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Part of: Starch Derivatives Market (Global)

The Thailand Starch Derivatives Market was valued at $886.2 Million in 2023 and projected to reach to $1073 Million by 2028, representing a compound annual growth rate of CAGR 3.9%. Thailand's starch derivatives market is poised for steady growth, driven by increasing food processing activities and rising consumer demand for convenience foods across the region.

Thailand Starch Derivatives Market (2023-2028) : Size and Share
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Market Size in USD 26.32 MN
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Thailand Starch Derivatives Market Trends and Insights

  • Thailand's position as a major agricultural producer and food processing hub in Southeast Asia drives significant demand for starch derivatives across multiple end-use applications.
  • The market in Thailand benefits from the country's robust cassava and corn production, which serve as primary feedstock for starch derivative manufacturing. During the forecast period from 2023 to 2028, Thailand's starch derivatives market is expected to experience steady expansion driven by rising consumption in food and beverage applications, particularly in processed foods, beverages, and confectionery products.
  • Thailand's growing export-oriented food processing industry and increasing domestic consumption patterns support market growth.
  • The country's strategic location in Asia Pacific and established supply chain infrastructure position Thailand as a key regional supplier of starch derivatives to neighboring markets..

Key Market Statistics

  • CAGR (2023-2028) CAGR 3.9%
  • Market Size, 2023 ~USD 886.2 Million
  • Forecast, 2028 ~USD 1073 Million
  • Country Thailand

Thailand Starch Derivatives Market Overview

Agricultural Powerhouse :

Thailand's robust agricultural sector, particularly cassava and rice production, provides abundant raw materials for starch derivative manufacturing, positioning the country as a key regional supplier.

Food Processing Hub :

As Southeast Asia's leading food processing center, Thailand's starch derivatives market benefits from strong domestic demand across bakery, confectionery, beverage, and processed food applications.

Export-Driven Growth :

Thailand's starch derivatives are exported throughout ASEAN and Asia-Pacific markets, with growing demand from neighboring countries supporting market expansion beyond domestic consumption.

Industrial Applications Expansion :

Beyond food, Thailand's starch derivatives market is expanding into pharmaceutical, textile, and paper industries, diversifying revenue streams and reducing dependency on food sector alone.

Thailand Starch Derivatives Market Dynamics

  • The country's competitive advantage in agricultural production and manufacturing capabilities positions it favorably for continued market expansion.
  • Government support for agricultural value-added products and investments in food technology infrastructure further strengthen market prospects.
  • By 2028, the market is expected to reach USD 1,073.0 million, reflecting the growing importance of starch derivatives in Thailand's food and industrial sectors.
  • Regional trade agreements and ASEAN integration will likely accelerate market opportunities, while sustainability initiatives in starch production may create new growth avenues for innovative manufacturers..

Related Ecosystem

Fandb Additives

Top Technologies
  • Dairy Products
  • Bakery Products
  • Polyglycerol Esters
  • Microorganism
  • Carbohydrates
Top Companies
  • AZELIS HOLDINGS SA
  • Archer-Daniels-Midland Company
  • Amway
  • UNILEVER PLC
  • DuPont de Nemours, Inc.

    Fandb Ingredients

    Top Technologies
    • Dairy Products
    • Bakery Products
    • Microorganism
    • Polydextrose
    • Carbohydrates
    Top Companies
    • AZELIS HOLDINGS SA
    • Archer-Daniels-Midland Company
    • Kerry Group plc
    • Amway
    • DSM FIRMMENICH

      Key Takeaways

      • Thailand's starch derivatives market reached USD 886.2 million in 2023 with projected growth to USD 1,073.0 million by 2028.
      • Thailand's 3.9% CAGR outpaces the global average of 3.4%, reflecting strong regional demand and agricultural advantages.
      • Thailand's abundant cassava and corn resources provide competitive feedstock advantages for starch derivative production.
      • Thailand's export-oriented food processing sector and regional supply chain position drive sustained market expansion through 2028.

      Starch Derivatives Market Report Scope

      Report Metric Details
      Base Year 2023
      Fastest Growing Segment –COSMETICS (Application)
      Forecast Period 2023–2028
      Growth Rate CAGR of 3.4% from 2023 to 2028
      Largest Segment DRY (Form)
      Market Size Base Year (Billions) ~USD 57.87 (2023)
      Revenue Forecast (Billions) ~USD 68.4 (2028)
      Segments Covered Type, Application, Source, Form

      Thailand Starch Derivatives Market Report Segmentation

      4 segment dimensions are covered across the global market.

      By Type

      • Cyclodextrin
      • Glucose Syrup
      • Hydrolysates
      • Maltodextrin
      • Modified Starch

      By Application

      • Feed
      • Food & Beverages
      • Industrial
      • –Bakery & Confectionery Products
      • –Beverages
      • –Cosmetics
      • –Medicines & Pharmaceuticals
      • –Other Food Applications
      • –Other Industrial Applications
      • –Papermaking
      • –Processed Foods
      • –Weaving & Textiles

      By Source

      • Arrowroot
      • Corn
      • Other Sources
      • Potato
      • Rice
      • Tapioca
      • Wheat

      By Form

      • Dry
      • Liquid

      THAILAND: STARCH DERIVATIVES MARKET, BY APPLICATION, 2023–2028

      Segment202320242025202620272028CAGR (%)
      FEED96.499.4102.7106.2110.1114.43.5
      FOOD & BEVERAGE557575.7596.2618.6643.1669.83.8
      INDUSTRIAL232.7242.1252.3263.4275.6288.84.4
      TOTAL886.2917.2951.2988.31028.810733.9

      Target Audience

      • Food & Beverage Manufacturers : Thai and regional F&B companies need market data to optimize ingredient sourcing, understand local demand trends, and identify growth opportunities in starch derivative applications.
      • Starch Producers & Suppliers : Domestic and international starch manufacturers require Thailand-specific insights to assess market potential, competitive positioning, and expansion opportunities in this key Southeast Asian market.
      • Investment & Private Equity Firms : Investors evaluating opportunities in Thailand's food processing and agricultural sectors need detailed market analysis to assess growth potential and identify acquisition or partnership targets.
      • Government & Trade Organizations : Thai government agencies and trade bodies use market intelligence to develop agricultural policies, support industry growth initiatives, and promote starch derivative exports regionally.
      • Industrial & Chemical Companies : Pharmaceutical, textile, and paper manufacturers in Thailand need market data to understand starch derivative availability, pricing, and supply reliability for their production operations.

      Key Companies in the Thailand Starch Derivatives Market

      CompanyHQOwnershipStrongest segments
      SOJITZ CORPORATIONJapanPublic CompanyMetals, minerals, and energy resources,Automotive, mobility, and industrial machinery,Infrastructure, power, and transportation (incl. IPP/IWPP, aircraft, marine),
      BUNGE LIMITEDUnited StatesPublic CompanySoybean Processing and Refining (incl. biodiesel & fertilizer),Softseed Processing and Refining (incl. biodiesel),Other Oilseeds Processing and Refining (specialty),
      SENSUS, INCUnited StatesPublic CompanySRT-100 and SRT-100+ systems,SRT-100 Vision systems,Sentinel service program and service contracts,
      AMWAYMalaysiaPublic CompanyHealth and wellness (NUTRILITE, bodykey, XS),Beauty and personal care (ARTISTRY, G&H, GLISTER, SATINIQUE),Home living systems (eSpring, ATMOSPHERE),
      ROYAL COSUNNetherlandsPrivate CompanyBeet sugar and co-products,Potato products (chilled, frozen, dried, specialties),Plant-based ingredients (inulin, starch, fruit and vegetable products),
      CARGILL, INCORPORATEDUnited StatesPrivate CompanyGrains and oilseeds origination, trading, processing, and distribution,Animal nutrition and supplements,Meat and poultry products,
      ADMUnited StatesPublic CompanyAg Services and Oilseeds (target-market relevant share),Carbohydrate Solutions (food and feed applications),Nutrition – Human,
      TATE & LYLEUnited KingdomPublic CompanySweeteners (bulk and specialty),Fibres,Starches, proteins, and functional flours,
      AGRANA BETEILIGUNGS-AGAustriaPublic CompanyFood and Beverage Solutions,ACS-Starch,ACS-Sugar,
      INGREDION INCORPORATEDUnited StatesPublic CompanyCommodity sweeteners (HFCS, glucose syrups, dextrose, high maltose),Specialty and modified starches (food texturizers and clean-label solutions),Industrial starches and biomaterial solutions,
      AVEBENetherlandsPrivate CompanyFood-grade potato starch and functional systems (Solvitose, Perfectasol, Eliane, Etenia, Paselli, Perfectacote, Perfectafilm),Potato protein and feed co-products (Solanic, Protamylasse, Protamyl, Protastar),Industrial starches for paper, construction, adhesives, textiles, inks (Casucol, Amylofax, Perfectamyl, Puramyl, Farinex, Avedex, Solvicol),
      THE SUKHJIT STARCH & CHEMICALS LTD.IndiaPublic CompanyMaize starch (native),Modified and pregel starches,Liquid glucose, high maltose syrup, malto dextrin,
      UNIVERSAL STARCH CHEM ALLIED LTDIndiaPublic CompanyMaize starch (native and modified),Dextrose monohydrate and anhydrous,Liquid glucose and syrups,

      SOJITZ CORPORATION

      Sojitz Corporation is a Japanese public company founded in 1862 with 26,789 employees. It operates as a diversified trading and investment company with a long-established presence in global markets.

      BUNGE LIMITED

      Bunge Limited is a United States-based public company founded in 1818 with 34,000 employees. It operates as a major global agribusiness and food ingredient company.

      SENSUS, INC

      Sensus, Inc. is a United States-based public company founded in 2010 with 60 employees. It operates as a specialized business within its sector.

      AMWAY

      Amway is a Malaysia-based public company founded in 1976 with 308 employees. It operates as a direct sales and consumer goods organization.

      ROYAL COSUN

      Royal Cosun is a private company based in the Netherlands with 4,528 employees. It operates within its industry sector with significant operational scale.

      CARGILL, INCORPORATED

      Cargill, Incorporated is a United States-based private company founded in 1865 with 155,000 employees. It is one of the largest privately-held agribusiness and food production companies globally.

      ADM

      ADM (Archer Daniels Midland) is a United States-based public company founded in 1902 with 41,147 employees. It operates as a major global processor of agricultural commodities and producer of food ingredients.

      TATE & LYLE

      Tate & Lyle is a United Kingdom-based public company founded in 1903 with 4,840 employees. It operates as a specialty food ingredients and solutions provider.

      AGRANA BETEILIGUNGS-AG

      Agrana Beteiligungs-AG is an Austria-based public company founded in 1988 with 8,353 employees. It operates as a producer of fruit preparations, starch products, and bioethanol.

      INGREDION INCORPORATED

      Ingredion Incorporated is a United States-based public company founded in 1906 with 11,200 employees. It operates as a global ingredient solutions provider for the food and industrial sectors.

      AVEBE

      Avebe is a Netherlands-based private company founded in 1919 with 1,155 employees. It operates as a producer of potato starch and starch-based products.

      THE SUKHJIT STARCH & CHEMICALS LTD.

      The Sukhjit Starch & Chemicals Ltd. is an India-based public company founded in 1943 with 1,336 employees. It operates as a producer of starch and chemical products.

      UNIVERSAL STARCH CHEM ALLIED LTD

      Universal Starch Chem Allied Ltd is an India-based public company founded in 1973 with 357 employees. It operates as a manufacturer of starch and allied chemical products.

      Reasons to Buy this Report

      • Thailand-Specific Market Sizing : Accurate valuation data for Thailand's starch derivatives market (USD 886.2M in 2023) with precise 5-year forecasts enabling confident investment and expansion planning decisions.
      • Regional Competitive Intelligence : Understand Thailand's position within Southeast Asia's starch derivatives landscape, identifying competitive advantages and market gaps specific to Thai manufacturers and suppliers.
      • End-Use Application Breakdown : Detailed analysis of starch derivative demand across Thailand's food processing, pharmaceutical, textile, and paper industries, guiding product development and market entry strategies.
      • Supply Chain Insights : Comprehensive understanding of Thailand's agricultural supply chain, raw material availability, and manufacturing capabilities for optimizing sourcing and production strategies.
      • Growth Opportunity Identification : Pinpoint high-growth segments and emerging applications within Thailand's market, supporting strategic planning for market penetration and revenue maximization through 2028.

      Frequently asked questions

      What is the current market size of starch derivatives in Thailand?

      Thailand's starch derivatives market was valued at USD 886.2 million in 2023 and is expected to reach USD 1,073.0 million by 2028.

      What is the projected growth rate for Thailand's starch derivatives market?

      Thailand's starch derivatives market is projected to grow at a CAGR of 3.9% from 2023 to 2028, outperforming the global average of 3.4%.

      What are the primary feedstock sources for starch derivatives in Thailand?

      Thailand's starch derivative industry primarily relies on cassava and corn as feedstock, leveraging the country's strong agricultural production capabilities.

      Which end-use sectors drive demand for starch derivatives in Thailand?

      Thailand's starch derivatives market is primarily driven by food and beverage applications, including processed foods, beverages, confectionery, and industrial uses.

      How does Thailand's market growth compare to global trends?

      Thailand's 3.9% CAGR exceeds the global starch derivatives market CAGR of 3.4%, indicating stronger regional growth momentum and market opportunity.

      RESEARCH METHODOLOGY

      This research involves the extensive use of secondary sources; directories; and databases (Bloomberg and Factiva) to identify and collect information useful for a technical, market-oriented, and commercial study of the Starch derivatives market. In-depth interviews were conducted with various primary respondents, such as key industry participants, Subject Matter Experts (SMEs), C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and to assess prospects.

      Secondary Research

      In the secondary research process, various sources, such as the Food and Agricultural Organization (FAO), United States Department of Agriculture (USDA), U.S. Food and Drug Administration (FDA) U.S. Food and Drug Administration (FDA), European Food Safety Authority (EFSA), World Health Organization (WHO), Consumer Healthcare Products Association (CHPA), European Federation of Associations of Health Product Manufacturers (EHPM), Canadian Health Food Association (CHFA), and Health Food Manufacturers' Association (HFMA), associations were referred to identify and collect information for this study. The secondary sources also include journals, press releases, investor presentations of companies, whitepapers, certified publications, articles by recognized authors and regulatory bodies, trade directories, and paid databases.

      Primary Research

      The Starch derivatives market encompasses various stakeholders involved in the supply chain, raw material manufacturers, raw material suppliers, regulatory organizations, and research institutions. To gather comprehensive information, primary sources from both the supply and demand sides were engaged. Primary interviewees from the supply side consisted of manufacturers, distributors, importers, and technology providers involved in the production and distribution of Precision fermentation. On the demand side, key opinion leaders, executives, and CEOs of companies in the Starch derivatives industry were approached through questionnaires, emails, and telephonic interviews. This approach ensured a comprehensive and well-rounded understanding of the Starch derivatives market from various perspectives.

      Starch Derivatives Market Primary Research

      To know about the assumptions considered for the study, download the pdf brochure

      Market Size Estimation

      The top-down and bottom-up approaches were used to estimate and validate the market’s and various dependent submarkets’ size. The research methodology used to estimate the market size includes extensive secondary research of key players, reports, reviews, and newsletters of top market players, along with extensive interviews from leaders, such as CEOs, directors, and marketing executives.

      Global Starch Derivatives Market Size: Bottom-Up Approach

      Starch Derivatives Market Bottom-Up Approach

      To know about the assumptions considered for the study, Request for Free Sample Report

      Global Starch Derivatives Market Size: Top-Down Approach

      Starch Derivatives Market Top-Down Approach

      Market Definition

      Starch is a naturally abundant nutrient carbohydrate consisting of a large number of glucose units, mainly obtained from natural sources such as corn, potatoes, wheat, rice, and other plant sources commonly prepared as a white amorphous powder. Starch derivatives are prepared by treating starch through different processes such as hydrolysis, extraction, purification, and chemical treatment to be utilized in a wide range of food and non-food applications. Starch derivatives are used for functions such as thickening, stabilizing, binding, and emulsification.

      Data Triangulation

      The data triangulation and market breakdown procedures explained above were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

      Key Stakeholders

      • Starch and starch derivative manufacturers and processors
      • Intermediate suppliers such as traders and distributors of starch and starch derivatives
      • Manufacturers of food & beverage ingredients, processed food, and feed
      • Other manufacturing industries such as the personal care, pharmaceutical, and papermaking industries
      • Government and research organizations
      • Associations, regulatory bodies, and other industry-related bodies:
        • Starch Europe
        • The Food and Agriculture Organization (FAO)
        • Food and Drug Administration (FDA)
        • US Department of Agriculture (USDA)
        • European Food Safety Agency (EFSA)
        • Agriculture and Agri-Food Canada
        • National Corn Grower Association - World of Corn
        • The International Food Additives Council (IFAC)
        • Food Processing Suppliers Association (FPSA)
        • Food Standards Australia New Zealand (FSANZ)

      Report Objectives

      • To define, segment, and project the global market for Starch derivatives on the basis of type, source, form, application, functionality, and region 
      • To provide detailed information regarding the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
      • To strategically analyze the micro markets with respect to individual growth trends, future prospects, and their contribution to the total market
      • To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
      • To project the size of the market and its submarkets, in terms of value with respect to the regions (along with the key countries)
      • To strategically profile the key players and comprehensively analyze their market position and core competencies
      • To analyze competitive developments in the Starch derivatives market, including joint ventures, mergers & acquisitions, new product developments, and research & development activities

      Available Customizations:

      With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

      The following customization options are available for the report:

      Product Analysis

      • Product Matrix, which gives a detailed comparison of the product portfolio of each company

      Geographic Analysis

      With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

      • Further breakdown of the Rest of the European Starch derivatives market, by key country
      • Further breakdown of the Rest of the Asia Pacific Starch derivatives market, by key country
      • Further breakdown of the Rest of South America Starch derivatives market, by key country

      Company Information

      • Detailed analyses and profiling of additional market players

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