02-Feb-2023 | Zion Market Research
The global thinned starches industry size was nearly $6.8 Billion in 2021 and is set to increase to about $10.5 Billion by 2030 with a CAGR of nearly 5.6% between 2022 and 2030.
Thinned starch is acid-modified starch that is prepared through a partial depolymerization process. Furthermore, thinned starch is also known as fluidity starch due to its low heat viscosity. It can also dissolve in cold water and possess high binding power and adhesion property. The product also finds lucrative applications in coating ingredients that are used in paperboard and paper production.
Expansion of the global thinned starches market over the forecast timeframe can be due to the rise in the use of thinned starch in food & beverages owing to its beneficial features. Apart from this, thinned starches are extracted from natural sources and are a clean-label item. This has further elevated the demand for thinned starches. In addition, rising urbanization, changing customer eating habits, and demand for convenience diet have shaped the expansion of thinned starches market globally. The rise in health awareness among the global population has enhanced the use of thinned starches in the diet of individuals.
However, the acid-treated thinned starches can result in the formation of off-note in flavored & delicious diet, thereby putting brakes on the global thinned starches industry. Nevertheless, the addition of modified thinned starch for obtaining the desired flavor of the diet will open new vistas of growth for the global market.
The global thinned starches market is divided into form, source, application, end-use, and region.
On the basis of source, the global thinned starches industry is sectored into wheat, sorghum, potato, corn, and cassava segments. Furthermore, the sorghum segment is expected to lead the source over the anticipated period. The growth of this segment from 2022 to 2030 can be attributed to sorghum being a semiarid crop and a good source of starch. Apart from this, it requires less water for cultivation and its processing is inexpensive.
Based on the end-use, the global thinned starches market is segmented into 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.
The Asia-Pacific region is projected to dominate the global thinned starches industry over the forecast timeline due to the large-scale presence of mammoth manufacturers in the region. Apart from this, India is the world’s largest producer and exporter of sorghum.
This review is based on a report by Zion Market Research, titled “Thinned Starches Market By Form (Dry and Liquid), By Source (Wheat, Potato, Corn, Cassava, and Sorghum), By Application (Texturizers, Viscosifiers, Binders, Emulsifiers, Stabilizers, and 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, and Animal & Fish Feed), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/thinned-starches-market
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