Starch Derivatives Market Report

Starch Derivatives Market Analysis By Product (Cyclodextrin, Maltodextrin, Glucose Syrup, Hydrolysates, Modified Starch), By Application (Food & Beverage, Cosmetics, Paper, Pharmaceuticals, Feed) And Segment Forecasts To 2022

Published: March 2016  |  60 Pages  |  Format: PDF  |  Report ID: 978-1-68038-519-9

Industry Insights

Global starch derivative market size was 49,171.8 kilo tons in 2014 and is expected to witness significant growth over the next seven years owing to its growing application in processed foods, beverages and pharmaceuticals. Its increasing demand as a thickening agent, stabilizer, emulsifier, and binder will augment industry development.

Growing consumer concerns regarding health and nutrition along with changing preference towards healthy appetite is likely to be a major driver for market expansion. Surging requirement for natural sweeteners in energy drinks and non-carbonated soft drinks will increase penetration over the forecast period.

Increasing use of the ingredient in various sectors such as biofuels, paper and glue manufacturing is likely to supplement market penetration. Increasing investments by various players including Cargill Inc., Roquette, and Grain Processing Corporation is expected to stimulate production.

Rising consumption of additives in custards, soups, puddings, salad dressings, gravies, pie fillings, sauces, noodles and pastas will spur consumption. However, increasing R&D expenditure along with variation in raw material prices is likely to restrain industry expansion. Mounting usage of substitutes including gum will restrict demand.

Technological advancements in India, China and Brazil to develop new products are expected to create new opportunities for industry growth. Increasing government support in order to promote natural ingredients will open new avenues over the next seven years.

U.S. starch derivative market volume by application, 2012 - 2022 (Kilo Tons)

U.S. starch derivative market

Product Insights

Glucose syrup dominated the global market accounting for over 55.0% of the volume in 2014 and is expected to witness significant gains over the forecast period in light of rising consumption of ice creams, desserts, bakery products, processed meats, and sauces.

Increasing glucose consumption in non-food applications including cosmetics, pharmaceuticals, adhesives, textiles, paper, and plywood is expected to propel demand. In addition, it serves as a flavor enhancer, volume adding agent, texture agent and inhibitor of sugar crystallization in drinks.

Maltodextrin is expected to witness significant growth in terms of revenue at a CAGR of 6.6% from 2015 to 2022 as a result of its increasing use in various industries including food, cosmetics, pharmaceuticals, paper, textile, construction, and paints & coatings over the next seven years. Increasing demand for maltodextrin as a thickener and filler in processed food owing to its inexpensive nature will propel industry expansion. Increasing requirement for baby and infant foods will drive growth over the next seven years.

Application Insights

Food & beverages was the largest application segment in 2014 accounting for over 60% of global volume and is likely to witness significant growth on account of growing consumption for packaged and convenience food in various countries including China, India, Brazil, the U.S., Germany, and Saudi Arabia.

Pharmaceuticals are expected to witness significant gains at a CAGR of 6.5% from 2015 to 2022 in light of high disposable incomes, and enhancement in healthcare infrastructure. In addition, increasing pharmaceutical industry in U.S., China, and India is predicted to offer substantial opportunity over the forecast period.

Regional Insights

Asia Pacific starch derivative market accounted for over 30.0% of the global volume share and will show high increment on account of expansion of the food & beverages and pharmaceutical sectors in China, India, South Korea, Thailand, Philippines and Indonesia.

Ongoing developments in paper and textiles, along with growing requirement for convenience food will fuel industry growth in Asia Pacific over the next seven years. Increasing investment by foreign players such as Ingredion Incorporated, Cargill Inc. and Roquette in India is expected to augment demand.

North America is expected to grow at a CAGR of 3.4% from 2015 to 2022, in terms of volume, on account of expansion of the pharmaceutical and food & beverage sector in the U.S., Canada and Mexico. Europe is likely to show substantial increment as a result of rapid escalation in personal care, and textile sector in UK, Germany and Spain.

Brazil dominated the Latin American starch derivative market in 2014. Rising disposable income of consumers and rapid urbanization are macro factors expected to drive demand in the region over the forecast period. Moreover, increasing investment by Cargill Inc. in Brazil in order to produce maltodextrin and modified starch will drive growth over the forecast period. MEA is likely to witness immense potential as a result of high demand for sweeteners in South Africa and Egypt.

Competitive Insights

ADM, Roquette Frères, Cargill Inc., Emsland Group, Ingredion Incorporated, Agrana Group, Avebe U.A., Tate & Lyle PLC, Grain Processing Corporation, and Global Bio-chem Technology Group Company Limited dominated the global starch derivative company market share in 2014. The industry is highly competitive with major companies involved in constant product innovation and R&D activities.

In 2013, Cargill and Arasco entered into joint venture in the Kingdom of Saudi Arabia calling it ‘Middle East for Food Solutions Co (MEFSCO)’, in order to expand production of starches and sweeteners.

In March 2014, Cargill installed a new 500,000 ton corn starch and sweetener plant in Castro, Brazil, with total investment of USD 214 million in order to expand its corn processing capacity in Latin America by 30%.

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