PUBLISHER: 360iResearch | PRODUCT CODE: 1471311
PUBLISHER: 360iResearch | PRODUCT CODE: 1471311
[192 Pages Report] The Starch Derivatives Market size was estimated at USD 55.04 billion in 2023 and expected to reach USD 59.93 billion in 2024, at a CAGR 8.97% to reach USD 100.45 billion by 2030.
Starch derivatives are modified and enhanced forms of starch that have been chemically, physically, and enzymatically altered to change their inherent properties. Starches are long-chain polymeric carbohydrates that hold substantial untapped potential. They are in high quantities in staple foods, including potatoes, wheat, corn, and rice. Starch derivatives play a fundamental role in a wide range of applications, including pharmaceutical, food & beverage, paper industry, and cosmetics industry due to their versatility. Burgeoning demand for convenient and processed foods further presses the need for starch derivatives. Additionally, increased uses in cosmetics and pharmaceuticals, coupled with a growing awareness of natural ingredients, propel the market forward. Fluctuating raw material prices can potentially impede market growth. Moreover, the stringent regulations governing the use of certain starch derivatives, specifically in foods and pharmaceuticals, pose a challenge. Furthermore, the growing demand for organic and clean-label products drives innovations in the market. The rise in the use of biofuels and biomaterials expands the horizon for potential opportunities in this market.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 55.04 billion |
Estimated Year [2024] | USD 59.93 billion |
Forecast Year [2030] | USD 100.45 billion |
CAGR (%) | 8.97% |
Type: Wide applications of modified starch due to its specific characteristics such improved texture and structure
Cyclodextrin is a starch derivative formed by enzymatic conversion. It is commonly used in the pharmaceutical industry for drug delivery due to its capability to enhance the solubility and stability of drugs. Glucose Syrup is extensively used in the food & beverage industry, particularly in confectionery and baking, due to its sweetening and textural properties. Hydrolysates, typically malted hydrolysates, are valued in the food and beverage industry because of their health benefits, such as promoting gut health and improving athletic performance. Maltodextrin, a product of partial hydrolysis of Starch, is widely used in the food and beverage industry as a texture modifier, sweetener, and shelf-life extender. Modified starch encompasses a variety of starch derivatives used across various industries, such as food and beverages, paper, pharmaceuticals, etc., due to their thickening and gelling properties.
Raw Material: Growing significance of cassava based starch derivatives as it overcome limitations including low solubility and freeze-thaw stability
Cassava starch derivatives, owing to their unique textural properties and superior viscosity, find extensive use in the food industry, especially in the preparation of bakery goods and meat products. They are in growing demand for the production of bioplastics and ethanol fuels. Corn-based starch derivatives are prized for their clarity and binding strength and are primarily used in the papermaking and textile industries. Furthermore, they find significant usage in the production of corn syrup, a popular sweetening agent. High in amylose, potato-based starch derivatives are known for their excellent gel strength and film-forming capabilities. They are preferred in the food industry for thickening and stability purposes. Potato starch derivatives are commonly used in the pharmaceutical industry as excipients. Wheat starch derivatives have a wide range of uses due to their diversified mixture of amylose and amylopectin. Besides widespread use in the food industry, they are also utilized in papermaking, adhesives, and biofuel production.
Form: Increasing preference for dry starch from due to its long shelf-life and cost-effectiveness
Dry starch derivatives available in powdered and granulated forms. These are popular due to their ease of handling, storage, and transportation benefits. Known to ensure product stability in food and beverage items, these are often used as thickeners, stabilizers, and emulsifiers. Liquid starch derivatives, suitable for applications that demand a fluid form, are widely used in industries such as pharmaceuticals where precision and controlled dispensability are required. They serve majorly as binders and coating agents, ensuring consistency and stability even under extreme conditions.
Application: Expanding application of starch derivatives across pharmaceutical industry due to the innovation of starch-based drug delivery systems
Starch derivatives, particularly modified starch, are extensively used in cosmetics due to their thickening and absorption qualities. These attributes help enhance product stability and feel on the skin. In the animal feed industry, starch derivatives are feed additives for livestock, poultry, and pet food, providing a source of energy for animals and aiding digestion. Starch derivatives are essential in the food & beverage industry as they increase the texture of products and act as thickeners, stabilizers, and bulking agents. Starch derivatives are used in pharmaceuticals for binding, disintegrating, and coating purposes in the production of tablets and capsules. Starch derivatives play a significant role in the paper & textiles industry as they are used for surface sizing, coating, and adhesive applications.
Regional Insights
The American region witnessed a consistent increment in the demand for starch derivatives due to their widespread application across industries such as food, pharmaceutical, animal feed, and cosmetic sectors, to name a few. Urbanization, population growth, and rising health consciousness in these countries have directly impacted consumer trends, resulting in increased consumption of starch derivatives. In the EMEA region, the European Union has remained the major consumer of starch derivatives, with robust consumption in the food and beverage and pharmaceutical industries. Moreover, rising attention towards sustainable products in Europe has spurred the demand for bio-based starch derivatives. Simultaneously, consumer needs in the Middle East and Africa regions are evolving, with increased investment in starch derivatives production to reduce dependency on imported foods. In the Asia Pacific region, rapid industrialization, coupled with a large population, contributes to the growth of the starch derivatives market. The demand for bio-ethanol, a prime end-user of starch derivatives, bolsters the market growth across the region.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Starch Derivatives Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Starch Derivatives Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Starch Derivatives Market, highlighting leading vendors and their innovative profiles. These include Archer Daniels Midland Company, BENEO Inc., Bluecraft Agro, Cargill, Incorporated, Emsland Group, Foodchem International Corporation, Fooding Group Limited, Global Sweeteners Holdings Limited, Grain Processing Corporation by KENT Corporation, HL Agro, Ingredion Incorporated, JP&SB Converting & Services International, S.L, Molinos Juan Semino SA, Royal Avebe, Royal Ingredients Group, SPAC Starch Products Private Limited, SSP Pvt Limited., Sudstarke GmbH, Tate & Lyle PLC, The Agrana Group, and Visco Starch.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Starch Derivatives Market?
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3. What are the technology trends and regulatory frameworks in the Starch Derivatives Market?
4. What is the market share of the leading vendors in the Starch Derivatives Market?
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