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08.12.2021 16:05

Global Starch Derivatives Market to Reach $61.9 Billion by 2026

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SAN FRANCISCO, Dec. 8, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Starch Derivatives - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Global Starch Derivatives Market

FACTS AT A GLANCE
Edition: 7; Released: November 2021
Executive Pool: 796
Companies: 70 - Players covered include BENEO GmbH; Cargill, Inc.; Emsland Group; Graham Packaging Company; Ingredion, Inc.; Roquette; Tate & Lyle PLC and Others.
Coverage: All major geographies and key segments
Segments: Type (Glucose Syrup, Modified Starch, Hydrolysates, Maltodextrin, Cyclodextrin); Application (Food & Beverage, Paper, Pharmaceutical, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

ABSTRACT-

Global Starch Derivatives Market to Reach US$61.9 Billion by the Year 2026
Starch derivatives are formed by the chemical processing of raw starch containing various functional and hydroxyl groups. Growth in the global market is being fueled by increasing use of starch and its derivatives in diverse application sectors. The tightening regulations is further encouraging natural ingredients to be used by food and drinks, fermentation, textiles, cosmetics, pharmaceuticals, and other end-user industries. At the same time, the paper and packaging sector is using starch-based adhesives in greater volumes, which is indirectly propelling demand for starch derivatives. Likewise, the trend for biodegradable and bio-based adhesives, and the associated need for tighter regulations for low-emission adhesives, would also be propelling growth of the market. Another key factor is the growing consumer liking for convenience and ready-to-eat food and drinks, a global trend, that is contributing to growth in demand for starch derivatives. Rapid growth of the food processing industry and increasing demand for starch-based adhesives in industrial products including packaging are driving growth in the starch market. Further, the growing consumer preference for energy and non-carbonated drinks, is also benefiting the starch derivatives market, as these drinks contain natural sweeteners, which again have starch derivatives are their key component. The market is also benefiting from strong increases in use of starch derivatives in textile weaving and finishing applications, and in glue and biofuels production.

Amid the COVID-19 crisis, the global market for Starch Derivatives estimated at US$48.4 Billion in the year 2020, is projected to reach a revised size of US$61.9 Billion by 2026, growing at a CAGR of 4.2% over the analysis period. Glucose Syrup, one of the segments analyzed in the report, is projected to grow at a 4.4% CAGR to reach US$38.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Modified Starch segment is readjusted to a revised 3.3% CAGR for the next 7-year period. This segment currently accounts for a 19.7% share of the global Starch Derivatives market. Glucose syrup is commonly used in a large number of confectionary items as doctoring agent owing to its ability to prevent crystallization. Liquid glucose syrup finds extensive used in the bakery products industry owing to its ability to add sweetness and bulk. Modified starch segment is highly influenced by changing trends and needs of consumer food market. Modified starches are already being used in several food, bio-fuel, bio-plastic and industrial applications.

The U.S. Market is Estimated at $11.4 Billion in 2021, While China is Forecast to Reach $17.4 Billion by 2026
The Starch Derivatives market in the U.S. is estimated at US$11.4 Billion in the year 2021. The country currently accounts for a 22.8% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$17.4 Billion in the year 2026 trailing a CAGR of 4.9% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 3.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR while Rest of European market (as defined in the study) will reach US$2.1 Billion by the end of the analysis period. Demand for starch in Asia-Pacific countries stems from both non-food and food sectors. Strong economic growth, increasing employment opportunities and rising per-capita disposable incomes, particularly in China and India, are contributing to the robust growth in demand for food and non-food ingredients including starch.

Hydrolysates Segment to Reach $6.8 Billion by 2026
In the global Hydrolysates segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.8 Billion in the year 2020 will reach a projected size of US$5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2026, while Latin America will expand at a 4.2% CAGR through the analysis period. More

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About Global Industry Analysts, Inc. & StrategyR
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.

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