Overview and Scope
A starch derivative is defined as modified starch, prepared by chemically processing inhabitant starch to alter its qualities. It is used for flocculation, adhesion, acid stability, process tolerance advancement, pH stability enhancement, and shear stability in various industries.
Sizing and Forecast
The starch derivatives market size has grown steadily in recent years. It will grow from <b>$62.31 billion in 2023 to $65.41 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. </b> 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 <b>$80.51 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. </b> 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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Segmentation & Regional Insights
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
<b>North America</b> 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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the starch derivatives market include <b> 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. </b>
The starch derivatives market report table of contents includes:
1. Executive Summary
2. Starch Derivatives Market Characteristics
3. Starch Derivatives Market Trends And Strategies
4. Starch Derivatives Market – Macro Economic Scenario
5. Global Starch Derivatives Market Size and Growth
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26. South America Starch Derivatives Market
27. Brazil Starch Derivatives Market
28. Middle East Starch Derivatives Market
29. Africa Starch Derivatives Market
30. Starch Derivatives Market Competitive Landscape And Company Profiles
Top Major Players:
- Ingredion Incorporated
- Tate & Lyle Inc
- Roquette Frères SA
- Beneo GmbH
- Penford Corporation
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