohol or cold water.
Key Trends in Global Clean Label Starch Market
Shifting consumer preference for natural and organic food products across the globe
Increasing demand for ready-to-go food products, growing population, rising food and beverages expenditure, increasing end use vertical industries such as food, paper, shifting consumer lifestyle etc. are factors projected to drive growth of the global clean label starch market. In addition, shifting consumer preference for natural and organic food products is another factor expected to drive the growth of the global market. Furthermore, increasing awareness about healthcare, growing awareness about advantages of consumption of clean label starch, customers are ready to pay a premium price for products, higher consumption of bakery and dairy products are other factors projected to drive revenue growth of the global market.
Rising demand for modified starch in food and beverage industry is one of the major concerns for the industry participants. Modified starch is easily available at much lower cost as compare to clean label starch. This in turn affecting the growth rate of clean label starch particularly in emerging regions where end-users are price sensitive with lack health benefits extended by the clean label products.
Impact of COVID 19 on Clean Label Starch Market
As the effect of the coronavirus outbreak, the virus has spread across the globe. The COVID-19 led to decline in the packaging of the clean label starch in the industries. The e-commerce platform, retail store, and shops are shutdown due to lockdown across the globe. This affected the trade of these type of products which hampered the sales of clean label starch in several countries across the globe.
Global Clean Label Starch Market by Source Insights
Corn, Wheat, Potato, Tapioca, and Others are some of the major sources through clean label starch. Corn segment accounted for the largest share in 2020 of the Clean Label Starch Market in 2020.
U.S. reported corn production of 13.016 billion bushels in the year 2019. Total U.S. corn production is expected to increase up to 14.7 billion bushels by 2024. This is in turn insure the consistent and uninterrupted supply of feedstock to the clean label starch manufacturers. Similarly, tapioca is major feedstock used for clean label production. Cassava is grown in many tropical countries of Africa, Asia and Latin America. The global cassava starch market size reached a production volume of 8,800 Kilo Tons in 2020.
Global Clean Label Starch Market by Form Insights
Powder and Liquid are the form type of clean label starch market. In 2020, the Powder segment accounted for the largest share of the clean label starch market. This can be attributed to the growing demand for powder among various end-use applications such as bakery products and packaged food, etc.
Global Clean Label Starch Market by End-user Insights
Global Clean Label Starch Market is segmented based on End-user as Food & Beverage, Paper Industry, Feed Industry, and Others. Food & Beverage segment accounted for the largest share of the clean label starch market in 2020, due to its numerous benefits and properties applied in food & beverage preparation.
Global Clean Label Starch Market by Regional Insights
Europe market is accounts for highest revenue contribution to the global market. This is attributed to high demand for clean label starch in the region is due to high spending power of consumers for premium products. The North America clean label starch market is projected to contribute significant revenue shares in the global market, due to increasing consumer preferences for organic & naturally origin food products population in countries in the region. The Asia Pacific market is expected to be an emerging market for the global market, and is expected to register highest CAGR in during the forecasted period. This is attributed to higher consumption rate of bakery and dairy products in country in the region. Furthermore, the markets in Europe, Middle East & Africa and Latin America are expected to register moderate growth rate during the forecast period.
Global Clean Label Starch Market Competitive Landscape
Most prominent players in the global Clean Label Starch Market include Roquette Frères S.A., Euroduna Food Ingredients GmbH, MGP Ingredients, Inc., AGRANA – Beteiligungs AG, Cargill, Inc., EI du Pont de Nemours and Co, BENEO GmbH, Kent Corporation, Tate & Lyle PLC, and Archer Daniels Midland Company. The report covers very detailed profiles of these key players. Top six players accounted for over 45% share of the clean label starch industry in 2020.
Global Clean Label Starch Market by Source, 2015 – 2027
Global Clean Label Starch Market by Form, 2015 – 2027
Global Clean Label Starch Market by End-user, 2015 – 2027
· Food & Beverage
· Paper Industry
· Feed Industry
Global Clean Label Starch Market by Region, 2015 – 2027
· North America
· Asia Pacific
· Latin America
· Middle East and Africa
Global Clean Label Starch Market: Key Players
· Roquette Frères S.A.
· Euroduna Food Ingredients GmbH
· MGP Ingredients, Inc.
· AGRANA – Beteiligungs AG
· Cargill, Inc.
· EI du Pont de Nemours and Co
· BENEO GmbH
· Kent Corporation
· Tate & Lyle PLC
· Archer Daniels Midland Company