Global Starch Derivatives Market Set to Reach USD 68.4 Billion by 2028, Fueled by Growing Demand for Sustainable Ingredients and Processed Foods

According to a research report published by MarketsandMarkets, the starch derivatives market is poised to reach USD 68.4 billion by 2028, experiencing a CAGR of 3.4% from USD 57.9 billion in 2023. This growth is attributed to the rising demand for processed foods, pharmaceuticals, and sustainable ingredients, coupled with ongoing innovations in starch-based products and applications.

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Key Market Trends:

Convenience and Eco-Friendly Packaging Driving Growth:

The starch derivatives market is expanding due to increased demand for convenience and ready-to-eat foods, coupled with a shift towards eco-friendly packaging solutions.

Focus on Sustainability and Clean Label:

The industry is actively promoting sustainable sourcing practices, responsible supply chain management, and eco-friendly production. Clean-label starch derivatives, with fewer additives, address the increasing demand for transparency in consumer choices.

Health and Wellness Trends:

Starch derivatives play a crucial role in responding to the health and wellness trend by reducing fat and sugar content in processed foods, catering to health-conscious consumers.

Innovative Packaging with 3D Printing:

Adoption of 3D printing for innovative packaging, using starch-based biodegradable materials, represents a significant paradigm shift towards sustainable and aesthetically appealing packaging in the food and beverage sector.

Asia-Pacific Emerging as a Key Market:

The Asia-Pacific region is experiencing significant growth, driven by the increasing preference for gluten-free and reduced-calorie products. Post-COVID, heightened health consciousness is a prominent trend, and starch derivatives play a pivotal role in meeting the demand for healthier food options.

Corn Leading the Market:

In starch derivatives, corn takes the lead due to its high starch content and clean-label consumer preference. The United States witnesses a surge in demand for non-GMO corn varieties, aligning with consumer preferences for non-GMO and clean-label products.

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Dominance of Asia-Pacific:

Asia Pacific dominates the starch derivatives market, fueled by the presence of major market players, a large and growing population, and government support. The region's prominence is reinforced by its role as a hub for starch-rich crop cultivation, ensuring a consistent and cost-effective supply of raw materials.

Key Market Players:

Key players in the starch derivatives market include Cargill, Incorporated (US), ADM (US), Tate & Lyle PLC (UK), Ingredion Incorporated (US), AGRANA Beteiligungs-AG (Austria), Roquette Freres (France), and others.

In summary, the starch derivatives market is experiencing robust growth driven by evolving consumer preferences, sustainability initiatives, and innovations in product applications.

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This release was published on openPR.