Starch Derivatives Market Analysis, Revenue, Opportunity, Business Segment Overview and Key Trends 2027
Based
on type, the global Starch Derivatives Market Analysis has been segmented into
maltodextrin, cyclodextrin, glucose syrups, hydrolysates, and others. The
glucose syrup segment accounted for the maximum market share in 2018. It finds
its application in various industries such as food & beverages, along with
paper, feeds, pharmaceuticals, and cosmetics. Glucose syrup is often used in
food industry as a flavor enhancer, texturizing agent, volume-adding agent, and
inhibitor of sugar from crystallizing in beverages. However, the maltodextrin
segment is expected to grow at a higher CAGR during the forecast period owing
to usage in spreads, puddings and sauces as thickening agents.
The
global Starch Derivatives Market Analysis has been segregated, by application,
into food & beverages, personal care, animal feed, pharmaceutical &
nutraceuticals, and others. The food & beverages segment is expected to
dominate the global Starch Derivatives Market Analysis during the assessment period.
However, pharmaceutical segment is projected to grow at the highest CAGR from
2018 to 2023 owing to the high disposable incomes, and growing awareness along
with the need for healthcare products as preventive and curative measures. The
starch derivatives are used as tablet binders in the pharmaceutical industry.
Key
Players
Some of
the key players in the global Starch Derivatives Market Analysis are Archer
Daniels Midland Company (US), Agrana Group (Austria), Avebe U.A. (The
Netherlands), Beneo GmbH (Germany), Cargill, Incorporated (US), Emsland-Stärke
GmbH (Germany), Grain Processing Corporation (US), Ingredion Incorporated (US),
Roquette Frères (France), and Tate & Lyle PLC (UK).
Market Segmentation:
The global Starch
Derivatives Market Analysis has been segregated, by application, into food
& beverages, personal care, animal feed, pharmaceutical &
nutraceuticals, and others. The food & beverages segment is expected to
dominate the global Starch Derivatives Market Analysis during the assessment
period. However, pharmaceutical segment is projected to grow at the highest
CAGR from 2018 to 2023 owing to the high disposable incomes, and growing
awareness along with the need for healthcare products as preventive and
curative measures. The starch derivatives are used as tablet binders in the
pharmaceutical industry.
The global
market for starch derivatives has also been classified, by function, as
stabilizing, emulsifying, binding, thickening, and others. The thickening
segment is expected to dominate the market. The growing food & beverage
industry and increasing usage of the starch derivatives as thickening agents
are the major driving factors for the segment.
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Regional Analysis
On the basis of region, the
global market has been segmented by North America, Europe, Asia-Pacific, and
RoW. Asia-Pacific is expected to dominate the global Starch Derivatives Market
Analysis owing to rapidly growing food industry in the countries such as China,
Japan, and India. Moreover, the growing awareness towards the functional foods
resulting in boost in demand for functional food in the region is also
contributing significantly to the growth of the Starch Derivatives Market
Analysis in the Asia-Pacific region.
The Starch Derivatives Market
Analysis in Asia-Pacific is expected to grow rapidly due to the increasing
number of government policies to promote the usage of natural ingredients,
along with growing applications in food industry during the forecast period.
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considering Covid19 Footprints for Better Analysis of Market and Industries.
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