Published Date : 30 Dec 2022
The global starch derivatives market size is expected to be worth around USD 127.07 billion by 2032 from USD 77.64 billion in 2022, growing at a CAGR of 5.10% during the forecast period 2023 to 2032.
From an industrial standpoint, the market for starch derivatives is significant since they are used as additives in a variety of sectors for a range of purposes. It is a biopolymer that occurs naturally and is used as an energy source by practically all plants. Among many others, the main sources of starch for industrial manufacturing include wheat, potatoes, tapioca, and corn.
Depending on the use, starches can be altered to change their texture, increase or reduce their viscosity, and enhance or decrease their stability against extremes in temperature, cooling, acid, time, shear, or freezing. Product makers, raw material suppliers, and processors are some of the industry's various stakeholders.
Asia-Pacific held dominant position and predicted to be in the dominating state during forecast period. Due to the changing lifestyle habits, the Asia region has a dominating position in the starch derivatives industry. Due to their busy lives, people are looking for ready-to-eat food options. The use of starch and its derivatives has become necessary due to the rising demand for convenience foods.
Additionally, the better functionality of modified starches has quickly broadened their range of possible uses. As industrial uses and technologies for starch processing change quickly in the region, Asia Pacific is also the market with the quickest growth. A growing number of sectors are using starch derivatives in their production procedures and end products, which is driving up demand for them.
Starch Derivatives Market Report Scope
|Market Size in 2023||
USD 81.21 Billion
|Market Size by 2032||
USD 127.07 Billion
|Growth Rate from 2023 to 2032||CAGR of 5.10%|
|Forecast Period||2023 to 2032|
|Segments Covered||Raw Material, Type, Function, Application, and Form|
|Regions Covered||North America, Europe, Asia-Pacific, Latin America and Middle East & Africa|
3B - the fiberglass company, BASF SE, Bast Fibers LLC, Binani Industries, Century Enka Limited, Cordenka GmbH, Dupont De Nemours Inc., Formosa Taffeta Co. Ltd., Honywell International Inc., Hyosung Advanced Materials, JEC Group, Kolon Industries Inc., N.V. Bekaert S.A., NFC Fibres GMBH, NJR Steel, Owens Corning, Solvay, Teijin Limited, Toray Industries Inc, Toyobo Co. Ltd
The increased functional qualities of starch derivatives make them appropriate for a variety of food and non-food applications. It can be used as a thickening, textural agent, fat replacement, and emulsifier, among other things. Because they have the ability to absorb water and bulk up, starch derivatives give the food products they are employed in the necessary mouthfeel. They are a great alternative to fat because of this. Since texture is one of the key elements in determining whether a consumer would accept a food product, starch is also employed in food products as a thickening or gelling agent. The development of a variety of components that may be tailored to satisfy the majority of formulation issues is the result of advances in the technologies used to process starch.
The use of starch and its derivatives has become necessary due to the rising demand for convenience foods. Additionally, the better functionality of modified starches has quickly broadened their range of possible uses. The functional qualities of starches are a significant contributing factor for their sales performance, from thickening sauces to molding gums, using them as viscosity-control agents to binding ingredients in baking.
Moreover, the major drivers driving the growth of the starch derivatives market include rising population levels, rising per capita income, and rising demand for convenient foods and drinks in developing nations. Large sums of money are being spent by businesses on research and development. The prospects of products derived from starch on the international market are improving as a result of these advancements.
The high R&D costs associated with the extraction and production of starch derivatives are one of the main factors limiting the market's growth. They have few natural sources for extracting starch while being employed in many different industries, including food and beverage, pharmaceuticals, paper, and many more.
Derivatives of starch offer a number of advantages and have improved functional characteristics. Due to this, producers and distributors have been compelled to create and offer a wide variety of starch derivatives for use in both culinary and non-food applications. High-quality starch derivatives must be produced, nevertheless, in order to use them in numerous new sectors. The market for starch derivatives isn't expanding since there isn't enough investment.
Manufacturers of starch derivatives have a lot of undiscovered application areas that provide great potential. Increasing the number of commodity sources for starch extraction and integrating modification techniques increases the potential applications. Glucose obtained from starch can be fermented to create lactic acid, which can then be polymerized to create biodegradable plastics or films. Like this, leftover potato starch can also be used as a feedstock in fermentation processes. A variety of feedstocks based on starch can be used to create a number of polymers.
A wide range of biotechnological products, including organic acids, antibiotics, vitamins, and hormones, can be produced in large quantities using modified starch as a fermentation base. Moreover, the market will be boosted by the development of new technologies and creative experimentation in starch derivatives across numerous sectors.
The competition for available raw materials among different businesses is one of the biggest problems the market for starch derivatives has to deal with. The availability of maize and its price for the production of starch acts as a key restraint on the market because corn is the primary source for starch production worldwide and is also used in many sectors for different uses. The production of the raw materials, such as corn, wheat, tapioca, and others, is significantly influenced by the effects of the climate as well as other geological and political factors, making it a volatile factor. Moreover, the demand for this starch increases as a result of expanding consumption of its derivatives in industries such as food and beverage, feed, medicines, cosmetics, and paper. This increased demand drives up the cost of raw materials.
By Raw Material
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