The
global starch derivatives market is foreseen to witness a competitive
scenario, with a presence of several firms in the market, depicting a
fragmented structure. In 2014, the top four firms, to be specific,
Ingredion Inc., AGRANA Group, Archer Daniels Midland Co., and Tate
and Lyle Plc, together held a share of 22.3% in the global market.
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As
of now, the main maufacturers of starch derivatives are concentrating
on enhancing the nature of their products so as to reinforce their
market presence. In any case, in the forthcoming years, these
organizations are probably going to go into major tie-ups and mergers
with regional players keeping in mind the end goal to extend their
global reach. Cargill Inc., BENEO-Palatinit GmbH, Roquette Frères
S.A., Avebe U.A., Emsland-Stärke Gmbh, and Grain Processing Corp.
are a among the major firms leading the starch derivatives makers
over the world. The global scope in starch derivatives was valued
around worth of US$45.3 bn in year 2014. Expanding at a CAGR of 5.90%
within the forecast period from 2015 to 2021, it is expectd to be of
worth US$68.7 bn by the end of 2021.
Starch
derivatives are witnessing high demand in cosmetics,
pharmaceuticals, feed, paper, food and beverages, and different other
products, for example, bioethanol and biofuels. The rapid rise in
demand for these derivatives emerges from the food and beverages
segment. The developing popularity of food on the go and
non-carbonated and caffeinated drinks has filled their application in
this segment and the pattern is anticipated to continue in the
upcoming years as well. Asia Pacific is evaluated to remain the main
region market for starch derivatives all through the forecast period
from 2015 to 2021. The surge in demand for starch derivatives in
India and China is the key factor behind the solid position of Asia
Pacific in the global market for starch derivatives.
The
hyperactive way of life of individuals everywhere throughout the
world has provided them with no sufficient time to have their food,
fueling the demand for convenience food and beverages. While the
growth for starch derivatives market is as of now high in developed
countries, for example, the U.S., Germany, and the U.K., the quick
urbanization is anticipated to fuel their demand in rising economies,
for example, India, China, and Brazil. The increase in growth of
these derivatives in natural sweeteners and their developing
industrial usage is also providing promising scope in them
altogether.
On
the other hand, the high unpredictability in costs of raw materials
used to deliver starch derivatives is a noteworthy obstruction to the
development of this market. The lack of these raw materials,
attributable to their growing usage use in other industrial
procedures, the shortage of customized starch subsidiary products,
and the accessibility of choices, for example, gum, may also hamper
the utilization of these derivatives within the forecast period.
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