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Hydrolyzed starch is mainly used as a sweetener. Artificial sweeteners, such as hydrolyzed starch, are gaining popularity due to growing consumer demand for low-calorie foods.
The overall demand for hydrolyzed starch is expected to increase in the coming years.
Growing consumer demand for low calorie foods to drive market growth
Hydrolyzed starch has become an essential ingredient in foods and beverages, primarily because of its nutritional, sensory and functional properties. In recent years, the production and application of hydrolyzed starch has increased rapidly. The food industry is increasingly replacing sugar with hydrolyzed starch-based sweeteners. High demand in the confectionery industry is expected to act as a key driver for the market. Approval from regulatory agencies such as FDA and EFSA for the use of hydrolyzed starch as a food ingredient has significantly boosted the market. Food service companies are leaning towards hydrolyzed starch-based sweeteners to meet consumer demand for low-calorie foods.
Key Players in Global Hydrolyzed Starch Market:
Key players operating in the global hydrolyzed starch market are Lyckeby, Cargill Inc., BASF, DowDuPont, Lanxess Aktiengesellschaft, Mitsui Chemicals, Shell International, Covestro, Stepan Company, Sweetener Products Company, SPI Polyols, Inc., Roquette America Inc. . ., Tereos Starch & Sweeteners, Archer Daniels Midland, Tongaat Hulett Starch and Ingredion et al.
Key Advances in Hydrolyzed Starch Global Market:
The hydrolyzed starch market is expected to grow significantly in the coming years. The expanding food industry will drive the overall growth of the market. Several product launches have been witnessed in the past decade. For example, in November 2016, Ingredion, an Illinois-based ingredient supplier, launched SWEETIS using hydrolyzed starch as its primary sugar alcohol. SWEETIS offers a sugar-like taste with fewer calories. Likewise, new sweetener products have been launched across Asia Pacific in recent years.
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Opportunities for hydrolyzed starch participants:
The pharmaceutical segment is expected to register a healthy CAGR in the market. Hydrolyzed starch is used as a body agent in numerous pharmaceutical applications such as tablets and syrups. Suppliers can capitalize on the production of hydrolyzed starch-based products for use in pharmaceutical applications.
In the United States, hydrolyzed starch is recognized as GRAS (Generally Recognized as Safe) by the Food and Drug Administration (FDA). Therefore, there is an opportunity for suppliers who want to enter the market.
In Europe, about half of food service companies offer processed foods using wheat-based hydrolyzed starches, such as maltodextrin and glucose syrup. Demand for wheat-based hydrolyzed starch in Europe remains strong and the same trend is expected throughout the forecast period.
A brief approach to research:
A modeling-based approach and triangulation methodology will be followed to estimate the data covered in this report. Following a detailed market understanding and evaluation of the applications, types, forms, and end uses of the product segments covered in the study, a demand-side approach is taken to estimate and cross-reference revenues for the target product segments. With a supply-side valuation of the value generated over a predefined time period. Statistics and data are gathered at the regional level, and aggregated and synthesized globally to estimate overall market size.
The Naturally Hydrolyzed Starch Market is segmented into:
- essential
- traditional
By Function, the Hydrolyzed Starch Market is segmented into:
- sweetening
- moisturizer
- texturizing
On the basis of end use, the hydrolyzed starch market is segmented into:
- bakery
- confectionery
- dairy
- Jam and Spread
- drink
- medicine
- Other
By Source, the Hydrolyzed Starch Market is segmented into:
- rice
- wheat
- potato
- Other
On the basis of form, the hydrolyzed starch market is segmented into:
- powder
- coarse particles
- granules
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Key data points covered in the report:
- Overview of the global Hydrolyzed Starch Market including background and development.
- Macroeconomic factors influencing the hydrolyzed starch market and its potential.
- Market dynamics such as drivers, challenges and trends.
- Detailed value chain analysis of Hydrolyzed Starch Market.
- Cost structure of hydrolyzed starches and segments covered in the study.
- In-depth price analysis by important Hydrolyzed Starch segments, regions, and major market players.
- Demand and supply analysis such as top production and consumption regions, imports/exports, and overall trade scenarios.
- Market structure analysis including hierarchical classification of key market players.
- Competitive landscape of the market including detailed profiles of the top players in this market.