According to MarketsandMarkets, the starch derivatives market is estimated to be valued at USD 50.9 billion in 2020 and is projected to reach USD 61.5 billion by 2025, recording a CAGR of 3.9%, in terms of value. It is witnessing significant growth due to increasing incorporation in a wide range of food applications and the cost-effectiveness offered by them, along with the enhanced functionalities they provide in comparison to native starch. The growing demand for processed and convenience food among consumers is creating the demand for starch derivatives. With the advancement of new technologies and innovative experiments in the food and beverage sector the incorporation of starch derivatives across various industries is increasing. Asia Pacific segment is going to dominate the market, due to its high production of processed food.
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Opportunities: Untapped application of starch derivatives
There are various application areas which are untapped and can be big opportunities for starch derivatives manufacturers. Expanding the commodity sources for extracting starch and combining modification processes add a wider range of probable applications to the list. Starch-derived glucose can be fermented to produce lactic acid, which may be polymerized for biodegradable films or bioplastics. Similarly, potato starch wastes may also be used as feedstock in fermentation reactions. Several polymers can be prepared using a variety of starch-based feedstock. Modified starch can also act as an excellent fermentation base for the bulk production of a wide variety of biotechnological products, such as organic acids, antibiotics, vitamins, and hormones.
By raw material, the corn is projected to account for the largest share in the starch derivatives market during the forecast period
Based on raw material, corn dominated the starch derivatives market. Corn is a staple food, and it is preferred across the globe due to its importance in the diets of several countries. It is used extensively as a thickening agent in soups and liquid-based foods such as sauces, gravies, and custards.
By type, glucose syrup is projected to account for the largest share in the starch derivatives market during the forecast period
Based on type, glucose syrup dominated the starch derivatives market. Glucose syrup finds its application in various food and non-food applications. It is primarily used in the food & beverage industry as sweetener, thickener, and moisture-retaining agent. It helps in providing texture, volume, improved stability, and longer shelf life to the product. It is also used in pharmaceutical industry.
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The Asia Pacific region dominated the starch derivatives market with the largest share in 2019, and it is also expected to grow with the highest CAGR
Asia Pacific region dominated the global starch derivatives market due to the increasing demand for processed food and rising industrial applications of starch derivatives. The technologies involved in starch processing have evolved in the region which is why starch derivatives are increasingly being demanded by many industries. Also, in recent years, food & beverage industry in the region has attracted huge investment. China being a major exporter of processed food worldwide has contributed further to the growth of Asia Pacific starch derivatives market.
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Archer Daniels Midland Company (US), Cargill (US), Ingredion (US), Tate & Lyle (UK), Roquette Frères (France), Grain Processing Corporation (US), Global Sweeteners Holdings Ltd. (Hong Kong), AGRANA (Austria), Gulshan Polyols (India), Fooding Company Limited (China), Foodchem International Corporation (China), Tereos (France), Molinos Juan Semino SA (Argentina), JP & SB International (Spain), and Gujarat Ambuja Export (India). ShreeGluco Biotech Private Ltd. (India), Varun Industries (India), Shubham Starch Chem Pvt. Ltd. (India), Matsutani Chemical Industry Co., Ltd. (Japan), Sanstar Bio-Polymers Ltd. (India), Jay Sardar Starch & Gum Consultant (India), B Food Science Co., Ltd. (Japan), Tirupati Starch & Chemicals Ltd. (India), Sinofi Ingredients (China), and Nagase & Co., Ltd. (Japan).
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