Global Starch Derivatives Market Overview:
Starch derivatives, also known as modified starch, are prepared by enzymatic, physical or chemical treatment of the native starch to modify its properties. Starch derivatives are used in various industries for various functions. They are used as thickeners and stabilizers in the food and beverage industry, as binders of tablets in the pharmaceutical industry, as emulsifiers in cosmetics and as fiber additives in animal feeds. Some of the other functions of starch derivatives are flocculation, adhesion, film formation, improved pH stability and cut stability, acid stability and improved process tolerance.
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Global Starch Derivatives Market Drivers and Restraints:
In the future, the market should experience a notable influx of capital, as starch derivatives producers focus more on improving the quality of their products to obtain a competitive advantage. In addition, the demand for starch derivatives is expected to increase steadily in the coming years due to the rapid expansion of the food and beverage industry. The use of these derivatives in cosmetics as emulsifiers, in medicines as binders and in additives for foods and fibers should also offer opportunities for market growth in the near future. Starch derivatives are in great demand in pharmaceuticals, cosmetics, animal 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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Global Starch Derivatives Market Size Analysis
The growing popularity of prepared foods and non-carbonated and energy drinks has driven its application in this segment and the trend is expected to continue in the long term. It is expected that opportunities for the use of starch derivatives in food and beverages will increase to a CAGR of XX% between 2015 and 2023 and increase from USD XX Billion in 2015to USD XX Billion by 2023.
Global Starch Derivatives Market Geographical Segmentation:
Regionally, the world market for starch derivatives is segmented in Asia Pacific, North America, Europe and the rest of the world. With a market share of more than 30%, Asia-Pacific became the leading consumer of starch derivatives in 2015. The analysts predict that the region will remain at the forefront throughout the forecast period, thanks to the growing demand for these derivatives in China and India, driven by the growing preference for prepared foods and beverages in these countries.
Key players in Global Starch Derivatives Market:
Ingredion Inc., AGRANA Group, Tate & Lyle Plc Archer Daniels Midland Co., Emsland-Stärke Gmbh, Avebe U.A., Cargill Inc., Roquette Frères S.A., BENEO-Palatinit GmbH, and Grain Processing Corp are the major players of the market.
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