Starch Derivatives Market To Reach $74.30 Billion By 2022: Grand View Research, Inc.

SAN FRANCISCO, September 15, 2015 /PRNewswire/ --

The global starch derivatives market is expected to reach USD 74.30 billion by 2022, according to a new report by Grand View Research, Inc. Increasing demand for sweeteners in various food items including bakery & confectionery, non-carbonated drinks and energy drinks is expected to support the market growth.

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Growing pharmaceutical sector in various countries including India, China, U.S., Saudi Arabia and Brazil is likely to propel demand. Rising consumption of baby food, which stabilizes high-fat ingredients is likely to be a major driver for maltodextrin.

Browse full research report with TOC on "Starch Derivatives Market Analysis By Product (Cyclodextrin, Maltodextrin, Glucose Syrup, Hydrolysates, Modified Starch), By Application (Food & Beverage, Cosmetics, Paper, Pharmaceuticals, Feed) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/starch-derivatives-market  

Increasing regulatory support for natural ingredients in various sectors including pharmaceuticals, cosmetics, fermentation, and textile is likely to stimulate industry expansion. Asia Pacific will show significant gains over the forecast period as a result of rapid expansion of the food & beverage sector, increasing investment by companies along with growing number of manufacturing facility by Cargill Inc. and Roquette.

Growth of pharmaceutical, food & beverage and cosmetic sectors in MEA is expected to augment demand over the forecast period. However, volatile raw material prices coupled with high R&D cost is expected to hinder growth.

Food & beverages dominated the global market in 2014 and will witness volume growth at a CAGR of 3.9% from 2015 to 2022 on account of ongoing product innovation, rising consumer preferences for high-quality products along with strengthening government regulations. Furthermore, high demand for bakery and confectionary products in India, China, Vietnam, Malaysia, Australia and Brazil is likely to fuel growth.

Further key findings from the study suggest: 

• Global starch Derivatives market demand was 49,171.8 kilo tons in 2014 and is expected to grow at a CAGR of 3.8% from 2015 to 2022.
• Glucose syrup dominated the global industry in 2014 and is likely to witness high revenue gains over the forecast period, generating revenues exceeding USD 44.50 billion by 2022. Increasing consumption for convenience foods, instant desserts, processed meats, ice creams, bakery products, and sauces is expected to be a primary driver for the segment. Cost effectiveness coupled with ability to modify the degree of fermentation will fuel demand over the forecast period.
• Latin America and MEA are high potential markets owing to rising consumer demand for food & beverages, pharmaceuticals and personal care products. Improving economic conditions in the region owing to industrial development is expected to be one of the primary market drivers. Increasing urbanization and changing lifestyles of consumers is expected to result in high demand for ready-to-eat and packaged foods, subsequently propelling starch Derivatives demand.
• Roquette Frères, Tate & Lyle PLC, ADM, Cargill Inc., Ingredion Incorporated and Global Bio-chem Technology Group Company Limited dominated the global starch Derivatives market in 2014. Numerous companies are developing new methods for manufacturing unique and innovative products in order to satisfy requirements of various industries including food & beverage and pharmaceuticals.
• In July 2015, Cargill launched new instant modified starch called 'C PulpTex 12931'. This product can withstand harsh processing conditions and can improve texture in sauces, condiments and soups.

Grand View Research has segmented the global starch derivatives market on the basis of product, application and region:

• Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022) 
  • Maltodextrin
  • Glucose Syrup
  • Cyclodextrin
  • Hydrolysates
  • Modified Starch
  • Others

• Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022) 
  • Food & Beverages
  • Cosmetics
  • Paper
  • Pharmaceuticals
  • Feed
  • Others
• Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022) 
  • North America
    • U.S.
  • Europe
    • Germany
  • Asia Pacific
    • China
    • India
  • Latin America
    • Brazil
  • MEA

Browse related reports by Grand View Research: 

• Beverage Packaging Market - http://www.grandviewresearch.com/industry-analysis/beverage-packaging-market  

• Dairy Processing Equipment Market - http://www.grandviewresearch.com/industry-analysis/dairy-processing-equipment-market  

• Alginate Market - http://www.grandviewresearch.com/industry-analysis/alginate-market  

• Food Grade Industrial Gases Market - http://www.grandviewresearch.com/industry-analysis/food-grade-industrial-gases-market                                                                                                            

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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