The Global Starch Derivatives Market Growth Is Driven By Growing...

The Global Starch Derivatives Market Growth Is Driven By Growing Food And Beverage Industry

Posted 2024-04-05 13:21:18

Starch derivatives are polysaccharides produced from starch through various chemical and physical processes. Some common starch derivatives include maltodextrin, cyclodextrin, glucose syrup, hydroxyethyl starch, and hydrolyzed starch. Starch derivatives find wide applications in various industries such as food and beverages, paper, textile, pharmaceutical, and others due to their functional properties. They are used as stabilizers, thickeners, binders, emulsifiers, and encapsulating agents in numerous food products, drinks, tablets, and capsules. Additionally, starch derivatives help improve texture, appearance, shelf-life of many consumable and non-consumable goods. The global food and beverage industry has been growing rapidly over the past few years due to rising populations, increasing health-conscious consumers, and changing lifestyles. This has significantly driven the demand for starch derivatives for their usage as additives and stabilizing agents in a variety of food items.

The Global starch derivatives market is estimated to be valued at US$ 76.73 Bn in 2024 and is expected to exhibit a CAGR of 3.5% over the forecast period.
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Key Takeaways
Key players operating in the Starch Derivatives are Cargill, Incorporated , ADM , Tate & Lyle PLC , Roquette freres , AGRANA Beteiligungs-AG , Ingredion Incorporated , Green Processing Corp. (GPC) , Avebe , Emsland Group , Foodchem International Corporation, Sukhjit Starch & Chemicals Ltd. , Universal Starch Chem Allied Ltd , Primient , SPAC Starch Products (India) Private Limited , JP&SB International, Matsutani Chemical Industry Co., Ltd, Crespel & Deiters Group, SMSCor. , Manildra Group, and KMC.

The demand for Starch Derivatives Market Size is growing due to its wide applications in food and beverage industry. Starch derivatives are used as stabilizers, thickeners, binders, emulsifiers, and encapsulating agents in food products. The growth of global population and changing consumption patterns are fueling the demand for processed and packaged food items which in turn drives the growth of starch derivatives market.

Major companies are expanding their production capacities and facilities globally especially in Asia Pacific and North America to leverage the high growth potential. For instance, Cargill opened a new corn wet mill plant in Dalian, China in 2022 to double their tapioca starch production capacity.

Market drivers
The key driver for the growth of starch derivatives market is the exponential growth in the global food and beverage industry. Rising incomes and spending on food, preference for convenience food, and westernization of diets in developing nations are contributing to the increased demand for food additives like starch derivatives. Starch derivatives help food manufacturers to enhance texture, appearance, shelf life and taste of packaged food items which attracts more consumers. Additionally, the functional properties of starch derivatives make them suitable for applications beyond food like construction, textiles, pharmaceuticals driving the overall market growth over the forecast period.