Starch Derivatives Market Projected to Surpass US$ 100 Billion by 2033 – Future Market Insights, Inc.

The Starch Derivatives Market is experiencing robust growth as industries embrace its versatile applications. Derived from corn, potatoes, and other sources, starch derivatives find utilization in food, pharmaceuticals, textiles, and more. They enhance texture, stability, and binding properties in food products, aiding in innovations. In the pharmaceutical sector, starch derivatives serve as excipients, ensuring consistent drug delivery. The market’s expansion is driven by rising consumer demand for convenience foods and clean-label products.

The estimated global Value of the starch derivative Market in 2023 was estimated to be around US$ 68 billion, and it is anticipated to increase to roughly US$ 100 billion by 2033. According to the study on the analysis of the global starch derivatives market, the industry is anticipated to grow at a CAGR of 4% between 2023 and 2033.

Additionally, it is a well-liked product in many end-use verticals, such as the pharmaceutical, food & beverage, paper pulp, textile fabrication, and many other industries due to its low manufacturing costs, simplicity of processing, quick biodegradability with exceptional physiochemical properties, and high calorific value. It’s expanding applications in a number of new end-use verticals including the pharmaceutical, and industrial chemical sectors as a culture medium, a dehumidifier, and a bulking agent have opened up several new avenues of growth for the growth in the last few years.

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The functional traits of starch derivatives have a significant impact on how well they perform in the local market. The demand for different types of natural and organic food ingredients is also in across several countries, which would be instrumental in reorienting the global starch derivatives market key trends and opportunities.

Key Takeaways from the Starch Derivatives Market Study

  • Given the broad range of practical properties displayed by corn starch derivatives as well as their ease of integration into a number of applications, the global market for corn-based starch and its derivatives is likely to expand throughout the forecast years.
  • Maltodextrin is poised to become more popular as a thickener and filler in packaged meals and food items given its low cost as well as a rise in demand for new born and baby foods.
  • Cyclodextrins are also often used in both the food industry and cosmetics industries. It is prominently employed as an additive in the commercial food industry to preserve tastes, get rid of unpleasant aromas, prevent browning reactions, and control microbiological contaminations.
  • In the preceding years, the food and beverage sector held the highest market share of nearly 55% and is anticipated to grow at a faster rate than the previous decade.
  • The United States is the leading country in the production and export of starch derivatives by the virtue of it being the highest producer of corn.
  • China is emerging as a staunch competitor for the US in the global starch derivatives market given its strong base for other types of agriculture products.

Competitive Landscape for the Starch Derivatives Market

Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle, Roquette Frères, Cargill Incorporated, Fooding Company Limited, Foodchem International Corporation, Tereos SA, Molinos Juan Semino SA, Grain Processing Corporation, Global Sweeteners Holdings Ltd., AGRANA, JP & SB International, Varun Industries (India), Gujarat Ambuja Export, ShreeGluco Biotech Private Ltd., and Matsutani Chemical Industry Co., Ltd. Among others are some of the major players in the global starch derivatives market.

Due to the increased use of natural sweeteners in carbonated soft drinks and the growing popularity of energy drinks, the market penetration of starch derivative industry players is predicted to increase during the forecast years. Furthermore, their market penetration is anticipated to be supported by a surge in the product’s use across a number of non-edible sectors, like the manufacturing of renewable biofuels and adhesives.

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Key Segments

By Raw Material:

  • Corn
  • Cassava
  • Potato
  • Wheat
  • Other Sources

By Type:

  • Glucose Syrup
  • Modified Starch
  • Maltodextrin
  • Hydrolysates
  • Cyclodextrin
  • Others

By Form:

  • Dry
  • Liquid

By Function:

  • Stabilizing
  • Emulsifying
  • Binding
  • Thickening
  • Others

By Application:

  • Food & beverages
  • Industrial
  • Papermaking
  • Weaving & textiles
  • Medicines & pharmaceuticals
  • Cosmetics
  • Adhesives
  • Foundry
  • Detergents
  • Cardboard Manufacturing
  • Feed
  • Other Industrial Applications

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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