Starch Derivatives Market To Be Valued Beyond $75 Billion By 2024A Chapter by David JonesStarch Derivatives Market Share, Size, Analysis, Growth, Trends and Forecasts to 2024 | Hexa ResearchThe global starch derivatives
market is likely to attain value above USD 75 billion by 2024. Increasing
demand for sweeteners in several food items for example carbonated & energy
drinks and bakery & confectionary will propel growth in the next seven
years (2016-2024). Rising pharmaceutical industry in nations such as India, the
U.S, Saudi Arabia, Brazil, and China is anticipated to boost for starch
derivatives.
Strict regulations encouraging the use of natural ingredients across various sectors (pharmaceutical, textile, fermentation and cosmetics) will potentially drive the market. Elevated research and development (R&D) cost along with variable prices of raw materials could challenge the major growth during the review period. Browse
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The market is segmented by products, applications, and
regions. Products are glucose syrup, maltodextrin, hydrolysates, cyclodextrin,
modified starch, and others.
Glucose syrup led the market in 2014. It was valued at
55.0% in terms of volumes in that year. It is likely to witness major gains
over the forecast period. This growth could be ascribed to rising consumption
of desserts, ice creams, processed meats, bakery products, and sauces.
Increasing glucose consumption in non-food
applications counting adhesives, plywood, paper, cosmetics, and pharmaceuticals
could spur the segment demand further. In addition, it serves as a volume
adding agent, flavor enhancer, texture agent and inhibitor of sugar
crystallization in drinks.
Maltodextrin is projected to observe considerable
growth in terms of revenue. It is expanding at a CAGR of 6.6% over the forecast
period. Its growing use in sectors such as food, cosmetics, pharmaceuticals,
paper, textile, construction, and paints & coatings will attribute to the
growth.
Applications in the market consist of food &
beverages, cosmetics, paper, pharmaceuticals, feed, and others. Food &
beverages was the leading application segment in 2015. It contributed more than
60% of the total volumes in the aforementioned year. The segment is escalating
at a lucrative rate on account of growing consumption for convenience and
packaged food in assorted countries including China, India, Brazil, the U.S.,
Germany, and Saudi Arabia. Key companies involved in the worldwide starch
derivatives market are Cargill Inc, ADM, Agrana Group Emsland Group, Roquette
Frères, and Ingredion Incorporated.
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StatsAuthorDavid Jonescalifornia, CAAboutResearch Analyst At Hexa Research Which Provides Research Content For All Types Of Domains do check my Articles more..Writing
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