The
growing preference for ready-to-consume food and beverages across the
world is influencing the demand for starch derivatives significantly.
The rising popularity of non-carbonated and energy drinks is
complimenting this demand, as these beverages utilize natural
sweeteners, of which these derivatives are important components.
Apart from this, starch
derivatives also have significant application in textile
weaving and finishing, and the production of biofuels and glue due to
which their demand is increasing by leaps and bounds.
Going
forward, the market is likely to witness a remarkable inflow of
capital, as starch derivative producers are increasing their focus on
improving the quality of their products in order to gain a
competitive edge. Additionally, the demand for starch derivatives is
anticipated to register a steady rise in the coming years due to the
rapid expansion of the food and beverages industry. The usage of
these derivatives in cosmetics as emulsifiers, in medicines as
binders, and in animal feed and fiber additives is also projected to
provide potential opportunities for market growth in the near future.
The
global opportunity in starch derivatives stood at US$45.3 bn in 2014.
Rising at a CAGR of 5.90% between 2015 and 2021, it is estimated to
be worth US$68.7 bn by 2021.
Opportunity
for Starch Derivatives in Food and Beverages to Reach US$40.7 bn by
2021
Starch
derivatives are in high demand in pharmaceuticals, cosmetics, feed,
food and beverages, paper, and various other products such as
biofuels and bioethanol. They also find significant application in
the production of glue and other industrial applications.
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Most
of the demand for these derivatives arises from the food and
beverages segment. The growing popularity of convenience food and
non-carbonated and energy drinks has fueled their application in this
segment and the trend is expected to prevail in the long term. The
opportunity for starch derivatives in food and beverages is expected
to expand at a CAGR of 5.80% during the period from 2015 to 2021 and
increase from US$27.1 bn in 2014 to US$40.7 bn by 2021.
Asia
Pacific to Remain at Forefront of Starch Derivatives Market
Regionally,
the global market for starch derivatives is segmented into Asia
Pacific, North America, Europe, and Rest of the World. With a share
of more than 30%, Asia Pacific emerged as the key consumer of starch
derivatives in 2014. Analysts at TMR predict the region to remain at
the forefront throughout the forecast period, thanks to the soaring
demand for these derivatives in China and India, propelled by the
growing preference for convenience food and beverages in these
nations.
The
opportunity in starch derivatives in Asia Pacific is likely to
increase from approximately US$14 bn in 2014 to almost US$21 bn by
2021, growing at a CAGR of 5.50% during the period from 2015 to 2021.
AGRANA
Group, Ingredion Inc., Archer Daniels Midland Co., and Tate &
Lyle Plc are the key producers of starch derivatives across the
world. Other prominent market participants are Avebe U.A.,
Emsland-Stärke Gmbh, Roquette Frères S.A., Cargill Inc.,
BENEO-Palatinit GmbH, and Grain Processing Corp.
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