The
global starch derivatives market is expected to witness steady growth
during the forecast period. Increasing usage of starch derivatives in
industrial application is propelling the growth of the starch
derivatives market. The starch derivatives market is categorized by
product type into maltodextrin, glucose syrup, cyclodextrin,
hydrolysates, and modified starch. Based on application, the starch
derivatives market is segmented into food and beverages,
feed, cosmetics, paper and pharmaceuticals among others including
industrial applications and bio-ethanol. Glucose syrup holds a major
share of the market, whereas maltodextrin experienced the highest
growth in the market in terms of revenue in 2014. The demand for
glucose syrup is expected to grow at a higher rate as compared to
other product segments due to its increasing applications in various
industries such as feeds, pharmaceuticals, paper, and cosmetics in
developing countries. It is often used as flavor enhancer,
volume-adding agent, texture agent, and inhibitor of sugar from
crystallizing in drinks.
Furthermore,
increasing health consciousness and growing demand for natural
sweetener is driving the demand for starch derivatives globally.
Increasing demand for convenience food and beverages in various
countries such as China, Germany, India, the U.S., Brazil, and Saudi
Arabia is one of the key factors propelling the growth of the starch
derivatives market. In the past few decades, several developments
have taken place in the starch derivatives industry, which has
experienced a shift from conventional food products to time-saving
food containing starch derivatives in the convenience and processed
food category.
Globally,
demand for starch derivatives is governed by the performance
functionality and quality of the products. In addition, growing
demand for starch derivatives in the pharmaceuticals industry is one
of the key factors supporting the growth of the market significantly.
Increasing research and development expenditure coupled with
fluctuation in raw material prices is likely to restrict the
expansion of the starch derivatives market. However, this market is
expected to grow in the next few years due to rising consumption of
starch derivatives in various emerging countries and increasing
application of starch derivatives in different sectors such as food
and beverage, paper, animal feed and pharmaceutical among others. The
research report covers drivers, restraints and opportunities of the
starch derivatives market. The research study features present market
trends and provides the forecast from 2015 to 2021. The report also
covered the current market scenario for starch derivatives and
highlighted its future market trends that are likely to affect the
demand for starch derivatives. By geography, the market has been
bifurcated into North America, Europe, Asia Pacific, and Rest of the
World (RoW). The present market size and forecast until 2021 are
covered in the report.
In
2014, Asia Pacific held the largest share of the starch derivatives
market followed by Europe, North America, and Rest of the World
(RoW). Asia Pacific is the largest as well as the fastest growing
regional market due to rising demand for starch derivatives in India
and China. Moreover, Asia Pacific is expected to maintain its leading
position during the forecast period. The rise in demand for starch
based food and beverages, and increasing application in
pharmaceutical sector in India and China is expected to drive the
growth of the starch derivatives market in Asia Pacific. Therefore,
food and beverage manufacturers are focusing on producing starch
based products to meet the consumers need in Asia Pacific.
The
research study also analyzes different factors inhibiting and
influencing the growth of the starch derivatives market. The analysis
of market attractiveness provided in the report features key
investing areas in the starch derivatives industry. Furthermore, the
report will help starch derivatives manufacturers, suppliers, and
distributors understand the present and future trends in this market
and formulate their business strategies accordingly.
Key
players in the starch derivatives market include Tate & Lyle PLC,
Cargill, Incorporated, Archer Daniels Midland Company, Ingredion
Incorporated, Roquette Frères S.A., BENEO-Palatinit GmbH, AGRANA
Group, Avebe U.A. and Grain Processing Corporation.
The
scope of the study presents a comprehensive evaluation of the
stakeholder strategies and winning imperatives for them by segmenting
the starch derivatives market as below:
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.)
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