According to the Latest Market Research Report “Starch Derivatives Market- By Type (Maltodextrin, Cyclodextrin, Hydrolysates, Glucose Syrup and Modified Starch); By Application (Food & Beverage, Cosmetics, Pharmaceutical, Animal Feed, Paper, Bioethanol) – Forecast (2016 – 2021)”, published by IndustryARC, Global Starch Derivatives Market is estimated to reach $68,667.4 million by 2021.
Browse 43 Market Tables, 32 Figures spread through 122 Pages and an in-depth TOC on “Global Starch Derivatives Market (2015 – 2021)”
The starch derivatives market has different end user applications because of its ability to provide different properties with the changing need. Starch derivatives are used as a binder to consolidate the mass and also to prevent it from drying out during cooking (sausages and processed meats); it acts as a stabilizer in food and beverages. Starch derivatives are mild in nature and it acts as a thickening agent in cosmetics products to provide stable viscosity under either very low or very high pH conditions, and stable to homogenization, high heat, and freezing conditions. Global starch derivatives market is estimated to grow at a rate of 5.7% CAGR to reach $68,667m by 2021.
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Starch derivatives have wide range of applications in food industry as a fat replacer, texture improver, nutritional value enhancer and so on. In addition, the functional advantages of starch derivatives over native starch in terms of solubility, viscosity and stability facilitates a robust platform for the wide spread use of these additives in packaged food production. The demand for packaged food products has been witnessing a consistent rise in the recent years, with emerging economies as the growth engines. Global packaged food market is estimated to value at $2.4 trillion in 2014 and is forecast to grow at approximately 4% CAGR in the coming years mainly due to rising population and disposable income.
The global starch derivatives market is driven by increasing demand and widening application base in food & beverages as well as pharmaceuticals industries. Glucose Syrup held the major share in this market. Asia-Pacific is the dominant market for starch derivative market and is estimated to reach $21,973.6m by 2021 at a CAGR of 7%. APAC and Europe plays a significant role in the starch derivatives market. Asia Pacific has gradually become a paramount region for starch derivatives complimented by their emerging industrial bases.
The key Players in this Market include:
• Cargill Inc.
• Ingredion Inc.
• Archer-Daniels-Midland Company
• Avebe U.A.
The starch derivatives industry is dominated by aforementioned key players with a wide distribution network and strong brand image. The industry is characterized by increasing demand, high product differentiation in ingredient formulation, high switching costs, and significant margins resulting in low buyer’s power. Top players have been consolidating their market presence through strategic acquisitions and expansions.
Various end-use applications included in the report are:
• Manufacturers of Starch derivatives
• Academic Institutions
• Government Regulatory Institutions
• Starch suppliers
• Paper making industry
• Animal feed and Livestock industries
• Food & Beverage product providers
The overall market is also presented from the perspective of different geographic regions and the key countries in each region.
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