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April 18, 2008
World Demand for Starch to Reach 62,635 Thousand Metric Tons by the Year 2010, According to New Report by Global Industry Analysts, Inc.
In sync with the economic climate in most regional markets, the global starch market is expected to mirror sedate growth to reach a forecasted 62,635 thousand metric tons by the year 2010. Diverse applications of starch links consumption patterns to the prevailing economic performance in regional markets.
San Jose, California (PRWEB) April 15, 2008 -- In earlier times, starch was only used in stiffening shirts, sizing cotton threads and setting of puddings. Over the years, the industry has experienced significant changes as a result of which the simple product has been transformed into a valuable ingredient offering myriad benefits in both food and non-food sectors. Starch is presently used widely in everything ranging from lipstick to biodegradable cups to antibiotics.
United States dominates the world starch market, accounting for approximately 50% of global consumption estimated in the year 2008, as stated by Global Industry Analysts, Inc. Europe and Asia-Pacific represent the other major markets. Asia Pacific is forecast to be the most sought after market in terms of growth opportunities, with a projected CAGR of about 4.33% over the period 2011 through 2010. Sales of Liquid starch in Latin America are projected to reach 2,299 thousand metric tons by the year 2012. Spiraling environmental issues in detergent and textile industries are expected to widen the application scope of starch in these end-use industries. In the detergent industry, for instance, environmental issues related to phosphates have already resulted in shifting of consumers' focus to starch and starch derivative products. With the rising popularity of organic ingredients, organic starches extracted from sources such as potato, waxy maize and tapioca, are expected score lucrative gains in the marketplace in the upcoming years. Global sales of Modified Starch are forecasted to reach 7,676 thousand metric tons by the year 2010.
Leading players in the worldwide starch market include Archer-Daniels-Midland Company, AVEBE Group B.A., Cargill Inc., Chemstar Products Company, Corn Products International Inc., Grain Processing Corporation, Matsutani Chemical Industry Co. Ltd., National Starch and Chemical Company, Penford Corporation, PT Budi Acid Jaya, Remy Industries, Roquette Frères, and Tate and Lyle Plc.
The report titled "Starch: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides comprehensive analyses and coverage of the US, Canadian, Japanese, European, Asia-Pacific, Latin American and Rest of World markets. The report details major trends, issues, starch application in food and non-food sectors, production scenario, trade policies and major players in the starch market. Product segments independently analyzed for the above mentioned markets include dry starch (native starch, modified starch and other dry starches) and liquid starch.
For more details about this research report, please visit http://www.strategyr.com/Starch_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
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Posted by Industrial-Manufacturing at April 18, 2008 12:17 AM