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.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
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%.
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.
Beyond food applications, Vietnamese manufacturers are increasingly adopting starch derivatives in textiles, paper, adhesives, and pharmaceutical sectors, diversifying market opportunities across multiple industries.
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.
| 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 |
4 segment dimensions are covered across the global market.
| Segment | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | CAGR (%) |
|---|---|---|---|---|---|---|---|
| FEED | 59.5 | 61.4 | 63.5 | 65.9 | 68.4 | 71.2 | 3.6 |
| FOOD & BEVERAGE | 498.2 | 516 | 535.4 | 556.6 | 579.7 | 605 | 4 |
| INDUSTRIAL | 155.6 | 163 | 171.1 | 180 | 189.6 | 200.1 | 5.2 |
| TOTAL | 713.3 | 740.4 | 770.1 | 802.4 | 837.7 | 876.2 | 4.2 |
| Company | HQ | Ownership | Strongest segments |
|---|---|---|---|
| SOJITZ CORPORATION | Japan | Public Company | Metals, minerals, and energy resources,Automotive, mobility, and industrial machinery,Infrastructure, power, and transportation (incl. IPP/IWPP, aircraft, marine), |
| BUNGE LIMITED | United States | Public Company | Soybean Processing and Refining (incl. biodiesel & fertilizer),Softseed Processing and Refining (incl. biodiesel),Other Oilseeds Processing and Refining (specialty), |
| SENSUS, INC | United States | Public Company | SRT-100 and SRT-100+ systems,SRT-100 Vision systems,Sentinel service program and service contracts, |
| AMWAY | Malaysia | Public Company | Health and wellness (NUTRILITE, bodykey, XS),Beauty and personal care (ARTISTRY, G&H, GLISTER, SATINIQUE),Home living systems (eSpring, ATMOSPHERE), |
| ROYAL COSUN | Netherlands | Private Company | Beet sugar and co-products,Potato products (chilled, frozen, dried, specialties),Plant-based ingredients (inulin, starch, fruit and vegetable products), |
| CARGILL, INCORPORATED | United States | Private Company | Grains and oilseeds origination, trading, processing, and distribution,Animal nutrition and supplements,Meat and poultry products, |
| ADM | United States | Public Company | Ag Services and Oilseeds (target-market relevant share),Carbohydrate Solutions (food and feed applications),Nutrition – Human, |
| TATE & LYLE | United Kingdom | Public Company | Sweeteners (bulk and specialty),Fibres,Starches, proteins, and functional flours, |
| AGRANA BETEILIGUNGS-AG | Austria | Public Company | Food and Beverage Solutions,ACS-Starch,ACS-Sugar, |
| INGREDION INCORPORATED | United States | Public Company | Commodity sweeteners (HFCS, glucose syrups, dextrose, high maltose),Specialty and modified starches (food texturizers and clean-label solutions),Industrial starches and biomaterial solutions, |
| AVEBE | Netherlands | Private Company | Food-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. | India | Public Company | Maize starch (native),Modified and pregel starches,Liquid glucose, high maltose syrup, malto dextrin, |
| UNIVERSAL STARCH CHEM ALLIED LTD | India | Public Company | Maize starch (native and modified),Dextrose monohydrate and anhydrous,Liquid glucose and syrups, |
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 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. is a United States-based public company founded in 2010 with 60 employees. It operates as a specialized business within its sector.
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 is a private company based in the Netherlands with 4,528 employees. It operates within its industry sector with significant operational scale.
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 (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 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 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 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 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. 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 is an India-based public company founded in 1973 with 357 employees. It operates as a manufacturer of starch and allied chemical products.
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.
Vietnam's starch derivatives market is projected to grow at a CAGR of 4.2% from 2023 to 2028, outpacing the global average.
Vietnam's primary demand drivers include food and beverage processing, pharmaceuticals, textiles, paper manufacturing, and adhesive production.
Vietnam's 4.2% CAGR exceeds the global CAGR of 3.4%, reflecting stronger regional growth momentum and increasing industrialization.
Vietnam's market growth is supported by urbanization, rising consumer demand for processed foods, export-oriented manufacturing, and agricultural production capabilities.
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.
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.
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.

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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.

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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.
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.
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