Global Starch Derivatives Market Growing Due To Increasing Demand for Convenience Food

2024-11-03 10:02:15 Lifestyle

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Transparency Market Research (TMR) has announced the publication of a new market study on the starch derivatives market. According to the research report, the global starch derivatives market, which was valued at US$45.3 bn in 2014, is expected to reach a figure of US$68.7 bn by 2021, showcasing a CAGR of 5.90% from 2015 to 2021.The report is titled ?Starch Derivatives Market by Product - Global Industry Analysis, Trend, Size, Share and Forecast 2015 ? 2021.?

The report suggests that the global starch derivatives market can be expected to display steady growth during the forecast period, due to an increase in the usage of starch derivatives by various industries. Increasing health awareness among the general populace and the consequently growing demand for natural sweeteners has driven the starch derivatives market globally. Moreover, the increasing demand for convenience food and beverages in countries such as India, China, Saudi Arabia, Brazil, Germany and the U.S. has aided the global starch derivatives market.

Browse the full Starch Derivatives Market report at :http://www.transparencymarketresearch.com/starch-derivatives-market.html

The rising demand for starch derivatives from the pharmaceutical industry and starch derivatives finding applications in industries such as paper, cosmetics, animal feed, biofuels, textile, paper and glue, food and beverages, and also the fermentation industry are expected to propel the market for starch derivatives to a large extent for the forecast period. Increase in the consumption of non-carbonated drinks and energy drinks has also fueled the market for starch derivatives, since these drinks contain ample amount of sweeteners.

The rising prices of raw materials and the growing use of substitutes for starch derivatives can prove to be disadvantageous for the starch derivatives market. Other restraining factors include the lack of customized starch derivative products and the availability of alternative products such as gum, hindering the starch derivatives market during the forecast period.

The report segments the starch derivatives market by product, application, and geography. Based on product type, the market is segmented into hydrolysates, maltodextrin, cyclodextrin, modified starch, and glucose syrup. Out of these products, glucose syrup held the largest market share in 2014 and is expected to expand at a CAGR of 5.70 from 2015 to 2021. Glucose syrup has the largest share in the total market owing to its application in industries such as paper, cosmetics, pharmaceuticals, and feeds. Glucose syrup is also used as a volume adding agent, flavor enhancer, and texture agent.

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By geography, the market for starch derivatives is segmented into North America, Europe, ROW and Asia Pacific. Out of these regions, Asia Pacific is the market leader, growing at a steady rate during the forecast period.

The report lists the key players in the starch derivatives market. The key companies mentioned in the report are as follows: Grain Processing Corporation Ingredion Incorporated, Archer Daniels Midland Company, Cargill, Incorporated, AGRANA Group, Roquette Fr?res S.A., Avebe U.A., and Tate & Lyle PLC.

The global starch derivatives market has been segmented in the report as follows:

Global starch derivatives market, by product type
Maltodextrin
Cyclodextrin
Glucose Syrup
Hydrolysates
Modified Starch

Global starch derivatives market, by application
Food and Beverages
Feed
Paper
Cosmetics
Pharmaceuticals
Others (including industrial applications, bio-ethanol, bio fuel, glue manufacturing etc.)

In addition, the report provides cross-sectional analysis of all the above segments with respect to the following geographies:

Global starch derivatives market, by geography

North America
U.S.
Canada
Rest of North America

Europe
Germany
U.K.
France
Italy
Rest of Europe

Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific

Rest of the World (RoW)
Latin America
Middle East
Africa