Market overview
The global starch derivatives market is expected to register a CAGR of 9.70% from 2022 to 2030. The market was worth USD 67.8 billion (US) in 2030.
Starch derivatives come from starchy root vegetables. Good examples are the potato and cassava. Many food processing companies use them to thicken various types of foods (like gravies) during the manufacturing process.
Starch derivatives are also excellent emulsifiers and stabilizers for various food products. Many food products wouldn’t taste, look, or digest well if they didn’t have these derivatives added to them. Therefore, they would not be marketable.
COVID-19 turned the world upside down. It forced global quarantines and lockdowns and led to new social distancing and remote working concepts. Many manufacturing industries were hit hard by COVID-19 and the fallout. The food manufacturing industry was one of these. Food manufacturers found starch derivatives harder to find. Their manufacturing costs went up, and they were forced to pass these costs onto consumers in the form of higher prices.
People want to have their cake and eat it, too, because they want to eat delicious foods that last longer and are healthier for them. Food processors need to use starch derivatives to produce these food products. It is the primary growth driver in the global Starch Derivatives Market Report.
Other critical driving factors are the growing global demand for ready-to-eat meals and lower-calorie, lower-fat foods.
Food manufacturers are expanding their horizons in their quest to find more starch derivatives to meet the growing demand for these products. For example, they are processing the cassava root and tubers. These may belong to the starch family, but they are different species of root vegetables. Therefore, they will have different properties.
It allows food manufacturers to process a broader range of foods to have better taste, appearance, and nutritional value. Some of these uses extend beyond food products. For example, glucose, extracted from starchy root vegetables, has good uses when making bio-plastics.
However, extracting the starch is difficult; it’s an expensive process. Since natural starch derivatives are hard to find, many food manufacturers have been compensating by making starch derivatives.
Starch derivative prices have been skyrocketing recently. Food manufacturers have the unenviable task of keeping manufacturing costs low to keep food prices stable for the end consumer.
Segment overview
The global Starch Derivatives Market Research can be separated into North America, the European Union, Asia-Pacific, and the rest of the world.
The global Starch Derivatives Market Report can be separated into maltodextrin, cyclodextrin, glucose syrup, hydroxylates, and others.
The global food derivatives market can be separated into food and beverages, personal care, animal care, pharmaceutical and nutraceuticals, and others.
The food and beverages sub-segment currently has the largest market share in the application segment. It can be separated further into baked goods and confectionaries, soups, sauces, dressings, dairy products, drinks, etc.
The global food derivatives market can be separated into stabilizing, emulsifying, thickening, binding, and others by function.
Corn can be processed into corn starch, a critical ingredient in making soups and sauces. Therefore, it has the largest market share in the function segment.
Regional analysis
The Asia-Pacific region currently has the largest regional market share. This trend is expected to continue for the forecast period. The middle classes in India, China, and other Asian nations are exploding. They want to buy food that tastes better and is more nutritious as they get richer.
Wealthier Asians also want to use cosmetics more often. Starch derivatives are needed to make many types of cosmetics. Wealthier Asians also want to buy more readymade food items. It is another reason why market share in the Asia-Pacific region is high.
The North American region comes in second place in market share since it’s easy to grow corn in America -especially in the Midwest. Microencapsulation processes have improved dramatically and are continuing to improve. It is another key growth driver in Asia-Pacific and the North American regions.
Key Players:
Key Starch Derivatives Market Players are Archer Daniels Midland Company (US) Agrana Group (Austria), Avebe U.A. (The Netherlands), Beneo GmbH (Germany), Cargill Incorporated (US), Emsland-Stärke GmbH (Germany), Grain Processing Corporation (US), Ingredion Incorporated (US), Roquette Frères (France), Tate Lyle PLC (UK) among others
Industry news
Nestle recently launched a low-fat Greek yogurt brand. Hain Celestial has recently marketed a healthier kefir brand.
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