Thinned Starches Market Size, Share, Trends, Growth 2030

Thinned Starches Market Size:

The global thinned starches market size was evaluated at $6.8 Billion in 2021 and is slated to hit $10.5 Billion by the end of 2030 with a CAGR of nearly 5.6% between 2022 and 2030.

The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.

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Thinned Starches Market: Synopsis

Thinned starches find massive applications in the food & beverages sector where high starch contents are involved. Moreover, thinned starches demonstrate low heat viscosity along with high adhesive and binding power. Reportedly, these products are utilized immensely in processed meat production, coated foods such as battered items & bread, confectionery items, and imitation cheese. Thinned starch is also referred to as fluidity starch.

Key Insights

• As per the analysis shared by our research analyst, the global thinned starches market is projected to expand annually at the annual growth rate of around 5.6% over the forecast timespan (2022-2030)
• In terms of revenue, the global thinned starches market was evaluated at nearly $6.8 billion in 2021 and is anticipated to hit $10.5 billion by 2030
• The global market is anticipated to record massive growth over the forecast period due to the immense use of thinned starch in the paper & textile and pharmaceutical sectors.
• Based on source, the sorghum segment contributed to a major market share in 2021
• In terms of end-use, the food & beverages segment to contribute lucratively towards the overall market size during the predicted timeframe
• On the basis of region, the Asia-Pacific region is predicted to be a key regional revenue pocket for the global market during the projected timeline

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Thinned Starches Market: Growth Drivers

High product penetration in pharmaceuticals and textile & paper industry to augment the global market surge

High penetration of thinned starch in the food & beverages industry will boost the global market trends. Favorable product features such as viscosity, stability, gel & film formation, and solubility will enhance the scope of the thinned starches market growth. Apparently, the product finds large-scale applications in the pharmaceutical industry. Apart from this, thinned starch is utilized majorly in the textile & paper sector as they are cost-efficient and easily available.

Thinned Starches Market: Hindrances

Off-note formation to inhibit the expansion of the global market

Formation of off-note in delicious & flavored diets can impede the growth of the global thinned starches industry.

Thinned Starches Market: Opportunities

Immense use of thinned starches in food processing & various other sectors to create new facets of growth for the global market

Manufacturers of thinned starches are increasing their manufacturing capacities and using new technologies for enhancing output. This, in turn, will generate new growth opportunities for the global market. Moreover, surging product demand across the cosmetics, paper-making, food processing, and textile sectors will create new facets of growth for the global industry.

Thinned Starches Market: Challenges

Demand for particular thinned starch for getting a required flavor to prove a major challenge for the global market expansion

Addition of altered thinned starch for a particular application as well as the need for the desired flavor for end product. Moreover, the selection of thinned starch type for obtaining this desired flavor will pose a big challenge to the expansion of the global market.

Thinned Starches Market: Segmentation

The global thinned starches market is divided into form, source, application, end-use, and region.

Based on source, the global thinned starches industry is segmented into wheat, corn, potato, cassava, and sorghum. Moreover, the sorghum segment, which lead the global market size in 2021, is anticipated to maintain its domination even during the forecast timeline. The segmental growth can be attributed to its cultivation even in countries where there is a low water supply.

Based on the end-use, the global thinned starches market is segmented food & beverages, textiles, snacks, bakery, cosmetics, confectionery, dairy, pharmaceuticals, soups, sauces, & gravies, batteries & coatings, infant milk formula, meat & fish, paper, and animal & fish feed. Moreover, the food & beverages segment is projected to lead the end-use segment within a couple of years. The expansion of the segment over the forecast timeline can be credited to the humungous demand for thinned starches across the food & beverages sector as a result of its favorable & beneficial characteristics. 

In terms of application, the global market is divided into food & beverages, paper, infant milk formula, snacks, cosmetics, bakery, confectionery, dairy, soups, sauces, & gravies, batteries & coatings, pharmaceuticals, textiles, meat & fish, and animal & fish feed. Moreover, the food & beverages segment, which accounted for the highest market share in 2021, is set to dominate the segmental surge in the next couple of years. The segmental expansion from 2022 to 2030 can be attributed to the use of thinned starch in the food & beverages segment.

Recent Breakthroughs:

• In March 2021, Ingredion Incorporated, a U.S.-based food firm, announced a new modified potato starch referred to as ULTRA-TEX 1311 modified potato starch. The move of the firm is aimed at expanding its potato-based food product portfolio across the countries such as Canada and the U.S. The initiative will also provide impetus to the expansion of thinned starches business in the North American region as well as across the globe.
• In December 2019, Nouryon, a global specialty chemicals firm, launched a certified natural starch for the personal care industry. Reportedly, it can prove to be a best substitute for petrochemical-based products in the global personal care industry. The move will set up a strong platform for the growth of the global thinned starches market.

Thinned Starches Market: Report Scope:

Thinned Starches Market: Regional Analysis

Asia-Pacific to dominate the global market growth over the forecast timeline

The Asia-Pacific region is anticipated to lead the global thinned starches market surge in the coming eight years due to massive product demand in countries such as China and India. Apart from this, India is the largest manufacturer of sorghum across the globe and this will boost the regional market trends. In addition to this, the presence of key industry participants in countries such as India, Japan, and China will increase the regional market size in the years to come.

Thinned Starches Market: Competitive Analysis

The thinned starches market profiles key market participants including:

• Everest Starch India Pvt. Ltd.
• Tate & Lyle
• MGP Ingredients
• Roquette Freres
• Archer Daniel Midlands Company
• Agrana Starke GmbH
• Grain Processing Corporation
• SPAC Starch Products Ltd.
• Visco Starch Manufacturers
• Angel Starch & Food Pvt. Ltd.
• Cargill Inc.

The global thinned starches market is segmented as follows:

By Form

• Dry
• Liquid

By Source

• Wheat
• Potato
• Corn
• Cassava
• Sorghum

By Application

• Texturizers
• Viscosifiers
• Binders
• Emulsifiers
• Stabilizers
• Film-Formers

By End-Use

• Food & Beverages
• Snacks
• Bakery
• Confectionery
• Dairy
• Soups, Sauces, & Gravies
• Batteries & Coatings
• Textiles
• Meat & Fish
• Infant Milk Formula
• Paper
• Pharmaceuticals
• Cosmetics
• Animal & Fish Feed  

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa