Starch Derivatives Market to Be Valued Beyond $75 Billion by 2024 – Industry Report by Hexa Research

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Increasing demand for sweeteners in several food items for example carbonated & energy drinks and bakery & confectionary will propel growth in the next seven years (2016-2024). Rising pharmaceutical industry in nations such as India, the U.S, Saudi Arabia, Brazil, and China is anticipated to boost for “starch derivatives market”.

The global starch derivatives industry size is expected to increase significantly over the next seven years on account of growing usage in processed pharmaceuticals, foods and beverages. Easy integration in a broad range of food products and increasing demand for adhesives in industries is expected to drive the starch derivatives market. Moreover, its growing demand as a stabilizer, binder, emulsifier and thickening agents is likely to augment the industry growth in the next seven years.

Major application of starch derivatives in food and beverage industry along with animal feed, paper, pharmaceuticals and cosmetic industry is anticipated drive market growth over the upcoming years. In addition, use of these derivatives in textile weaving, bio-fuels, glue production and fermentation industries is likely to boost the market during the forecasting period.

Growing consumer awareness regarding nutrition and health along with shifting inclination towards healthy appetite is expected to be a key driver for industry expansion. Increasing demand for natural sweeteners in soft drinks and energy drinks will increase the market size over the forecast period. However, variation in raw material prices is expected to restrain industry development. In addition, growing application of substitutes such as gum is likely to restrict starch derivative demand.

Technological developments in developing countries such as China, India, and Brazil to develop pharmaceutical products are anticipated to create opportunities for market growth. Moreover, increasing support from the government to encourage natural ingredients is likely to open new avenues over the upcoming years.

Global starch derivatives by product types are glucose syrup, maltodextrin, cyclodextrin, hydrolysates and modified starch. Glucose syrup derivative captured a significant industry share and is anticipated to observe substantial growth in the future on account of rising consumption of desserts, ice creams, processed meats, bakery products, and sauces. Glucose syrup finds its usage in various industries such as pharmaceuticals, paper and cosmetics and is likely to boost the market owing to rapid urbanization in developing countries. Moreover, glucose syrup is used as a texture agent, flavour enhancer, volume-adding agent, and inhibitor of sugar from crystallizing in drinks which are further likely to drive its demand in the beverage industry.

Maltodextrin is anticipated to observe significant market growth owing to its increasing use in various industries including cosmetics, food, paper, pharmaceuticals, construction, textile, paints, and coatings industry over the next seven years. Moreover, rising demand for maltodextrin as a filler and thickener in processed food industry on account of its inexpensive character will drive industry development.

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Global starch derivatives by the application are food & beverages, animal feed, cosmetics, paper, pharmaceuticals, and others (bio fuel, bio ethanol, and industrial applications).

Food & beverages were the largest applications sector is likely to observe significant expansion on account of growing population and consumption for packaged food in countries including India, China, and Brazil.

Pharmaceuticals are expected to witness substantial growth owing to increasing per capita income, and development in the healthcare industry. Moreover, increasing pharmaceutical industry in China and India is expected to offer significant opportunities for the next seven years.

Asia Pacific was the largest starch derivative market and is likely to witness high growth owing to the expansion of the pharmaceuticals and food & beverages industry in India, China, South Korea, Philippines, Indonesia, and Thailand. Ongoing developments in bio fuel, textile, and paper industry will propel industry expansion in Asia Pacific over the upcoming years.

North America is expected witness growth on account of the expansion of the food & beverage and pharmaceutical industry in the U.S. and Canada. Europe is likely to show considerable increment on the account of rapid growth in textile, beverage and personal care and textile industry in UK, Italy, Spain and Germany.

Latin America starch derivative market was dominated by Brazil on account of rapid urbanization and improvements in living standards are anticipated to boost demand in the region over the forecast period. High demand for sweeteners in Saudi Arabia and Egypt is likely to create immense market potential in MEA.

Key industry participants are Tate & Lyle PLC, Cargill Inc., Archer Daniels Midland Company, Roquette Frères S.A., Ingredion Incorporated, Avebe U.A., AGRANA Group and Grain Processing.

Other prominent players are Emsland-Starke Gmbh, RAQUETTE, BENEO GmbH, Grain Processing Corporation, Lipoid GmbH, LASENOR EMUL, S.L., Penford Corporation and Stern-Wywiol Gruppe GmbH & Co. KG,

In February 2016, Cargill Inc. inaugurated a 500,000 ton starch and sweetener plant in Brazil, with total capital investment of USD 214 million.

Read Press Release on “Starch Derivatives Market” @

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