New Revenue Sources in Starch Derivatives Market

The starch derivatives market refers to the industry involved in the production, distribution, and consumption of various derivatives derived from starch. Starch is a carbohydrate commonly found in plants and serves as a significant source of energy for humans. Starch derivatives are modified forms of starch that are used in various industries for their functional properties. The global starch derivatives market size was valued at US$ 56.4 billion in 2022 and is poised to grow from US$ 57.9 billion in 2023 to US$ 68.4 billion by 2028, growing at a CAGR of 3.4% in the forecast period (2023-2028).

Key starch derivatives include:

  1. Modified Starch: Modified starch is produced by physically, enzymatically, or chemically altering the properties of native starch. This modification enhances properties such as stability, viscosity, and gelatinization, making it suitable for a wide range of applications in food, pharmaceuticals, and industrial sectors.
  2. Sweeteners: Starch can be enzymatically hydrolyzed to produce sweeteners like glucose, maltose, and high fructose corn syrup (HFCS). These sweeteners are widely used in the food and beverage industry as alternatives to sucrose due to their sweetness and functional properties.
  3. Starch Esters: Starch esters are produced by esterification of starch with fatty acids or organic acids. These derivatives are used as emulsifiers, thickeners, and stabilizers in food, pharmaceuticals, and personal care products.
  4. Cyclodextrins: Cyclodextrins are cyclic oligosaccharides produced by enzymatic degradation of starch. They are used in pharmaceuticals, food, and cosmetics industries for their ability to encapsulate and stabilize active ingredients.
  5. Dextrins: Dextrins are produced by partial hydrolysis of starch and are used as binders, thickeners, and texturizers in food and pharmaceutical formulations.
  6. Starch Derivatives for Biodegradable Polymers: Starch-based biopolymers are increasingly used as alternatives to conventional plastics due to their biodegradability and renewable nature. Starch derivatives play a crucial role in the production of these biodegradable materials.

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Drivers: Functional properties of starch derivatives and their incorporation in a wide range of food applications

Starch derivatives have various functions; it is used as a thickener, texture agent, fat replacer, and emulsifier. The advanced technology used for processing these starches develops several highly functional ingredients that can be customized to meet the demand for most formulating challenges. Recently, health-conscious consumers have raised concerns about reducing the dietary caloric intake to avoid complications of obesity. Some modified starches are increasingly being used as fat replacers and substitutes. They provide the requisite mouthfeel; lend a glossy, fat-like appearance; and allow less fat pickup in fried foods. They are used in the formulation of dietary foods, such as vegetable soups and snacks. With these functional properties, the usage of starch derivatives in a wide range of applications is expected to drive the overall market.

Asia Pacific is poised to experience the highest CAGR in the starch derivatives market during the forecast period.

The region’s remarkable economic growth has led to increased consumer purchasing power, which, in turn, has boosted demand for processed foods and beverages. Starch derivatives play a crucial role in this sector as thickeners, stabilizers, and texture enhancers, driving their growth. Additionally, Asia-Pacific countries are among the world’s leading producers of starch-rich crops like rice, wheat, and cassava, ensuring a stable supply of raw materials for starch extraction. This accessibility to feedstock supports the development of a strong starch derivatives market in the region. Furthermore, the region’s increasing focus on sustainability and eco-friendly practices has led to the utilization of starch derivatives for their renewable and biodegradable characteristics, catering to the growing demand for green solutions. As the Asia-Pacific region continues to experience economic expansion and evolving consumer preferences, starch derivatives are poised to witness substantial growth during the forecast period, making it the region with the highest CAGR in the starch derivatives market.

Leading organizations outlined

Key players in this market include Cargill, Incorporated (US), ADM (US), Tate & Lyle PLC (UK), AGRANA Beteiligungs-AG (Austria), Roquette freres (France), Ingredion Incorporated (US), Green Processing Corp. (GPC) France, Avebe (Netherlands), Emsland Group (Germany), Foodchem International Corporation (China), Sukhjit Starch & Chemicals Ltd. (India), Universal Starch Chem Allied Ltd (India), Primient (US), SPAC Starch Products (India) Private Limited (India), and JP&SB International (Spain).

The starch derivatives market is expanding due to increased demand for convenience, ready-to-eat foods, and eco-friendly packaging.

The industry is actively promoting sustainable sourcing practices, emphasizing responsible supply chain management, and eco-friendly production. These efforts meet the growing preference for environmentally conscious products among consumers. Clean-label starch derivatives have emerged as a compelling trend within the market. These cleaner and more naturally formulated products, with fewer additives, address the increasing demand for transparency in consumer choices. Furthermore, starch derivatives are pivotal in responding to the health and wellness trend. They are effectively utilized to reduce fat and sugar content in processed foods, catering to health-conscious consumers. The adoption of 3D printing for innovative packaging using starch-based biodegradable materials represents a significant paradigm shift. This pioneering technology not only aligns with sustainability goals but also offers fresh possibilities for enhancing packaging aesthetics in the food and beverage sector.

Asia-Pacific region is experiencing a significant upswing, driven by the increasing preference for gluten-free and reduced-calorie products. Post-COVID, heightened health consciousness among consumers has become a prominent trend. Starch derivatives play a pivotal role in meeting this demand by offering textural and functional benefits in healthier food options. As health-conscious consumers seek better dietary choices, the Asia-Pacific starch derivatives market is poised for substantial growth.

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In starch derivatives, corn takes the lead, offering high starch content and clean-label consumer preference.

Corn is a widely cultivated crop in various regions, ensuring a consistent and substantial source of starch. The grain’s starch content is higher than many other sources, making it an efficient raw material for starch extraction. Additionally, the corn-derived starch can be processed into a wide range of derivatives, including glucose syrup, maltodextrin, and high-fructose corn syrup, each finding extensive use in food, beverage, and industrial applications. The United States is witnessing a surge in demand for corn due to the availability of non-GMO (non-genetically modified organism) corn varieties. This is in line with the preferences of consumers who are increasingly seeking non-GMO and clean-label products. As a result, corn has become a favored source for starch derivatives in the region, catering to the growing consumer demand for more natural and transparent food choices. Furthermore, the cost-effectiveness of corn-based derivatives and the development of advanced processing technologies have solidified its position as the leading source in the starch derivatives market.