The hydroxypropyl distarch phosphate industry latest market research report by Future Market Insights contains a global industry analysis 2014-2018 and potential evaluation 2022-2029. The global market for hydroxypropyl distarch phosphate is estimated to reach $1.8 billion in 2022, growing at a 5.8% CAGR between 2022 and 2029. Rising demand for hydroxypropyl distarch phosphate in numerous end-use industries such as food, cosmetics, and medicines is driving this increase.
The global market for hydroxypropyl distarch phosphate is expected to approach US$ 1.8 billion in 2022, with a CAGR of 5.8% between 2022 and 2029. This rise is being driven by rising demand for hydroxypropyl distarch phosphate in various end-use industries such as food, cosmetics, and pharmaceuticals.
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Rising East Asia Market Attractiveness
In terms of value, East Asia is expected to lead the global hydroxypropyl distarch phosphate market during the forecast period. East Asia is expected to be the largest region in the worldwide hydroxypropyl distarch phosphate market. The processed food business in Asian countries is being driven by the region’s large population and rising spending power. India and China have had rapid GDP growth in recent years, which is likely to continue during the forecast period.
Furthermore, fast-growing economies provide opportunity for the food industry to expand rapidly. Food additive growth will eventually reflect growth in food consumption. Hydroxypropyl distarch phosphate is found in high concentrations in processed foods. As a result, rapid growth in the processed food industry is likely to boost 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.
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Hydroxypropyl Distarch Phosphate Market: Vendor Insights
Key Industry Participants Global Hydroxypropyl Distarch Phosphate Industry
- 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.
Key Segmentation
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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