Global Starch Derivatives Market: By Product Type (Glucose Syrup, Maltodextrin, Modified Starches, Hydrolysates, and Cyclodextrin), By Application (Food & Beverages, Pharmaceuticals, Papermaking, Animal Feed, Cosmetics, and Others), and Geography - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global starch derivatives market was valued at US $ XX Mn in 2017 and expected to grow at 6.1% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Starch Derivatives Market
Starch derivatives are otherwise called as modified starch. They are prepared using native starch, subjecting it chemically or enzymatically, and physically. They are used in various applications as an emulsifier, binder, disintegrate, and thickening agent. Starches are usually modified in order to enhance their performance.
Market Dynamics: Starch Derivatives Market
Increase in the demand for convenience food is the key factor attributed for the growth of the starch derivatives. Its functional properties and wide range of applications in various industries is boosting the growth of the starch derivatives market. Growing health concerns and increasing use of starch derivatives as natural sweeteners in various drinks is driving the growth of the starch derivatives market. However, the availability of alternatives and growing research and development expenditures may hinder the growth of the starch derivatives market.
Geographically, the global starch derivatives market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific starch derivatives market holds the largest share when compared with that of the other regional markets. The rising demand for the starch derived products in emerging countries like China, Japan, and India is attributed for the growth of the market in this region. The Europe starch derivatives market follows Asia Pacific, holding the second major share in the global starch derivatives market. North America starch derivatives market is expected to grow significantly over the forecast period owing to the presence of larger number of food and pharmaceutical companies.
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