Starch Derivatives Market
PUBLISHED: 2024 ID: SMRC26209
SHARE
SHARE

Starch Derivatives Market

Starch Derivatives Market Forecasts to 2030 - Global Type (Modified Starch, Glucose Syrup, Hydrolysates, Maltodextrin, Cyclodextrin and Other Products), Source, Form, Functionality, Application, End User and By Geography

4.5 (91 reviews)
4.5 (91 reviews)
Published: 2024 ID: SMRC26209

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Starch Derivatives Market is accounted for $59.4 billion in 2023 and is expected to reach $85.9 billion by 2030 growing at a CAGR of 5.4% during the forecast period. Starch derivatives are modified forms of starch, crafted for specific applications in various industries. These alterations enhance properties like viscosity, stability, or texture. Common derivatives include maltodextrin, used as a thickener or filler in food products, and cyclodextrins, employed in pharmaceuticals for drug delivery. Hydroxypropyl starches find utility in cosmetics as emulsifiers, while pregelatinized starches act as binders in pharmaceutical tablets. The modification processes may involve chemical or enzymatic treatments, ensuring the derivatives meet desired performance criteria. 

Market Dynamics: 

Driver: 

Rising demand in the food and beverage industry

Starch derivatives act as thickeners, gelling agents, emulsifiers, and film forming additives in various food products. This allows food manufacturers to achieve desired textures, improve stability, and extend shelf life, all factors that are increasingly important to consumers and hence the growing popularity of convenient, processed foods creates a demand for ingredients that make these products possible. Starch derivatives are perfect for this purpose, allowing for consistent texture and quality in items like soups, sauces, beverages, and even bakery products propel the market growth.

Restraint:

Limited raw material availability and price fluctuation

When there is a scarcity of raw materials, such as corn or wheat, it can lead to higher production costs and reduced supply of starch derivatives. This, in turn, can result in increased prices for starch derivatives, making them less affordable for consumers and businesses. Price fluctuations add further uncertainty, making it difficult for market participants to plan and manage their operations effectively. These factors can hinder market growth, reduce profitability, and create instability in the starch derivatives industry.

Opportunity:

Growing population and disposable income

As the population expands, there is a higher demand for various consumer goods and food products, which often utilize starch derivatives as ingredients or additives. Additionally, rising disposable income enables consumers to afford a wider range of products, including those containing starch derivatives. This increased demand drives market growth and provides opportunities for manufacturers and suppliers in the starch derivatives industry. Moreover, higher disposable income allows for greater expenditure on processed and convenience foods, which often rely on starch derivatives for texture, stability, and other functional properties.

Threat:

Substitute products 

Alternatives such as modified cellulose, gums, and synthetic thickeners offer similar functionalities, potentially eroding market share. This competition intensifies amidst increasing consumer demand for clean label and natural ingredients. Manufacturers face pressure to innovate and differentiate their offerings to remain competitive. Moreover, substitutes may offer perceived advantages such as improved health benefits or sustainability credentials, further challenging the market.

Covid-19 Impact

Supply chain disruptions, labor shortages, and logistical challenges hampered production and distribution. Reduced consumer spending and shifts in consumption patterns, including a decline in foodservice demand, affected market dynamics. Moreover, economic uncertainties led to cautious spending and investment decisions, impacting market growth. However, increased demand for packaged and shelf-stable foods mitigated some losses. Remote work and lifestyle changes also influenced product preferences, driving innovation towards health-focused and convenience-oriented offerings.

The modified starch segment is expected to be the largest during the forecast period

The modified starch segment is estimated to have a lucrative growth, due to high demand across industries such as food and beverage, pharmaceuticals, textiles, and paper manufacturing. These include products such as modified corn starch, modified tapioca starch, and modified potato starch, each tailored to specific applications. Their ability to enhance product texture, stability, and shelf-life makes them valuable additives. This increased demand contributes to the growth of the starch derivatives market.

The stabilizing segment is expected to have the highest CAGR during the forecast period

The stabilizing segment is anticipated to witness the highest CAGR growth during the forecast period, as stabilizing agents help maintain the quality and integrity of starch-based products by preventing undesirable changes such as retrogradation, syneresis, and microbial spoilage. For example, in the food industry, stabilizers enable the production of a wide range of products including sauces, dressings, dairy products, baked goods, and confectionery items. This leads to enhanced product consistency, texture, and overall sensory appeal, driving consumer satisfaction and loyalty.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the growth in functional food products, clean label demand, and attaining cost reduction in the production process in Asian-Pacific countries, particularly China, India, and Bangladesh. The factor that has led to a rise in the number of food and beverage processing businesses using modified starch is the paradigm change in consumer preferences toward low-calorie food items. As a result, the market value of starch derivatives in the nation increased. Such reasons made it possible for ingredient makers to create goods that may help food businesses meet the expanding demand.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to region's expanding use of starch derivatives in the food and beverage industries is the main factor driving the market. Additionally, because they are imported from other nations, the price of starch derivatives is anticipated to increase. Parallel to the food industry's quick development, there is a rising demand for modified starches. Modified starches have a huge range of functional advantages for a wide range of foods, including baked goods, beverages, and snacks as well as nutritive foods.

Key players in the market

Some of the key players in the Starch Derivatives Market include Archer Daniels Midland Company, Avebe, Cargill Incorporated, Emsland Group, Grain Processing Corporation, Ingredion Incorporated, Manildra Group, Penford Corporation, Roquette Frères , SPAC Starch Products, Südzucker AG, Tate & Lyle PLC, Tereos S.A, Thai Flour Industry Co., Ltd, Universal Starch Chem Allied Ltd and Zhucheng Xingmao Corn Developing Co., Ltd.  

Key Developments:

In April 2024, Cargill and Nestlé Purina partner on regenerative agriculture adoption to reduce the carbon footprint of Purina dry pet food products. Investment in regenerative agriculture is estimated to reduce the carbon footprint of Purina’s U.S. grain supply from Cargill by up to 40 percent over the next three years

In April 2024, Cargill partners with Voyage Foods to scale up alternatives to cocoa-based products to meet consumers’ indulgence needs. The commercial partnership will also provide food manufacturers with neither nut spreads produced with no nut nor dairy allergens used in the recipe formulation 

In March 2024, ADM and Water.org Partner to Increase Global Access to Safe Water and Sanitation. ADM contributes $1 million to support Water.org programming in Latin America and Southeast Asia

Types Covered:
• Modified Starch
• Glucose Syrup
• Hydrolysates
• Maltodextrin
• Cyclodextrin
• Other Types
 
Sources Covered:
• Arrowroot
• Corn
• Rice
• Potato
• Tapioca
• Wheat
• Other Sources

Forms Covered:
• Dry
• Liquid

Functionalities Covered:
• Thickening
• Stabilizing
• Emulsifying
• Binding
• Other Functionalities

Applications Covered:
• Powdering Agent
• Lustering Agent
• Expanded Feed
• Dehumidification Agent
• Printing
• Glass Fiber
• Ceramic Fiber
• Cement Retardant
• Fish Culture Feed
• Other Applications

End Users Covered:
• Paper & Pulp Industry
• Food & Beverages
• Cosmetics & Personal Care
• Medicines & Pharmaceuticals
• Weaving & textiles
• Textile Industry
• Agricultural
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
           
2 Preface          
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Application Analysis       
 3.7 End User Analysis        
 3.8 Emerging Markets        
 3.9 Impact of Covid-19        
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Starch Derivatives Market, By Type      
 5.1 Introduction        
 5.2 Modified Starch        
 5.3 Glucose Syrup        
 5.4 Hydrolysates        
 5.5 Maltodextrin        
 5.6 Cyclodextrin        
 5.7 Other Types        
           
6 Global Starch Derivatives Market, By Source      
 6.1 Introduction        
 6.2 Arrowroot        
 6.3 Corn         
 6.4 Rice         
 6.5 Potato         
 6.6 Tapioca         
 6.7 Wheat         
 6.8 Other Sources        
           
7 Global Starch Derivatives Market, By Form      
 7.1 Introduction        
 7.2 Dry         
 7.3 Liquid         
           
8 Global Starch Derivatives Market, By Functionality      
 8.1 Introduction        
 8.2 Thickening        
 8.3 Stabilizing        
 8.4 Emulsifying        
 8.5 Binding         
 8.6 Other Functionalities       
           
9 Global Starch Derivatives Market, By Application      
 9.1 Introduction        
 9.2 Powdering Agent        
 9.3 Lustering Agent        
 9.4 Expanded Feed        
 9.5 Dehumidification Agent       
 9.6 Printing         
 9.7 Glass Fiber        
 9.8 Ceramic Fiber        
 9.9 Cement Retardant        
 9.10 Fish Culture Feed        
 9.11 Other Applications        
           
10 Global Starch Derivatives Market, By End User      
 10.1 Introduction        
 10.2 Paper & Pulp Industry       
 10.3 Food & Beverages        
 10.4 Cosmetics & Personal Care       
 10.5 Medicines & Pharmaceuticals       
 10.6 Weaving & textiles        
 10.7 Textile Industry        
 10.8 Agricultural        
 10.9 Other End Users        
           
11 Global Starch Derivatives Market, By Geography      
 11.1 Introduction        
 11.2 North America        
  11.2.1 US        
  11.2.2 Canada        
  11.2.3 Mexico        
 11.3 Europe         
  11.3.1 Germany        
  11.3.2 UK        
  11.3.3 Italy        
  11.3.4 France        
  11.3.5 Spain        
  11.3.6 Rest of Europe       
 11.4 Asia Pacific        
  11.4.1 Japan        
  11.4.2 China        
  11.4.3 India        
  11.4.4 Australia        
  11.4.5 New Zealand       
  11.4.6 South Korea       
  11.4.7 Rest of Asia Pacific       
 11.5 South America        
  11.5.1 Argentina       
  11.5.2 Brazil        
  11.5.3 Chile        
  11.5.4 Rest of South America      
 11.6 Middle East & Africa       
  11.6.1 Saudi Arabia       
  11.6.2 UAE        
  11.6.3 Qatar        
  11.6.4 South Africa       
  11.6.5 Rest of Middle East & Africa      
           
12 Key Developments         
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 12.2 Acquisitions & Mergers       
 12.3 New Product Launch       
 12.4 Expansions        
 12.5 Other Key Strategies       
           
13 Company Profiling         
 13.1 Archer Daniels Midland Company      
 13.2 Avebe         
 13.3 Cargill, Incorporated       
 13.4 Emsland Group        
 13.5 Grain Processing Corporation       
 13.6 Ingredion Incorporated       
 13.7 Manildra Group        
 13.8 Penford Corporation       
 13.9 Roquette Frères        
 13.10 SPAC Starch Products       
 13.11 Südzucker AG        
 13.12 Tate & Lyle PLC        
 13.13 Tereos S.A        
 13.14 Thai Flour Industry Co., Ltd       
 13.15 Universal Starch Chem Allied Ltd      
 13.16 Zhucheng Xingmao Corn Developing Co., Ltd.     
           
List of Tables          
1 Global Starch Derivatives Market Outlook, By Region (2021-2030) ($MN)    
2 Global Starch Derivatives Market Outlook, By Type (2021-2030) ($MN)    
3 Global Starch Derivatives Market Outlook, By Modified Starch (2021-2030) ($MN)   
4 Global Starch Derivatives Market Outlook, By Glucose Syrup (2021-2030) ($MN)   
5 Global Starch Derivatives Market Outlook, By Hydrolysates (2021-2030) ($MN)   
6 Global Starch Derivatives Market Outlook, By Maltodextrin (2021-2030) ($MN)   
7 Global Starch Derivatives Market Outlook, By Cyclodextrin (2021-2030) ($MN)   
8 Global Starch Derivatives Market Outlook, By Other Types (2021-2030) ($MN)   
9 Global Starch Derivatives Market Outlook, By Source (2021-2030) ($MN)    
10 Global Starch Derivatives Market Outlook, By Arrowroot (2021-2030) ($MN)   
11 Global Starch Derivatives Market Outlook, By Corn (2021-2030) ($MN)    
12 Global Starch Derivatives Market Outlook, By Rice (2021-2030) ($MN)    
13 Global Starch Derivatives Market Outlook, By Potato (2021-2030) ($MN)    
14 Global Starch Derivatives Market Outlook, By Tapioca (2021-2030) ($MN)    
15 Global Starch Derivatives Market Outlook, By Wheat (2021-2030) ($MN)    
16 Global Starch Derivatives Market Outlook, By Other Sources (2021-2030) ($MN)   
17 Global Starch Derivatives Market Outlook, By Form (2021-2030) ($MN)    
18 Global Starch Derivatives Market Outlook, By Dry (2021-2030) ($MN)    
19 Global Starch Derivatives Market Outlook, By Liquid (2021-2030) ($MN)    
20 Global Starch Derivatives Market Outlook, By Functionality (2021-2030) ($MN)   
21 Global Starch Derivatives Market Outlook, By Thickening (2021-2030) ($MN)   
22 Global Starch Derivatives Market Outlook, By Stabilizing (2021-2030) ($MN)   
23 Global Starch Derivatives Market Outlook, By Emulsifying (2021-2030) ($MN)   
24 Global Starch Derivatives Market Outlook, By Binding (2021-2030) ($MN)    
25 Global Starch Derivatives Market Outlook, By Other Functionalities (2021-2030) ($MN)  
26 Global Starch Derivatives Market Outlook, By Application (2021-2030) ($MN)   
27 Global Starch Derivatives Market Outlook, By Powdering Agent (2021-2030) ($MN)   
28 Global Starch Derivatives Market Outlook, By Lustering Agent (2021-2030) ($MN)   
29 Global Starch Derivatives Market Outlook, By Expanded Feed (2021-2030) ($MN)   
30 Global Starch Derivatives Market Outlook, By Dehumidification Agent (2021-2030) ($MN)  
31 Global Starch Derivatives Market Outlook, By Printing (2021-2030) ($MN)   
32 Global Starch Derivatives Market Outlook, By Glass Fiber (2021-2030) ($MN)   
33 Global Starch Derivatives Market Outlook, By Ceramic Fiber (2021-2030) ($MN)   
34 Global Starch Derivatives Market Outlook, By Cement Retardant (2021-2030) ($MN)  
35 Global Starch Derivatives Market Outlook, By Fish Culture Feed (2021-2030) ($MN)   
36 Global Starch Derivatives Market Outlook, By Other Applications (2021-2030) ($MN)  
37 Global Starch Derivatives Market Outlook, By End User (2021-2030) ($MN)   
38 Global Starch Derivatives Market Outlook, By Paper & Pulp Industry (2021-2030) ($MN)  
39 Global Starch Derivatives Market Outlook, By Food & Beverages (2021-2030) ($MN)   
40 Global Starch Derivatives Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)  
41 Global Starch Derivatives Market Outlook, By Medicines & Pharmaceuticals (2021-2030) ($MN) 
42 Global Starch Derivatives Market Outlook, By Weaving & textiles (2021-2030) ($MN)  
43 Global Starch Derivatives Market Outlook, By Textile Industry (2021-2030) ($MN)   
44 Global Starch Derivatives Market Outlook, By Agricultural (2021-2030) ($MN)   
45 Global Starch Derivatives Market Outlook, By Other End Users (2021-2030) ($MN)   
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials