Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 38.69 Billion | USD 98.59 Billion | 9.8% | 2023 |
According to Zion Market Research, the global Starch Derivatives Market was worth USD 38.69 Billion in 2023. The market is forecast to reach USD 98.59 Billion by 2032, growing at a compound annual growth rate (CAGR) of 9.8% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Starch Derivatives Market industry over the next decade.
The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on value (USD Billion).
The starch derivative also referred to as modified starch is manufactured through physical, chemical, and enzyme treatment of natural starch for altering its features. The product is utilized in myriad starch applications like thickening agents in food items, dis-integrant in pharmaceuticals, stabilizers & emulsifiers in food products, and binders in coated paper.
Moreover, starch is modified or derived for improving the performance of starch in various applications. In addition to this, starch is altered for enhancing its stability against extreme temperatures & cooling, increasing or lessening the gelatinization period, increasing starch visco-stability, and altering food texture. Apparently, a starch derivative can also be soluble in cold water and utilized as a liquid syrup for producing a sweetener.
The massive use of starch derivatives in bonding & antibacterial features of recycled fibers will prompt the expansion of the starch derivative industry in the ensuing years. Growing consumer concerns pertaining to health & nutrition and inclination toward a healthy diet will promote market trends. In addition to this, the escalating requirement for natural sweeteners in energy drinks as well as non-carbonated soft drinks will enhance the market penetration across the globe in the ensuing years.
Furthermore, the large-scale use of additives in pie fillings, pasta, sauces, salad dressings, noodles, and gravies will proliferate the growth of the starch derivatives industry over the forecast timeline. Nevertheless, fluctuations in raw material costs and huge investments in research activities are likely to pose a threat to the growth of the starch derivatives market in the years ahead.
Furthermore, breakthroughs in food processing methods in countries such as India, Brazil, and China are projected to offer new growth avenues for the starch derivatives industry over the years to come. Large-scale demand for a convenient diet in emerging economies will translate into huge demand for starch derivatives in the forthcoming years. With starch playing a vital role in textile weaving, bio-fuel production, and glue manufacturing, the market for starch derivatives is anticipated to gain traction over the ensuing years.
Report Attributes | Report Details |
---|---|
Report Name | Starch Derivatives Market |
Market Size in 2023 | USD 38.69 Billion |
Market Forecast in 2032 | USD 98.59 Billion |
Growth Rate | CAGR of 9.8% |
Number of Pages | 110 |
Key Companies Covered | Emsland Group, Grain Processing Corporation, Roquette Frères, Avebe U.A., ADM, Cargill Inc., Ingredion Incorporated, Agrana Group, Tate & Lyle PLC, and Global Bio-chem Technology Group Company Limited. |
Segments Covered | By Type, By Source, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The expansion of the starch derivatives industry in North America over the assessment timeframe is due to massive demand for the product in the pharmaceutical and food & beverages sectors in Mexico, the U.S., and Canada. In addition to this, growing awareness about the benefits of the product in these countries will further contribute to the overall market size in the upcoming years. Breakthroughs in microencapsulation techniques have resulted in humungous growth of the starch derivatives industry in the sub-continent in recent years.
Key participants profiled in the study are
By Type
By Source
By Application
By Region
FrequentlyAsked Questions
Starch derivatives are modified forms of starch derived by changing the chemical, physical, or enzymatic character of natural starch. These changes improve some properties including solubility, stability, texture, and utility, therefore rendering starch derivatives appropriate for many industrial uses. Food, pharmaceutical, textile, paper, and personal care sectors all find regular application for starch derivatives.
In processed foods, beverages, and confectionery, starch derivatives find extensive application as thickeners, stabilisers, emulsifiers, and sweeteners. This market is driven in part by growing demand for clean-label products and convenience foods.
According to Zion Market Research, the global Starch Derivatives Market was worth USD 38.69 Billion in 2023. The market is forecast to reach USD 98.59 Billion by 2032.
According to Zion Market Research, the global Starch Derivatives Market a compound annual growth rate (CAGR) of 9.8% during the forecast period 2024-2032.
The expansion of the starch derivatives industry in North America over the assessment timeframe is due to massive demand for the product in the pharmaceutical and food & beverages sectors in Mexico, the U.S., and Canada.
Key participants profiled in the study are Emsland Group; Grain Processing Corporation; Roquette Frères; Avebe U.A.; ADM; Cargill Inc.; Ingredion Incorporated; Agrana Group; Tate & Lyle PLC; and Global Bio-chem Technology Group Company Limited.
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