Starch Derivatives Market

Starch Derivatives Market Size, Growth, Forecast (2023-2028)

Starch Derivatives Market size was at US$ 51.36 billion in 2022, and it is predicted that it will reach a valuation of US$ 63.5 billion by the end of 2028 with an annual expansion rate (CAGR) of 4.12% between 2023 and 2028.

Starch Derivatives Market Overview:

Starch derivatives, also known as modified starch, are extracted from grains and vegetables and processed physically, enzymatically, or chemically to preserve the texture and structure of foods. These products are used to increase stability at various temperatures, increase or decrease viscosity, gelatinization time, or increase viscosity stability. Derivatives of starch are used in various industries for a variety of functions. They are used as thickeners and stabilizers in the food and beverage industry, tablet binders in the pharmaceutical industry, emulsifiers in cosmetics, fiber additives in animal feed. Some of the other characteristics of starch derivatives are adhesion, acid stability, agglomeration, improved pH stability, film formation, improved shear stability, and process resistance. Starch is a natural biopolymer found in almost all plants that are grown for energy. Some of the main sources of starch for industrial production are corn (maize), wheat, potatoes, and tapioca. Raw starch has limited application due to its easy decomposition and degradation properties and therefore must be modified physically, chemically or enzymatically to give it much better properties. Its safety, biodegradability, low cost and certain technical properties such as thickening, gelling, film formation, imitation of fats, etc. make starch derivatives an advantageous option in a variety of industries. Starch derivatives are commonly used in the pharmaceutical industry as thickeners, stabilizers or emulsifiers, tablet binders, and drug release agents.

Recent Developments in Starch Derivatives Industry:

• In July 2019, Cargill invested $ 200 million in tis Krefeld, Germany. The investment was made to convert the corn processing plant into wheat processing.

• In November 2019, AGRANA announced that it had opened a new wheat starch production plant in Lower Austria. Through this plant, we have expanded our business operations and doubled our wheat starch production capacity.

Starch Derivatives Market Growth:

As consumer demand for processed and convenient foods increases, the demand for starch derivatives rises around the world.

REPORT COVERAGE:

Starch Derivatives Market Drivers:

Increasing demand from pharmaceutical companies for starch derivatives to improve pharmaceutical formulations augmented adoption in industrial applications due to superior biocompatibility properties compared to synthetic polymers and changing consumer preferences for packaged food products are key to driving growth in the global market for starch derivatives. Advances in new technologies and innovative experiments in the food and beverage sector are increasing the integration of starch derivatives in various industries. The Asia Pacific sector will dominate the market due to the high production of processed foods. There is a wide range of applications that have yet to be developed and could be a great opportunity for manufacturers of starch derivatives. Expanding source of products for starch extraction and the combination of fertilization processes adds a wider range of possible applications to the list. Glucose derived from starch can be fermented to produce lactic acid that can be polymerized into biodegradable films or bioplastics. Likewise, potato starch residues can also be used as raw material in fermentation reactions. Various polymers can be made using a variety of starch-based raw materials. Modified starch can also serve as an excellent fermentation base for the mass production of various biotech products such as antibiotics, organic acids, vitamins, and hormones. Also, increasing need from end-use industries such as cosmetics, personal care products, paper and other industries is estimated to drive the growth of the global starch derivatives market during the outlook period.

The growing demand for convenience foods and beverages, population growth and per capita income in developing countries are some of the prominent factors driving the growth of the worldwide starch derivatives market. Companies are investing a lot of capital in research and development. These advances are improving the prospects for starch products on the world market. In addition, starch plays an important role in the adhesive production, biofuel, weaving and textile finishing and fermentation industries. The starch derivatives market will show significant growth over the next several years as the application of pharmaceuticals, processed foods and beverages increases. Market growth is increasing with the rising need for starch derivatives as emulsifiers, thickeners, binders and stabilizers. Changes in consumer concerns about healthy appetite, health and nutrition are expected to drive market growth. As starch derivatives become more popular as a natural sweetener for soft drinks and non-carbonated energy drinks, the market is estimated to lead in the future. Global population growth and rising levels of disposable income drive demand for food, and the use of starch derivatives to utilize starch derivatives in the food and beverage industry is the most important growth engine for the market of starch derivatives.

Restraints:

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 global starch derivatives market. One of the key factors slowing the growth of the starch derivatives business is the high R&D cost associated with the extraction and production of starch derivatives. It is used in a variety of industries, including food and beverage, pharmaceuticals, and paper, but natural sources for starch extraction are limited. Starch derivatives have improved functional properties and offer several benefits. However, a large investment is required to produce high-quality starch derivatives and discover their use in many new industries. The lack of adequate investment is also challenging the development of the starch derivatives business.

Starch Derivatives Market Segmentation Analysis:

By type, glucose syrup dominated the market for starch derivatives. Glucose syrup is applied in a variety of food and non-food applications. It is mainly used in the food and beverage industry as a sweetener, thickener and humectant. It helps provide texture, volume, improved stability, and long product life. It is also used in the pharmaceutical industry.

In terms of raw materials, corn dominated the market for starch derivatives. Corn is a staple food and is preferred throughout the world because of its importance in the diets of many countries. It is widely used as a thickening agent in soups and sauces, and liquid-based foods like gravy, and custard.

By application, the market for starch derivatives is segmented into food and beverages, industry and feed. Food and beverages can be further simplified as bakery and confectioneries, processed foods, snacks and soups, beverages and others. Starch derivatives have been developed over a considerable period of time and their application in the food and beverage industry is increasingly important. They are used in a variety of food applications due to their functional properties.

Geographical Segmentation Analysis:

• North America - the United States and Canada

• Europe - United Kingdom, Spain, Germany, Italy, and France

• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia

• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM

• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Starch Derivatives Market Regional Analysis:

The Asia-Pacific market dominated the global starch derivatives market and had the highest share in terms of revenue due to rising call from the pharmaceutical, food and beverage and other industries in China and India. The willingness to adopt starch derivatives occupied a significant market share, mainly in countries such as China and India. The European market ranked second highest in terms of sales due to the growth of the pharmaceutical sector and the intensive consumption of food and beverages. Europe is likely to experience significant growth as a result of the rapid growth of the textile and personal care sectors in Germany, the UK and Spain. The North American market is anticipated to witness significant growth in the global starch derivatives market during the conjecture period.

Key Players in the Market:

Major Key Players in the Global Starch Derivatives Market are

1. Tate & Lyle

2. BENEO

3. AVEBE

4. Stern-Wywiol Gruppe GmbH. & Co. KG

5. Raquette

6. Ingredion Incorporated

7. Agrana Investment Corp

8. Penford Corporation

9. Emsland-Starke GmbH