The global hydrolyzed starch market demand, valued at USD 12.4 billion in 2022, is on a strong growth trajectory, projected to reach USD 21.8 billion by 2032. With a compound annual growth rate (CAGR) of 5.7% from 2022 to 2032, the market is set to experience significant expansion, driven by its wide application across various industries including food and beverages, pharmaceuticals, and more.
Hydrolyzed starch, a sugar alcohol derived from starch sources such as cornstarch, rice, wheat, and potatoes, is gaining traction due to its multifunctional properties. It serves as a crucial ingredient in numerous food products, enhancing texture, bulk, and moisture retention. The versatility of hydrolyzed starch makes it an attractive component for low-calorie foods, sugar-free candies, chewing gum, ice cream, baked goods, jams, and spreads.
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The increasing consumer preference for low-calorie and sugar-free products has significantly boosted the demand for hydrolyzed starch. Its role as a sweetener and moisture retainer is particularly valued in the food industry, where artificial sweeteners are becoming more prevalent. The regulatory approval of hydrolyzed starch by bodies such as the FDA and EFSA has further supported its adoption in various applications, contributing to market growth.
Regional Insights
The Asia-Pacific region is emerging as a key growth area for the hydrolyzed starch market. With large populations in India and China, there is a growing demand for food and beverage products. The region’s cost-effective labor and raw materials make it an attractive hub for pharmaceutical manufacturing. India’s favorable regulatory environment, including 100% foreign direct investment (FDI) in food processing, is expected to spur significant investments and further drive market growth. The Confederation of Indian Industry (CII) projects substantial investment in the Indian food processing sector, which will positively impact the hydrolyzed starch market.
In Europe, the hydrolyzed starch market is projected to grow at a CAGR of 4.1%. The demand for hydrolyzed starches, particularly in bakery and confectionery products, is driving this growth. Europe has a strong preference for wheat-based hydrolyzed starch products such as maltodextrins and glucose syrup, which are widely used in processed foods. The robust foodservice sector and high consumption of processed foods continue to support the market’s expansion in this region.
The North American market is expected to see steady growth, driven by the increasing popularity of hydrolyzed starch-based health supplements and low-calorie foods. The region’s advanced food processing industry and significant consumer focus on health and wellness contribute to the growing demand for hydrolyzed starch.
Market Competition and Key Players
The hydrolyzed starch market is highly competitive, with several prominent players shaping the industry landscape. Key companies include 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.
These companies are actively involved in product development, technological advancements, and strategic partnerships to enhance their market position. For example, recent product innovations and expansions by these industry leaders reflect the dynamic nature of the hydrolyzed starch market.
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Hydrolyzed Starch Market – Market Segmentation
By Nature, the Hydrolyzed Starch market is segmented into:
- Organic
- Conventional
By Functionality, the Hydrolyzed Starch market is segmented into:
- Sweetening
- Moisture Retainer
- Texturizing
By End-use, the Hydrolyzed Starch market is segmented into:
- Bakery
- Confectionary
- Dairy
- Jams and Spreads
- Beverages
- Pharmaceuticals
- Others
By Source, the Hydrolyzed Starch market is segmented into:
- Rice
- Wheat
- Potato
- Others
By Form, the Hydrolyzed Starch market is segmented into:
- Powder
- Coarse-Grain
- Granulated
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