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3. Market Leaders: Cargill Incorporated (Us), ADM (US), Tate & Lyle PLC (UK), Agrana Beteiligungs-AG (Austria) and Ingredion Incorporated (Us) are Increasing their Respective Market Shares Steadily Through Expansion and new Product Launches in Starch Derivatives Market

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.

The demand for starch derivatives is on the rise due to their multifunctional properties, particularly their role as cost-effective thickeners and stabilizers. As manufacturers seek to improve product texture and shelf life, starch derivatives offer a versatile solution, contributing to the sector's growth.

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Key players operating in this market include Cargill, Incorporated (US), ADM (US), Tate & Lyle PLC (UK), AGRANA Beteiligungs-AG (Austria), Roquette Freres (France), Ingredion Incorporated (US), Green Processing Corp. (GPC) France, Avebe (Netherlands), Emsland Group (Germany), Foodchem International Corporation (China), Sukhjit Starch & Chemicals Ltd. (India), Universal Starch Chem Allied Ltd (India), Primient (US), SPAC Starch Products (India) Private Limited  (India) and JP&SB International (Spain).

While newer start-ups are quickly establishing themselves in the market, the major players are obsessive about growing their market shares. Given that a significant portion of investments and funding originates from a number of regional players, the starch derivatives market can be categorized as competitive. There are a lot of established and growing businesses, especially in the Asian markets.

Cargill, Incorporated is a producer of industrial products and a variety of specialty food ingredients for different uses. The business is divided into four segments: origination & processing, food ingredients & applications, animal nutrition & protein, and industrial & financial services. Through its food ingredients & applications segment, it provides specialty ingredients. It provides a range of ingredients to foodservice operators, producers of food and beverages, and others.

The company's various types of specialty food ingredients include acidulants, sweeteners, starches, and protein ingredients. These ingredients find applications in the beverage, bakery, dairy, and meat sectors. They enhance the appearance, taste, and stability of fresh meat and specialty meat products. The company operates in around 70 countries. It has an additional sales presence in nearly 125 countries across North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa.

ADM produces food ingredients, animal feed & feed ingredients, biofuels, and naturally derived alternatives to industrial chemicals. The company functions through four segments, namely Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition and Others. The Carbohydrate Solutions division processes corn and wheat into a variety of products and ingredients utilized in the food and beverage sector. This includes sweeteners, corn and wheat starches, syrup, glucose, wheat flour, and dextrose. ADM collaborates with growers to transform crops into foods, beverages, supplements, and animal nutrition, promoting global well-being. ADM's portfolio encompasses plant-based proteins, probiotics, and sustainable products. Within the nutrition segment, the food texturizer market finds its place. ADM's innovative approach and global presence enable them to craft nourishing and functional food textures, leveraging their extensive expertise to source premium ingredients and create custom solutions to meet diverse demands.

Ingredion Incorporated is one of the top producers of ingredients for food and drink, brewing, paper, medicines, and other products. The company serves a number of market sectors, including co-products, pharmaceuticals, industrial, animal nutrition, health & nutrition, personal care, green solutions, and food & beverage sweeteners and starches. The company provides services to over sixty distinct industries, including animal nutrition, brewing, food, and beverage. It provides a wide range of polymers and hydrocolloids for use as the shell material in encapsulated products. Within the domain of starch. In the realm of starch In the realm of starch derivatives, Ingredion has carved a niche for itself. These derivatives, derived from their core raw materials, are pivotal in various applications within the food industry and beyond. Ingredion's starch derivatives not only contribute to the texture, stability, and quality of numerous food products but also find applications in non-food sectors like pharmaceuticals and paper manufacturing. It has a global footprint in North America, South America, Asia Pacific, Europe, and the Middle East. It focuses on R&D capabilities and expanding its product portfolios to meet consumer demands

Related Reports:

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

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