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.
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➤ High product penetration in the textile and paper industry and pharmaceuticals to support the global market expansion
The global market trends will be bolstered by the high penetration of refined starch in the food and beverage industry. The scope of the thinned starches market growth will be expanded by favorable product features, including solubility, stability, gel and film formation, and viscosity. It appears that the pharmaceutical industry is a significant user of the product. Additionally, refined starch is extensively employed in the textile and paper industry due to its affordability and accessibility.
➤ Thinned starches are extensively employed in food processing and other industries to establish new growth opportunities for the global market.
Thinned starch manufacturers are expanding their manufacturing capabilities and implementing new technologies to optimize their output. This, in turn, will create new growth opportunities for the global market. Furthermore, the global industry will experience new growth opportunities as a result of the increasing demand for products in the cosmetics, paper-making, food processing, and textile sectors.
➤ The global market expansion will be met with a significant challenge due to the demand for specific refined starches in order to achieve the desired flavor.
An altered condensed starch is incorporated for a specific application, in addition to the requirement for the desired flavor in the final product. Furthermore, the global market’s expansion will be significantly impeded by the decision to select a reduced starch type in order to achieve the desired flavor.
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The Global Thinned Starches Market is segmented based on product, application and region
Global Thinned Starches Market: Product Segment Analysis
● Wheat
● Potato
● Corn
● Cassava
● Sorghum
Global Thinned Starches Market: Application Segment Analysis
● Food & Beverages
● Snacks
● Bakery
● Confectionery
● Dairy
● Soups, Sauces, & Gravies
● Batteries & Coatings
● Textiles
● Meat & Fish
● Infant Milk Formula
● Paper
● Pharmaceuticals
● Cosmetics
● Animal & Fish Feed
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The global Thinned Starches market profiles key players such as:
● 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
???? Recent Developments:
• In March 2021, Ingredion Incorporated, a food company headquartered in the United States, introduced a novel modified potato starch known as ULTRA-TEX 1311 modified potato starch. The company’s objective is to broaden its portfolio of potato-based culinary products to include countries such as the United States and Canada. The initiative will also promote the growth of the thinned starches industry in the North American region and globally.
• Nouryon, a global specialty chemicals company, introduced a certified natural starch for the personal care sector in December 2019. It is purported to be the most effective substitute for petrochemical-based products in the global personal care industry. The action will establish a robust foundation for the expansion of the global thinned starch market.
➤ The global market growth is expected to be dominated by the Asia-Pacific region over the forecast timeline.
It is anticipated that the Asia-Pacific region will be the driving force behind the global thinned starches market expansion in the next eight years, as a result of the substantial demand for the product in countries like China and India. Additionally, India is the world’s greatest producer of sorghum, which will contribute to the growth of regional market trends. Additionally, the regional market size will expand in the years ahead due to the presence of key industry participants in countries like China, Japan, and India.
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