Top 7 Companies in the Global Starch Syrup Market

Tate & Lyle PLC, Cargill Inc., Tereos Internacional SA, Archer Daniels Midland Company, Tongaat Hulett Starch, Manildra Group, and Roquette Frères, among others, are the significant players in the global market for starch syrup.

As per the analysis by Expert Market Research, the global starch syrup market is expected to grow at a CAGR of 4% in the forecast period of 2023-2028, driven by increasing health consciousness of consumers.

The demand for natural components over synthetic ones is increasing as a result of consumers' increased health consciousness, propelling the starch syrup industry. In the pharmaceutical, brewing, food and beverage industries, starch syrup is used as a natural thickening and sweetener. Growth is faster in emerging countries due to the rising consumer disposable incomes and an increase in demand for processed foods.

Also, the growing distribution channels and popularity of online platforms are leading to increased sales of end-use goods such as bars, snacks, jams, and cereals, which are supporting the starch syrup market. The increasing demand for vegan goods is anticipated to boost the use of starch syrup in different formulations during the forecast period. This is anticipated to benefit the market growth globally.

In May 2021, ADM stated its plan to develop the first specialised soybean crushing and refining facility in the United States’ North Dakota to fulfil the rapidly expanding demand from food, feed, industrial, and biofuel clients, including manufacturers of renewable diesel. Additionally, ADM intends to spend around USD 25 million to increase refining and storage capacity at its crush and refining plant in Illinois, accelerating the starch syrup market growth.

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Top 7 Global Starch Syrup Companies:

Tate & Lyle PLC

With its corporate headquarters in the United Kingdom, Tate & Lyle PLC is a global supplier of food and beverage ingredients to industrial sectors. It began as a corporation that refined sugar but started to diversify in the 1970s, eventually getting out of the sugar business in 2010. It is a pioneer in the production of ingredients that improve the flavour, texture, and nutritional value of meals and beverages from raw materials like maize and tapioca.

Cargill Inc.

Cargill is a privately held global food conglomerate with its headquarters in the United States. By revenue, it is the largest privately owned company in the country. The main businesses of Cargill are the trading, buying, and distribution of grains and other agricultural products like palm oil; the trading of energy, steel, and transportation; the raising of livestock and feed production; and the production of food ingredients like vegetable oils, starch and glucose syrup, and fats for use in processed foods and industrial applications.

Tereos Internacional SA

Tereos is a cooperative conglomerate that focuses on the starch, sugar, and alcohol industries that utilise processed agricultural raw materials. With more than 12,000 farmer partners, Tereos has renowned experience in the processing of cassava, sugar beet, potatoes, sugarcane, wheat, corn, and alfalfa. In 155 nations, the group sells alcoholic beverages, sugar, and starches.

Archer Daniels Midland Company

The Archer-Daniels-Midland Company, also known as ADM, is an international business that specialises in the trade of commodities and the processing of food. Cereal grains and oilseeds are processed at the company's more than 270 plants and 420 crop procurement sites across the world, into goods that are used in the food, beverage, nutraceutical, industrial, and animal feed industries.

Tongaat Hulett Starch

An agricultural and agri-processing business, Tongaat Hulett uses maize and sugarcane as feedstocks. Tongaat, a town in KwaZulu-northern Natal's region, is where the company was established. Tongaat Hulett produces a variety of refined carbohydrate products from sugarcane and maize, with many products being interchangeable, through its sugar and starch operations.

Manildra Group

The Manildra Group is an Australian family-owned farm company. They are committed to regional development, employing over 1,000 people in rural Australia and a global workforce. Manildra Group is also responsible for goods' manufacturing and distribution. Their manufacturing, research & development, and sales operations are based in Australia and the United States. Customers of all sizes, from local bakeries to large enterprises with some of the most recognisable brands in the world, are supplied with its Australia-made ingredients.

Roquette Freres

Roquette is a family-owned firm established in France that manufactures over 650 by-products from starch extracted from potatoes, maize, wheat, and peas. Roquette has risen to become a market leader in Europe and additionally, is a global leader in the manufacture of polyols, or substances derived from food compounds.

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