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Starch Derivatives Global market Size, Share And Growth Analysis For 2024-2033
Starch Derivatives Market Size, Trends, And Forecast 2024-2033
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LONDON , GREATER LONDON , UK , September 4, 2024 /EINPresswire / -- The starch derivatives market has experienced robust growth in recent years, expanding from $62.31 billion in 2023 to $65.41 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to increased demand in food and beverage industry, expansion of processed food industry, consumer awareness about health and nutrition, availability and accessibility of raw materials, government regulations and policies.
Strong Future Growth Anticipated
The starch derivatives market is projected to continue its strong growth, reaching $80.51 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to increasing applications in non-food industries (pharmaceuticals, textiles, etc.), growing demand for clean label and natural ingredients, rising adoption of plant-based and gluten-free diets, emerging markets and urbanization, increasing disposable income.
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Growth Driver Of The Starch Derivatives Market
The growing demand for convenience and processed food is expected to fuel the growth of the starch derivatives market in the forecast period. Convenience food and processed food is a tertiary packaged food or food that is intended to reduce consumer time in the kitchen, lower expenses related to wastage, and minimize costs by economies of scale. Over the years, starch derivatives have appeared as a key successful environmentally friendly product, acting as a binding and gelling agent. There has been a significant rise in the demand for starch throughout the food and beverage sector due to rising sugar values.
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Major Players And Starch Derivatives Market Trends
Key players in the starch derivatives market include Ingredion Incorporated, Tate & Lyle Inc., Roquette Frères SA, Beneo GmbH, Penford Corporation, Stern-wywiol Gruppe GmbH & Co KG.
Major companies operating in the starch derivatives market are developing innovative products such as ULTRA-TEX 1311 to meet the growing demand for starch derivatives. ULTRA-TEX 1311 is a modified potato starch suitable for dairy desserts.
Starch Derivatives Market Segments:
1) By Type: Glucose syrup, Modified starch, Maltodextrin, Hydrolysates, Cyclodextrin
2) By Raw Material: Corn, Cassava, Potato, Wheat
3) By Form: Dry, Liquid
4) By Application: Binder, Thickener and Stabilizer, Sweetener, Lustering Agent, Powdering Agent, Fish Culture Feed, Expanded Feed, Caking Agent, Dehumidification Agent, Other Applications
5) By End User Industry: Food and Beverage, Medical Industry, Chemical Industry, Personal Care and Hygiene Industry, Paper and Pulp Industry, Other End-Users
Geographical Insights: North AmericaLeading The Starch Derivatives Market
North America was the largest region in the starch derivatives market in 2023. The regions covered in the starch derivatives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Starch Derivatives Market Definition
A starch derivative is defined as modified starch, prepared by chemically processing inhabitant starch to alter its qualities. It is used for flocculation, adhesion, acid stability, process tolerance advancement, pH stability enhancement, and shear stability in various industries.
Starch Derivatives Global Market Report 2024 from The Business Research Company covers the following information:
.Market size data for the forecast period: Historical and Future
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Starch Derivatives Global Market Report 2024by The Business Research Company is the most comprehensive report that provides insights on starch derivatives market size, starch derivatives market driversand trends, starch derivatives market major players, starch derivatives competitors' revenues, starch derivatives market positioning, and starch derivatives market growth across geographies. The starch derivatives market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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