Grand View Research, Inc., a U.S. based market research and consulting company announces a report addressing the global starch derivatives market: "Starch Derivatives Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020"
Increasing natural sweeteners demand in food processing and beverages industries is expected to drive global starch derivatives market over the forecast period. Surging consumption of natural sweeteners in energy drinks and non-carbonated soft drinks is anticipated to fuel starch derivatives demand over the next six years. Benefits associated with starch such as cost effectiveness and non-recrystallization properties make the appearance of beverages tempting to customers. This is expected to augment starch derivatives demand in near future.
Starch derivatives have become major component for paper, bio-fuels and glue manufacturing, which is anticipated to propel starch derivatives market over the next six years.
Growing preference towards natural ingredients in cosmetics, fermentation, pharmaceutical, textile weaving and finishing industries is further expected to augment starch derivatives demand in foreseeable future.
Increasing application scope in food & beverages industries owing to intrinsic properties of starch derivatives such as film-forming properties, flocculation, adhesiveness, acidic stability, pH stability, process tolerance and increase of shear stability is expected to drive market penetration in this segment over the forecast period.
On the basis of products, the market has been segmented into modified starch, hydrolysates, cyclodextrin, maltodextrin and glucose syrup.
Maltodextrin was the major product segment in 2013 and is anticipated to grow rapidly in near future on account of increasing use in food & beverage industry.
On the basis of application, starch derivative market has been segmented into food & beverage, feed, paper-making, cosmetics, pharmaceuticals and bio-ethanol & other industrial applications.
Food & beverage accounted for the lion’s share in 2013 owing to increasing natural sweetener demand in the industry. Pharmaceutical application of starch derivatives is expected to witness significant growth over the foreseeable future on account of growing awareness and increasing R&D spending towards product development in the industry.
Threats and Opportunities
Lack of customized products coupled with availability of alternative products such as gum is expected to restrain starch derivatives market growth over the forecast period. Shortage of raw materials for industrial purposes owing to increasing consumption of starch in food & beverages may also hinder market expansion.
Product development coupled with technological advancements in the industry is expected to create immense opportunities for the market participants in near future.
Asia-Pacific dominated the global starch derivative market in 2013 expected to witness rapid growth over the next six years owing to expanding food & beverage and pharmaceutical industry particularly in emerging economies such as India and China.
North American and European starch derivatives market are expected to grow at an average rate in near future owing to saturation in end-use markets.
Future demand is expected to come China, Brazil, South Africa and Argentina.
Major players in global starch derivatives market include Tate and Lyle, Roquette Freres, Cargill, Archer Daniels Midland, Lipoid, Grain Processing, Penford, Beneo, Lasenor, Emul, Agrana, Ingredion Inc., Avebe U.A., Stern-wywiol Gruppe, Emsland-Starke.