| Product Code: ETC8852370 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines saw a continued reliance on starch imports in 2024, with top exporters being Thailand, Indonesia, Denmark, Vietnam, and the Netherlands. The market displayed a significant increase in concentration levels, indicating a highly competitive landscape. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 remained strong at 7.46%. This data suggests that while the market faced challenges in the short term, it continued to expand steadily over the past few years.

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.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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