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!
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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