Global Starch Derivatives Market Trends And Strategies Of Major Players In The Starch Derivatives Market 2021-2030
3 Jun, 2021
The starch derivatives market consists of sales of starch derivatives by entities (organizations, sole traders and partnerships) that manufacture starch derivatives. A starch derivative is defined as modified starch, prepared by chemically processing inhabitant starch to alter its qualities. It is used for flocculation, adhesion, acid stability, process tolerance advancement, pH stability enhancement and shear stability in various industries.
Global Starch Derivatives Market Size And Drivers:
The global starch derivatives market is expected to grow from $52.13 billion in 2020 to $55.78 billion in 2021 at a compound annual growth rate (CAGR) of 6.99%. The growth in the forecast period can be attributed to growing demand for processed food. The starch derivatives market is expected to reach $64.12 billion in 2025 at a CAGR of 3.55%. The growing demand for convenience and processed food is expected to fuel the growth of the starch derivatives market in the forecast period.
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Trends In The Global Starch Derivatives Market
Technological advancements in the starch derivatives market are shaping the industry by increasing the shelf life of the product. With the development of latest technologies and advanced experiments in the food and beverage industry the integration of starch derivatives across different sectors is expanding. For example, in March 2020, Tate & Lyle, a UK-based provider of food and beverage ingredients and solutions, announced the addition of CLARIA Clean Label Starches to its line with the launch of Claria Everlast. It is an innovative clean label starch that produces superior shelf stability which helps maintain food quality, particularly under severe storage temperatures.
Global Starch Derivatives Market Segments:
The global starch derivatives market is further segmented based on type, raw material, form, application, end user and geography.
1) By Type: Glucose Syrup, Modified Starch, Maltodextrin, Hydrolysates, Cyclodextrin
By Raw Material: Corn, Cassava, Potato, Wheat
By Form: Dry, Liquid
By Application: Binder, Thickener And Stabilizer, Sweetener, Lustering Agent, Powdering Agent, Fish Culture Feed, Expanded Feed, Caking Agent, Dehumidification Agent, Others.
By End-User Industry: Food And Beverage, Medical Industry, Chemical Industry, Personal Care And Hygiene Industry, Paper And Pulp Industry, Others
By Geography: The global starch derivatives market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the starch derivatives market in 2020.
Read More On The Report For The Global Starch Derivatives Market At:https://www.thebusinessresearchcompany.com/report/starch-derivatives-global-market-report
Starch Derivatives Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides starch derivatives market overviews, analyzes and forecasts market size and growth for the global starch derivatives market, starch derivatives market share, starch derivatives market players, starch derivatives market segments and geographies, starch derivatives market’s leading competitors’ revenues, profiles and market shares. The starch derivatives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.