The starch derivatives market is estimated to be valued at USD 50.9 billion in 2020 and is projected to reach USD 61.5 billion by 2025, recording a CAGR of 3.9 %, in terms of value.
The market is primarily driven by factors such as increasing consumption of processed food and convenience food. Asia Pacific is projected to be the fastest-growing regional market. Asian countries, especially China, have emerged as leading destinations, as major companies are investing in these countries. One of the major restraints in the growth of the starch derivatives market is the rising costs of raw materials and high research and development costs involved in extraction of starch.
By application, the food & beverages segment is projected to grow at the highest CAGR during the forecast period.
Based on application, the food & beverages segment is expected to be the fastest-growing during the forecast period. This segment is rapidly growing, mainly due to the increasing demand for convenience food, in which starch derivatives are considered as food additives. In food applications, the starch derivatives are used for their functional applications, as fat replacers, texture improvers, nutritional products, high shear ability, and temperature stability.
By form, the liquid form is estimated to account for the largest share.
The liquid form of starch derivatives is dominating the market. The liquid form of the starch derivatives is quite popular among the manufacturers. Glucose syrup is available in liquid form and is used by many industrial manufacturers because of pf the functional properties associated with it. It is used in numerous food & beverage applications such as candy, beer, fondant, and certain canned and premade baked goods.
The Asia Pacific region is projected to grow at the highest CAGR during the forecast period
Asia Pacific is projected to be the fastest-growing market for the period considered for this study, due to increase in demand for convenience & processed food, along with the growing industrial base, leading to increased demand for starch derivatives in the region. In addition, the growing industrial applications, starch processing technologies, and ready availability of starch derivatives drive the market in Asia Pacific countries.
The starch derivatives market is segmented region-wise, with a detailed analysis of each region. These regions include Asia Pacific, North America, Europe, South America, and RoW (Middle East and Africa).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Starch Derivatives Market 4.2 Starch Derivatives Market: Key Regional Submarkets 4.3 Asia-Pacific: Starch Derivatives Market, by Key Raw Material & Country 4.4 Starch Derivatives Market, by Type 4.5 Starch Derivatives Market, by Raw Material & Region 4.6 Starch Derivatives Market, by Application 4.7 Starch Derivatives Market, by Form
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Rise in Demand for Consumption of Processed and Convenience Food 5.2.1.2 Functional Properties of Starch Derivatives and Their Incorporation in a Wide Range of Food Applications 5.2.1.3 Increase in Consumer Shift Toward Plant-Based Diets 5.2.1.4 Health-Conscious Consumers Reducing Sugar Content in Their Diets 5.2.2 Restraints 5.2.2.1 High R&D Cost Creates a Barrier in the Development of Starch Derivatives Market 5.2.2.2 Growth of the Gum Arabic Market 5.2.3 Opportunities 5.2.3.1 Potential Alternative Sources to Starch Derivatives 5.2.3.2 Untapped Application of Starch Derivatives 5.2.4 Challenges 5.2.4.1 Alternative Uses of Corn in the Ethanol Industry 5.2.4.2 Rise in the Cost of Raw Materials 5.3 COVID-19 Impact on Starch Derivatives Market 5.4 Global Average Price of Starch Derivatives, by Raw Material (Usd/Ton) 5.5 Value Chain 5.6 Supply Chain 5.7 Ecosystem/Market Map for Food & Beverages 5.8 Key Market for Import/Export 5.8.1 Corn Starch 5.8.2 Cassava Starch 5.8.3 Potato Starch 5.8.4 Wheat Starch 5.9 Yc-Shift 5.10 Regulation 5.10.1 Introduction 5.10.2 Food and Drug Administration
6 Starch Derivatives Market, by Type 6.1 Introduction 6.1.1 COVID-19 Impact on the Starch Derivatives Market, by Type 6.1.1.1 Optimistic Scenario 6.1.1.2 Realistic Scenario 6.1.1.3 Pessimistic Scenario 6.2 Glucose Syrup 6.2.1 Extensive Use of Glucose Syrup in Confectionery Products 6.3 Modified Starch 6.3.1 Modified Starch Characterized by Various Functional Benefits 6.4 Maltodextrin 6.4.1 Maltodextrin Used Widely in the Pharmaceutical Industry for Binding Tablets and in Sports Supplements 6.5 Hydrolysates 6.5.1 Hydrolysates Provide Texture and Moisture Retention to Various Food Products 6.6 Cyclodextrin 6.6.1 Cyclodextrins Find Use Largely in the Pharmaceutical Industry as Complexing Agents
7 Starch Derivatives Market, by Raw Material 7.1 Introduction 7.1.1 COVID-19 Impact on the Starch Derivatives Market, by Raw Material 7.1.1.1 Optimistic Scenario 7.1.1.2 Realistic Scenario 7.1.1.3 Pessimistic Scenario 7.2 Corn 7.2.1 Corn Dominates Across Manufacturing Industries as a Raw Material 7.3 Cassava 7.3.1 Cassava Offers Various Functional Properties 7.4 Potato 7.4.1 Potato Starch Finds Its Application Majorly in the European Market 7.5 Wheat 7.5.1 Wheat Starch is Gaining Popularity Owing to Its Thickening and Blending Properties 7.6 Other Raw Materials 7.6.1 Increase in Demand for Other Raw Materials from Various Application Industries
8 Starch Derivatives Market, by Application 8.1 Introduction 8.1.1 COVID-19 Impact on the Starch Derivatives Market, by Application 8.1.1.1 Optimistic Scenario 8.1.1.2 Realistic Scenario 8.1.1.3 Pessimistic Scenario 8.2 Food & Beverages 8.2.1 Bakery & Confectionery Products 8.2.1.1 Starch Derivatives Add Taste & Texture to Confectionery Products 8.2.2 Processed Foods 8.2.2.1 Starch Derivatives Function as Stabilizers and Provide Freeze-Thaw Ability to Processed Foods 8.2.3 Beverages 8.2.3.1 Increase in Consumption of Low-Sugar-Content Beverages 8.2.4 Other Food Applications 8.2.4.1 Starch Derivatives Add Crunch to Snacks & Cereals 8.3 Industrial 8.3.1 Papermaking 8.3.1.1 Starch Derivatives Provide Internal Strength to Paper Products 8.3.2 Weaving & Textiles 8.3.2.1 Starch Acts as a Shield Against Abrasion for the Delicate Fibers During Subsequent Processing 8.3.3 Medicines & Pharmaceuticals 8.3.3.1 Cyclodextrin Finds Significant Use in Manufacturing Tablets 8.3.4 Cosmetics 8.3.4.1 Starch Imparts Smoothness to Various Cosmetics Product 8.3.5 Other Industrial Applications 8.3.5.1 Modified Starches Improve the Quality of Corrugated Cardboard 8.4 Feed
9 Starch Derivatives Market, by Form 9.1 Introduction 9.1.1 COVID-19 Impact on the Starch Derivatives Market, by Form 9.1.1.1 Optimistic Scenario 9.1.1.2 Realistic Scenario 9.1.1.3 Pessimistic Scenario 9.2 Dry 9.2.1 Dry Form is Convenient to Use 9.3 Liquid 9.3.1 Liquid Form Undergoes Various Complex Processes, Making It Less Preferable
10 Starch Derivatives Market, by Function 10.1 Introduction 10.2 Thickeners 10.3 Stabilizers 10.4 Binders 10.5 Emulsifiers 10.6 Other Functions
11 Starch Derivatives Market, by Region 11.1 Introduction 11.1.1 COVID-19 Impact on the Starch Derivatives Market, by Region 11.1.1.1 Optimistic Scenario 11.1.1.2 Realistic Scenario 11.1.1.3 Pessimistic Scenario 11.2 North America 11.3 Europe 11.4 Asia-Pacific 11.5 South America 11.6 Rest of the World (Row)
