Global Starch Derivatives Market to Grow at CAGR of 5.90% from 2015 to 2021 due to Increasing Demand from Food and Beverages Industry

Starch derivatives are important to several industries across the globe, such as pharmaceuticals, food and beverages, cosmetics, and animal feed, amongst others. Analysts predict that the global starch derivatives market will grow at a steady pace due to the boom in the food and beverages industry. Furthermore, its usage in the cosmetics industry as an emulsifier, binder in tablets made by the pharmaceutical industry, and fiber additive in animal feed is likely to be a promising platform for growth in the coming years. According to the research report published by Transparency Market Research, the global starch derivatives market was worth US$48.6 bn in 2015 and is likely to reach US$68.7 bn by 2021, expanding at a steady CAGR of 5.90% from 2015 to 2021.

Increasing Demand for Convenience Food to Drive Global Starch Derivatives Market

The global starch derivatives market is mainly being driven by the growing demand for convenience food and beverages in developing nations of the world. The global starch derivatives market is also being propelled by the increasing demand for natural sweeteners. This demand will be complemented by the growing popularity of non-carbonated and energy drinks, which are primarily made from natural sweeteners. Owing to these reasons, important players in the global starch derivatives product market are investing in arduous research and development activities that will result in better quality of starch derivative products all across the globe.

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Starch derivatives also play an important role in textile weaving and finishing, biofuels, glue production, and fermentation. Demand from all of these is giving the global starch derivatives market a much-needed impetus. Starch derivatives have a better pH stability, film-forming properties, process tolerance and sheer stability, flocculation, which are crucial for the food processing industry. The only impediment in the growth of this market is the skyrocketing raw material prices.

The global starch derivatives market is segmented on the basis of product type into maltodextrin, glucose syrup, cyclodextrin, modified starch, and hydrolysates. According to the application, this market is segmented into pharmaceuticals, cosmetics, paper, feed, food and beverages, and others such as bioethanol, biofuels, glue manufacturing, and industrial applications. Geographically, this market is segmented into Europe, North America, Asia Pacific, and Rest of the World.

Asia Pacific to Lead Global Starch Derivatives Market

In terms of geography, Asia Pacific held the lion’s share in the global starch derivatives market, which was closely followed by North America, Rest of the World, and Europe. The high demand for starch derivatives from China and India is expected to keep Asia Pacific at the forefront in the global race to win the largest share in the global starch derivatives market. The demand from these countries will be driven by the increasing demand for starch-based food and beverages and popular applications of starch in the pharmaceutical industry.

Some of the important players in the global starch derivatives market are Tate & Lyle PLC, Incorporated, Archer Daniels Midland Company, Cargill, Grain Processing Corporation, Ingredion Incorporated, BENEO-Palatinit GmbH, Roquette Frères S.A., Avebe U.A., and AGRANA Group.

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This release was published on openPR.