Starch Derivatives Market by Type (Glucose Syrup, Modified Starch, Maltodextrin, Hydrolysates, Cyclodextrin), Source, Form (Dry, Liquid), Application (Food & Beverage, Industrial, Feed), Functionality and Region - Global Forecast to 2028
Description
Starch Derivatives Market by Type (Glucose Syrup, Modified Starch, Maltodextrin, Hydrolysates, Cyclodextrin), Source, Form (Dry, Liquid), Application (Food & Beverage, Industrial, Feed), Functionality and Region - Global Forecast to 2028
According to MarketsandMarkets, the Starch Derivatives market is projected to reach USD 68.4 billion by 2028 from USD 57.9 billion by 2023, at a CAGR of 3.4% during the forecast period in terms of value. The Starch Derivatives market comprises both dry and liquid forms; the dry form holds a larger market share and is also projected to be the fastest-growing segment. On the other side, the liquid form is also projected to grow at a significant rate due to its ability to elevate the texture and consistency of liquid delights.
The demand for dry form starch derivatives is driven mainly due to factors such as cost-effectiveness, longer shelf lives, moisture absorption, and better texturizing properties. The major constraints and challenges in the market are the non-standardized international quality regulations for starch derivatives, limited raw material availability, and cultural restrictions on gelatin which, in turn, hinder the growth of the Starch Derivatives market.
""By application, feed is estimated to hold a significant market share during the forecast period.""
The increasing global demand for meat and animal products, particularly in emerging markets, is boosting the demand for animal feed. Starch derivatives, such as corn-based glucose syrup and maltodextrin, are used in feed formulations to provide a concentrated energy source for livestock, improving growth and efficiency. The feed industry is experiencing a shift towards enhanced nutritional and functional attributes in animal feed to meet evolving consumer expectations and animal welfare standards. Starch derivatives are utilized for their binding, texturizing, and nutritional benefits in animal feed, further fueling their market share.
Moreover, the rising trend of aquaculture, which relies on feed additives, including starch derivatives, is contributing to this growth. This shift towards more sustainable and nutritious animal nutrition is driving the market share of starch derivatives in the feed industry during the forecast period.
""By form, the dry form is expected to dominate the market for Starch Derivatives.""
Dry forms of starch derivatives are favored for their longer shelf life, cost-effectiveness, and ease of handling and storage. They require less storage space and are less prone to microbial spoilage, which enhances their suitability for long-term storage and transportation, reducing operational costs. Additionally, the reduced weight and volume of dry derivatives make them economical for shipping and handling. They find extensive use in a wide range of applications, from food and beverages to industrial processes, making them a practical choice for various industries. Their adaptability to diverse manufacturing processes, such as extrusion and spray drying, adds to their appeal.
Furthermore, the rise of convenience and processed food products has increased the demand for dry starch derivatives as stabilizers, thickeners, and texturizing agents, further reinforcing their dominance in the market. The dry form's widespread applications and economic advantages make it the preferred choice in the starch derivatives market.
“Europe will significantly contribute towards market growth during the forecast period.”
Europe places a strong emphasis on food and beverage quality, safety, and innovation. This drives the demand for starch derivatives in various applications such as thickeners, stabilizers, and texturizing agents, which are crucial for creating high-quality products. Europe has been proactive in embracing eco-friendly and sustainable solutions. Starch derivatives, including those derived from locally grown crops, align with these sustainability goals, further boosting their demand. The pharmaceutical and healthcare sectors in Europe are also major consumers of starch derivatives. Their use in drug formulations, oral liquid preparations, and other pharmaceutical applications contributes significantly to market growth. Europe's well-established and highly regulated food, pharmaceutical, and industrial sectors create a conducive environment for the growth of the starch derivatives market. This, coupled with a growing awareness of health-conscious consumer choices, positions Europe as a key region for market expansion during the forecast period.
Break-up of Primaries:
By Company Type: Tier1-40%, Tier 2-32%, Tier 3- 28%
By Designation: C-level-45%, D-level – 33%, and Others- 22%
By Region: North America - 15%, Europe - 20%, Asia Pacific – 40%, South America-12%,
RoW – 13%,
Others include sales managers, territory managers, and product managers.
Leading players profiled in this report:
Cargill, Incorporated (US)
ADM (US)
Tate & Lyle PLC (UK)
Roquette freres (France)
AGRANA Beteiligungs-AG (Austria)
Ingredion Incorporated (US)
Green Processing Corp. (GPC) France
Avebe (Netherlands)
Emsland Group (Germany)
Foodchem International Corporation (China)
Sukhjit Starch & Chemicals Ltd. (India)
Universal Starch Chem Allied Ltd (India)
Primient (US)
SPAC Starch Products (India) Private Limited (India)
JP&SB International (Spain)
Matsutani Chemical Industry Co., Ltd. (Japan)
Crespel & Deiters Group (Germany)
SMSCor. (Thailand)
Manildra Group(Australia)
KMC (Denmark)
Sanstar Bio - Polymers Ltd. (India)
B Food Science Co. Ltd (Tokyo)
Specialty Enzymes & Probiotics (US)
Varun Industries (India)
Sinofi Ingredients (China)
The study includes an in-depth competitive analysis of these key players in the Starch Derivatives market with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report segments the Starch Derivatives market on the basis of Type, Source, Form, Application, Functionality, and Region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global Starch Derivatives market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Starch Derivatives market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Rise in demand for clean-label products and consumer health and wellness trends), restraints (limited raw material availability and price fluctuations), opportunity (Consumer shift towards gluten-free and allergen-free products), and challenges (Concerns over the quality of products due to adulteration of GM ingredients) influencing the growth of the Starch Derivatives market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Starch Derivatives market.
Market Development: Comprehensive information about lucrative markets – the report analyses the Starch Derivatives market across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Starch Derivatives market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Cargill, Incorporated (US), ADM (US), Tate & Lyle PLC (UK), AGRANA Beteiligungs-AG (Austria), and Ingredion Incorporated (US), among others in the Starch Derivatives market strategies. The report also helps stakeholders understand the Starch Derivatives market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
465 Pages
- 1 Introduction
- 1.1 Study Objectives
- 1.2 Market Definition
- 1.3 Study Scope
- 1.3.1 Market Segmentation
- 1.3.2 Inclusions And Exclusions
- 1.3.3 Regions Covered
- 1.3.4 Years Considered
- 1.4 Units Considered
- 1.4.1 Currency (Value Unit)
- Table 1 Usd Exchange Rates Considered, 2019–2022
- 1.4.2 Volume Unit
- 1.5 Stakeholders
- 1.6 Summary Of Changes
- 1.6.1 Recession Impact Analysis
- 2 Research Methodology
- 2.1 Research Data
- Figure 1 Starch Derivatives Market: Research Design
- 2.1.1 Secondary Data
- 2.1.1.1 Key Data From Secondary Sources
- 2.1.2 Primary Data
- 2.1.2.1 Key Primary Insights
- 2.1.2.2 Breakdown Of Primary Interviews
- Figure 2 Breakdown Of Primary Interviews, By Company Type, Designation, And Region
- 2.2 Market Size Estimation
- 2.2.1 Bottom-up Approach
- Figure 3 Starch Derivatives Market: Demand Side Calculation
- 2.2.2 Top-down Approach
- 2.2.2.1 Market Size Estimation: Supply Side
- Figure 4 Starch Derivatives Market Size Calculation – Supply Side
- Figure 5 Supply-side Analysis: Starch Derivatives Market
- 2.3 Data Triangulation
- Figure 6 Data Triangulation
- 2.4 Research Assumptions
- 2.5 Research Limitations & Associated Risks
- 2.6 Recession Impact On Starch Derivatives Market
- 2.6.1 Recession Macro Indicators
- Figure 7 Indicators Of Recession
- Figure 8 World Inflation Rate: 2011–2021
- Figure 9 Global Gdp: 2011–2021 (Usd Trillion)
- Figure 10 Recession Indicators And Their Impact On Starch Derivatives Market
- Figure 11 Starch Derivatives Market: Earlier Forecast Vs. Recession Forecast
- 3 Executive Summary
- Table 2 Starch Derivatives Market Snapshot, 2023 Vs. 2028
- Figure 12 Starch Derivatives Market, By Type, 2023 Vs. 2028 (Usd Million)
- Figure 13 Starch Derivatives Market, By Source, 2023 Vs. 2028 (Usd Million)
- Figure 14 Starch Derivatives Market, By Form, 2023 Vs. 2028 (Usd Million)
- Figure 15 Starch Derivatives Market, By Application, 2023 Vs. 2028 (Usd Million)
- Figure 16 Starch Derivatives Market Share (Value) And Growth Rate, By Region, 2022
- 4 Premium Insights
- 4.1 Attractive Opportunities For Companies In Starch Derivatives Market
- Figure 17 Increasing Demand For Clean-label Products And Expanding Industrial Applications To Propel Market
- 4.2 Asis Pacific: Starch Derivatives Market, By Source And Country
- Figure 18 Corn Segment And China Accounted For Largest Shares In Asia Pacific Market In 2022
- 4.3 Starch Derivatives Market, By Type
- Figure 19 Glucose Syrup Segment To Dominate Market During Forecast Period
- 4.4 Starch Derivatives Market, By Source
- Figure 20 Corn Segment To Dominate Market During Forecast Period
- 4.5 Starch Derivatives Market, By Form
- Figure 21 Dry Segment To Dominate Market During Forecast Period
- 4.6 Starch Derivatives Market, By Application
- Figure 22 Food & Beverages Segment To Dominate Market During Forecast Period
- 5 Market Overview
- 5.1 Introduction
- 5.2 Macroeconomic Indicators
- 5.2.1 Increase In Retail Sales
- Figure 23 Retail And Food Service Sales In Us (Usd Billion)
- 5.2.2 Growth Opportunities In Developing Regions Such As Asia Pacific And South America
- Figure 24 Annual Gdp Growth Rate In Asian Countries, 2022
- 5.3 Market Dynamics
- Figure 25 Market Dynamics
- 5.3.1 Drivers
- 5.3.1.1 Increase In Consumer Preference For Convenience Foods And Ready-to-eat Food Products
- 5.3.1.2 Rise In Demand For Clean-label Products And Consumer Health & Wellness Trends
- 5.3.1.3 Incorporation Of Starch Derivatives In Wide Range Of Applications
- 5.3.2 Restraints
- 5.3.2.1 Limited Raw Material Availability And Price Fluctuations
- 5.3.2.2 Rise In Use Of Substitutes Of Starch Derivatives Such As Gums, Pectin, And Cellulose Derivatives
- 5.3.3 Opportunities
- 5.3.3.1 Consumer Shift Toward Gluten-free And Allergen-free Products
- 5.3.3.2 Rising Focus On Animal Nutrition, Health, And Well-being
- 5.3.3.3 Sustainable And Eco-friendly Practices In Textile And Paper Industry
- 5.3.4 Challenges
- 5.3.4.1 Concerns Over Quality Of Products Due To Adulteration With Genetically Modified Ingredients
- 5.3.4.2 High Corn Consumption By Ethanol Industry
- 6 Industry Trends
- 6.1 Introduction
- 6.2 Value Chain Analysis
- 6.2.1 Research And Product Development
- 6.2.2 Raw Material Sourcing
- 6.2.3 Processing And Manufacturing
- 6.2.4 Distribution
- 6.2.5 Marketing & Sales
- Figure 26 Value Chain Analysis Of Starch Derivatives Market
- 6.3 Technology Analysis
- 6.3.1 Starch-based Eco-friendly And Sustainable Packaging
- 6.3.2 Starch Molecular Modification Technology
- 6.4 Pricing Analysis: Starch Derivatives Market
- 6.4.1 Average Selling Price Trend, By Source
- Figure 27 Global: Average Selling Price Trend, By Source (Usd/Kg)
- Table 3 Starch Derivatives Market: Average Selling Price Trend, By Source, 2020–2022 (Usd/Kg)
- Table 4 Starch Derivatives: Average Selling Price Trend, By Region, 2020–2022 (Usd/Kg)
- 6.5 Ecosystem And Market Map Of Starch Derivatives
- 6.5.1 Demand Side
- 6.5.2 Supply Side
- Figure 28 Starch Derivatives Market: Market Map
- Table 5 Starch Derivatives Market: Supply Chain (Ecosystem)
- Figure 29 Starch Derivatives: Ecosystem Mapping
- 6.6 Trends/Disruptions Impacting Customers’ Businesses
- Figure 30 Revenue Shift For Starch Derivatives Market
- 6.7 Starch Derivatives Market: Patent Analysis
- Figure 31 Number Of Patents Granted Between 2013 And 2022
- Figure 32 Top 10 Inventors With Highest Number Of Patent Documents
- Figure 33 Leading Applicants With Highest Number Of Patent Documents
- 6.7.1 Patents Pertaining To Starch Derivatives, 2022–2023
- 6.8 Trade Analysis
- 6.8.1 Starches; Inulin
- Table 6 Top 10 Importers And Exporters Of Starches; Inulin, 2022 (Usd Thousand)
- 6.8.2 Dextrins And Other Modified Starches
- Table 7 Top 10 Importers And Exporters Of Dextrins And Other Modified Starches, 2022 (Usd Thousand)
- 6.9 Key Conferences And Events
- Table 8 Key Conferences And Events In Starch Derivatives Market, 2023–2024
- 6.10 Tariff And Regulatory Landscape
- 6.10.1 North America
- 6.10.1.1 Us
- 6.10.1.2 Canada
- 6.10.2 European Union
- 6.10.3 Asia Pacific
- 6.10.3.1 China
- 6.10.3.2 Japan
- 6.10.3.3 India
- 6.10.4 South America
- 6.10.4.1 Brazil
- 6.10.4.2 Colombia
- Table 9 North America: List Of Regulatory Bodies, Government Agencies, And Other Organizations
- Table 10 Europe: List Of Regulatory Bodies, Government Agencies, And Other Organizations
- Table 11 Asia Pacific: List Of Regulatory Bodies, Government Agencies, And Other Organizations
- 6.11 Porter’s Five Forces Analysis
- Table 12 Starch Derivatives Market: Porter’s Five Forces Analysis
- 6.11.1 Intensity Of Competitive Rivalry
- 6.11.2 Bargaining Power Of Suppliers
- 6.11.3 Bargaining Power Of Buyers
- 6.11.4 Threat Of Substitutes
- 6.11.5 Threat Of New Entrants
- 6.12 Key Stakeholders And Buying Criteria
- 6.12.1 Key Stakeholders In Buying Process
- Figure 34 Influence Of Stakeholders On Buying Process For Key Applications
- Table 13 Influence Of Stakeholders On Buying Process For Applications Of Starch Derivatives (%)
- 6.12.2 Buying Criteria
- Table 14 Key Criteria For Selecting Supplier/Vendor
- Figure 35 Key Criteria For Selecting Supplier/Vendor
- 6.13 Case Studies
- 6.13.1 Cargill Expanded Its Specialty Tapioca Starch Offerings In Asia Pacific Region By Partnering With Key Producer Starpro
- 6.13.2 Adm’s Expansion Of Starch Production Met Rapidly Increasing Demand From Food & Beverage Industries
- 7 Starch Derivatives Market, By Type
- 7.1 Introduction
- Figure 36 Glucose Syrup To Dominate Starch Derivatives Market From 2023 To 2028 (Usd Million)
- Table 15 Starch Derivatives Market, By Type, 2019–2022 (Usd Million)
- Table 16 Starch Derivatives Market, By Type, 2023–2028 (Usd Million)
- 7.2 Glucose Syrup
- 7.2.1 Expanding Applications In Various Industries And Regions To Contribute To Rising Demand For Glucose Syrup
- Table 17 Glucose Syrup: Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 18 Glucose Syrup: Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 7.3 Modified Starch
- 7.3.1 Modified Starch Characterized By Various Functional Benefits
- Table 19 Modified Starch: Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 20 Modified Starch: Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 7.4 Maltodextrin
- 7.4.1 Maltodextrin To Be Used Widely In Pharmaceutical Industry For Binding Tablets And In Sports Supplements
- Table 21 Maltodextrin: Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 22 Maltodextrin: Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 7.5 Hydrolysates
- 7.5.1 Hydrolysates To Provide Texture And Moisture Retention To Various Food Products
- Table 23 Hydrolysates: Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 24 Hydrolysates: Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 7.6 Cyclodextrin
- 7.6.1 Cyclodextrins To Find Use In Pharmaceutical Industry As Complexing Agents
- Table 25 Cyclodextrin: Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 26 Cyclodextrin: Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 8 Starch Derivatives Market, By Application
- 8.1 Introduction
- Figure 37 Food & Beverages Segment Projected To Dominate Market From 2023 To 2028 (Usd Million)
- Table 27 Starch Derivatives Market, By Application, 2019–2022 (Usd Million)
- Table 28 Starch Derivatives Market, By Application, 2023–2028 (Usd Million)
- 8.2 Food & Beverages
- Figure 38 Bakery & Confectionery Products To Dominate Starch Derivatives Market In Food & Beverage Industry Through 2028
- Table 29 Food & Beverages: Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 30 Food & Beverages: Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 8.2.1 Bakery & Confectionery Products
- 8.2.1.1 Starch Derivatives To Add Taste & Texture To Confectionery Products
- 8.2.2 Processed Foods
- 8.2.2.1 Starch Derivatives To Function As Stabilizers And Provide Freeze-thaw Ability To Processed Foods
- 8.2.3 Beverages
- 8.2.3.1 Rising Consumption Of Low-sugar-content Beverages To Drive Demand For Starch Derivatives
- 8.2.4 Other Food Applications
- 8.3 Industrial
- Table 31 Industrial: Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 32 Industrial: Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 8.3.1 Papermaking
- 8.3.1.1 Starch Derivatives To Provide Internal Strength To Paper Products
- 8.3.2 Weaving & Textiles
- 8.3.2.1 Starch To Shield Against Abrasion For Delicate Fibers During Subsequent Processing
- 8.3.3 Medicines & Pharmaceuticals
- 8.3.3.1 Cyclodextrin To Find Significant Use In Manufacturing Tablets
- 8.3.4 Cosmetics
- 8.3.4.1 Starch To Impart Smoothness To Various Cosmetic Products
- 8.3.5 Other Industrial Applications
- 8.4 Feed
- Table 33 Feed: Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 34 Feed: Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 9 Starch Derivatives Market, By Source
- 9.1 Introduction
- Figure 39 Corn To Dominate Market From 2023 To 2028 (Usd Million)
- Table 35 Starch Derivatives Market, By Source, 2019–2022 (Usd Million)
- Table 36 Starch Derivatives Market, By Source, 2023–2028 (Usd Million)
- Table 37 Starch Derivatives Market, By Source, 2019–2022 (Kt)
- Table 38 Starch Derivatives Market, By Source, 2023–2028 (Kt)
- 9.2 Corn
- 9.2.1 Corn To Dominate Manufacturing Industries As Raw Material
- Table 39 Corn: Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 40 Corn: Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 9.3 Arrowroot
- 9.3.1 Sustainability And Versatile Applications To Propel Arrowroot’s Popularity
- Table 41 Arrowroot: Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 42 Arrowroot: Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 9.4 Rice
- 9.4.1 Environmentally Friendly Production Methods To Boost Appeal Of Rice-based Starch Derivatives
- Table 43 Rice: Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 44 Rice: Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 9.5 Tapioca
- 9.5.1 Cost-effectiveness Of Tapioca Starch, Along With Its Multifunctional Attributes, To Make It Economically Attractive Choice For Food And Non-food Industries
- Table 45 Tapioca: Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 46 Tapioca: Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 9.6 Potato
- 9.6.1 Potato Starch To Find Application Majorly In European Market
- Table 47 Potato: Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 48 Potato: Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 9.7 Wheat
- 9.7.1 Wheat Starch Gaining Popularity Owing To Its Thickening And Blending Properties
- Table 49 Wheat: Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 50 Wheat: Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 9.8 Other Sources
- Table 51 Other Sources: Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 52 Other Sources: Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 10 Starch Derivatives Market, By Form
- 10.1 Introduction
- Figure 40 Dry Form To Dominate Market In 2023
- Table 53 Starch Derivatives Market, By Form, 2019–2022 (Usd Million)
- Table 54 Starch Derivatives Market, By Form, 2023–2028 (Usd Million)
- 10.2 Dry
- 10.2.1 Dry Form To Be More Preferrable Due To Its Convenience In Use
- Table 55 Dry: Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 56 Dry: Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 10.3 Liquid
- 10.3.1 Liquid Form Undergoes Various Complex Processes, Making It Less Preferable
- Table 57 Liquid: Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 58 Liquid: Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 11 Starch Derivatives Market, By Functionality
- 11.1 Introduction
- 11.2 Thickeners
- 11.3 Stabilizers
- 11.4 Binders
- 11.5 Emulsifiers
- 11.6 Other Functionalities
- 12 Starch Derivatives Market, By Region
- 12.1 Introduction
- Figure 41 Starch Derivatives Market: Geographic Growth Opportunities
- Table 59 Starch Derivatives Market, By Region, 2019–2022 (Usd Million)
- Table 60 Starch Derivatives Market, By Region, 2023–2028 (Usd Million)
- 12.2 North America
Pricing
Currency Rates
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