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THAILAND INDUSTRIAL STARCH MARKET
KEY FINDINGS
The Thailand industrial starch market is currently experiencing robust growth due to increasing demand from multiple sectors such as food and beverages, paper production, and textiles. One of the primary drivers of this growth is the widespread availability of cassava, which serves as the principal raw material for starch production. The country’s well-established agricultural infrastructure and advancements in processing technologies have further strengthened its competitive position in the global market.
Despite its growth potential, the market faces challenges such as raw material price fluctuations, particularly cassava, which is vulnerable to environmental changes. However, technology is playing a crucial role in overcoming these challenges. Innovations in starch modification and processing are enhancing the functionality and efficiency of starch products, making them suitable for a broader range of applications. This shift is especially notable in industries like adhesives, coatings, and bio-plastics, where performance requirements are stringent.
The Thailand industrial starch market encompasses the production, processing, and distribution of starch products derived primarily from cassava and corn. These starches serve as essential ingredients in various industrial applications, ranging from food production to paper manufacturing. As Thailand is one of the world’s leading producers of cassava, the country plays a significant role in the global starch industry.
There are different types of starch available in the market, including native starch, modified starch, and resistant starch. Native starch is unprocessed and used in industries such as food and textiles. Modified starch is treated to enhance its properties for specific uses like adhesives and paper. Resistant starch is emerging in the food industry due to its health benefits.
In terms of applications, industrial starch is utilized in sectors such as food and beverages, paper, textiles, and pharmaceuticals. In food, it acts as a thickener and stabilizer, while in paper production, it improves paper quality and strength. The textile industry uses starch for fabric finishing, and pharmaceuticals use it in tablet formulations.
The benefits of industrial starch include versatility, biodegradability, and the ability to enhance product quality across various industries. However, challenges such as price volatility of raw materials and environmental concerns regarding cassava farming practices persist. Addressing these challenges requires investment in sustainable production methods and technological advancements.
The Thailand industrial starch market was valued at USD 1.2 billion in 2023 and is expected to reach USD 1.9 billion by 2030, growing at a CAGR of 5.8%. The market’s growth is attributed to the increasing demand for starch in the food and beverage industry, along with rising adoption in non-food sectors such as paper, adhesives, and textiles. The development of bio-based starch products and eco-friendly packaging solutions is also expected to contribute to future growth.
Technological advancements in starch modification are shaping the market by enabling the production of high-performance starches for specific industrial applications. Modified starches with enhanced properties are increasingly used in the textile, paper, and adhesive industries. Another significant trend is the shift towards sustainable starch production methods, driven by global concerns over environmental sustainability. This has led to the development of bio-based and biodegradable starch products, especially for packaging. Consumer preferences are also evolving, with increasing demand for clean-label and natural ingredients in food products, which is boosting the market for native starch.
