(Food-Beverage-News.Com, September 15, 2018 ) According to Verified Market Intelligence, the global industrial starch market was valued at USD 73.5 billion in 2016 and is projected to reach USD 128.45 billion by 2025, growing at a CAGR of 6.4% from 2017 to 2025.
Starches are commonly obtained from food sources such as potato, wheat, maize etc. and has numerous application in different industries such as food, paper, textile, printing and many more. In the food and beverage industry, it is used in the manufacturing of various food products such as jellies, jam, fruit drinks etc. Apart from this, it has various other applications in non-food industries such as producing pharmaceuticals, papermaking, printing and cosmetics and many more.
Rising demand for ready-to-eat foods and multifunctional application of starch, starch derivatives & sweeteners in the diverse range of end-use industries has been driving the global industrial starch market. On the other hand, the growing demand for Gum Arabica and high R & D costs involved might hinder the overall growth at a global level.
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