Starch Derivatives Market 2023 | Industry Trends, Growth and Forecast 2028
IMARC Group, a leading market research company, has recently releases report titled, “Starch Derivatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global starch derivatives market share, size, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the starch derivatives market?
|Market Size in 2022||US$ 52.3 Billion|
|Market Forecast in 2028||US$ 74.9 Billion|
|Growth rate (2023 to 2028)||CAGR of 6.40%|
|Base Year of the Analysis||2022|
What is starch derivatives?
Starch derivatives represent a group of organic compounds derived from starch, a complex carbohydrate found in plants. They include modified starch, cyclodextrin, starch esters, glucose syrup, maltodextrin, and hydrolysates. Starch derivatives are commercially produced by modifying starch using chemical, physical, and enzymatic methods. They are also renewable and biodegradable in nature, which aids in reducing adverse environmental impacts, promoting sustainability, and minimizing reliance on fossil fuel-based alternatives. As a result, these organic compounds find wide applications across the textile, cosmetics, pharmaceuticals, printing, papermaking, and packaging industries.
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What are the growth prospects and trends in the starch derivatives industry?
The widespread adoption of the product as an agent for thickening, emulsifying, stabilizing, and encapsulating, thereby enhancing texture, stability, and the preservation of flavor, fragrances, and nutrients, is primarily driving the starch derivatives market. Furthermore, the escalating demand for convenience and fast-food items, on account of changing dietary patterns, is also augmenting the market growth. Apart from this, the rising usage of these organic compounds in the pharmaceutical industry as excipients and drug delivery systems, improving binding, solubility, stability, bioavailability, and controlled release properties is positively influencing the global market. Moreover, the introduction of enzymatic methods in the manufacturing process, which uses specific enzymes, including amylase, pullulanase, and cyclodextrin glycosyltransferases (CGTases) to increase yield, selectivity, production efficiency, and functionalities, is further bolstering the market growth. Besides this, the increasing utilization of starch derivatives in the production of biodegradable packaging with eco-friendly, flexible, durable, strong, and barrier properties is acting as another significant growth-inducing factor. Additionally, the growing popularity of the product in cosmetics and personal care items, such as lotions, creams, shampoos, diapers, and sanitary pads, is expected to drive the starch derivatives market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
- Glucose Syrup
- Modified Starch
- Food and Beverages
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Agrana Group (AGRANA Zucker Stärke und Frucht Holding AG)
- Archer Daniels Midland Company
- Cargill Incorporated
- Foodchem International Corporation
- Grain Processing Corporation (Kent Corporation)
- Ingredion Incorporated
- JP & SB International
- Matsutani Chemical Industry Co., Ltd.
- Roquette Frères
- ShreeGluco Biotech Private Ltd.
- Tate & Lyle PLC
- Tereos S.A, etc.
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