Starch Derivatives Market

Starch Derivatives Market Size & Share - Future Growth Prediction

The global starch derivatives market size is estimated to be valued at USD 57.9 billion in 2023 and is projected to reach USD 68.4 billion by 2028, recording a CAGR of 3.4% in terms of value.

Starch Derivatives Market Growth Can be Attributed to Several factors that Include:

  • Increased Demand in Food and Beverage Industry: Starch derivatives find extensive usage in the food and beverage industry as stabilizers, thickeners, and emulsifiers. The growing demand for processed and convenience foods, along with the need for clean label ingredients, has propelled the market growth.
  • Rising Consumption of Convenience Foods: With changing lifestyles and increasing urbanization, there's a growing preference for convenience foods, driving the demand for starch derivatives as they improve texture, stability, and shelf-life of these products.
  • Expansion of Pharmaceutical Industry: Starch derivatives are also used in pharmaceuticals as binders, disintegrants, and fillers in tablet formulations. The expanding pharmaceutical industry, particularly in emerging markets, contributes to the market growth.
  • Growing Demand for Bio-based Products: Consumers' increasing preference for eco-friendly and sustainable products has led to a surge in demand for bio-based starch derivatives. These derivatives are derived from renewable sources like corn, wheat, and tapioca, reducing environmental impact and appealing to environmentally conscious consumers.
  • Technological Advancements: Continuous advancements in extraction and refining technologies have enabled manufacturers to produce starch derivatives with improved functionalities and enhanced properties, catering to diverse application requirements across various industries.
  • Expansion in Non-food Applications: Apart from the food and pharmaceutical industries, starch derivatives are increasingly being used in non-food applications such as paper, textile, cosmetics, and personal care products, further driving market growth.
  • Growing Demand in Emerging Economies: Rapid industrialization and economic development in emerging economies have led to increased consumption of processed foods and pharmaceuticals, consequently boosting the demand for starch derivatives in these regions.

Overall, the starch derivatives industry is expected to continue its growth trajectory due to the expanding applications across various industries and the continuous innovation in product development and processing technologies.

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Starch Derivatives Market Share - Competitive Landscape

The starch derivatives industry features numerous key players vying for market dominance. Among the forefront are top companies such as:

  • ADM (US)
  • Tate & Lyle PLC (UK)
  • Ingredion Incorporated (US)
  • AGRANA Beteiligungs-AG (Austria)
  • Roquette Freres (France)
  • Green Processing Corp. (GPC)

ADM (US):

Archer Daniels Midland Company (ADM) is a global leader in agricultural processing, with a significant presence in the starch derivatives market. ADM offers a wide range of starch-based products and solutions catering to various industries including food and beverage, pharmaceuticals, animal nutrition, and personal care. The company leverages its extensive research and development capabilities to innovate and develop new starch derivatives with improved functionalities and applications. ADM's global reach and strong distribution network enable it to effectively serve customers worldwide, making it a key player in driving market growth.

Tate & Lyle PLC (UK):

Tate & Lyle PLC is a leading provider of specialty food ingredients and solutions, including starch derivatives. The company offers a diverse portfolio of starch-based products such as modified starches, sweeteners, and texturants, serving the food and beverage industry. Tate & Lyle's commitment to innovation and sustainability drives its product development efforts, aiming to meet evolving consumer demands for healthier, cleaner label products. With a focus on quality and customer satisfaction, Tate & Lyle plays a significant role in shaping the starch derivatives market landscape.

Ingredion Incorporated (US):

Ingredion Incorporated is a global ingredient solutions provider, offering a broad range of starch derivatives and sweeteners derived from corn, tapioca, and potatoes. The company's innovative starch-based solutions find applications in various industries including food and beverage, pharmaceuticals, paper, and personal care. Ingredion's focus on consumer insights and market trends enables it to develop tailored solutions that meet customer needs and drive value. Through strategic partnerships and acquisitions, Ingredion continues to expand its product portfolio and geographical presence, strengthening its position in the starch derivatives market.

AGRANA Beteiligungs-AG (Austria):

AGRANA Beteiligungs-AG is a leading supplier of starch-based products and ingredients, particularly in the European market. The company specializes in producing high-quality starch derivatives from agricultural raw materials such as corn, wheat, and potatoes. AGRANA's starch derivatives find applications in food and non-food industries including confectionery, dairy, paper, and textiles. With a focus on sustainability and traceability, AGRANA ensures responsible sourcing and production practices, catering to the growing demand for environmentally friendly products. AGRANA's strong presence in Europe and strategic partnerships contribute to its significant role in the starch derivatives market.

Roquette Freres (France):

Roquette Freres is a major player in the starch derivatives market, offering a wide range of innovative solutions derived from corn, wheat, and potatoes. The company's starch derivatives are used across diverse industries such as food and beverage, pharmaceuticals, cosmetics, and paper. Roquette's commitment to research and development drives its efforts in creating value-added products that meet evolving consumer preferences and industry regulations. With a global presence and a focus on sustainability, Roquette collaborates with customers to develop tailored solutions and foster long-term partnerships, reinforcing its position as a key player in the starch derivatives market.

Green Processing Corp. (GPC):

Green Processing Corp. specializes in producing natural and organic starch derivatives, catering to the growing demand for clean label and sustainable ingredients. The company offers a range of starch-based solutions for food, beverage, and personal care applications, utilizing eco-friendly processing methods and renewable resources. GPC's commitment to environmental stewardship and product innovation resonates with consumers seeking healthier and environmentally conscious products. Through strategic partnerships and investments in research and development, Green Processing Corp. continues to expand its product offerings and market presence, playing a significant role in shaping the future of the starch derivatives market.

Related Report:

Starch Derivatives Market by Type (Glucose Syrup, Modified Starch, Maltodextrin, Hydrolysates, Cyclodextrin), Source, Form (Dry, Liquid), Application (Food & Beverage, Industrial, Feed), Functionality and Region - Global Forecast to 2028

Starch Derivatives Market Size,  Share & Growth Report
Report Code
FB 2338
RI Published ON
11/3/2023
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