Global Starch Derivatives Market Forecasted Double-Digit Growth Rate Through 2024

The starch derivative is commonly known as modified starch, it is prepared by chemically treating inhabitant starch to change its properties. It is used in various companies for different functions. In food and beverage industry, it is used as stabilizers and thickeners; in the pharmaceutical industry, it is used as tablet binder; fiber additive in the animal feed; and as an emulsifier in the cosmetics. Some of the major functions of starch derivatives include process tolerance enhancement, adhesiveness, shear stability, flocculation, acid stability, film forming, and pH stability improvement.

Major prominent market players in the global starch derivatives market include BENEO, Tate & Lyle, Stern-Wywiol Gruppe GmbH. & Co. KG, AVEBE, Ingredion Incorporated, Raquette, Penford Corporation, Agrana Investment Corp., and Emsland-Starke GmbH. Other influencing players include Ingredion Incorporated, Archer Daniels Midland Company, Cargill Incorporated, Grain Processing Corporation, Lipoid GmbH., and Lasenor Emul, S.L.

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The starch derivative market will show a significant growth in the coming years owing to increasing applications in the pharmaceuticals, processed foods, and beverages. The growing demand for the starch derivative as an emulsifier, thickening agent, binder, and stabilizer is augmenting the market growth. Changing consumer concerns towards health, healthy appetite, and nutrition anticipates fueling the market growth. Increasing penetration of the starch derivative as natural sweeteners in noncarbonated soft drinks and energy drinks is expected to drive the market in future. The starch derivative is used in the manufacturing, paper, glue, and biofuels industries thus contributing to the market growth. Starch derivatives are also heavily consumed in the noodles, puddings, custards, pie fillings, pasta, salad dressings, soups, sauces, and gravies. However, unstable raw material prices, increasing R&D expenditure, and rising use of the substitutes such as gum is expected to restrain the starch derivative market to some extent.

The starch derivatives market is segmented based on the application and type. Based on the application, the market is segregated into cosmetics, food & beverages, bio-ethanol, paper, pharmaceuticals, feed, and other industrial applications. The food and beverages industry is the largest application segment among them. The type segment is fragmented into modified starch, maltodextrin, hydrolysates, cyclodextrin, and glucose syrup. The maltodextrin, holds the major market share in the global market owing to its rising use in the various industries such as paints & coatings, food, textile, pharmaceuticals, cosmetics, construction, and paper.

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Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The region that contributes for the largest market share is Asia Pacific; it is expected to continue this growth in the near future. The willingness to adopt the starch derivatives has mainly accounted for the significant market share in the countries such as China and India. The factor that attributes to market growth is the presence of market players in the regions such as North America and Europe. Brazil and Argentina are also witnessing a good growth in the starch derivatives market.

Global Starch Derivatives Market: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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