Hyderabad, India -- (SBWire) -- 03/07/2018 --Starch, typically mentioned as corn flour, is a carbohydrate extracted from the endosperm of corn. This white powdery substance is employed for several culinary, household, and industrial functions.
Globally, rise in adoption in food and beverages, processed food, paper and board and detergent industries, increasing replacement trend of petroleum with ethanol, higher production of value-added chemicals, rising animal feed market, wider range applications of corn starch are the prime growth drivers of worldwide Food starch market.
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Rapidly increasing population, growing food and beverage, cosmetics and prescribed drugs industries, ever-changing lifestyles of consumers, rising incomes, purchasing power, increasing animal feed business, rise in client awareness, and favorable government policies in developing nations are some of the major factors behind the high projected growth of the market.
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Increasing advancements in the technology of microencapsulation have widened the choices for starch trade, which is projected to possess a high impact in the coming years. The rising demand for weight management ingredients or foods and functionally numerous ingredients are driving the market. In addition, technological advancement within the field of biotechnology, the emergence of latest fermentation organisms, and an increase in adoption of starch in developing economies like China, India and others, can produce new opportunities for international corn starch market. The rising demand for processed and convenience foods has opened the gates for the market. Additionally, the emerging trend of "clean label ingredients" has further triggered the market and is predicted to continue the impact throughout the forecast time period.
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North America is estimated to represent the biggest share in this market because of the huge demand for food starch from the region. The Asia Pacific region is predicted to witness the quickest growth owing to presence of quickly developing countries like India and China.
The leading companies in the current global market include Roquette Fereres SA, Tate & Lyle - Tereos Syral, Cargill Incorporated, Grain Processing Corporation, National Starch Food Innovation, Ingredion and AGRANA.
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