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Part of: Starch Derivatives Market (Global)

The Vietnam Starch Derivatives Market was valued at $713.3 Million in 2023 and projected to reach to $876.2 Million by 2028, representing a compound annual growth rate of 4.2%. Vietnam's starch derivatives market is poised for sustained growth driven by urbanization, rising disposable incomes, and the expansion of modern retail channels across the country.

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

  • Vietnam's growing food and beverage sector, coupled with rising demand for processed foods and industrial applications, is driving adoption of starch derivatives across multiple end-use segments.
  • The market in Vietnam benefits from increasing urbanization, changing consumer preferences, and expansion of the country's manufacturing base. During the forecast period from 2023 to 2028, Vietnam is expected to experience steady growth in starch derivatives consumption, supported by both domestic demand and export-oriented production.
  • Vietnam's strategic position in Southeast Asia and its competitive manufacturing landscape position the country as a key market for starch derivative suppliers.
  • The market dynamics in Vietnam reflect broader Asia Pacific trends while maintaining distinct local characteristics driven by Vietnam's unique agricultural and industrial capabilities..

Key Market Statistics

  • CAGR (2023-2028) 4.2% CAGR
  • Market Size, 2023 ~USD 713.3 Million
  • Forecast, 2028 ~USD 876.2 Million
  • Country Vietnam

Vietnam Starch Derivatives Market Overview

Market Valuation Growth :

Vietnam's starch derivatives market reached USD 713.3 million in 2023 and is expected to grow to USD 876.2 million by 2028, demonstrating strong regional expansion outpacing the global CAGR of 3.4%.

Food & Beverage Sector Expansion :

Vietnam's rapidly growing food and beverage industry is a primary driver, with increasing consumption of processed foods, bakery products, and convenience items fueling demand for starch derivatives as functional ingredients.

Industrial Application Growth :

Beyond food applications, Vietnamese manufacturers are increasingly adopting starch derivatives in textiles, paper, adhesives, and pharmaceutical sectors, diversifying market opportunities across multiple industries.

Competitive Regional Position :

With a 4.2% CAGR, Vietnam's starch derivatives market is experiencing faster growth than the global average, positioning the country as an emerging hub for both consumption and production in Southeast Asia.

Vietnam Starch Derivatives Market Dynamics

  • The increasing preference for processed and convenience foods among Vietnamese consumers, particularly in urban centers, continues to elevate demand for starch-based ingredients in food manufacturing.
  • Additionally, Vietnam's growing export-oriented food processing industry is creating significant opportunities for starch derivative suppliers. Looking ahead to 2028, the market will benefit from technological advancements in starch modification, growing awareness of functional food ingredients, and expanding applications in non-food sectors.
  • Foreign direct investment in Vietnam's food processing infrastructure and the country's strategic position in regional supply chains will further accelerate market penetration and innovation in starch derivative products..

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

      • Vietnam's starch derivatives market reached USD 713.3 million in 2023 with a projected value of USD 876.2 million by 2028.
      • Vietnam is experiencing a 4.2% CAGR, outpacing the global average of 3.4%, indicating accelerating regional demand.
      • Vietnam's food processing and industrial sectors are primary drivers of starch derivatives consumption.
      • Vietnam's competitive manufacturing ecosystem and agricultural base support 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

      Vietnam 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

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

      Segment202320242025202620272028CAGR (%)
      FEED59.561.463.565.968.471.23.6
      FOOD & BEVERAGE498.2516535.4556.6579.76054
      INDUSTRIAL155.6163171.1180189.6200.15.2
      TOTAL713.3740.4770.1802.4837.7876.24.2

      Target Audience

      • Food & Beverage Manufacturers : Vietnamese and regional F&B producers need market data to optimize ingredient sourcing, formulation strategies, and competitive positioning in Vietnam's expanding processed food sector.
      • Starch Derivative Suppliers : Global and regional suppliers require Vietnam-specific market intelligence to assess market entry opportunities, pricing strategies, distribution channels, and customer demand patterns.
      • Investment & Private Equity Firms : Investors evaluating opportunities in Vietnam's food processing and industrial sectors need detailed market forecasts and growth drivers to support due diligence and portfolio decisions.
      • Industrial Manufacturers : Companies in textiles, paper, adhesives, and pharmaceuticals need insights into Vietnam's starch derivative applications and supply availability for production planning and sourcing.
      • Market Research & Consulting Professionals : Analysts and consultants require Vietnam-specific data to support client advisory work, competitive benchmarking, and strategic recommendations in the Southeast Asian market.

      Key Companies in the Vietnam 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

      • Localized Market Intelligence : Gain Vietnam-specific insights on market size, growth trajectories, and regional dynamics that differ from global trends, enabling targeted business strategies for the Vietnamese market.
      • Competitive Landscape Analysis : Understand Vietnam's unique competitive environment, local player strategies, and market consolidation patterns to identify partnership and investment opportunities in the region.
      • End-Use Segment Breakdown : Access detailed segmentation of Vietnam's starch derivatives demand across food & beverage, textiles, paper, pharmaceuticals, and other industrial applications for precise market positioning.
      • Supply Chain & Manufacturing Insights : Evaluate Vietnam's production capacity, raw material sourcing, manufacturing capabilities, and export potential to optimize supply chain decisions and sourcing strategies.
      • Growth Driver Identification : Identify Vietnam-specific growth catalysts including urbanization trends, consumer behavior shifts, regulatory developments, and investment opportunities through 2028.

      Frequently asked questions

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

      Vietnam's starch derivatives market was valued at USD 713.3 million in 2023 and is expected to grow to USD 876.2 million by 2028.

      What is the growth rate for starch derivatives in Vietnam?

      Vietnam's starch derivatives market is projected to grow at a CAGR of 4.2% from 2023 to 2028, outpacing the global average.

      Which industries drive starch derivatives demand in Vietnam?

      Vietnam's primary demand drivers include food and beverage processing, pharmaceuticals, textiles, paper manufacturing, and adhesive production.

      How does Vietnam's market compare to global trends?

      Vietnam's 4.2% CAGR exceeds the global CAGR of 3.4%, reflecting stronger regional growth momentum and increasing industrialization.

      What factors support market growth in Vietnam through 2028?

      Vietnam's market growth is supported by urbanization, rising consumer demand for processed foods, export-oriented manufacturing, and agricultural production capabilities.

      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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