The global starch derivatives market report published by FMI estimates the net worth of the present market to be around US$ 68 Bn in 2023 and predicts registering a CAGR of 4% from 2023 to 2033. Rapidly evolving consumer tastes and their preference for a healthy diet and rising consumer worries about food and nutrition, the starch derivatives market growth is expected to remain positive over the next ten years and reach a valuation of nearly US$ 100 Bn by 2033.
Additionally, it is a well-liked product in many end-use verticals, such as the pharmaceutical, food & beverage, paper pulp, textile fabrication, and many other industries due to its low manufacturing costs, simplicity of processing, quick biodegradability with exceptional physiochemical properties, and high calorific value. It’s expanding applications in a number of new end-use verticals including the pharmaceutical, and industrial chemical sectors as a culture medium, a dehumidifier, and a bulking agent have opened up several new avenues of growth for the growth in the last few years.
Get a Sample Copy @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15885
The functional traits of starch derivatives have a significant impact on how well they perform in the local market. The demand for different types of natural and organic food ingredients is also in across several countries, which would be instrumental in reorienting the global starch derivatives market key trends and opportunities.
Key Takeaways from the Starch Derivatives Market Study
- Given the broad range of practical properties displayed by corn starch derivatives as well as their ease of integration into a number of applications, the global market for corn-based starch and its derivatives is likely to expand throughout the forecast years.
- Maltodextrin is poised to become more popular as a thickener and filler in packaged meals and food items given its low cost as well as a rise in demand for new born and baby foods.
- Cyclodextrins are also often used in both the food industry and cosmetics industries. It is prominently employed as an additive in the commercial food industry to preserve tastes, get rid of unpleasant aromas, prevent browning reactions, and control microbiological contaminations.
- In the preceding years, the food and beverage sector held the highest market share of nearly 55% and is anticipated to grow at a faster rate than the previous decade.
- The United States is the leading country in the production and export of starch derivatives by the virtue of it being the highest producer of corn.
- China is emerging as a staunch competitor for the US in the global starch derivatives market given its strong base for other types of agriculture products.
Competitive Landscape for the Starch Derivatives Market
Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle, Roquette Frères, Cargill Incorporated, Fooding Company Limited, Foodchem International Corporation, Tereos SA, Molinos Juan Semino SA, Grain Processing Corporation, Global Sweeteners Holdings Ltd., AGRANA, JP & SB International, Varun Industries (India), Gujarat Ambuja Export, ShreeGluco Biotech Private Ltd., and Matsutani Chemical Industry Co., Ltd. Among others are some of the major players in the global starch derivatives market.
Due to the increased use of natural sweeteners in carbonated soft drinks and the growing popularity of energy drinks, the market penetration of starch derivative industry players is predicted to increase during the forecast years. Furthermore, their market penetration is anticipated to be supported by a surge in the product’s use across a number of non-edible sectors, like the manufacturing of renewable biofuels and adhesives.
Request for Report Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-15885
Key Segments
By Raw Material:
- Corn
- Cassava
- Potato
- Wheat
- Other Sources
By Type:
- Glucose Syrup
- Modified Starch
- Maltodextrin
- Hydrolysates
- Cyclodextrin
- Others
By Form:
- Dry
- Liquid
By Function:
- Stabilizing
- Emulsifying
- Binding
- Thickening
- Others
By Application:
- Food & beverages
- Industrial
- Papermaking
- Weaving & textiles
- Medicines & pharmaceuticals
- Cosmetics
- Adhesives
- Foundry
- Detergents
- Cardboard Manufacturing
- Feed
- Other Industrial Applications
Frequently Asked Questions
- What is the Growth Outlook of the Starch Derivatives Market?
- What is the projected Value of the Starch Derivatives Market By 2033?
- What was the Historical Size of the Starch Derivatives Market?
- Which Country is the largest Dominant Share Holder in the Starch Derivatives Market?
- Which Country has the Highest Growth Potential in the Starch Derivatives Market?
Buy Complete Report @ https://www.futuremarketinsights.com/checkout/15885
About Future Market Insights (FMI)
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Browse Other Reports: https://www.futuremarketinsights.com/reports