Starch Market size was valued at US$ 59.31 Bn. in 2022 and the total revenue is expected to grow at 5.63% through 2023 to 2029, reaching nearly US$ 87.03 Bn.Starch Market Overview:
Starch is a carbohydrate that is extracted from agricultural raw materials like wheat, potatoes, maize, corn, rice, and cassava. Starch can be used in various applications other than consumables. Demand for starch in the food and beverage industry has seen tremendous growth as it is used in different types of food such as baking, snacks, and beverages. The particular use of starch is for binding purposes and makes particular food like snacks and baked products crispy and tasty. The North American region has the highest usage of starch in various industries which makes it a very competitive market.To know about the Research Methodology :- Request Free Sample Report
Starch Market Dynamics:
Functional properties of starch and its use in the large range of food and beverage industry made the global starch industry grow dynamically. A wide range of food products uses starch as a thickener, Texture agent, and fat-replacing emulsifier. Starch gives thickness to batter And it helps as a gelatin agent in jelly, pudding, and ice cream. High demand for corn starch has created a boom in the global starch market as North America produces Ethanol at a large scale, which has spiked the demand for corn starch globally. Industrial usage of starch in viscosifiers, emulsifiers, and a great defoaming agent. Starch is also used for great textural characteristics and provides gelling and film formation. Pharmaceuticals use starch in capsule bodies and dissolving shells for tablets and antibiotics. Also, it is used in the oral Pharma sector extensively. The Paper industry has boosted the starch industry as demand for the major volume of starch for paper production has increased the overall production of starch in the highest exporting countries. A new trend in the starch industry is biodegradable plastic which is created with starch which has highly dissolving properties help to create a sustainable alternative for plastic. Restraints Starch has evolved from the scientific breakthrough which came at high research and development costs. Applied biotech companies have invested huge expenses into the development of usage and possibilities of starch.Starch Market Segment Analysis:
By Type, Modified starch is the dominating segment in the global starch market and is expected to grow 18.1 billion by 2029. Demand for modified starch in the market has increased due to the growing use of modified starch in food and beverage, and industrial usage globally. Modified starch has increased its stability in excessive heat, acid, shear, and cooling time due to genetic modification. Native starch is derived from organic sources like corn, wheat, potato, and rice which is generally used to produce feedstock.By Source, Corn is the dominating source in the global starch market segment with market size of US$ 18.81 billion in 2022 and expected to grow 34.15 billion by 2029 Corn starch is widely used in a variety of applications such as food and beverage, industrial application, and feedstock. Corn starch is also used in cosmetic and oral pharmaceuticals. Corn starch is a major ingredient used to thicken soup and desserts and starch powder to make food crispy and tasty. Wheat and potatoes extracted starch are used for binding and moisture retention and act as a glazing agent. Corn starch is anticipated to dominate the global starch market.
By Application, Food and Beverage show dominance in the global starch market with more than 60% of the market share. The F & B industry utilizes starch at a large scale in a variety of applications such as feedstock, Bakery products, soups and snacks, chips, and preservative applications in food items. Starch is also used as a food thickener in soups and bakery items. Wide use in the food and beverage industry made it the dominant in the application segment. The pharmaceutical industry has wide adoption of starch in capsule and tablet disintegrant, diluent. Starch is used extensively in the paper industry as well as animal feed. The food and beverage industry is likely to be dominating the global starch market in the coming years.
Starch Market Regional Insights:
North America region dominates the global starch market with a total output of US$ 47.50 billion and starch exports of US$ 1.91 billion globally. North America is the highest user of starch in domestic as well and industrial applications with products like Ethanol, corn sweeteners, corn gluten feed, native corn starch, and modified corn starch. Pregelatinized corn starch and dextrin. Also, it generates a large amount of feedstock of yellow dent corn. Hence the high demand and production of starch supported various industries in North America. The Asia Pacific is the second leading region in the global starch market with the main contribution from China through a total of 170 producers creating 30.1 million tons of starch and 16.3 million tons of deep processing products. India, Pakistan, and other southeast Asian countries are the largest consumer of starch in the Asia Pacific. The European region creates 24 million tons of agricultural natural resources out of which 11 million tons of starch-based products and 5 million tons of protein and fibers with 60% of food and beverage and 40% of industrial application with a total annual output of US$ 8.61 billion. North American region likely to continue the domination in next six years and expected to be the largest exporter in global starch market. The objective of the report is to present a comprehensive analysis of the Global Starch market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Starch Market dynamics, structure by analyzing the market segments and projecting the Global Starch Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Starch Market make the report investor’s guide.Starch Market Scope: Inquire before buying
Starch Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 59.31 Bn. Forecast Period 2023 to 2029 CAGR: 5.63% Market Size in 2029: US $ 87.03 Bn. Segments Covered: by Type Native Modified by Source Corn Wheat Potatoes Tapioca Others by Application Food and Beverage Animal Feed Pharmaceuticals Paper Industry Others Starch Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Starch Market Key Players are:
1. Archer Daniels Midland Company (ADM) 2. Cargill 3. Ingredients 4. Tate & Lyle 5. Roquette Frères 6. Avebe U.A 7. Grain Processing Corporation 8. Emsland 9. AGRANA 10.SMS Corporation 11.Global Bio-Chem Technology Group 12.SPAC Starch 13.Qingdao CBH Company 14.Terms 15.KMC 16.Beneo 17.Angel Starch Food Pvt. Ltd. 18.Shubham Starch Chem Pvt. Ltd. 19.Everest Starch India Pvt. Ltd. 20.Sheekharr Starch Pvt. Ltd. 21.Sanstar Bio-Polymers Ltd. 22.Universal Biopolymers 23.Spanish Starch Technology Ltd. 24.Venus Starch Suppliers 25.Gromotech Agrochem Pvt. Ltd. 26.MGP Ingredients, Inc. 27.Thai Flour Industry Limited 28.Manildra Group 29.Gulshan Polyols LtdFAQ
1] What segments are covered in the Global Starch Market report? Ans. The segments covered in the Global Starch Market report are based on Type, Source, and application. 2] Which region is expected to hold the highest share in the Global Starch Market? Ans. North America region is expected to hold the highest share in the Global Starch Market. 3] What is the Forecast market size of Global Starch Market by 2029? Ans. The market size of the Global Starch Market by 2029 is US $ 87.03 Bn. 4] Who are the top key players in the Global Starch Market? Ans. Archer Daniels Midland Company (ADM), Cargill, Ingredion, Tate & Lyle Roquette Frères, Avebe U.A, Grain Processing Corporation, Emsland ,AGRANA, SMS Corporation, Global Bio-Chem Technology Group, SPAC Starch, Qindao CBH Company, Tereos,KMC, Beneo, Angel Starch Food Pvt. Ltd., Shubham Starch Chem Pvt Ltd., Everest Starch India Pvt Ltd., Sheekharr Starch Pvt Ltd., Sanstar Bio-Polymers Ltd., Universal Biopolymers, Sonish Starch Technology Ltd., Venus Starch Suppliers, Gromotech Agrochem Pvt. Ltd., MGP Ingredients, Inc., Thai Flour Industry Limited, Manildra Group, Gulshan Polyols Ltd 5] What was the market size of the Global Starch Market in 2022? Ans. The market size of the Global Starch Market in 2022 was US $ 59.31 Bn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Starch Market Size, by Market Value (US$ Mn) 3.1. Market Segmentation 3.2. Market Segmentation Share Analysis, 2022 3.2.1. 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Global Starch Market 3.4. Geographical Snapshot of the Global Starch Market, By Manufacturer share 4. Global Starch Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porter Five Forces Analysis 4.1.6.1. The threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. The threat of Substitute Products 4.1.6.5. The intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Starch Market 5. Supply Side and Demand Side Indicators 6. Global Starch Market Analysis and Forecast, 2022-2029 6.1. Global Starch Market Size & Y-o-Y Growth Analysis. 7. Global Starch Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. Native 7.1.2. Modified 7.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 7.2.1. Corn 7.2.2. Wheat 7.2.3. Potatoes 7.2.4. Tapioca 7.2.5. Others 7.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.3.1. Food and Beverage 7.3.2. Animal Feed 7.3.3. Pharmaceuticals 7.3.4. Paper Industry 7.3.5. Others 8. Global Starch Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Global Starch Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 9.1.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 9.1.2. Native 9.1.3. Modified 9.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 9.2.1. Corn 9.2.2. Wheat 9.2.3. Potatoes 9.2.4. Tapioca 9.2.5. Others 9.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.3.1. Food and Beverage 9.3.2. Animal Feed 9.3.3. Pharmaceuticals 9.3.4. Paper Industry 9.3.5. Others 10. North America Global Starch Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Global Starch Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Global Starch Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Global Starch Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Global Starch Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Global Starch Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Global Starch Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Global Starch Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Global Starch Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Global Starch Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Global Starch Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20.4. Market Size (Value) Estimates & Forecast By End-users, 2022-2029 21. Sweden Global Starch Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Global Starch Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Global Starch Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Global Starch Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Global Starch Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Global Starch Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Global Starch Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Global Starch Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Global Starch Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Global Starch Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Global Starch Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Global Starch Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Global Starch Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Global Starch Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Global Starch Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Global Starch Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Global Starch Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Global Starch Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Global Starch Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Global Starch Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Global Starch Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Global Starch Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Global Starch Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Global Starch Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Starch Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications, and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment, and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Archer Daniels Midland Company (ADM) 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Cargill 45.3.3. Ingredients 45.3.4. Tate & Lyle 45.3.5. Roquette Frères 45.3.6. Avebe U.A 45.3.7. Grain Processing Corporation 45.3.8. Emsland 45.3.9. AGRANA 45.3.10. SMS Corporation 45.3.11. Global Bio-Chem Technology Group 45.3.12. SPAC Starch 45.3.13. Qindao CBH Company 45.3.14. Tereos 45.3.15. KMC 45.3.16. Beneo 45.3.17. Angel Starch Food Pvt. Ltd. 45.3.18. Shubham Starch Chem Pvt. Ltd. 45.3.19. Everest Starch India Pvt. Ltd. 45.3.20. Sheekharr Starch Pvt. Ltd. 45.3.21. Sanstar Bio-Polymers Ltd. 45.3.22. Universal Biopolymers 45.3.23. Sonish Starch Technology Ltd. 45.3.24. Venus Starch Suppliers 45.3.25. Gromotech Agrochem Pvt. Ltd. 45.3.26. MGP Ingredients, Inc. 45.3.27. Thai Flour Industry Limited 45.3.28. Manildra Group 45.3.29. Gulshan Polyols Ltd 45.3.30. 45.3.31. Other Key Players 46. Primary Key Insights