Transparency
Market Research has published a new market report titled “Starch
Derivatives Market by Product Type (maltodextrin, cyclodextrin,
glucose syrup, hydrolysates and modified starch), by Application Type
(food & beverages, feed, paper, cosmetics, pharmaceuticals and
others including industrial applications, bio-ethanol, bio fuel, glue
manufacturing etc.) – Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2015 –2021.” According to the
report, the global
starch derivatives market was valued at US$45.30 billion in 2014
and is anticipated to reach US$68.77 billion by 2021, expanding at a
CAGR of 5.9% from 2015 to 2021.
The
global starch derivatives market is primarily driven by rise in
demand for starch based food and beverages. Furthermore, rise in
demand for starch derivatives in pharmaceutical industry is also a
key factor supporting the growth of the market significantly. Strong
demand for natural sweeteners in the food processing industry is
expected to positively impact the growth of the global starch
derivatives market over the forecast period. Rising consumption of
non-carbonated drinks and energy drinks that contain ample natural
sweeteners is expected to complement the growth of the global starch
derivatives market. In addition, starch derivatives find major
application in the food and beverages industry along with paper,
animal feed, cosmetics and pharmaceutical sector; however, they are
also used in bio-fuels, textile weaving and finishing, paper and glue
production, and fermentation industries. Such widespread application
is expected to further help in the growth of the global starch
derivatives market during the forecast period. However, the
restraining factor of the starch derivatives market is the rising raw
material prices and growing usage of substitute products. Lack of
customized starch derivative products coupled with availability of
alternative products such as gum is projected to hinder growth of the
starch derivatives market during the forecast period.
Factors
such as increasing demand for convenience food and beverages in
developing countries, rise in population, and increasing per capita
income are propelling the growth of the starch derivatives market.
Increasing demand for starch derivatives in the pharmaceutical
industry is one of the promising factors supporting the growth of the
market significantly. Steady expansion of the food and beverage
industry is a key factor driving the growth of the starch derivatives
market globally. Asia Pacific was the largest market for starch
derivatives in 2014. It was followed by Europe and North America.
Asia Pacific is the largest as well as the fastest growing regional
market due to rising demand for starch derivatives in India and
China.
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Demand
for starch derivatives in North America is expected to experience
moderate growth during the forecast period due to its mature state of
the market. North America was the third largest market for starch
derivatives in 2014. The rise in demand for convenience foods and
beverages in the U.S. and Canada is expected to drive growth of the
starch derivatives market in North America.
Currently,
Europe is the second largest consumer of starch derivatives in the
world. Europe is a mature market and is expected to grow at a
moderate pace in the next few years. Pharmaceutical is the
fastest-growing application segment of the starch derivatives market.
Intense consumption of food & beverage products and starch usage
in the food industry is the prime reason for such a major growth. The
demand for corn starch is witnessing an upward trend.
In
terms of revenue, the starch derivatives market in Asia Pacific was
the largest in the world in 2014 and is expected to keep growing at a
quick pace. This region is expected to be the largest regional market
for starch derivatives, accounting for more than 30% during the
forecast period. Asia Pacific would observe steady growth in the
forecast period due to increasing consumption for starch based food
and beverages. Asia Pacific accounted for the largest market share of
starch derivatives in 2014. Rising demand for starch based foods &
beverages, and increasing applications in pharmaceuticals sector in
India and China is expected to drive growth of the starch derivatives
market in Asia Pacific. In addition, Asia Pacific is likely to
achieve the highest growth rate during the forecast period. This is
due to emerging economies of the two most populated countries,
namely, China and India.
The
starch derivatives market in RoW is primarily driven by high demand
for bakery and confectionary products in Brazil and Argentina. RoW is
a growing market in terms of consumption of starch based food
products. Demand for starch derivatives is increasing in Brazil and
Argentina as these two countries have steady rate of growth. MEA is
likely to witness significant growth owing to high demand for
sweeteners from Egypt and South Africa. Further demand is expected to
come from South Africa and Argentina. Due to consistent rise in
population and increase in demand for starch derivatives, market
leaders are establishing presence in these countries.
Key
players in the starch derivatives market include Tate & Lyle PLC,
Archer Daniels Midland Company, Ingredion Incorporated, Cargill,
Incorporated, Roquette Frères S.A., AGRANA Group, Avebe U.A. and
Grain Processing Corporation among others.
The
report segments the starch derivatives market as follows:
Global
Starch Derivatives Market, Product Segment Analysis
Global
starch derivatives market, by product type
- Maltodextrin
- Cyclodextrin
- Glucose Syrup
- Hydrolysates
- Modified Starch
Global
starch derivatives market, by application
- Food and Beverages
- Feed
- Paper
- Cosmetics
- Pharmaceuticals
- Others (including industrial applications, bio-ethanol, bio fuel, glue manufacturing etc.)
Global
starch derivatives market, by geography
North
America
- U.S.
- Canada
- Rest of North America
Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Europe
Rest
of the World (RoW)
- Latin America
- Middle East
- Africa
Contact
Mr. Sudip.S
90 State Street,
Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll
Free: 866-552-3453
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