02-Jul-2021 | Facts and Factors
The global starch derivatives market was valued at around USD 50.9 Billion in 2020 and is expected to create approximately USD 64.1 Billion by the end of 2026, with a CAGR of approximately 3.9% between 2021 and 2026.
Starch derivatives, also known as modified starch, are made by altering the characteristics of native starch by enzymatic, physical, or chemical means. Starch derivatives are utilized for a variety of purposes in a variety of sectors. They are utilized as stabilizers and thickeners in the food and beverage industry whereas they are used as a tablet binder in the pharmaceutical sector, in cosmetics as an emulsifier, and in animal feed as a fiber addition. Process tolerance increase, shear stability, film formation, flocculation, adhesiveness, pH stability improvement, and acid stability are some of the other different functions of starch derivatives.
Top Market Players
Major players operative in the global starch derivatives market are JP & SB International, ShreeGluco Biotech Private Ltd., Shubham Starch Chem Pvt. Ltd., Cargill, Tate & Lyle, Grain Processing Corporation, AGRANA, Fooding Company Limited, Tereos, Sanstar Bio-Polymers Ltd., B Food Science Co., Ltd., Sinofi Ingredients, Molinos Juan Semino SA, Jay Sardar Starch & Gum Consultant, Gujarat Ambuja Export, Varun Industries, Archer Daniels Midland Company, Ingredion, Roquette Frères, Global Sweeteners Holdings Ltd., Gulshan Polyols, Foodchem International Corporation, Matsutani Chemical Industry Co., Ltd., Tirupati Starch & Chemicals Ltd., and Nagase & Co., Ltd. amongst others.
Some of the key factors driving the growth of the starch derivatives market are rising demand for convenience foods and drinks in emerging nations, population expansion, and rising per-capita income. Large sums of money are spent on research and development by businesses. The prospects for starch derivative goods in the worldwide market have improved as a result of these advancements. Starch is also used in the biofuel, fermentation industries, adhesive, finishing, and textile weaving. However, biofuel restrictions are being implemented, and raw material costs are rising, which are limiting the expansion of the starch derivatives industry.
Starch derivatives have improved functional characteristics and can be used in a variety of culinary and non-food applications. It serves as an emulsifier, fat replacer, textural agent, and thickening, among other things. Because of their ability to absorb water and bulk up, starch derivatives provide the necessary mouth feel to the foods they are employed in. As a result, they're a great fat replacement. In food items, starch is also employed as a thickening or a gelling agent, as the texture is one of the most significant aspects in determining whether or not customers would accept the product.
Sustainable polymers made from starch derivatives are viewed as a promising alternative to synthetic plastics in packaging applications. They're also simple to work with, and their inherent antistatic qualities make them ideal for foam package. Other bioplastics are less translucent than starch blends and thermoplastic starch (TPS). Novel nanoscale products based on their derivatives are being developed for ultraselective molecular sieves and coatings, nanoelectronics, and ultraprecise drug delivery, among other uses.
Asia Pacific is projected to Dominate Global Starch Derivatives Market Growth
Asia Pacific region dominated the market in 2020 and is anticipated to continue its dominance in the upcoming years. This can be attributed to the growing processed food demand coupled with the changing trends in the lifestyle of people in the region. Because of increasing industrialization and increased per-capita middle-class spending capability, emerging nations such as India and China are seeing a surge in modified starch consumption. It is projected to see a rise in usage in untapped commercial areas including healthcare, nutrition, and functional foods. The presence of raw materials in abundance in the Asia Pacific is expected to drive the starch derivatives market in the region. Corn is one of the major raw materials in the Asia Pacific starch derivatives market. In 2009-2010 India produced 2,000 kilograms of corn per hectare which increased in 2014-2015 to 2,564 kilograms of corn per hectare. Around 10-12% of corn cultivated in India is used in the starch and starch derivatives industry.
Browse the full report “Starch Derivatives Market by Type (Glucose Syrup, Modified Starch, Maltodextrin, Hydrolysates, Cyclodextrin, and Others), By Source (Corn, Cassava, Potato, Wheat, and Others), By Form (Dry, and Liquid), By Application (Food & Beverages, Industrial, Papermaking, Weaving & Textiles, Medicines & Pharmaceuticals, Cosmetics, Feed, and Others), By Region: Global and Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026” at https://www.fnfresearch.com/starch-derivatives-market
The global starch derivatives market is segmented as follows:
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