Global Starch Derivatives Market to Reach US$68.77 billion by 2021, Asia Pacific Projected to be Most Attractive Regional Market

2024-11-07 03:14:33 Lifestyle

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Transparency Market Research has published a new market report titled ?Starch Derivatives Market by Product Type (maltodextrin, cyclodextrin, glucose syrup, hydrolysates and modified starch), by Application Type (food & beverages, feed, paper, cosmetics, pharmaceuticals and others including industrial applications, bio-ethanol, bio fuel, glue manufacturing etc.) ? Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 ?2021.? According to the report, the global starch derivatives market was valued at US$45.30 billion in 2014 and is anticipated to reach US$68.77 billion by 2021, expanding at a CAGR of 5.9% from 2015 to 2021.

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

The global starch derivatives market is primarily driven by rise in demand for starch based food and beverages. Furthermore, rise in demand for starch derivatives in pharmaceutical industry is also a key factor supporting the growth of the market significantly. Strong demand for natural sweeteners in the food processing industry is expected to positively impact the growth of the global starch derivatives market over the forecast period. Rising consumption of non-carbonated drinks and energy drinks that contain ample natural sweeteners is expected to complement the growth of the global starch derivatives market. In addition, starch derivatives find major application in the food and beverages industry along with paper, animal feed, cosmetics and pharmaceutical sector; however, they are also used in bio-fuels, textile weaving and finishing, paper and glue production, and fermentation industries. Such widespread application is expected to further help in the growth of the global starch derivatives market during the forecast period. However, the restraining factor of the starch derivatives market is the rising raw material prices and growing usage of substitute products. Lack of customized starch derivative products coupled with availability of alternative products such as gum is projected to hinder growth of the starch derivatives market during the forecast period.

Factors such as increasing demand for convenience food and beverages in developing countries, rise in population, and increasing per capita income are propelling the growth of the starch derivatives market. Increasing demand for starch derivatives in the pharmaceutical industry is one of the promising factors supporting the growth of the market significantly. Steady expansion of the food and beverage industry is a key factor driving the growth of the starch derivatives market globally. Asia Pacific was the largest market for starch derivatives in 2014. It was followed by Europe and North America. Asia Pacific is the largest as well as the fastest growing regional market due to rising demand for starch derivatives in India and China.

Demand for starch derivatives in North America is expected to experience moderate growth during the forecast period due to its mature state of the market. North America was the third largest market for starch derivatives in 2014. The rise in demand for convenience foods and beverages in the U.S. and Canada is expected to drive growth of the starch derivatives market in North America.

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Currently, Europe is the second largest consumer of starch derivatives in the world. Europe is a mature market and is expected to grow at a moderate pace in the next few years. Pharmaceutical is the fastest-growing application segment of the starch derivatives market. Intense consumption of food & beverage products and starch usage in the food industry is the prime reason for such a major growth. The demand for corn starch is witnessing an upward trend.

In terms of revenue, the starch derivatives market in Asia Pacific was the largest in the world in 2014 and is expected to keep growing at a quick pace. This region is expected to be the largest regional market for starch derivatives, accounting for more than 30% during the forecast period. Asia Pacific would observe steady growth in the forecast period due to increasing consumption for starch based food and beverages. Asia Pacific accounted for the largest market share of starch derivatives in 2014. Rising demand for starch based foods & beverages, and increasing applications in pharmaceuticals sector in India and China is expected to drive growth of the starch derivatives market in Asia Pacific. In addition, Asia Pacific is likely to achieve the highest growth rate during the forecast period. This is due to emerging economies of the two most populated countries, namely, China and India.

The starch derivatives market in RoW is primarily driven by high demand for bakery and confectionary products in Brazil and Argentina. RoW is a growing market in terms of consumption of starch based food products. Demand for starch derivatives is increasing in Brazil and Argentina as these two countries have steady rate of growth. MEA is likely to witness significant growth owing to high demand for sweeteners from Egypt and South Africa. Further demand is expected to come from South Africa and Argentina. Due to consistent rise in population and increase in demand for starch derivatives, market leaders are establishing presence in these countries.

Key players in the starch derivatives market include Tate & Lyle PLC, Archer Daniels Midland Company, Ingredion Incorporated, Cargill, Incorporated, Roquette Fr?res S.A., AGRANA Group, Avebe U.A. and Grain Processing Corporation among others.

The report segments the starch derivatives market as follows:
Global Starch Derivatives Market, Product Segment Analysis
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.)

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