Driven vastly by the F&B industry, the starch derivatives market is growing at an expected CAGR of 5.7%. Cosmetics and paper industries are other two prime end user segments where the demand for starch derivatives is noted to be rising. Glucose syrup is one of the most demanded types of starch derivative which contributes to a huge share of the global market. Growing awareness on the functional benefits of these additives along with increased use in R&D provides impetus to the demand and supply rate in the pharmaceutical industry. According to IndustryARC future forecast, glucose syrup is projected to have the highest market share owing to its excessive use in F&B market. Starch derivatives are used as stabilizers, thickeners, sugar replacers, and for other functions in the food and beverage industry.
Apart from the expected growth in the market demand for sweeteners in various food items such as bakery & confectionary, carbonated & energy drinks is expected to propel growth during the upcoming forecast years, the government is taking necessary actions like stringent regulations which are encouraging the use of natural ingredients across various sectors including pharmaceutical, textile, fermentation and cosmetics. However, fluctuating prices of raw materials coupled with high R&D cost is expected to be a major restraint affecting growth over the forecast period.
Rising consumer demand for food and beverages, pharmaceutical and personal care products in Latin America and Middle East & Africa is expected to propel demand for the product over the next seven years. Moreover, improving economic conditions in the region owing to rapid industrial growth is expected to be the prominent propellants. In addition, increasing urbanization and changing consumer lifestyle is expected to increase demand for packaged foods which in turn is anticipated to propel demand for starch derivative industry over the projected period.
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IndustryARC’s market research report on Starch Derivatives Market includes various types and sub segments of the product with in detail description and analysis of all of them as per derived and studied by market experts. The deciding factors for the same would be:
- By Application: F&B, Cosmetics, Paper, Animal Feed, Bio-Ethanol, Pharmaceuticals and Other Industrial Applications.
- By Type: Maltodextrins, Cyclodextrins, Glucose Syrup, Hydrolysates and Modified Starch.
- By Geography: North America, Europe, APAC and ROW.
Few/all of the above types are each further divided into smaller types with each of the segments and sub segments being explained in depth in this market research report on Starch Derivatives Market.
IndustryARC has analyzed more than 40 top players of the Starch Derivatives Market with few being:
- Tate & Lyle PLC
- Archer Daniels Midland Company
- Cargill Inc.
- Rouquette Group
- Grain Processing Corporation
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