San Francisco, 17
September 2018: Global starch derivatives market is expected to reach USD 74.30 billion by 2022. Growing
demand for sweeteners in various food items such as bakery & confectionary,
carbonated & energy drinks is expected to propel growth over the next seven
years. Furthermore, growing pharmaceutical sector in countries such as Saudi
Arabia, Brazil, India, China and the U.S. is expected to further increase
demand for starch derivatives. Stringent regulations encouraging the use of
natural ingredients across various sectors including pharmaceutical, textile,
fermentation and cosmetics is likely to propel industry growth. However,
fluctuating prices of raw materialscoupled with high R&D cost is expected
to be a major restraint affecting growth over the forecast period.
Glucose syrup dominated
the global market in the year 2014 and is likely to generate high revenue gains
over the seven years, accounting for over USD 44.0 billion by 2022. Increasing
consumption of processed meats, ice creams, convenience food, instant
dessertsand bakery products are expected to augment demand for the product over
the next seven years.
Access Research Report
of Starch Derivatives
Market@ www.grandviewresearch.com/industry-analysis/starch-derivatives-market
Food &beverages
segment accounted for the largest application share in 2014 and is expected to
witness significant gains at a CAGR of over 6.0%.Rise in product innovation by
manufacturers coupled with rising consumer preferences for high quality
products is likely to propel growth.
Rising consumer demand
for food and beverages, pharmaceutical and personal care products in Latin
America and Middle East & Africais expected to propel demand for the
product over the next seven years. Moreover, improving economic conditions in
the region owing to rapid industrial growth is expected to be the keydrivers.
In addition, increasing urbanization and changing consumer lifestyle is
expected to increase demand for packaged foods which in turn is anticipated to
propel demand for starch derivative industry over the projected period.
As of 2014, Asia Pacific
dominated the global market in terms of revenue as well as volume and is
expected to witness highest CAGR, growing at over 6.0% from 2015 to 2022. Rapid
economic growth led by China and India coupled with capacity expansions in food
& beverage industry in the region is likely to have a positive impact on
growth.Furthermore, increasing demand for bakery and confectionary products in
India, China, Vietnam, Malaysia, and Australia is likely to fuel growth in the
region.
Key players in the
starch derivatives market include Ingredion Incorporated, Tate & Lyle PLC,
Global Bio-chem Technology Group Company Limited, Cargill Inc. and RoquetteFrères.
Growing emphasis on developing new and innovative products by manufacturers in
order to cater to needs ofvarious industries is likely to promote growth.
Cargill Inc. and Roquette have invested heavily in Asia Pacific for capacity
expansion of existing plants and to increase the number of manufacturing
facilities.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/food-safety-and-processing
Grand View Research has
segmented the global starch Derivatives market on the basis of product,
application and region:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million,
2012 - 2022)
·
Maltodextrin
·
Glucose Syrup
·
Cyclodextrin
·
Hydrolysates
·
Modified Starch
·
Others
Application Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2012 - 2022)
·
Food & Beverages
·
Cosmetics
·
Paper
·
Pharmaceuticals
·
Feed
·
Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2012 - 2022)
·
North America
o
U.S.
·
Europe
o
Germany
·
Asia Pacific
o
China
o
India
·
Latin America
o
Brazil
·
MEA
Access Press Release of
Starch Derivatives Market@ www.grandviewresearch.com/press-release/global-starch-derivatives-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
No comments:
Post a Comment