04-Mar-2021 | Zion Market Research
As per the researchers at Zion Market Research, the valuation of the global starch derivatives market in 2018 was at around USD 58.01 billion and is projected to register about 3.89% CAGR during the forecast period to attain a value of around USD 78.02 billion by 2025. Few of the leading players within the global starch derivatives market include Roquette Frères; ADM; Emsland Group; Cargill Inc.; Agrana Group; Grain Processing Corporation; Ingredion Incorporated; Tate & Lyle PLC; Avebe U.A.; Global Bio-chem Technology Group Company Limited, among others.
Broad Range Of Applications In Several End-User Sectors To Drive Market Growth
The growth of the global starch derivatives market is majorly fueled by a broad range of applications of starch derivatives across several end-user sectors. Further, strict rules stimulating the usage of natural constituents across a number of sectors, comprising textile, pharmaceutical, cosmetics, and fermentation, is expected to drive market expansion. In addition, the rising stipulation for beverages & convenience food in developing economies across the world, the increasing population, and the rising per-capita income are also projected to fuel the growth of the global starch derivatives market during the coming period. Several key players are making massive investments in the R&D activities in order to step a strong foot within the starch derivative market, thus fueling the market expansion. Nevertheless, the rising cost of raw material and the enforcement of biofuel rules are a few of the factors expected to obstruct the expansion of the global starch derivatives market during the forecast period.
Based On Type, Modified Starch Segment Expected To Witness Accelerated Growth Rate
The biggest share in the global starch derivative market is held by the food & beverage industry. Demand for clean label, development in functional food products, and attaining cost-cutting in the production process are the key factors augmenting the modified starch applications within the food sector. The rising inclination of customers to low-calorie food products is also projected to drive several food & beverage processing firms to include modified starch to fulfill the rising demand for the low-calorie/functional food products.
North America Projected TO Surface As The Biggest Starch Derivatives Market During Forecast Period
The global starch derivatives market is projected to be governed by North America during the forecast period as a result of extensive corn availability that has applications in feed, food, and non-food. Further, the rising alertness and implementation of the starch derivatives’ functionalities in non-food and food industries have resulted in increasing stipulation for the components for diverse applications majorly in countries such as Canada, Mexico, and the US. A huge number of promising innovations and developments within the starch derivatives market are also expected to drive the market growth in this region. Furthermore, rising technological advancements in microencapsulation have helped the starch industry grow in developing regions such as the Asia Pacific and developed regions such as North America.
Browse the full “Starch Derivatives Market - By Source (Wheat, Corn, Potato, Cassava, And Other Sources), By Type (Modified Starch, Cyclodextrin, Maltodextrin, Hydrolysates, Glucose Syrups, And Others), By Application (Feed, Food & Beverage, Pharmaceutical Industry, Paper Industry, Cosmetics, Bioethanol, And Other Industrial Applications), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/starch-derivatives-market
The global starch derivatives market is segmented as follows:
Global Starch Derivatives Market is segmented by Type into), by Source into, by Application into; and by Geography.
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