The starch derivatives global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Starch Derivatives Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The starch derivatives market size has grown steadily in recent years. It will grow from $62.31 billion in 2023 to $65.41 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to increased demand in food and beverage industry, expansion of processed food industry, consumer awareness about health and nutrition, availability and accessibility of raw materials, government regulations and policies.
The starch derivatives market size is expected to see strong growth in the next few years. It will grow to $80.51 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to increasing applications in non-food industries (pharmaceuticals, textiles, etc.), growing demand for clean label and natural ingredients, rising adoption of plant-based and gluten-free diets, emerging markets and urbanization, increasing disposable income. Major trends in the forecast period include functional and specialty starches, sustainable sourcing and production, continuous research and development, customization and tailored solutions, technological advancements in processing.
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Scope Of Starch Derivatives Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Starch Derivatives Market Overview
Market Drivers –
The growing demand for convenience and processed food is expected to fuel the growth of the starch derivatives market in the forecast period. Convenience food and processed food is a tertiary packaged food or food that is intended to reduce consumer time in the kitchen, lower expenses related to wastage, and minimize costs by economies of scale. Over the years, starch derivatives have appeared as a key successful environmentally friendly product, acting as a binding and gelling agent. There has been a significant rise in the demand for starch throughout the food and beverage sector due to rising sugar values. For instance, the global processed snacks market is expected to increase from $96.9 billion in 2020 to $142.0 billion by 2025. Therefore, the growing demand for convenience and processed food drives the growth of the starch derivatives market.
Market Trends –
Major companies operating in the starch derivatives market are developing innovative products such as ULTRA-TEX 1311 to meet the growing demand for starch derivatives. ULTRA-TEX 1311 is a modified potato starch suitable for dairy desserts. For instance, in March 2021 Ingredion Germany GmbH, a Germany-based food and beverages producer announced the launch of ULTRA-TEX 1311 modified potato starch. The innovative starch offers the potential to reduce the need for cooking and shorten processing durations, enabling food producers to conserve energy, time, and equipment expenses, all while achieving increased production efficiencies. Additionally, it is well-suited for use in plant-based, low-fat, reduced-fat, healthier, and keto-friendly products, including dairy desserts.
The starch derivatives market covered in this report is segmented –
1) By Type: Glucose syrup, Modified starch, Maltodextrin, Hydrolysates, Cyclodextrin
2) By Raw Material: Corn, Cassava, Potato, Wheat
3) By Form: Dry, Liquid
4) By Application: Binder, Thickener and Stabilizer, Sweetener, Lustering Agent, Powdering Agent, Fish Culture Feed, Expanded Feed, Caking Agent, Dehumidification Agent, Other Applications
5) By End User Industry: Food and Beverage, Medical Industry, Chemical Industry, Personal Care and Hygiene Industry, Paper and Pulp Industry, Other End-Users
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Regional Insights –
North America was the largest region in the starch derivatives market in 2023. The regions covered in the starch derivatives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the starch derivatives market include Ingredion Incorporated, Tate & Lyle Inc., Roquette Frères SA, Beneo GmbH, Penford Corporation, Stern-wywiol Gruppe GmbH & Co KG, Archer Daniels Midland Company, Cargill Inc., Grain Processing Corporation, Tereos Internacional SA, Emsland-Starke Gmbh, Agrana Investment Corp., Gulshan Polyols Ltd., Fooding Company Limited, Foodchem International Corporation, Molinos Juan Semino SA, JP & SB International, Gujarat Ambuja Export Ltd., ShreeGluco Biotech Private Ltd., Shubham Starch Chem Pvt. Ltd., Matsutani Chemical Industry Co. Ltd., Sanstar Bio-Polymers Ltd., Jay Sardar Starch & Gum Consultant, Tirupati Starch & Chemicals Ltd., Ambuja Exports Ltd., Daymer Ingredients Limited, Vimal Ppce, The Wah Starch Public Company Limited, Universal Starch Chem Allied Ltd., Qindao Cbh Co. Ltd.
Table of Contents
1. Executive Summary
2. Starch Derivatives Market Report Structure
3. Starch Derivatives Market Trends And Strategies
4. Starch Derivatives Market – Macro Economic Scenario
5. Starch Derivatives Market Size And Growth
…..
27. Starch Derivatives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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