The hydroxypropyl distarch phosphate market latest market research report by Future Market Insights contains a global industry analysis 2014-2018 and potential evaluation 2022-2029. The market for hydroxypropyl dithiophosphate is examined in the report, which also offers significant predictions for the years 2022 through 2029. According to the report’s findings, the global hydroxypropyl distarch phosphate market is anticipated to expand significantly over the course of the forecast period due to a variety of factors, including an increasingly intense demand for processed foods worldwide.
The global hydroxypropyl distarch phosphate market are slated to top US$ 1.8 Billion in 2022, and is expected to propagate at a CAGR of 5.8% during the forecast period of 2022-2029. This growth is prominently driven by the growing consumption of hydroxypropyl distarch phosphate in the several end use industries such as food, cosmetics, and pharmaceutical.
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Rising East Asia Market Attractiveness
In terms of value, East Asia is projected to consigned lucrative growth in the global hydroxypropyl distarch phosphate market during the forecast period. East Asia is projected to account for dominating region in the global hydroxypropyl distarch phosphate market. Large population and increasing spending power of the residents is driving the processed food market in Asian countries. High GDP growth of India and China has been witnessed in the last few years and is expected to continue during the forecast period.
Moreover, the high growth economies are creating opportunities for food industry to grow at a good pace. Growth in food consumption will ultimately reflect the growth in food additives. Hydroxypropyl distarch phosphate is consumed in processed food in significant quantity. Therefore, high growth in processed food industry is expected to bolster the growth in demand for hydroxypropyl distarch phosphate
Food Industry to Remain as Significant Consumer of Hydroxypropyl Distarch Phosphate
Globally, the Hydroxypropyl Distarch Phosphate market has been segmented on the basis of grade, application, End-Use and regions.
- On the basis of grade, the global hydroxypropyl distarch phosphate market is segmented into Halal and Vegan. Halal segment is expected to account for more than 3/4th share of the total hydroxypropyl distarch phosphate market value throughout the forecast period. Increasing focus of consumer on various standards and certification regarding halal and vegan are expected to drive the global hydroxypropyl distarch phosphate market growth in the upcoming years
- On the basis of application, the global hydroxypropyl distarch phosphate market is segmented into anticaking agent, emulsifier, stabilizer, and thickener. Thickener segment is expected to account for prominent share in the global hydroxypropyl distarch phosphate market throughout the forecast period. Increasing demand for thickener in the processed food is projected to boost the demand for hydroxypropyl distarch phosphate in the food industry across the globe
- On the basis of end-use, the global hydroxypropyl distarch phosphate market is segmented into food, cosmetics, and pharmaceutical. Food industry is projected to witness lucrative growth and dominating segment in the global hydroxypropyl distarch phosphate market throughout the forecast period. Increased demand for hydroxypropyl distarch phosphate has been observed in industrial applications in cosmetics, pharmaceutical and food & beverages industries. Hydroxypropyl distarch phosphates are mostly used as thickener, emulsifier and stabilizer in these industry.
Hydroxypropyl Distarch Phosphate Market: Vendor Insights
Key Industry Participants Global Hydroxypropyl Distarch Phosphate Market
- Sanofi Ingredients
- Tate & Lyle
- Ingredion Incorporated
- MGP Ingredients, Inc.
- Cargill Foods
- Shanghai Yu Tao Industrial Co., Ltd.
- Green Stone Swiss Co., Ltd.
- BOC Sciences
- Camden-Grey Essential Oils, Inc.
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Hydroxypropyl Distarch Phosphate Market: Key Segment
By Product Grade
- Halal
- Vegan
By Application
- Anticaking Agent
- Emulsifier
- Stabilizer
- Thickener
By End Use
- Food
- Cosmetics
- Pharmaceutical
By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
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