Discover Starch Derivatives Market Upcoming Trends, Growth Drivers And Challenges – Forecast To 2024|Grand View Research, Inc.



Global starch derivatives market is expected to reach USD 74.30 billion by 2022. Growing demand for sweeteners in various food items such as bakery & confectionary, carbonated & energy drinks is expected to propel growth over the next seven years. Furthermore, growing pharmaceutical sector in countries such as Saudi Arabia, Brazil, India, China and the U.S. is expected to further increase demand for starch derivatives. Stringent regulations encouraging the use of natural ingredients across various sectors including pharmaceutical, textile, fermentation and cosmetics is likely to propel industry growth. However, fluctuating prices of raw materialscoupled with high R&D cost is expected to be a major restraint affecting growth over the forecast period.
Glucose syrup dominated the global market in the year 2014 and is likely to generate high revenue gains over the seven years, accounting for over USD 44.0 billion by 2022. Increasing consumption of processed meats, ice creams, convenience food, instant dessertsand bakery products are expected to augment demand for the product over the next seven years.
ADM; Roquette Frères; Cargill Inc.; Emsland Group; Ingredion Incorporated; Agrana Group; Avebe U.A.; Tate & Lyle PLC; Grain Processing Corporation; and Global Bio-chem Technology Group Company Limited dominated the global market share in 2014. The industry is highly competitive with major companies involved in constant product innovation and R&D activities.
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Food &beverages segment accounted for the largest application share in 2014 and is expected to witness significant gains at a CAGR of over 6.0%.Rise in product innovation by manufacturers coupled with rising consumer preferences for high quality products is likely to propel growth.

Rising consumer demand for food and beverages, pharmaceutical and personal care products in Latin America and Middle East & Africais expected to propel demand for the product over the next seven years. Moreover, improving economic conditions in the region owing to rapid industrial growth is expected to be the keydrivers. In addition, increasing urbanization and changing consumer lifestyle is expected to increase demand for packaged foods which in turn is anticipated to propel demand for starch derivative industry over the projected period.
Product Insights
Glucose syrup dominated the global starch derivatives market in 2014, accounting for over 55.0% share of the overall volume. The segment is expected to witness significant gains over the forecast period owing to rising consumption of ice creams, desserts, bakery products, processed meats, and sauces. Increasing glucose consumption in non-food applications including cosmetics, pharmaceuticals, adhesives, textiles, paper, and plywood is expected to propel demand. In addition, it serves as a flavor enhancer, volume adding agent, texture agent, and inhibitor of sugar crystallization in drinks.
Maltodextrin is expected to expand at a revenue based CAGR of 6.6% over the forecast period as a result of its increasing use in various industries including food, cosmetics, pharmaceuticals, paper, textile, construction, and paints and coatings. Increasing demand for maltodextrin as a thickener and filler in processed food owing to its inexpensive nature will propel industry expansion. Increasing need for baby and infant food will boost the growth over the next few years.
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Grand View Research has segmented the global starch Derivatives market on the basis of product, application:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·         Maltodextrin
·         Glucose Syrup
·         Cyclodextrin
·         Hydrolysates
·         Modified Starch
·         Others 
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·         Food & Beverages
·         Cosmetics
·         Paper
·         Pharmaceuticals
·         Feed
·         Others
Food and beverages were the largest application segment in 2014, accounting for over 60.0% share of the global volume. The segment is likely to witness significant growth on account of growing consumption of packaged and convenience food in various countries including China, India, Brazil, U.S., Germany, and Saudi Arabia.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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