The size of the Europe Starch Derivatives Market is expected to be worth USD 9.84 billion in 2024 and grow at a CAGR of 6.67% from 2024 to 2029 to achieve USD 13.59 billion by 2029.
Starch Derivatives, also known as modified starch, are manufactured using physical, chemical, and enzymatic treatments to change the properties of natural starch. Starch derivatives are used in many industries for a variety of functions. Some characteristics of starch derivatives are agglomeration, adhesion, film formation, improved pH stability and improved shear stability, acid stability, and process resistance. It is used in a wide variety of starch applications, such as thickeners in foods, stabilizers and emulsifiers in foods, disintegration in pharmaceuticals, and binders in coated papers. In addition, the starch is modified or derived to improve the performance of the starch in a variety of applications. In addition to this, starch is modified to increase stability at extreme temperatures and cooling, increase or decrease the gelatinization period, increase starch viscosity stability, and change food texture. Obviously, starch derivatives can also be soluble in cold water and can be used as a liquid syrup for the production of sweeteners. Increased consumption of processed and convenient foods is the factor that is driving the market for Europe starch derivatives.
Increased food applications due to business ease, increased use of starch due to functional properties, and increasing demand for adhesives in various industries are some of the factors that will enhance the growth of the Europe Starch Derivatives market during the forecast period 2022 - 2027. Food and beverages represent 54% of the market for starch derivatives, and starch derivatives form gelling agents, emulsifiers, thickeners, and film-forming additives in the food industry. The growth of the population and the increase in people's disposable income are the main drivers of the food industry and, indirectly, of the market for European starch Derivatives. Due to its low production cost, ease of processing, biodegradability, good physicochemical properties, and high calorific value, it is a popular product in pharmaceutical, paper, textile, and many other fields. Growing consumer health and nutrition concerns and a propensity for a healthy diet will drive the European starch Derivatives market trends. In addition to this, the growing demand for natural sweeteners in energy drinks and non-carbonated soft drinks will drive greater penetration in the European starch Derivatives market in the coming years. Growing consumer concerns about health and nutrition, along with changing preferences for a healthy appetite, will help expand the European starch Derivatives market. An increase in demand for natural sweeteners in energy drinks and non-carbonated still drinks will increase the penetration of the European market for starch derivatives during the forecast period. Increasing the use of ingredients in various fields, such as biofuels, papermaking, and adhesives, may offset market penetration. In addition, the large-scale use of additives in pasta, sauces, pie fillings, salad dressings, noodles, and sauces will spread the growth of the European starch Derivatives industry on schedule. Increased consumption of additives in custards, soups, puddings, salad dressings, gravy, pie fillings, sauces, noodles, and pasta will drive the Europe Starch Derivatives product consumption. The use of substitutes, including chewing gum, will limit the demand for the product. Advances in new product development technology in the UK, France, Spain, and Germany are expected to create new opportunities for European starch Derivatives industry growth during the forecast period. Increased government support for promoting natural ingredients will pave the way for years to come. As consumer demand for processed and convenient foods increases, the demand for the European starch Derivatives market increases. Advances in new technologies and innovative experiments in the food and beverage sector are increasing the integration of European starch Derivatives in various industries. The increasing prevalence and demand for beverages, population growth, and per capita income in developing countries are some of the key factors driving the growth of the European starch Derivatives market. Meanwhile, as the number of initiatives taken by governments to promote natural ingredients increases, the application of emerging economies will increase even more, providing more diverse opportunities for the growth of the European starch Derivatives market during the forecast period.
Fluctuations in the cost of raw materials and large investments in research activities will pose a threat to the growth of the European starch Derivatives market in the coming years. The implementation of biofuel policies and the increase in the prices of raw materials are some of the factors that hinder the growth of the European starch Derivatives market. Corn is a major source of starch production worldwide and is used in a variety of industries for a variety of applications, as the availability of corn and the price of starch production are the main market constraints. High research and development costs, coupled with the growth of the gum Arabic market, are likely to hamper the growth of European starch Derivatives during the forecast period mentioned above. Commodity price volatility, coupled with increased legislation and regulations, will be the biggest challenge for the European starch Derivatives market growth.
This research report on the European Starch Derivatives Market is segmented and sub-segmented into the following categories.
Europe Starch Derivatives Market - By Type:
Cyclodextrin is widely used in the food and cosmetic industry. It is used in the food industry as a food additive to eliminate unwanted odors or flavors, stabilize flavor, and prevent browning reactions and microbial contamination. The Maltodextrin segment is expected to improve with a CAGR of 6.6% during the forecast period due to the increase in a variety of industries, including food, cosmetics, pharmaceuticals, paper, textiles, paints, construction, and coatings.
Europe Starch Derivatives Market - By Application:
Food and beverages were the largest application in 2020, accounting for more than 60.0% of global sales. The sector is expected to see significant growth as consumption of packaged and convenience foods increases in several countries, including the UK, Germany, Spain, and France.
Europe Starch Derivatives Market - By Raw Materials:
Corn is a staple food and is preferred throughout the world due to its importance in the diets of many countries. It is widely used as a thickening agent in soups and sauces and liquid-based foods such as gravy and custard.
Europe Starch Derivatives Market - By Region:
Rising consumer disposable income and rapid urbanization are macroeconomic factors likely to drive demand for starch derivatives in the UK over the forecast period. Increased investments in maltodextrin and modified starch production will drive growth in the French Starch Derivatives market during the forecast period. The development of microencapsulation technology has expanded the starch industry in Spain. The German starch derivatives market is dominant as demand for processed foods increases due to changing lifestyle trends. People live busy lives and look for ready-to-eat dining options.
KEY MARKET PLAYERS:
Key players operating in the Europe Starch Derivatives market include Archer Daniels Midland Company, RAQUETTE, Tate & Lyle, Ingredion Incorporated, Emsland-Starke Gmbh, BENEO, Grain Processing Corporation, Stern-Wywiol Gruppe GmbH & Co. KG, LASENOR EMUL, INGREDION INCORPORATED, INGREDION INCORPORATED, Penford Corporation., Cargill Incorporated, AGRANA Investment Corp. and AVEBE.
Frequently Asked Questions
Key drivers include the rising consumption of convenience foods and beverages, the use of starch derivatives as thickeners, stabilizers, and emulsifiers in food processing, the expanding pharmaceutical and personal care industries, and the development of bio-based and sustainable derivatives.
Starch derivatives are used in a wide range of applications, including food and beverages (e.g., sauces, soups, bakery products, dairy, and confectionery), pharmaceuticals (e.g., tablets, capsules, and excipients), textiles (e.g., sizing agents, finishing agents), paper manufacturing, and cosmetics (e.g., skincare, hair care).
Challenges include fluctuating raw material prices (e.g., corn, wheat), regulatory complexities related to labeling, safety, and quality standards, competition from alternative ingredients and substitutes, and continuous innovation to meet changing consumer preferences and industry requirements.
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