The “China Starch and Starch Derivatives Market – Growth, Trends and Forecast (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.
China starch and starch derivatives market is anticipated to register a CAGR of 6.57% during the forecast period (2020-2025).
Abundant raw supplies, integrated supply chain, and diversifying usage of starch across end user industries have been the primary factors boosting the market demand in the country. Furthermore, the demand for native and modified starch in food is increasing with the rising usage in the frozen food sub-segment, which is expected to hold a predominate share in food applications.
Imports of modified food starch in China have been booming in the past years, due to the fact that the quality and the price of foreign products often surpass their Chinese counterparts. FoodChem, Ingredion Inc., Nutrend Biotech Co. Ltd, and COFCO Biochemical Corporation are some of the modified starch manufacturers in the country.
Key Market Trends
Rise In The Price Of White Sugar Is Boosting The Demand For Starch Sugar As Cheaper Alternative Of Sweetener
China’s sugar price increased significantly from USD 821 per metric ton in January 2016 to USD 1,003 per metric ton in December 2016. In 2017, the price remained on a high level, fluctuating around USD 960 per metric ton. Thus, this indicates the rising price of white sugar in the country.
Furthermore, the rising sugar price is corelated with the higher production costs in the middle kingdom, caused by sugarcane prices. Sugar manufacturers, who purchase sugarcane at a price lower than the pre-set price, have to compensate growers for the price difference. Meanwhile, the sugarcane procurement price is correlated to the pre-set tax-included price of sugar. If the actual sugar price is significantly higher than the pre-set price, the actual sugarcane procurement price should also be higher than the pre-set price.
Fast Expansion Of The Delivery Business Is Boosting The Demand For Wrapping Paper
The booming logistics and small house appliance industries have stimulated China’s corn starch business, as this logistics and delivery business offers lucrative opportunities to the small house appliances business. Furthermore, according to the China Starch Industry Association, the national production of corn starch reached historical records in 2017, topping 25.9 million metric ton, up by 15% year-on-year.
The National Bureau of Statistics of China depicted the development of cardboard and paper production in China from 2014 to 2017. In 2017, the production of cardboard and paper reached a total of approximately 125.42 million metric in China, which, in turn, indicated the demand for raw materials used in the production of paper and cardboard. Hence, this is boosting the starch market’s growth in the country.
Competitive Landscape
The market studied is highly fragmented, with many local and international players competing for market shares. Zhucheng Xingmao holds the dominant position in the market. Major players in the market are expanding its overall business in the market through increasing production facilities and acquisitions.
Companies Mentioned
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Cargill Incorporated
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Ingredion Incorporated
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Tereos SA
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Roquette Freres
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ROYAL AVEBE UA
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Tate & Lyle PLC
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Qingdao CBH Co. Ltd
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Xiwang Group
For more information about this report visit https://www.researchandmarkets.com/r/y78ikq
View source version on businesswire.com: https://www.businesswire.com/news/home/20210428005852/en/
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