Arrowroot Starch Market Is Set To Reach 2.6 Billion By 2033, Growing At A CAGR Of 3.6

Key Insights

The size of the Arrowroot Starch Market market was valued at USD 2.6 Billion in 2023 and is projected to reach USD 3.33 Billion by 2032, with an expected CAGR of 3.6% during the forecast period.  Surge in demand for gluten-free foods, rising awareness about the nutritional benefits of arrowroot starch, and expanding application in the food and beverage industry are key factors driving the market growth. Additionally, government initiatives promoting cultivation of arrowroot plants and technological advancements in extraction processes are further contributing to the market's growth. Key players in the market include Bob's Red Mill, Authentic Foods, NOW Foods, and Tropical Traditions. The arrowroot starch market primarily deals with the manufacture and distribution of starch obtained from the roots of the arrowroot plant, Maranta arundinacea. Known for its gluten-free, easily digestible, and non-GMO properties, arrowroot starch is in high demand across various industries. In the food industry, it is used as a thickening agent in sauces, soups, and desserts, thus making it an excellent substitute for cornstarch for gluten-free cooking. It is also used in pharmaceuticals as a binder in tablets and in medicinal powders, while in the cosmetics industry, it finds application in skincare and personal care products due to its absorbent and non-irritating qualities. In addition, arrowroot starch is used as a stiffening agent in textile manufacturing and as a raw material for eco-friendly adhesives and paper products. The versatile uses of arrowroot starch also create several market-related challenges. Lack of awareness in some areas makes it unexploited, while dependence on particular geographic areas for raw materials increases supply chain interruptions. Arrowroot starch is further subjected to fierce competition from alternative starches, including corn, tapioca, and potato starches, as these are much more readily available. Seasonal changes also affect prices, while the labor-intensive extraction process necessary to preserve product quality increases the difficulty in production. Several major players command the market by innovation and distribution. Archer Daniels Midland Company, Ingredion Incorporated, and Tate & Lyle PLC lead in offering diversified starch solutions, while other companies such as Herbal Creations and Bob's Red Mill Natural Foods specialize in natural and gluten-free products. The growing demand for clean-label and natural products is the driving force behind market growth, and challenges like the efficiency of supply chains and growing awareness must be addressed for it to sustain its growth. The arrowroot starch market will grow when it meets the rising consumer preference for healthier and environmentally friendly alternatives.

Arrowroot Starch Market Concentration & Characteristics

The arrowroot starch market exhibits moderate concentration with several major players holding a significant market share. The market is characterized by innovation, particularly in extraction and purification technologies, to enhance the quality and functionality of arrowroot starch. Government regulations on food safety and labeling impact the market, ensuring the quality and safety of the product. The market has limited product substitutes, with tapioca starch and corn starch being the primary alternatives. End-user industries exhibit moderate concentration, with the food and beverage industry being the dominant consumer. The level of M&A activity in the market is relatively low.

Arrowroot Starch Market Trends

Key market trends include the increasing demand for organic arrowroot starch, driven by growing consumer preference for natural and healthy ingredients. Functional arrowroot starch with enhanced properties tailored to specific applications is gaining traction. E-commerce platforms are expanding their offerings of arrowroot starch, providing convenience and accessibility to consumers. Rising awareness about the versatility and nutritional benefits of arrowroot starch in food and non-food applications is another notable trend.

Key Region or Country & Segment to Dominate the Market

Asia Pacific is the largest market for arrowroot starch, with China and India being the key contributors. The Organic segment is projected to witness significant growth, driven by rising consumer demand for natural and unprocessed ingredients. The Food and Beverage application segment dominates the market and is expected to continue its growth trajectory.

Arrowroot Starch Market Product Insights Report Coverage & Deliverables

The Arrowroot Starch Market Product Insights Report provides comprehensive coverage of the market, including market size, market share, and growth projections. It analyzes key market segments, growth drivers, challenges, and emerging trends. The report provides detailed insights into product pricing, distribution channels, and end-user industries.

Arrowroot Starch Market Analysis

The arrowroot starch market is analyzed in terms of market size, market share, and growth for each segment and sub-segment. The analysis considers historical data and current market trends to project future market growth.

Arrowroot Starch Market Regional Insights

• North America: U.S., Canada
• Europe: Germany, UK, France, Spain, Italy
• Asia Pacific: China, Japan, India, Australia, South Korea, Indonesia, Malaysia
• Latin America: Brazil, Mexico, Argentina
• Middle East & Africa: South Africa, Saudi Arabia, UAE, Egypt

Driving Forces: What's Propelling the Arrowroot Starch Market

• Growing demand for gluten-free foods
• Rising awareness of nutritional benefits
• Expanding applications in food and beverage
• Government support for arrowroot cultivation
• Technological advancements in extraction processes

Challenges and Restraints in Arrowroot Starch Market

• Limited availability of raw materials
• Fluctuating prices of raw materials
• Competition from alternative starch sources
• Stringent government regulations

Emerging Trends in Arrowroot Starch Market

• Organic arrowroot starch
• Functional arrowroot starch
• E-commerce penetration
• Rising awareness of versatility and benefits

Arrowroot Starch Industry News

• In 2022, Bob's Red Mill launched organic arrowroot starch, catering to the growing demand for gluten-free ingredients and healthy cooking.

Leading Players in the Arrowroot Starch Market

• Bob's Red Mill
• Authentic Foods
• NOW Foods
• Tropical Traditions
• Nature's Way
• Frontier Co-op
• Pure Organic Ingredients
• Health Garden USA
• Anthony's Goods
• Thrive Market
• Arrowhead Mills
• Let's Do...Organic
• Bob's Best Quality
• Barry Farm Foods
• Bulk Barn

Arrowroot Starch Market Segmentation

• 1. Type
  • 1.1. Organic
  • 1.2. Conventional
• 2. Application
  • 2.1. Food and beverages
  • 2.2. Pharmaceuticals
  • 2.3. Nutraceuticals
  • 2.4. Textile
  • 2.5. Industrial
  • 2.6. Others
• 3. Distribution Channel
  • 3.1. Retail stores
  • 3.2. Online retail

Arrowroot Starch Market Segmentation By Geography

• 1. North America
  • 1.1. U.S.
  • 1.2. Canada
• 2. Europe
  • 2.1. Germany
  • 2.2. UK
  • 2.3. France
  • 2.4. Spain
  • 2.5. Italy
• 3. Asia Pacific
  • 3.1. China
  • 3.2. Japan
  • 3.3. India
  • 3.4. Australia
  • 3.5. South Korea
  • 3.6. Indonesia
  • 3.7. Malaysia
• 4. Latin America
  • 4.1. Brazil
  • 4.2. Mexico
  • 4.3. Argentina
• 5. Middle East & Africa
  • 5.1. South Africa
  • 5.2. Saudi Arabia
  • 5.3. UAE
  • 5.4. Egypt