"Innovative Technologies and Trends Shaping the Industrial Starch Market: Future Outlook"
Data Bridge Market Research has reported that the global
industrial starch market is predicted to grow at a compound annual growth
rate (CAGR) of 6.4% during the forecast period of 2021 to 2028, and is
expected to reach USD 148.85 billion by 2028.
Market Insights and Scope
The industrial starch market is experiencing growth due to
increased demand for starch in various non-food applications, including snacks,
bakeries, drinks, functional foods, biodegradable plastic, and food products
and additives. The market is also being propelled forward by rising demand from
the pharmaceutical, biotechnology, paper, and wallboard industries for wheat
starch, which has better performance, consistent viscosity, and adhesive
properties. Improvements in production processes and wastewater treatment
technologies are also expected to drive market growth.
However, the high cost of research and development
activities and the rise of the gum Arabic market are expected to hinder market
growth. Additionally, maintaining consistency in the production of raw
materials will pose a challenge to the growth of the industrial starch market.
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