Arrowroot Starch Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1596
Global Arrowroot Starch Market size is anticipated to grow exponentially between 2017 and 2024 owing to its health benefits. It also has multiple and varied applications in end-user industries of food & beverages, pharmaceuticals, and health care.
Arrowroot is a starch extracted from rootstock of plants such as manihot esculenta, zamina integrifolia, and maranta arundinacea. It is also retrieved from rootstock of rhizomes. It is used as a substitute of corn starch and is gluten free. Arrowroot starch acts as a thickener in cooking various food products such as sauces, gravies, stews and soups. Additionally, it is used as binder and eggs substitute in vegetarian products including vegetarian loafs and burgers. It gels and thickens with other food ingredients to ensure a binding effect. Consumption of the product is increasing in desserts and baking products that includes pie fillings, puddings, custards, and creams to provide them body and structure. Confectionary industry is growing at a significant pace with Japan registering a market size of over USD 9 billion in 2016. Positive outlook of this industry is likely to propel arrowroot starch market in the forecast timeframe.
The compound consists of high amount of protein as compared to other food sources like plantains, yarn, potato and cassava. It has high level of B-complex vitamins group and possess low calories. B-complex vitamin group include riboflavin, thiamin, pantothenic acid, niacin, and pyridoxine. Thus, arrowroot starch can be used as a rich source of vitamin with low calories in various food products. Global food & beverage industry was valued over USD 14 trillion in 2015 and is projected to foster in the forecast period, this in turn would boost arrowroot starch market.
Arrowroot starch offers many health benefits by tackling various issues such as digestion, weight loss problems, developments and growth issues, stomach concerns, birth defects, metabolic processes, and body circulation issues. It also improves heart heath, prevents anemia, alleviates gastrointestinal discomfort, eliminates diarrhea and constipation, manages diabetes, prevent neural tube defect, and boost body energy level. It consists high potassium levels that eases tension in arteries and blood vessels, this lowers blood pressure and reduces risk of strokes, heart attacks and atherosclerosis. Cardiovascular diseases are considered as leading cause of death rate worldwide and accounts for death of nearly 17.3 million people every year. Increasing concerns for these diseases is expected to grow arrowroot starch market in near future.
Based on source, the market is segmented as manihot esculenta, curcuma angustifolia, zamia integrifolia, and maranta arundinacea. Various applications of the product include substitute of corn starch, thickener, binder, vitamin source, lowering blood pressure and others. These applications serve end-user industries such as food & beverages, pharmaceuticals, and health care.
Europe will contribute significantly in global arrowroot starch market till 2024 owing to its food and beverage industry. Spain, Italy and France are witnessing increasing number of tourists every year due to which catering and restaurants industry has flourished in the region in past five years. Asia Pacific is growing substantially in arrowroot starch market due to its surging confectionary industry. China is considered as second largest confectionary market in the region after Japan generating revenue of over USD 9.4 billion in 2015. Product is consumed considerably in confectionary food items such as desserts and baking goods. North America is projected to have a noteworthy share in the market due to its increasing number of cardiovascular diseases. Nearly 85 million U.S. citizens are suffering from some or other cardiovascular problems that later on leads to heart attack or strokes.
Prominent manufactures in global arrowroot starch market include The Sundaram Overseas Operation, Aryan International, Bramble Berry, Azure, Great American Spice Company, Sainsbury's, Mountain Rose Herbs, Britannia Industries Limited, Bob’s Red Mill Natural Foods, Avebe U.A., and Archer Daniels Midland Company (ADM).
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