Starch
derivatives are important to several industries across the globe,
such as pharmaceuticals, food and beverages, cosmetics, and animal
feed, amongst others. Analysts predict that the global starch
derivatives market will grow at a steady pace due to the boom in the
food and beverages industry. Furthermore, its usage in the cosmetics
industry as an emulsifier, binder in tablets made by the
pharmaceutical industry, and fiber additive in animal feed is likely
to be a promising platform for growth in the coming years. According
to the research report published by Transparency Market Research, the
global starch derivatives market was worth US$48.6 bn in 2015 and is
likely to reach US$68.7 bn by 2021, expanding at a steady CAGR of
5.90% from 2015 to 2021.
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Derivatives
Market report at
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Increasing
Demand for Convenience Food to Drive Global Starch Derivatives Market
The
global starch derivatives market is mainly being driven by the
growing demand for convenience food and beverages in developing
nations of the world. The global starch derivatives market is also
being propelled by the increasing demand for natural sweeteners. This
demand will be complemented by the growing popularity of
non-carbonated and energy drinks, which are primarily made from
natural sweeteners. Owing to these reasons, important players in the
global starch derivatives product market are investing in arduous
research and development activities that will result in better
quality of starch derivative products all across the globe.
Starch
derivatives also play an important role in textile weaving and
finishing, biofuels, glue production, and fermentation. Demand from
all of these is giving the global starch derivatives market a
much-needed impetus. Starch derivatives have a better pH stability,
film-forming properties, process tolerance and sheer stability,
flocculation, which are crucial for the food processing industry. The
only impediment in the growth of this market is the skyrocketing raw
material prices.
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The
global starch derivatives market is segmented on the basis of product
type into maltodextrin, glucose syrup, cyclodextrin, modified starch,
and hydrolysates. According to the application, this market is
segmented into pharmaceuticals, cosmetics, paper, feed, food and
beverages, and others such as bioethanol, biofuels, glue
manufacturing, and industrial applications. Geographically, this
market is segmented into Europe, North America, Asia Pacific, and
Rest of the World.
Asia
Pacific to Lead Global Starch Derivatives Market
In
terms of geography, Asia Pacific held the lion’s share in the
global starch derivatives market, which was closely followed by North
America, Rest of the World, and Europe. The high demand for starch
derivatives from China and India is expected to keep Asia Pacific at
the forefront in the global race to win the largest share in the
global starch derivatives market. The demand from these countries
will be driven by the increasing demand for starch-based food and
beverages and popular applications of starch in the pharmaceutical
industry.
Some
of the important players in the global starch derivatives market are
Tate & Lyle PLC, Incorporated, Archer Daniels Midland Company,
Cargill, Grain Processing Corporation, Ingredion Incorporated,
BENEO-Palatinit GmbH, Roquette Frères S.A., Avebe U.A., and AGRANA
Group.
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Press
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Transparency
Market Research (TMR) is a global market intelligence company,
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provides forward-looking insight for thousands of decision makers.
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