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Starch Derivatives Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Ingredion Incorporated, Tate & Lyle Inc., Roquette Frères SA, Beneo GmbH, Penford Corporation,
Starch Derivatives Market Size
The Business Research Company offers in-depth market insights through Starch Derivatives Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The starch derivatives market size has grown steadily in recent years. It will grow from $62.31 billion in 2023 to $65.41 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to increased demand in food and beverage industry, expansion of processed food industry, consumer awareness about health and nutrition, availability and accessibility of raw materials, government regulations and policies.
The starch derivatives market size is expected to see strong growth in the next few years. It will grow to $80.51 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to increasing applications in non-food industries (pharmaceuticals, textiles, etc.), growing demand for clean label and natural ingredients, rising adoption of plant-based and gluten-free diets, emerging markets and urbanization, increasing disposable income. Major trends in the forecast period include functional and specialty starches, sustainable sourcing and production, continuous research and development, customization and tailored solutions, technological advancements in processing.
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Market Segmentation:
The main types of starch derivatives are glucose syrup, modified starch, maltodextrin, hydrolysates, and cyclodextrin, manufactured by using raw materials such as corn, cassava, potato, and wheat. The forms of starch derivatives available are dry and liquid. The starch derivatives are used in binder, thickener and stabilizer, sweetener, lustering agent, powdering agent, fish culture feed, expanded feed, caking agent, dehumidification agent and is used food and beverage industry, medical industry, chemical industry, personal care and hygiene industry, and paper and pulp industry.
Major Driver - Surging Demand For Convenience And Processed Foods Fuels Starch Derivatives Market Growth
The growing demand for convenience and processed food is expected to fuel the growth of the starch derivatives market in the forecast period. Convenience food and processed food is a tertiary packaged food or food that is intended to reduce consumer time in the kitchen, lower expenses related to wastage, and minimize costs by economies of scale. Over the years, starch derivatives have appeared as a key successful environmentally friendly product, acting as a binding and gelling agent. There has been a significant rise in the demand for starch throughout the food and beverage sector due to rising sugar values. For instance, the global processed snacks market is expected to increase from $96.9 billion in 2020 to $142.0 billion by 2025. Therefore, the growing demand for convenience and processed food drives the growth of the starch derivatives market.
Competitive Landscape:
Major companies operating in the starch derivatives market include Ingredion Incorporated, Tate & Lyle Inc., Roquette Frères SA, Beneo GmbH, Penford Corporation, Stern-wywiol Gruppe GmbH & Co KG, Archer Daniels Midland Company, Cargill Inc., Grain Processing Corporation, Tereos Internacional SA, Emsland-Starke Gmbh, Agrana Investment Corp., Gulshan Polyols Ltd., Fooding Company Limited, Foodchem International Corporation, Molinos Juan Semino SA, JP & SB International, Gujarat Ambuja Export Ltd., ShreeGluco Biotech Private Ltd., Shubham Starch Chem Pvt. Ltd., Matsutani Chemical Industry Co. Ltd., Sanstar Bio-Polymers Ltd., Jay Sardar Starch & Gum Consultant, Tirupati Starch & Chemicals Ltd., Ambuja Exports Ltd., Daymer Ingredients Limited, Vimal Ppce, The Wah Starch Public Company Limited, Universal Starch Chem Allied Ltd., Qindao Cbh Co. Ltd.
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Top Trend - Innovative Starch Derivatives To Meet The Growing Demand
Major companies operating in the starch derivatives market are developing innovative products such as ULTRA-TEX 1311 to meet the growing demand for starch derivatives. ULTRA-TEX 1311 is a modified potato starch suitable for dairy desserts. For instance, in March 2021 Ingredion Germany GmbH, a Germany-based food and beverages producer announced the launch of ULTRA-TEX 1311 modified potato starch. The innovative starch offers the potential to reduce the need for cooking and shorten processing durations, enabling food producers to conserve energy, time, and equipment expenses, all while achieving increased production efficiencies. Additionally, it is well-suited for use in plant-based, low-fat, reduced-fat, healthier, and ket*o-friendly products, including dairy desserts.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Starch Derivatives Market Characteristics
3. Starch Derivatives Market Trends And Strategies
4. Starch Derivatives Market - Macro Economic Scenario
5. Starch Derivatives Market Size And Growth
…..
27. Starch Derivatives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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