Arrowroot Starch Sales Set to total USD 4.2 billion by 2034 amid Growing Demand for Gluten-free Products Globally | Future Market Insights, Inc.
The United States industry is projected to grow at a CAGR of 4.4% from 2024 to 2034. rrowroot starch is naturally gluten-free and hypoallergenic, making it an attractive option for individuals with celiac disease, gluten sensitivity, or other allergies. The increasing awareness of gluten-related health issues has driven demand for gluten-free alternatives in various food products.
NEWARK, Del, July 11, 2024 (GLOBE NEWSWIRE) -- The global arrowroot starch market value is anticipated to total USD 2.8 billion in 2024 and USD 4.2 billion by 2034. Global demand for arrowroot starch is likely to increase at a CAGR of 4.1% during the forecast period.
Demand remains particularly high for organic arrowroot starch owing to its growing demand for natural and clean-label products. The target segment accounted for a revenue share of 62% in 2023 and is set to experience steady growth through 2034.
Several factors are expected to fuel the growth of the arrowroot starch industry during the assessment period. These include increasing demand for natural and gluten-free products and expanding applications of arrowroot starch in industries like food and beverage and pharmaceuticals.
There is a spike in celiac disease cases across nations like the United States, China, and the United Kingdom. For instance, it is estimated that around 1% of the American population has celiac disease.
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The growing incidence of celiac disease is generating a higher demand for gluten-free products. This, in turn, is likely to boost sales of arrowroot starch and, consequently, the target industry.
Arrowroot starch is becoming an ideal alternative to traditional wheat-based starches owing to its gluten-free nature. Thus, as the demand for natural and gluten-free products continues to surge, so will sales of arrowroot starch.
Increasing usage of arrowroot starch in food and beverage applications is set to fuel market growth. This natural substance is widely used as a stabilizer and thickening agent in sauces, soups, confectionery, and bakery items.
Growing awareness about the benefits of arrowroot starch is another key factor propelling demand. Similarly, expanding applications in pharmaceutical as well as cosmetics and personal care industries are likely to benefit the industry.
Key Takeaways from the Market Report:
- The global market is set to reach USD 4.2 billion by 2034, registering a 4.1% CAGR.
- Based on type, the organic segment is set to advance at a CAGR of 3.9% through 2034.
- By application, the food and beverages segment dominated the industry with a share of 41% in 2023.
- China is forecast to record a CAGR of 4.8% between 2024 and 2034.
- Revenue in the United States is anticipated to total USD 749.1 million by 2034.
“The versatility of arrowroot starch is expanding its applications in various products, ranging from food and beverages to pharmaceuticals. This is expected to boost market growth through 2034.” says Nandini Roy Choudhury, Client Partner at Future Market Insights
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Who is Winning?
Companies are also directing investments in research to explore new applications of arrowroot starch. Similarly, strategies like acquisitions, facility expansions, partnerships, mergers, and distribution agreements are becoming popular among players.
Leading Arrowroot Starch Brands
- Bob's Red Mill
- NOW Foods
- Authentic Foods
- Nature's Way
- Tropical Traditions
- Pure Organic Ingredients
- Frontier Co-op, Anthony's Goods
- Health Garden USA
- Arrowhead Mills
- Barry Farm Foods
- Let's Do...Organic.
Industry Updates:
In February 2024, the Dove Men+Care Whole Body Deo Stick was launched. Containing arrowroot powder, the deo stick aims to reduce chafing.
Want More Insights?
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global arrowroot starch market presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.
The study incorporates compelling insights based on type (organic and conventional), application (food and beverages, pharmaceuticals, nutraceuticals, textile, and others), and distribution channel (retail stores and online retail) across various regions.
Key Segments of Market Report
By Application:
Based on application, the arrowroot starch market can be segmented into food and beverages, pharmaceuticals, nutraceuticals, textile, and others.
By Type:
Based on type, the industry can be bifurcated into organic and conventional.
By Distribution Channel:
Based on the distribution channel, the arrowroot starch market is categorized into retail stores and online retail.
By Region:
The sector has been analyzed in key countries of North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.
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About the Food & Beverage Division at Future Market Insights (FMI)
FMI's Food & Beverage team offers comprehensive business intelligence services, with a vast array of reports and data points analyzed across 50+ countries over a decade. The team provides consulting services and end-to-end research, offering expert analysis, actionable insights, and strategic recommendations to clients worldwide. Contact them to explore how they can assist with your unique business intelligence needs.
Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
Explore FMI’s related ongoing Coverage in the Food and Beverage Domain:
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