Strong natural sweeteners demand in food processing industry is slated to positively impact the global starch derivatives market over the forecast period. Rising energy and non-carbonated drinks consumption which contain ample natural sweeteners is presumed to compliment the global market growth. Cost-effectiveness and non-recrystallization characteristics lure customers towards such beverage consumption. Other than food processing applications, starch derivatives have been increasingly accepted in other end-use industries such as glue manufacturing, paper production, pharmaceuticals, cosmetics, textile weaving and bio-fuels. Such widespread applications are expected to further aid the global starch derivatives market growth over the next seven years. Shifting trends towards natural ingredients usage in the end-use industries are presumed to bolster the global market. Starch derivatives possess characteristics such as acidic stability, flocculation, pH stability, film-forming properties, process tolerance and sheer stability, which make it critically valuable for the food processing industry. Such intrinsic properties are touted to strengthen starch derivatives market demand.
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Modified starch, cyclodextrin, glucose syrup, hydrolysates and maltodextrin are the major starch derivative product types. Maltodextrin dominated the global market in 2013 and is expected to witness rapid growth in the near future owing to strong demand from food & beverage industry. Among its major applications, food & beverage dominated the global market in the recent years. Pharmaceutical applications are poised to experience the fastest growth owing to increasing R&D initiatives and growing applications. Negligible product customization is anticipated to negatively impact the starch derivative market. Uneven raw material consumption among its applications, with food & beverage consuming the lion’s share leads to raw material scarcity for industrial applications. Such uneven distribution is expected to hinder the global market in terms varying production costs. R&D initiatives to develop novel applications offer abundant opportunities for industry participants.
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Asia Pacific led the global starch derivative market in 2013, followed by North America and Europe. Growing food & beverage as well as pharmaceutical industry in emerging economies such as India, Brazil, South Africa, Argentina and China are slated to bolster the respective regional markets. Asia Pacific is projected to experience the highest growth rate over the next seven years.
Prominent industry participants include Tate & Lyle, Cargill, Lipoid, Penford, Lasenor, Agrana, Avebe U.A, emsland-Starke, Roquette Freres, Archer Daniels Midland, Grain Processing, Beneo, Emul, Ingredion Inc. and Stern-wywiol Gruppe.
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