Global Starch Derivatives Market Rising at 5.90% CAGR 2015-2021, Driven by Rising Demand from F&B Industry
Transparency Market Research (TMR) has announced the publication of a new report on the food and beverage industry. The report studies the global starch derivatives market, examining the segmentation of the market by various criteria, the major drivers and restraints affecting the growth trajectory of the market, and the major players operating in it.The report is titled ’ Starch Derivatives Market – Global Industry Analysis, Trend, Size, Share and Forecast 2015 – 2021’ and is available for sale on the official website of TMR.
Starch derivatives are various products derived from natural starches. Starch derivatives can be used in various applications, primarily as a thickener, stabilizer, and emulsifier. They can be used in various processes in a range of industries such as food and beverage, cosmetics, and pharmaceutical.
TMR analysts have projected a sturdy 5.90% CAGR for the global starch derivatives market from 2015 to 2021, which would result in the market’s valuation increasing from US$45.3 bn in 2014 to an expected US$68.7 bn in 2021.
The report segments the global starch derivatives market on the basis of product type, application, and geography. Glucose syrup emerged as a dominant product segment of the global starch derivatives market in 2014, along with maltodextrin, due to its wide variety of applications, including the animal feed, cosmetics, paper, and pharmaceuticals industries. Maltodextrin accounts for the highest revenue contribution to the global starch derivatives market. Other major product types in the global market include cyclodextrin, hydrolysates, and modified starch.
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According to application, the food and beverage industry emerged as the top revenue generator in the global starch derivatives industry. The dynamic growth of the global food and beverage industry in recent years in response to the growing global population and the increasing globalization of the food trade are two of the major drivers for the global starch derivatives market. Starch derivatives such as glucose syrup are used as a stabilizer, flavor enhancer, thickener, and texture modulator in the food and beverage industry, leading to sustained demand from across the world. The rising demand for natural sweeteners in recent years has also been helpful for the global starch derivatives market.
On the basis of geography, Asia Pacific accounted for the largest share in the global starch derivatives market in 2014. The growing demand for multiple applications of starch derivatives in populous and prosperous countries such as China and India has propelled the APAC starch derivatives market. However, the largest consumer base for starch derivatives is in North America and Europe, due to the advanced industrial sectors in these regions.
The major competitors in the global starch derivatives market are Tate & Lyle PLC, Cargill, Inc., AGRANA Group, Grain Processing Corporation, Roquette Frères S.A., Emsland-Stärke Gmbh, and others.
The global starch derivatives market is segmented as follows:
Global starch derivatives market, by product type
Global starch derivatives market, by application
Food and Beverages
Others (including industrial applications, bio-Ethanol, bio fuel, glue manufacturing etc.)