Global pregelatinized starch market projected to reach USD 2.95 billion by 2033 with CAGR of 4.55%
From GlobeNewswire: 2024-07-04 22:00:00
The Global Pregelatinized Starch Market is projected to grow from USD 1.89 billion in 2023 to USD 2.95 billion by 2033, with a CAGR of 4.55%. Pregelatinized starch is made by boiling and drying carbohydrates like potatoes, wheat, or arrowroot. It’s widely used in food and beverage products due to its quick dissolving nature and non-GMO characteristics, retaining the original base material’s properties.
The corn segment is expected to dominate the global pregelatinized starch market, given corn’s popularity worldwide. Pregelatinized starch is commonly used as a thickener or binder in the food industry. The food & beverage segment is anticipated to grow rapidly due to changing consumer preferences for enhanced functionality, convenience, and sustainability in products.
North America is poised to hold the largest share in the global pregelatinized starch market, driven by established food and beverage companies like Nestle and Kraft Heinz. In contrast, Asia Pacific is expected to grow at a faster rate due to the region’s expanding pharmaceutical industry and increasing demand for cosmetics and packaged meals.
Key players in the global pregelatinized starch market include Cargill Incorporated, Tate & Lyle, Visco Starch, and Roquette Frères. Recent developments include Roquette expanding their pharmaceutical and nutraceutical excipients range. The market is competitive, with companies focusing on product development, partnerships, and strategic alliances to stay ahead.
For more insights on the global pregelatinized starch market, including key industry insights, market data, and forecast analysis, visit Spherical Insights. Contact them for further information on market trends and specific segmentation details covering various regions and applications.
Visit Spherical Insights for in-depth analysis of the Global Pregelatinized Starch Market, including market size, growth drivers, key players, recent developments, and competitive landscape. Contact them for expert insights and forecast analysis to make informed business decisions in the evolving starch market landscape.
Read more at GlobeNewswire: Global Pregelatinized Starch Market Size To Worth USD 2.95