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A detailed study of the clean label starch market has provided our analysts with the observation of a shift towards the consumption of clean label starch, over the forecast period. The market is primarily driven by a rise in the demand for healthy food products, and increasing vegan population across the globe. According to the International Food Information Council (IFIC), in 2016, 38% of the American population named 'chemicals' as their top food safety concern. This states that a majority of the North American population no longer trusts chemicals and unfamiliar-sounding ingredients. The sale of food and beverages with 'all natural' claims is increasing, and the sales of conventional processed foods or products containing artificial ingredients have stagnated or fallen. Owing to this, it is expected that, the growth trend is expected to be strong for food products that combine clean label, natural, and organic, and also promise environmental sustainability.
Consumers are increasingly shifting their preference towards natural and organic food products, with intense focus on the various health benefits clean label starch offer. Consumers are inclining towards organically produced goods, and this has been dramatically increasing over the last few decades, owing to health consciousness and increasing awareness. The sales of organic food are expected to continue to show double-digit growth during the forecast period. In fact, the demand for organic food is expanding significantly; consumer demand is exceeding some domestic supplies. According to the Organic Trade Association, in 2016, the U.S. organic food market was valued at US$ 43 Bn, an increase by 8% as compared to the previous year. According to USDA, the U.S. now spends more than US$ 1 Bn annually to import organic food. Moreover, the ratio of imported to exported products is around 8:1. In the U.S., organic products are now available in around 20,000 natural food stores, and in 3 out of 4 conventional grocery stores.
The report includes the company profiles of key manufacturers of clean label starch in North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. For market sizing of clean label starch, primarily, we determined the region-wise consumption of starch products through various regional government sources. The clean label starch market, being a fragmented market, we listed down the top 10 key players in the market, and accordingly determined the revenue share allotted for clean label starch products.
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A number of primary and secondary sources were consulted during the course of the clean label starch study. Secondary sources include Factiva and Hoovers, U.S. Food and Agriculture Organization Databases, and company annual reports and publications. This report covers market dynamics related to clean label starches that include the drivers and trends driving each segment, and opportunities in the clean label starch market. The report also includes analysis and insights into the potential of the clean label starch market in specific regions. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, product portfolio of clean label starch manufacturers, and recent developments in the clean label starch market space. Some of the key players analysed are Ingredion Inc., Cargill, Inc., E. I. du Pont de Nemours, Tate & Lyle PLC, Archer Daniels Midland Company, Roquette Frères S.A., Euroduna Food Ingredients GmbH, BENEO GmbH, Kent Corporation, MGP Ingredients, Inc., AGRANA – Beteiligungs AG, Tereos Starch & Sweeteners Iberia Sa, Thai Flour Co., Ltd., Manildra Group, Avebe U.A, Amylco LLC, KMC Kartoffelmelcentralen A.M.B.A, Gulshan Polyols Ltd., and SPAC STARCH PRODUCTS (INDIA) LTD., among other clean label starch manufacturers.
Global Clean Label Starch Market – By Source
Global Clean Label Starch Market – By Form
Global Clean Label Starch Market – By End Use
- Food and Beverages
- Dairy Products
- Soups, Sauces, and Dressings
- Infant Formula
- Convenience Foods
- Snacks and Confectionery
- Paper Industry
- Feed Industry
Global Clean Label Starch Market – By Region
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
The data scrutiny for the global clean label starch market is estimated in terms of value and volume consumption. To arrive at the volume consumption of clean label starches, production data of countries producing raw materials across the globe has been taken into consideration. In addition, the production of application of clean label starch in top producing countries is also tracked for benchmarking purposes. Furthermore, Transparency Market Research estimated volume data on the consumption of clean label starch for several countries by understanding the demand and supply of clean label starch. It includes production, growth, volume and value sales, transition, pricing, population, consumer preference, and consumption of clean label starch among end user verticals.
TMR then determined the volume consumption of clean label starch across various regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Forecasting is done on an internal proprietary model using different macro-economic, industry-based demand driving factors impacting the market and its forecast trends, by identifying and allocating a weighted score to the forecast factors that influence the demand for clean label starch. These factors were the representative of an entire value chain, as well as macro-economic indicators such as production have been taken into consideration to arrive at the volume consumption of clean label starches in respective countries.
The weighted average selling price for clean label starch was considered to estimate the market size for top clean label starch consuming countries. These prices were captured in their respective countries, and then converted into USD to offer forecasts in one consistent currency standard.
Given the characteristics of the market, TMR triangulated the data based on supply side, demand side, and dynamics of the global clean label starch market. To develop the global clean label starch market forecast, TMR analyzed various factors to understand their respective impact on the target market. However, quantifying the market across the abovementioned segments is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.
It is imperative to note that, in an ever-fluctuating economy, we not only provide forecasts in terms of CAGR but also analyze on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand the predictability of the market and identify the right opportunities.
Another key feature of this report is the analysis of the global clean label starch market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global clean label starch market.
To understand key segments in terms of their growth and performance in the global clean label starch market, Transparency Market Research has also presented a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global clean label starch market.
The report covers an in-depth analysis of all components of the value chain in the global clean label starch market. In the final section of the report on the global clean label starch market, a competitive landscape is included to provide a dashboard view of global clean label starch manufacturers.
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