Product Code: ETC8852370 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The starch market, including native and modified starches, supports the food, textile, and pharmaceutical industries. Demand is driven by processed food consumption, while local agricultural production aids raw material supply.
The Philippines Starch Market is benefiting from the increasing demand for starch in various industries, including food and beverages, pharmaceuticals, and textiles. Starch is used in a variety of applications, such as thickening agents in food and adhesives in the textile industry. As the food industry grows and consumer preferences evolve, particularly with a focus on plant-based and organic products, the demand for starch as a natural ingredient continues to rise. Moreover, starch production in the Philippines is also supported by the country`s agricultural capabilities, especially in the production of corn and cassava.
The starch market in the Philippines faces challenges related to the volatility of raw material prices, particularly for key starch sources like corn and cassava. Additionally, limited technological advancements in starch production and processing further limit market growth. The high import dependency for certain types of starch also exposes the market to fluctuations in international trade policies and tariffs.
The Philippines starch market presents opportunities for investment due to the increasing use of starch in food processing, pharmaceuticals, and industrial applications. With a growing demand for processed foods, biodegradable materials, and energy-efficient solutions, the starch market is expanding. Investors can capitalize on the rising use of starch-based products in various industries, particularly in response to consumer demand for natural and sustainable ingredients in food products.
The agriculture sector receives support for cassava and corn production, key sources of starch. The Department of Agriculture and DTI promote agro-processing and local starch manufacturing through subsidies and value-chain enhancement initiatives.