Starch Derivatives Market, Latest Technology, Deployment Status and Applications by Forecasts to 2030
Market Overview
Starch derivatives are the structurally modified starch obtained from raw starch. This structural modification helps eliminate several innate defects in raw starch, which makes it eligible for application in a range of industrially manufactured products. Starch derivatives find a wide array of industrial application. As per the latest study conducted by Market Research Future (MRFR), the global starch derivatives market is expected to witness a healthy growth in 2019 and beyond.
Starch derivatives is extremely popular in the F&B industry. They are used as an emulsifier, thickening agents and stabilizers. The function food segment also positing a significant demand for starch derivatives. Growing consumer inclination towards functional food and beverages is proving an impetus to the global starch derivatives market. The high nutritional quotient on starch derivative in driving its popularity in health-centric foods. However, sluggish R&D approach continues to undermine the application prospect of starch derivatives.
Segmental Analysis
The segmental analysis of the market has been conducted based on application, type, function and region.
Based on application, the market has been segmented into personal care, pharmaceutical & nutrceutical, animal feed, food & beverages and others. The food & beverage segmented is covers soups, bakery & confectionery products, dressings, sauces, beverages, dairy products and others. The food & beverage segment is likely to retain its dominant position through the review period. Meanwhile, the pharmaceutical segment is expected to exhibit the highest CAGR during same period. The application of starch derivatives has increased substantially in the pharmaceutical industry. Their growing use as tablet binders is one of the major drivers of the segment.
Based on type, the market has been segmented into hydrolysates, cyclodextrin, maltodextrin, glucose syrups and others. The glucose syrup segment currently represents the largest market share in terms of revenue. Glucose syrup is used in a wide range of F&B products. In addition, the product also finds application in pharmaceuticals, cosmetics, paper, feeds etc. In food products, glucose syrup is used for developing unique characteristics. The maltodextrin segment is also projected to emerge as a highly attractive segment over the forecast period. Segment’s growth is being driven by the increased use of maltodextrin in sauces, pudding, and spreads as thickening agents. Based on function, the market has been segmented into emulsifying, thickening, stabilizing, binding and others.
Regional Analysis
On the basis of region, the market has been segmented into Asia Pacific (APAC), Europe, North America and the rest of the world. Of these, APAC is anticipated to remain the most lucrative market for modified starch market during the forecast period. Rapid growth end-use industries such as F&B and pharmaceuticals is supporting the market growth in the region. In recent past the region as drawn tremendous commercial interest on the on account of rapid industrial growth coupled with the expansion of consumer base. The APAC starch derivatives market is projected to exhibit the highest CAGR during the assessment period. China and India have emerged as highly attractive investment destination. These countries are expected to make significant contribution to the market in APAC during the forecast period.
North America and Europe are also expected to present attractive market opportunities over the next several years. Significant presence of end use sectors in these regions is fuelling the demand for starch derivative.
Competition Analysis
Avebe U.A. (The Netherlands), Cargill, Incorporated (US), Grain Processing Corporation (US), Tate & Lyle PLC (UK), Archer Daniels Midland Company (US), Emsland-Stärke GmbH (Germany), Agrana Group (Austria), Roquette Frères (France), Ingredion Incorporated (US) and Beneo GmbH (Germany) are among the key companies mentioned in the report.
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