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The Starch Derivatives Market is Anticipated to Witness High Growth Owing to Wide Applications in Food and Beverage Industry

The Starch Derivatives Market is Anticipated to Witness High Growth Owing to Wide Applications in Food and Beverage Industry

The starch derivatives market is used in a variety of food and non-food industries including food and beverages, feed, paper, pharmaceuticals, and textiles. Starch derivatives are used in food applications to improve texture, stability, and volume. They play an important role in the food industry as thickeners, emulsifiers, binders, and stabilizers. Starch derivatives are also widely employed in the paper industry for surface treatment and sizing to enhance paper quality and provide strength. The growing food processing industry and increasing consumption of packaged and convenience foods is expected to drive the demand for starch derivatives in the coming years.

The Global starch derivatives market is estimated to be valued at US$ 76.73 Bn in 2024 and is expected to exhibit a CAGR of 3.5% over the forecast period.

Key Takeaways

Key players operating in the starch derivatives market are Cargill, Incorporated, ADM, Tate & Lyle PLC, Roquette freres, AGRANA Beteiligungs-AG, Ingredion Incorporated, Green Processing Corp. (GPC), Avebe, Emsland Group, Foodchem International Corporation, Sukhjit Starch & Chemicals Ltd., Universal Starch Chem Allied Ltd, Primient, SPAC Starch Products (India) Private Limited, JP&SB International, Matsutani Chemical Industry Co., Ltd, Crespel & Deiters Group, SMSCor., Manildra Group, and KMC. The key players are focusing on new product launch, expansion, mergers, and acquisitions to gain a competitive advantage in the market.

The Starch Derivatives Market Size provides ample opportunities for players in the form of expansion in emerging countries. There is high growth potential in Asia Pacific region owing to increasing demand from food processing industry in China and India. Players can leverage opportunities through partnerships with local players and setting up manufacturing units in Asia Pacific countries.

Players are expanding globally to cater to the growing demand for starch derivatives across industries. They are focusing on regions including North America, Europe, Asia Pacific, Middle East and Africa through partnerships and mergers and acquisitions.

Market Drivers and Restrains

One of the key drivers for the starch derivatives market is wide applications in food and beverage industry. Starch derivatives are widely used as thickeners, stabilizers, emulsifiers and binders in food products. They help improve texture, stability and volume of various foods. Growing processed and packaged food industry is driving the demand.

Another major driver is use of starch derivatives in non-food industries like paper, pharmaceuticals, construction and textiles. Properties like film forming, bulking and adhesiveness make them useful in these industries. Increasing demand from end use industries is propelling the market growth.

However, stringent regulations regarding use of starch derivatives may hamper the market growth. Properties like allergenicity associated with some derivatives also act as a restraint. Fluctuations in raw material prices also pose a challenge.

Segment Analysis

Starch derivatives market is segmented into maltodextrin, glucose syrups, hydrolysates, modified starch, and others. Modified starch segment dominates the market as it has wider applications in manufacturing industries like textiles, paper, pharmaceuticals, cosmetics etc. modified starch with its ability to act as a thickening, stabilizing or emulsifying agent make it ideal for use in various food and industrial applications like coating tablets, providing texture in soups and sauces. Modified starches have low pH stability which makes them suitable for wide use.

Global Analysis

Asia Pacific region dominates the global starch derivatives market with China, India, Japan being the major contributors. Easy availability of raw materials like corn and wheat, presence of emerging economies with growing food processing industries drive the market growth in this region. North America is the second largest market led by U.S. due to established food manufacturing sector. Development of novel applications of starch derivatives in pharmaceutical industry is expected to boost the market in Europe over the forecast period. Latin America and Middle East regions exhibit lucrative opportunities for market players due to increasing health awareness.

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