Starch Derivatives Market Pegged for Robust Expansion by 2021

Asia Pacific is the leading starch derivatives market and is likely to achieve the highest growth rate in the near future. This is due to the emerging economies of the two most populated countries in the world, namely, China and India. The starch derivatives market in North America and Europe is saturated. The demand for starch derivatives is increasing in Brazil and Argentina as these two countries have the fastest growth rate in the world.

Based on type, the market is classified into various segments such as Maltodextrin, Cyclodextrin, Glucose Syrup, Hydrolysates, and Modified Starch. Among these, glucose syrup holds a major market share, whereas Maltodextrin has the highest demand in the market. Glucose syrup finds its applications in various industries such as paper, feeds, pharmaceuticals, and cosmetics. Glucose syrup is often employed as a flavor enhancer, texture agent, volume-adding agent, and inhibitor of sugar from crystallizing in drinks. On the basis of application, the starch derivatives market is classified as Food & Beverages, Feed, Paper, Cosmetics, Pharmaceuticals, Bio-Ethanol, and other industrial applications. Among these, starch derivatives find their key application in food and beverages.

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Increasing demand for convenience food and beverages in developing countries, rise in population, and increasing per-capita income are some of the key factors propelling the growth of starch derivatives market. Companies are investing large amounts of their capital on research and development. These developments are bettering the prospects of starch derivative products in the global market. In addition, starch plays an important role in the bio-fuel, glue production, textile weaving and finishing, and the fermentation industries. However, implementation of bio-fuel policies and increasing raw material prices are some of the factors hindering the growth of the starch derivatives market.

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Key players operating in the starch derivatives market include AGRANA Investment Corp., Archer Daniels Midland Company, Cargill Incorporated, and AVEBE.

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