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.
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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.
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.
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.
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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