Global Starch Derivatives Market, By Application (Food & beverages, Industrial, Papermaking, Weaving & textiles, Medicines & pharmaceuticals, Cosmetics, Other industrial applications, Feed), Type (Glucose syrup, Modified starch, Maltodextrin, Hydrolysates, Cyclodextrin), Raw Material (Corn, Cassava, Potato, Wheat, Others raw materials), Form (Dry, Liquid) - Industry Trends and Forecast to 2029.
Starch Derivatives Market Analysis and Size
The expansion of the starch derivatives market is being driven by increased applications in processed foods, confectionery and beverages, pharmaceuticals, paper manufacturing, and other industries. Starch derivatives producers have been working hard to provide a multifunctional ingredient that meets customer expectations.
Data Bridge Market Research analyses that the starch derivatives market which was valued at USD 1.5 billion in 2021 and is expected to reach the value of USD 2.26 billion by 2029, at a CAGR of 5.28% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Starch Derivatives Market Scope and Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Application (Food & beverages, Industrial, Papermaking, Weaving & textiles, Medicines & pharmaceuticals, Cosmetics, Other industrial applications, Feed), Type (Glucose syrup, Modified starch, Maltodextrin, Hydrolysates, Cyclodextrin), Raw Material (Corn, Cassava, Potato, Wheat, Others raw materials), Form (Dry, Liquid)
U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Cargill Incorporated (U.S.), ADM (U.S.), Nsmfoodlimited (Australia), DSM (Netherlands), Kerry Group plc (Ireland), Ingredion (U.S.), Tate & Lyle (U.S.), Matna foods LTD (Nigeria), Agrana Beteiligungs-AG (Austria) Grain Processing Corporation (U.S.) Roquette Frères (France), Gulshan Polyols Ltd. (India), Foodchem International Corporation (China), Tereos (France), Molinos Juan Semino SA (Argentina), JP & SB International (Spain), ShreeGluco Biotech Private Ltd. (India)
Starch derivatives is a fine white powder derived from maize, wheat, tapioca, potato, waxy maize, and high amylose maize with a neutral odour and taste. It is found primarily in seeds, roots or tubers, stem pith, and fruit and is a significant energy reserve for plants. Starch derivatives is used as a binder, thickener, and gelling agent with freeze-thaw stability, moisture retention, and anti-staling properties.
Global Starch Derivatives Market Dynamics
- Expansion in global food and beverage sector especially in processed food
Future trends in the starch derivatives market show that starch is one of the most common carbohydrate sources and is used to make foods such as soups, custards, desserts, and sauces. This, along with the thriving food and beverage industry, is propelling the global starch derivatives market forward. Furthermore, the demand for low-calorie sweeteners is rising due to increased health awareness, an increase in diabetic cases, unhealthy food consumption, and sedentary lifestyles. Furthermore, there is an increase in demand for starch derivatives, particularly in developing economies, due to the growing economy, rapid urbanization, an increase in the middle-class population, and the growing tendency to the westernization of food consumption patterns.
- Technological advancements
Rising technological advancement and modernization has resulted in advanced product innovations and diversification in various applications which directly impacts the market growth. Growing demand for confectionaries and ready to eat items among customer aids to the market growth. Furthermore, starch is important in the biofuel, glue, textile weaving and finishing, and fermentation industries, which will significantly push the market growth.
Numerous untapped application areas can provide significant opportunities for starch derivatives manufacturers. Extending the commodity sources for starch extraction and combining modification processes adds to the list of possible applications. Glucose derived from starch can be fermented to produce lactic acid, which can then be polymerized to create biodegradable films or bioplastics. Similarly, potato starch wastes can be used as a source of carbon in fermentation reactions. A variety of starch-based feedstock can be used to make a variety of polymers. Modified starch can also be used as an excellent fermentation base for the large-scale production of a wide range of biotechnological products, including organic acids, antibiotics, vitamins, and hormones.
High costs of research and development procedures combined with a growing gum Arabic market, are likely to stymie the growth of starch derivatives during the forecast period. Volatility in raw material prices and increasing legislation and regulations will pose the greatest challenge to market growth.
This starch derivatives market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the starch derivatives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Starch Derivatives Market
The pandemic has had an impact on every sector of the economy. During the first wave, the protein-based fat replacer market had taken a hard hit. During that time, most manufacturers experienced sluggish deals. The pandemic had compelled consumers to increase their consumption of health-promoting products. The awareness and demand for protein-based fat substitutes began to grow, and it has since become a critical result of the fat substitutes market. After the pandemic era, this market is expected to be on track.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
- In November 2019, Henan Doing Mechanical Equipment Co., Ltd displayed its Corn processing machines at the China Commodities Expo-Global 2019 in Lagos. The company introduced new production technology, Corn processing machines with new designs, and other product offerings. The company is expanding its operations in Global due to increased demand for corn starch in the global market.
Global Starch Derivatives Market Scope
The starch derivatives market is segmented on the basis of application, type, raw material, form. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Food & beverages
- Bakery & confectionery products
- Processed foods
- Other food applications (snacks and cereals)
- Weaving & textiles
- Medicines & pharmaceuticals
- Other industrial applications
- Glucose syrup
- Modified starch
- Others raw materials
Starch Derivatives Market Regional Analysis/Insights
The starch derivatives market is analysed and market size insights and trends are provided by country, application, type, raw material, form as referenced above.
The countries covered in the global starch derivatives market are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific was the most important region in the starch market, and it is expected to grow rapidly during the forecast period. This is due to the fact that high economic growth in Asia-pacific countries has influenced consumer lifestyles and consumption patterns. People in this region have begun to consume more packaged food and beverages, increasing demand for corn starch products over time. However, due to the presence of a large number of local players in the region, North America is expected to grow at a consistent rate throughout the forecast period.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Starch Derivatives Market Share Analysis
The starch derivatives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to starch derivatives market.
Some of the major players operating in the starch derivatives market are:
- Cargill Incorporated (U.S.)
- ADM (U.S.)
- Nsmfoodlimited (Australia)
- DSM (Netherlands)
- Kerry Group plc (Ireland)
- Ingredion Incorporated (U.S.)
- Tate & Lyle (U.S.)
- Matna foods LTD (Nigeria)
- Agrana Beteiligungs-AG (Austria)
- Grain Processing Corporation (U.S.)
- Roquette Frères (France)
- Gulshan Polyols Ltd. (India)
- Foodchem International Corporation (China)
- Tereos (France)
- Molinos Juan Semino SA (Argentina)
- JP & SB International (Spain)
- ShreeGluco Biotech Private Ltd. (India)