ALBANY, New York, December 14, 2015 /PRNewswire/ --
According to a new market report published by Transparency Market Research "Starch Derivatives Market - Global Industry Analysis, Size, Share, Growth and Forecast 2015 - 2021", global starch derivatives market was valued at US$45.3 billion in 2014 and is expected to reach US$68.7 billion by 2021, growing at a CAGR of 5.90% from 2015 to 2021. Asia Pacific dominated the global starch derivatives market in terms of demand over the forecast period. Further, Asia Pacific is expected to be the most promising market for starch derivatives in the coming years.
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The global starch derivatives market is primarily driven by rise in demand for starch based food and beverages. Furthermore, rise in demand for starch derivatives in pharmaceutical industry is also a key factor supporting the growth of the market significantly. Strong demand for natural sweeteners in the food processing industry is expected to positively impact the growth of the global starch derivatives market over the forecast period. Rising consumption of non-carbonated and energy drinks that contain ample natural sweeteners is anticipated to complement the growth of the global market. Moreover, starch derivatives find major application in the food and beverages industry along with paper, animal feed, cosmetics and pharmaceutical sectors, however, they are also used in bio-fuels, textile weaving and finishing, paper and glue production, and fermentation industries. Such widespread application is expected to further help in the growth of the global starch derivatives market during the forecast period. However, the restraining factor of the starch derivatives market is the rising raw material prices and growing usage of substitute products. Lack of customized starch derivative products coupled with availability of alternative products such as gum is projected to hinder growth of the starch derivatives market during the forecast period.
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The glucose syrup market segment held the largest market share in 2014. Glucose syrup is expected to grow at a CAGR of 5.70% from 2015 to 2021. Modified starch held the second largest market share of starch derivatives market in 2014 followed by hydrolysates, maltodextrin and cyclodextrin. In addition, in the overall starch derivatives market, maltodextrin is expected to grow at fastest rate over the forecast period.
Asia Pacific is the market leader in the starch derivatives market, growing at a steady rate from 2015 to 2021. Europe is the other major region where starch derivatives sales are very strong and the region is expected to grow with a stable CAGR from 2015 to 2021, followed by North America and RoW. In Asia Pacific, China and India are the major markets growing at a high CAGR from 2015 to 2021. In Europe, Germany was the most attractive market for starch derivatives in terms of revenue in 2014. In North America, the U.S. and Canada dominated the market revenue for starch derivatives. Though Asia Pacific held the leading position in global starch derivatives market, still it is expected to grow with a high CAGR as compare to Europe over the forecast period.
Tate & Lyle PLC, Archer Daniels Midland Company, Ingredion Incorporated, Cargill, Incorporated, Roquette Frères S.A., AGRANA Group, Avebe U.A. and Grain Processing Corporation are some of the key players operating in the starch derivatives market globally.
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This research study is particularly designed to estimate and analyze the demand and performance of starch derivatives in a global scenario. Moreover, under the scope of the report, all the major product segments of the starch derivatives are covered. In addition, the report covers historical data, business strategies of major market players; statistically refined forecast and in-depth analysis for each segment. The report provides detail analysis of starch derivatives ingredients and starch derivatives product manufacturers, sales of starch based products and trend analysis by segments and demand by geography. The research study presents a comprehensive assessment of the starch derivatives, company's business strategies and winning imperatives of them by segmenting the starch derivatives market as below:
Global starch derivatives market has been segmented as follows:
Global starch derivatives market, by product type
- Glucose Syrup
- Modified Starch
Global starch derivatives market, by application
- Food and Beverages
- Others (including industrial applications, bio-ethanol, bio fuel, glue manufacturing etc.)
In addition, the report provides cross-sectional analysis of all the above segments with respect to the following geographies:
Global starch derivatives market, by geography
- Rest of North America
- Rest of Europe
- Rest of APAC
Rest of the World (RoW)
- Latin America
- Middle East
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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