The global starch derivatives market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific emerged as the leading region, capturing the largest market share in 2023.
NEWARK, DE / ACCESSWIRE / August 19, 2024 / According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of starch derivatives are estimated to reach a value of USD 24.6 billion and USD 36.8 billion by 2034, surging at a 4.1% CAGR through the decade.
Bakery industry seeking significant growth potential as it is emerging as a leading market. Baked goods such as breads, cakes, biscuits, pastries, and breakfast items are in high demand. The increasing per capita consumption of bakery products is a clear indicator of this trend.
Emerging markets like India and China present a great opportunity for the bakery industry as consumers are becoming more inclined towards packaged goods, influenced by Western culture, changing lifestyles, and the growing demand for flavorful and convenient food products.
Starch derivative manufacturers are focusing on working with bakery companies to expand their market share by offering a wide range of clean-label starches as an egg replacement in a variety of baked goods, including sponge cakes, pound cakes, donuts, muffins and more, to enhance product quality and shelf life.
Additionally, the increasing adoption of mobile phones and social media platforms enables consumers to access information regarding various products and share information regarding the benefits of these products. The wide availability of food products in hypermarkets/supermarkets as well as online retail stores is fueling the sales of natural and environmentally friendly and clean label food products in the global market, especially in China, Australia, India, and New Zealand.
A new market study published by Future Market Insights, Inc., (FMI) 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
Discover Detailed Findings in the Complete Report! https://www.futuremarketinsights.com/reports/starch-derivatives-market
Key Takeaways from the Market Study
The Starch Derivative sales shall reach nearly USD 24.6 Billion by 2024.
The North American Starch Derivative Sales has a share of around 33.4% in 2024.
The demand for Starch Derivative is anticipated to grow at a 4.1% CAGR between 2024 and 2034.
Clean Label Movement, Functional and Nutritional Enhancement, Sustainability Initiatives, Technological Innovations, Diversification of Applications, are among the most well-known trends.
"The starch derivative market shows robust growth with a clear shift towards sustainable sourcing and enhanced functionality. Technological advancements are driving innovation, meeting diverse industry demands from food to pharmaceuticals. This dynamic landscape underscores opportunities for stakeholders to capitalize on evolving consumer trends and regulatory standards". Says Nandini Roy Choudhury, Client Partner at Future Market Insights.
Competitive Landscape
Key players operating in the global starch derivative market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.
Some of the leading companies offering are Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle, Roquette Frères, Cargill Incorporated, Fooding Company Limited, Foodchem International Corporation, Tereos SA, Molinos Juan Semino SA, Grain Processing Corporation, Global Sweeteners Holdings Ltd., AGRANA, JP & SB International, Varun Industries (India), Gujarat Ambuja Export, ShreeGluco Biotech Private Ltd. And Matsutani Chemical Industry Co., Ltd. and others are the major players in the market.
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Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the Starch Derivatives presenting historical demand data (2019-2023) and forecast statistics for the period from 2024 to 2034.
The study divulges compelling insights on the starch derivatives market by product type (Modified, Native), by source (Maize/corn, Wheat, Potato, Tapioca, and Rice), by end-use (Food & Beverage (Breads and bakery products, Nutrition bars, Biscuits and cookies, Breakfast cereals, Pasta and noodles, Sheeted baked snacks and crackers, Extruded snacks, Soups and ready meal, components, Thickened beverages, Meat Substitutes/ Meat Analogues/ Meat Extenders) Dietary Supplements and Animal Nutrition) across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
Key Segments of the Report
By Product Type:
Starch Derivative industry is segmented as Modified, Native
By Source:
As per source, the industry has been categorized Maize / corn, Wheat, Potato, Tapioca, and Rice
By End Use:
End use further includes Food & Beverage (Breads and bakery products, Nutrition bars, Biscuits and cookies, Breakfast cereals, Pasta and noodles, Sheeted baked snacks and crackers, Extruded snacks, Soups and ready meal, components, Thickened beverages, Meat Substitutes/ Meat Analogues/ Meat Extenders) Dietary Supplements and Animal Nutrition
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa
Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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The global modified starch market size is anticipated to be worth USD 21,806.2 million by 2034. According to the estimates, the market is projected to clock a 4.7% CAGR until 2034.
The rising demand for plant-based ingredients and clean-label products is driving significant growth in the pea starch market, as it offers a versatile, sustainable alternative to traditional starches.
The global resistant starch sector is estimated to be worth USD 11.9 billion in 2024 and is projected to reach a value of USD 19.7 billion by 2034, expanding at a CAGR of 6.6% over the assessment period of 2024 to 2034.
The growing demand for arrowroot starch is driven by its natural thickening properties, gluten-free appeal, and increasing use in health-conscious food products and alternative medicine applications.
The global food starch market size is expected to reach a valuation of USD 20.92 billion in 2023. It is set to accelerate at a CAGR of 3% from 2023 to 2032. The global market is anticipated to reach a valuation of USD 28.83 billion by 2033.
The Global Native Starch sales are valued at USD 1,700.1 million by 2024 and is projected to reach a value of USD 2,800.0 million by 2034.
Cold Water Swelling Starch refers to a type of starch that is pre-gelatinized and capable of dispersing and swelling in cold water, forming a viscous solution or gel without the need for heat.
Starch recovery systems are technologies and processes used in industries, particularly in food processing, to reclaim starch from wastewater or by-products.
The Global Film Forming Starches market is expected to reach a market valuation of USD 976 million by 2023, recording a CAGR of 6.1% from 2023 to 2033.
The global demand for molding starch is expected to increase at a CAGR of 5% between 2023 and 2033. The molding starch market size is predicted to grow 1.7X to surpass USD 901 million by 2033, up from USD 493.0 million in 2023.
About Future Market Insights (FMI)
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