Starch Derivatives Market Size | USD 103.57 Billion by 2030 | Tate & Lyle PLC (United Kingdom)

kalpesh rajput

Apr 12, 2024 • 3 min read

Global Starch Derivatives Market to Reach US$103.57 Billion by 2030, Driven by Functional Versatility and Expanding Applications

Maximize Market Research, a leading provider of market research insights, has announced the upcoming release of a comprehensive report on the global starch derivatives market. The report forecasts the market to reach US$103.57 billion by 2030, growing at a steady CAGR of 5.5% from 2024.

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Market Overview

Starch derivatives are modified forms of starch, a natural carbohydrate found in various plants. These modified starches offer a wider range of functional properties compared to native starch, making them valuable ingredients across various industries. Starch derivatives are used as thickeners, stabilizers, binders, and emulsifiers in food and beverages, pharmaceuticals, cosmetics, paper production, and other applications.

Market Scope

The Maximize Market Research report provides a detailed analysis of the global starch derivatives market, covering key segments, growth drivers, and challenges. The report dives into the competitive landscape, identifying prominent players and their strategies. Additionally, it offers valuable insights into regional market dynamics and the impact of COVID-19 on the industry.

Segmentation Unveils Diverse Applications

By Type: Maltodextrin is the leading segment due to its extensive use in food & beverages, pharmaceuticals, and personal care. Cyclodextrins are gaining traction for their ability to encapsulate flavors and fragrances.
By Function: Thickening and stabilizing functionalities are in high demand, particularly in food processing applications.
By Raw Material: Corn starch is the dominant source material, but other options like wheat, potato, and tapioca are gaining traction due to regional variations and specific functional needs.
By Application: The food & beverage industry is the largest consumer of starch derivatives, followed by pharmaceuticals, paper production, and cosmetics.

Maltodextrin: A Versatile Starch Derivative

Maltodextrin, a type of soluble starch, is a popular ingredient due to its:

Versatility: It acts as a thickener, binder, and bulking agent in various food and beverage products.
Neutral Taste: It allows for flavor customization without altering the overall taste profile.
Reduced Calories: Compared to sugar, maltodextrin offers lower calorie content, catering to health-conscious consumers.
Functionality in Pharmaceuticals: It serves as a carrier for drugs, enhancing their stability and delivery.
Applications in Personal Care: It acts as a humectant in lotions and creams, retaining moisture and improving product texture.

Key Players Shaping the Starch Derivatives Market

North America: Cargill, Incorporated (US), Archer Daniels Midland Company (US), Ingredion Incorporated (US)
Europe: Tate & Lyle PLC (UK), Roquette Frères (France), Avebe (Netherlands)
Asia Pacific: Global Bio-chem Technology Group Company Limited (China), SPAC Starch Products (India) Limited (India), Thai Flour Industry Co., Ltd. (Thailand)

Regional Analysis Identifies Growth Prospects

The Asia Pacific region is expected to witness the fastest growth due to the rising demand for processed food and increasing disposable incomes. Europe and North America are mature markets with a focus on innovation and specialty starch derivatives.

COVID-19 Impact Analysis

The COVID-19 pandemic initially disrupted supply chains and demand for starch derivatives. However, the market has recovered steadily, with the rising demand for packaged food and hygiene products driving growth.

Key Questions Answered

What is the projected CAGR of the global starch derivatives market?
Which segment is expected to lead market growth?
Who are the key players in the starch derivatives industry?
What is the anticipated market size by 2029?
Which region presents the most promising growth opportunities?

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