Global starch derivatives market size was estimated at 47.17 million tons in 2014 and is likely to grow with a CAGR of over 3.5% from 2016 to 2023. This market is likely to be valued at more than USD 74 billion by 2023.
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Glucose syrup market was the dominant product and accounted for over 55% of the total demand in 2014 and is likely to register revenues worth over 44 billion by 2023. This product type is likely to witness highest gains over the forecast period owing to its increasing use for applications such as processed meats, convenience foods, sauces, bakery products, deserts and ice creams. It is cost effective and poses the ability to adjust the fermentation degree as per desired levels. High fructose corn syrup (HFCS) is another key application area for industry participants.
Food & beverages was the dominant application segment and accounted for over 60% of the total demand in 2014. This application is likely to witness gains with an estimated CAGR of over 3.5% up to 2023. Increasing consumer preference towards healthy foods coupled with product innovation is likely to drive starch derivatives demand for this application.
Emerging economies such as China & India are witnessing an increase in modified starch consumption owing to rapid industrialization and increase in per-capita middle class spending capacity. It is expected to witness an increase in utilization in areas of unexplored business applications such as functional foods, nutritional and healthcare.
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This latest Starch Derivatives market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Starch Derivatives industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report “Starch Derivatives Market Size Potential, Industry Outlook, Regional Analysis, Application Development, Competitive Landscape & Forecast, 2016 – 2023.”in detail along with the table of contents:
Key Insights in this Report
- Starch Derivatives market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Starch Derivatives market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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