Starch Derivatives Market

Global Starch Derivatives Market:

The global starch derivatives market size reached US$ 55.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 92.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.59% during 2024-2032. The rising product utilization in the F&B industry, the introduction of enzymatic methods, and the growing demand for producing biodegradable packaging represent some of the key starch derivatives market growth factors.

Starch Derivatives Market Analysis:

• Major Market Drivers: The growing demand for convenience and fast-food products due to the changing dietary preferences of consumers is augmenting the market. Additionally, the extensive application in the manufacturing of several personal care items, such as creams, shampoos, diapers, lotions, sanitary pads, etc., is also propelling the market.
• Key Market Trends: The widespread adoption of this product in the pharmaceutical industry as an excipient and drug delivery system to improve the binding, solubility, stability, bioavailability, and controlled release properties of capsules, tablets, and other formulations is providing an impetus to the market's growth. In addition, the inflating need for clean labels and natural ingredients, extensive R&D activities, and the rising health consciousness among the masses are anticipated to drive the market in the coming years.
• Competitive Landscape: Some of the prominent companies in the market include Agrana Group (AGRANA Zucker Stärke und Frucht Holding AG), Archer Daniels Midland Company, Cargill Incorporated, Foodchem International Corporation, Grain Processing Corporation (Kent Corporation), Ingredion Incorporated, JP & SB International, Matsutani Chemical Industry Co., Ltd., Roquette Frères, ShreeGluco Biotech Private Ltd., Tate & Lyle PLC, and Tereos S.A, among many others.
• Geographical Trends: Asia Pacific exhibits a clear dominance in the market, owing to the expanding industrial base in countries like China, India, and Japan, which is bolstering the demand for starch derivatives in manufacturing processes and product formulations.
• Challenges and Opportunities: Fluctuations in the prices of raw materials, regulatory compliances, and competition from substitutes are some of the challenges that the market is facing. However, the rising consumer awareness about health and wellness is driving demand for functional ingredients like starch derivatives that offer nutritional benefits and improve product texture and stability without compromising taste or quality.
   

Starch Derivatives Market Trends:

Rising Demand for Plant-Based Products

The rising demand for vegan products is significantly driving the growth of the market. There is a growing consumer preference for plant-based and vegan products due to perceived health benefits, ethical considerations, and environmental sustainability. For instance, a DuPont Nutrition & Health study of 1,000 U.S. consumers found that 52% are eating more plant-based foods. On a global basis, the study discovered that 65% of customers are choosing plant-based solutions. Moreover, the increasing adoption of vegan and vegetarian diets worldwide is boosting the demand for plant-based alternatives across food and beverage categories. For example, according to an article published by Food Revolution in Canada, in 2021, the number of vegetarians has increased by 250%. According to 2020 data, there were more than 2.3 million vegetarians and 850,000 vegans. Starch derivatives serve as key ingredients in formulating plant-based alternatives to dairy, meat, and other animal-derived products. The increasing health benefits associated with a vegan diet are also driving the demand for starch derivatives. For instance, in a 2021 survey published by the Vegan Society, 56% of vegans reported that their digestion had improved since following a vegan diet. 55% thought their sleep had improved, while 53% felt they had more vitality. Furthermore, 52% stated they could walk or run faster or farther, 34% said they had less recuperation time between training sessions, and 31% said they could lift heavier weights. These factors are driving the starch derivatives industry.

Growing Pharmaceutical Industry

The growing pharmaceutical industry is contributing to the growth of the market, primarily due to their versatile applications in pharmaceutical formulations. Starch derivatives, such as modified starches and pregelatinized starches, are commonly used as binders and disintegrants in tablet formulations. They help maintain tablet integrity, facilitate drug release, and improve patient compliance by ensuring consistent dosage. For instance, according to an article published by Bluecraft Agro, the pharmaceutical business uses modified starch as a main raw material because of its ability to bind, disintegrate, and lubricate. Besides this, thin film coatings made from starch derivatives are applied to tablets to improve appearance, taste masking, and drug release profiles. These coatings can also provide moisture protection and enhance stability during storage and transportation. For example, according to an article published by Pharma Manual, starch derivatives, such as methylcellulose, serve as film formers. They help the coating adhere uniformly to the tablet's surface. Apart from this, various manufacturers are utilizing starch for the development of capsules. For instance, Roquetee, a plant-based ingredients provider and pharmaceutical and nutraceutical excipients, launched its innovative Lycagel Flex hydroxypropyl pea starch premix for softgel capsules.

Innovations in Food Processing

Starch derivatives examples, such as modified starches and gums derived from starch, are used to improve the texture and mouthfeel of processed foods. They contribute to creamy textures in dairy-free products, smoothness in sauces and yogurt, and crispiness in baked goods and snacks. For instance, in April 2022, MISTA, a San Francisco-based innovation platform, introduced a high-performance plant-based yogurt foundation as its first member-created product. The yogurt base was developed collaboratively by AAK, Chr. Hansen, Givaudan, and Ingredion, Inc. Chr. Hansen's texturizing cultures improve protein and starch performance, resulting in an attractive mouthfeel. At the same time, AAK's functional fat combination gives the yogurt a dairy-like flavor. Furthermore, manufacturers are investing in clean-label solutions in response to the growing global demand for clean-label food goods. For instance, in March 2020, Tate & Lyle expanded its Claria clean-label starch brand and introduced Claria Everlast. The starch is intended to address formulation issues associated with refrigeration and freeze-thaw stability in categories such as frozen meals, sauces, and yogurts. The ingredient is non-GMO, with a fresh flavor and a neutral hue. These factors are propelling the market demand.

Global Starch Derivatives Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global starch derivatives market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on product and application.

Breakup by Product:

• Maltodextrin
• Glucose Syrup
• Cyclodextrin
• Hydrolysates
• Modified Starch
• Others
   

Glucose Syrup represented the largest segment

The report has provided a detailed breakup and analysis of the starch derivatives market based on the product. This includes maltodextrin, glucose syrup, cyclodextrin, hydrolysates, modified starch, and others. According to the report, glucose syrup represented the largest market segmentation.

Starch is a polysaccharide that is abundantly found in plants like maize (corn), wheat, tapioca, and potatoes. These sources are processed to extract starch, which serves as the raw material for glucose syrup production. Glucose syrup is widely used as a sweetener in food and beverage products, including soft drinks, candies, baked goods, and processed foods. Its ability to enhance flavors, improve texture, and prevent crystallization makes it a preferred choice in food formulation. Moreover, in confectionery production, glucose syrup acts as a bulking agent as well as texture modifier, and provides a smooth mouthfeel in chocolates, caramels, and other sweets.

Breakup by Application:

• Food and Beverages
• Cosmetics
• Paper
• Pharmaceuticals
• Feed
• Others
   

Food and beverages accounted for the largest market share

The report has provided a detailed breakup and analysis of the starch derivatives market based on the application. This includes food and beverages, cosmetics, paper, pharmaceuticals, feed, and others. According to the report, food and beverages represented the largest market segmentation.

According to the starch derivatives market analysis, modified starches, dextrins, and maltodextrins are used to improve texture, viscosity, and mouthfeel in food products. They help achieve the desired thickness in sauces, gravies, and soups and provide a smooth, creamy texture in dairy products and desserts. For instance, in March 2024, Ingredion, a global leader in specialty ingredient solutions for the food and beverage manufacturing industry and a pioneer in clean label ingredients, launched NOVATION Indulge 2940 starch, the first non-GMO functional native corn starch that provides a unique texture for gelling and co-texturizing popular dairy and alternative dairy products and desserts. Moreover, starch derivatives act as stabilizers and emulsifiers, preventing ingredient separation and improving product consistency. They are commonly used in salad dressings, mayonnaise, and sauces to enhance stability and shelf life.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Asia Pacific accounts for the largest market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for starch derivatives.

According to the starch derivatives market overview, some of the factors driving the Asia Pacific starch derivatives market included significant growth in the F&B industry, the increasing demand for natural ingredients, and various product innovations. For instance, according to an article published by the India Brand Equity Foundation, the food processing sector in India has performed exceptionally well, with an impressive average annual growth rate of 7.3% from 2015 to 2022. Starch derivatives serve as vital functional ingredients in the food and beverage sector, enhancing texture, stability, and processing characteristics. They are used extensively in products such as bakery goods, dairy products, snacks, and sauces. Moreover, the increasing consumer demand for convenience foods, processed snacks, and functional beverages drives the use of starch derivatives to improve product quality and appeal.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global starch derivatives market. Detailed profiles of all major companies have been provided. Some of the companies covered include:

• Agrana Group (AGRANA Zucker Stärke und Frucht Holding AG)
• Archer Daniels Midland Company
• Cargill Incorporated
• Foodchem International Corporation
• Grain Processing Corporation (Kent Corporation)
• Ingredion Incorporated
• JP & SB International
• Matsutani Chemical Industry Co., Ltd.
• Roquette Frères
• ShreeGluco Biotech Private Ltd.
• Tate & Lyle PLC
• Tereos S.A.
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Starch Derivatives Market Recent Developments:

• June 2024: Omnia Europe SA strategically invested in diversifying its product and solution portfolio in response to changing market demands for plant-based, nutritional, healthier, and cost-effective solutions that are safe, responsible, and sustainable.
• April 2024: Roquette, a global supplier of plant-based ingredients, launched a new flexible addition to its LYCAGEL hydroxypropyl pea starch excipient portfolio at Vitafoods Europe 2024, as well as a new concept for manufacturing vegetarian and vegan dietary supplements in softgels.
• April 2024: Ben & Anna introduced the world-first poly potato deodorant cream, with the packaging made from potato starch.

Starch Derivatives Market Report Scope:

Key Questions Answered in This Report:

• How has the global starch derivatives market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global starch derivatives market?
• What is the impact of each driver, restraint, and opportunity on the global starch derivatives market?
• What are the key regional markets?
• Which countries represent the most attractive starch derivatives market?
• What is the breakup of the market based on the product?
• Which is the most attractive product in the starch derivatives market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the starch derivatives market?
• What is the competitive structure of the global starch derivatives market?
• Who are the key players/companies in the global starch derivatives market?

Key Benefits for Stakeholders:

• IMARC's report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the starch derivatives market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global starch derivatives market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the starch derivatives industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.