Starch Derivatives Market – Global Industry Analysis, Market Size Estimation, and Growth Forecast by Types (cyclodextrin, glucose syrup, maltodextrin, hydrolysates, modified starch), By End-Use Industry (food and beverages, pharmaceuticals, feed industry, paper, cosmetics) & By Regions, 2017 – 2025

Global Starch Derivatives Market Is Expected to Reach $55.9 Billion by 2025

Starch Derivatives Market – Introduction

Starch derivatives include modifications that alter the chemical structure of some of the D-glucopyranosyl units present in the molecule. These modifications involve esterification, etherification, and oxidation. Starch is a polymeric carbohydrate that contains a large number of glucose units joined by glycosidic bonds. Starch derivatives are also known as modified starch. Starch derivatives are primarily used in food products as thickening agents. Additionally, it is also used as an emulsifier or stabilizer in food products. Moreover, starch derivatives are also used as disintegrants in the pharmaceutical industry and as binders in coated paper applications.

The modification of starch properties by derivatization is a prime factor in the growth and continued application of starch to provide gelling, thickening, binding, film-forming, and adhesive functionality. The application of modified starch in different end-use industries, which include food and beverages, cosmetics, pharmaceuticals, and other industries, is fueling the market for starch derivatives globally.

Report Overview

Aspect	Details
Base year of Estimation	2016
Value Estimation Year	2017
Forecast Period	2017 – 2025
Market Segmentations	By types, end-use industry, geography
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America
Report Coverage	Technology Analysis, Market Dynamics, Market Trends, Segmentation Overview, and Competitive Landscape of the market

Market Segmentation Overview

Segments	Details
By Types	Cyclodextrin, glucose syrup, maltodextrin, hydrolysates, and other modified starch
By End-Use Industry	Food and beverages, pharmaceuticals, feed industry, paper, cosmetics among others
By Region	North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America

Technology Analysis

30,000 years ago, starch grains from the rhizomes of Typha as flour, and they have been identified from the grinding stones in Europe. The Romans used the extraction of starch as hair care products, cosmetic products, and as a thickening agent in sauces. From 700 AD onwards in China, rice starch was used as a surface treatment for paper in the papermaking industry. Approximately, 40% of starch derivatives are used in industrial applications, while 60% are for food and beverage applications, most of them as glucose syrups.

Market Dynamics

Growing demand for modified starch in pharmaceutical, feed, textile, and other industries is stimulating the market for starch derivatives globally. In the papermaking industry, starch derivatives are used as wet-end additives for surface sizes and coating binders. Additionally, encapsulating and gelling agents are used in the beverage industry. Moreover, modified starch has also found application in cosmetics and tableting formulations. Furthermore, some of the starch derivatives are also incorporated into the plastics industry in order to enhance environmental degradation and fragmentation.

Starch derivatives also contain some functional properties, for instance, as fat replacers. Increasing consumer health awareness and rising demand for processed food products owing to time constraints and a busy lifestyle are propelling the growth of the starch derivatives market across different regions globally. Starch derivatives are primarily used as volume-adding agents and texturing agents, and they also prevent sugar from crystallizing in beverages. These attributes are some of the prime factors boosting the application of starch derivatives in the food and beverage industry.

One of the major contributing factors to the positive development of the market is the increasing research activity in the field. The Middle East, Africa, and Latin America are expected to show a significant growth rate owing to the advanced industrial sectors and increasing demand for packaged foods. The price volatility of raw materials and increasing application are curbing the demand for starch derivatives, which is one of the restraining factors for the market. However, increasing consumer preference for natural ingredients and preference for processed food products across emerging countries of developing nations is one of the prime opportunities for the starch derivatives market.

Market Trends

Increasing demand for convenience foods and other beverages in developing countries is one of the prime driving factors for the starch derivatives market. Growing usage of modified starches in the cosmetics, feed, and pharmaceutical industries, among others, is also propelling the growth of this market globally. From a consumption perspective, Asia-Pacific dominated the market owing to increasing consumer preference for processed food and beverages, growing urbanization, and rising demand for healthy alternatives, followed by North America and Europe. China and India are having a positive impact on the market for starch derivatives. In North America, the U.S. accounted for the largest market share in terms of revenue. In Latin America, Brazil and Argentina are both contributing to the positive development of the market. The increasing application of starch derivatives across different end-use industries, which include textiles, plastics, cosmetics, paper, and other industrial applications, is contributing to the positive growth of the market in different geographies globally.

Segmentation Overview

By types

By type, the starch derivatives market has been segmented as cyclodextrin, glucose syrup, maltodextrin, hydrolysates, and other modified starch.

• Cyclodextrin,
• Glucose syrup,
• Maltodextrin,
• Hydrolysates and other modified starch

By end-use industry

By end-use industry, the market has been segmented into food and beverages, pharmaceuticals, feed industry, paper, and cosmetics among others. Glucose syrup holds the largest market share in the starch derivatives market owing to its extensive utilization application in food and beverage. Food & beverage constitutes the largest end-use industry for starch derivatives.

• Food and beverages,
• Pharmaceuticals,
• Feed industry,
• Paper,
• Cosmetics among others

By geography

By geography, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. In terms of revenue, Asia Pacific accounted for the largest share of the starch derivatives market, followed by North America and Europe.

• North America,
• Europe,
• The Asia Pacific,
• The Middle East & Africa (MEA), and
• Latin America

Competitive Landscape

Major players operating in the derivatives market are AGRANA Beteiligungs-AG (Austria), Tate & Lyle plc (The U.K.), Archer Daniels Midland Company (The U.S.), The cooperative Avebe U.A (The Netherlands), Cargill, Inc. (The U.S.), Emsland Group (Germany), Grain Processing Corporation (The U.S.), Ingredion Incorporated (The U.S.), and Roquette Frères S.A. (France) among others. Research and development activities along with geographical expansion by opening new sales offices in different regions are some of the prime strategies followed by the companies operating in the starch derivatives market.

Conclusion

Considering the increasing consumer preference for packaged and processed foods and beverages along with increasing industrialization, for example, advancements in the papermaking industry, feed industry, cosmetics industry, textile, and other industries are some of the pushing factors that are considered as drivers for the global starch derivatives market.