The North America organic starch market is expected
to be valued at USD 275.9 billion by 2025, according to a new report by Grand
View Research, Inc. Increasing consumption of healthy convenience foods has
been a major factor driving the market since the last few years.
Rising adoption of convenience foods on
account of busier lifestyles and higher standards of living is anticipated to
drive the market over the forecast period. Product innovation and constant
research & development are projected to create lucrative growth
opportunities for manufacturers over the forecast period. The market is further
expected to be driven over the next eight years by the rising product demand in
food & beverage industry as well as increasing government support to
promote organic ingredients. Several small mill producers are collaborating
with large producers owing to the huge costs involved in transportation and
storage. Rapid technological advancements in terms of production techniques are
anticipated to open up huge growth avenues for manufacturers over the forecast
period.
Bakery was the largest end-use segment in
2016 and is expected to continue to progress at a substantial rate over the
forecast period. Meat segment is projected to ascend at the fastest CAGR of
3.5% over the next eight years.
Organic starch is being increasingly
utilized in bakery, confectionery, meat, and dry blends, which is likely to
have a positive impact on the market growth over the forecast period. Ease of
availability and convenience of purchasing are factors contributing to the
rising popularity of in-store bakery products in grocery and retail stores.
E-commerce stores are creating a buzz in the industry owing to the convenience
of product availability, purchase, and delivery. These stores require baked
products with a longer shelf life. The shelf life of baked products depends on
various factors including packaging, chemical composition, and freezing.
Innovative methods are being developed by manufacturers to maintain the
freshness of products throughout the extended shelf life.
Access
Research Report of North America Organic
Starch Market @ http://www.grandviewresearch.com/industry-analysis/north-america-organic-starch-market
Further key findings from the report suggest:
· The demand for organic starch in North
America was recorded at 10,231.1 kilotons in 2016 and is estimated to progress
at a CAGR of 3.1% from 2017 to 2025. The U.S. dominated North America organic
starch market in 2016, followed by Canada.
· By end use, bakery emerged as the largest
segment of the market in 2016. Organic starch acts as a stabilizer, binder, and
thickener in the production of food. The market is highly competitive in nature
and driven by the rising demand for organic starch in different industrial
verticals.
· The U.S. market is projected to witness a
substantial growth over the next decade owing to various developments across
major industries, especially food & beverage. Organic starch market is
considered a developed in the U.S. in light of the huge product demand from
food & beverage sector.
· Key market players include Pure Life
Organic Foods Limited, Northern Grain & Pulse, Inc., International Sugars,
Inc., Tate & Lyle, Royal Ingredients Group, and Aryan International. Major
players such as Ingredion Incorporated are investing in the development of
newer technologies coupled with the acquisition of raw material manufacturing
companies. Agreements and collaborations are among the major strategies adopted
by key players.
Grand View Research has segmented the North
America organic starch market on the basis of end use, ingredient, and country:
End-Use Outlook (Volume, Kilotons; Revenue,
USD Million; 2014 - 2025)
·
Meat
·
Bakery
·
Confectionery
·
Dry Blends
Ingredient Outlook (Volume, Kilotons;
Revenue, USD Million; 2014 - 2025)
·
Corn
·
Potato
·
Wheat
·
Others
Country Outlook (Volume, Kilotons; Revenue,
USD Million; 2014 - 2025)
·
U.S.
·
Canada
·
Mexico
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For More
Information: www.grandviewresearch.com
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