Market Trends of Native Starch Industry
This section covers the major market trends shaping the Native Starch Market according to our research experts:
Increasing Investment in the Starch Market, to Strengthen the Growth
The manufacturers across the world are producing over 600 products from native starches, contributing to the global market. According to the European Starch Industry Association, in 2018, the total starch production in Europe, from EU wheat, maize, and potatoes, was 10.7 million metric ton, in comparison to the 8.7 million metric ton registered in 2004. Additionally, certain manufacturers are focusing on developing products, in order to cater to the various requirements of the food companies, to gain a competitive advantage, thereby, driving the market growth.
North America Dominates the Market
The consumption of native starches is widely witnessed in the region. These starches are specially designed for light-colored applications with subtle flavors, to be used in processed food products, aiding in maintaining the appeal of the product. In June 2019, Ingredion Incorporated launched NOVATION® Lumina functional native starches, to enhance the appeal of most delicate food products in the region. Therefore, most of the countries of the region, including Costa Rica and Guatemala, import native starches from their neighboring nations, such as the United States and Mexico.
