Emphasis on Component Type (Refining Sieves, Hydro Cyclones And Centrifuges, Vacuum Filters, Screw Conveyors, Filling Stations); Plant Size Type (Small, Medium, Large); Application Type (Frozen Products, Chips & Snack Pellets, Dehydrated Products and Others); and Region/Country
The Starch Recovery Systems Market was valued at around USD 313 million in 2020 and is expected to grow at a steady rate of around CAGR of 5.5% from 2022 to 2028.
The market for starch recovery systems is anticipated to grow over the future years as a result of potato processing activities and rising snack food consumption, such as frozen potato products. In addition, significant funding of R&D activities in food processing operations by top market players drive the market for starch recovery systems. For instance, in June 2018, Alfa Laval introduced a new disc stack separator called UniDisc. This allows higher flow rate, better separation performance and superior hygiene because it consists of Seamless weld-free caulk design. These rapid product launch is expected to drive the market during the forthcoming years.
Some of the major players operating in the market include GEA Group Aktiengesellschaft; Alfa Laval; Andritz; SiccaDania; Microtec Engineering Group Pty Ltd; Myande Group; G. Larsson Starch Technology AB; Sino-Food Machinery Co, Ltd.; Flo-Mech; Hiller Separation & Process.
Insights Presented in the Report
“Amongst component type, Hydro cyclones and centrifuges category to witness highest CAGR during the forecast period”
Based on component type, the market is segmented into refining sieves, hydro cyclones and centrifuges, vacuum filters, screw conveyors and filling stations. Hydro cyclones and centrifuges category is expected to witness a higher CAGR during the forecast period. Hydro cyclones and centrifuges recovery system mainly used for its multifunctionality and high-yielding qualities by the starch recovery industries. Improved eco-efficiency in potato processing is driving uptake of starch recovery systems and driving up demand for centrifuges and hydrocyclones.
“Amongst application type, frozen products hold a significant share in the market in 2020”
Based on application type, the market is segmented into frozen products, chips & snack pellets, dehydrated products and others. The frozen products segment held a significant share in the market in 2020, due to rise in popularity of frozen potatoes among consumers as they offer variety of flavors and for their extended shelf life, and versatile use. Moreover, rising urbanization and the trend of busy lifestyle is also expected to drive the segmental growth. For instance, World Bank report estimated that 2/3rd of the world population is expected to live in urban areas. Therefore, the increasing population and hectic lifestyle fuel the adoption of frozen type of food.
“North America to be fastest growing in the starch recovery systems market”
North America is expected to grow at a higher CAGR during the forecast period. The market for starch recovery systems is expected to grow in North America due to the presence of numerous major markets in this region. Companies are increasing their footprint in North America by opening new production facilities in this region. For instance, in march 2018, Alfa Laval a Swedish company constructed a new production facility for brazed heat exchange which is used for starch recovery in Virginia, United States. Alfa Laval’s new production facility strengthens the company’s position in the North America market. Thus, the above mentioned factors are driving the regional market during the forthcoming years.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Starch Recovery Systems Market
6. Starch Recovery Systems Market Revenue (usd Bn), 2020-2028f
7. Market Insights By Component Type
8. Market Insights By Plant Size Type
9. Market Insights By Application Type
10. Market Insights By Region
11. Starch Recovery Systems Market Dynamics
12. Starch Recovery Systems Market Opportunities
13. Starch Recovery Systems Market Trends
14. Demand And Supply-side Analysis
15. Value Chain Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Research Methodology for the Starch Recovery Systems Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global starch recovery systems market were the three major steps undertaken to create and analyze the adoption of starch recovery systems market in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global starch recovery systems market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the starch recovery systems market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the starch recovery systems market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as component type, plant size type, and application type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the starch recovery systems market. Further, we conducted factor analysis using dependent and independent variables such as application type, testing type, and material type of starch recovery systems market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the starch recovery systems market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global starch recovery systems market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global starch recovery systems market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of component type, plant size type, and application type in the global starch recovery systems market.
The main objective of the global starch Recovery Systems Market study
The current & future market trends of the global starch recovery systems market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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