Starch Derivatives Market, Key Expansion Strategies, Upcoming Trends and Regional Forecast by 2027
Based
on type, the global starch derivatives market 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 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 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 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 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 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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Report @
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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 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 in the Asia-Pacific region.
The starch derivatives market 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.
NOTE: Our Team of Researchers
are Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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