Product Overview

In order to modify its properties, starch derivatives are made by enzymatically, mechanically, or chemically processing native starch. In different industries, starch derivatives are used. It is used in the food and beverage industry as a thickener and stabilizer, in the pharmaceutical industry as a tablet binder, in cosmetics as an emulsifier, and in animal feed as a fiber additive. Flocculation, film-forming, adhesiveness, pH stability improvement and shear stability, acid stability, and process tolerance enhancement are also other functions of starch derivatives. Starch derivatives are used in the pharmaceutical field as a tablet binder, as a food and beverage stabilizer and thickener, as a fiber filler in animal feed, and as an emulsifier in the cosmetic industry. In addition to these, adhesiveness, flocculation, film-forming, shear stability, pH stability improvement, process tolerance improvement, and acid stability are some more important applications of starch derivatives.

Market Highlights

Starch Derivatives Market is expected to project a notable CAGR of 8.7% in 2030.

Starch Derivatives Market to surpass USD 65.5 billion by 2030 from USD 49.74 billion in 2019 at a CAGR of 8.7% throughout the forecast period, i.e., 2020-30. The market is mainly driven by a wide spectrum of applications of starch and its derivatives across different end-user sectors. The growth of the industry is likely to be driven by strict regulations promoting the use of natural ingredients across various industries, including pharmaceuticals, textiles, fermentation, and cosmetics. The underlying demand for starch-based adhesives is paper and packaging and is expected to experience healthy growth in the near future. The demand for bio-based and biodegradable adhesives is expected to fuel ever-increasing regulatory requirements for low-emission adhesives, which, in turn, is expected to drive the market for starch and its derivatives. Due to factors such as rising R&D spending, along with fluctuations in raw material prices, the demand for starch derivatives has seen significant growth. Besides, rising public health and wellness issues, along with a shifting desire for a healthy appetite, are key to improve the market.

Starch Derivatives Market: Segments

Glucose syrup segment to grow with the highest CAGR of 6.3% during 2020-30

Starch Derivatives Market is segmented by product as maltodextrin, glucose syrup, cyclodextrin, hydrolysates, Modified starch, and Others. The greater market share in 2019 was accounted for by the Glucose syrup segment held the largest share of 55% in terms of volume in the Starch Derivatives market. Due to the increasing consumption of ice creams, sweets, bakery items, processed meats, and sauces, the segment is expected to experience substantial gains over the forecast period. Demand is expected to be propelled by increased glucose consumption in non-food applications, including cosmetics, pharmaceuticals, adhesives, textiles, paper, and plywood. It also acts as a taste enhancer, volume adding agent, texture agent, and sugar crystallization inhibitor in beverages. As a result of its growing usage in various industries, including food, cosmetics, pharmaceuticals, paper, textiles, construction, and paints and coatings, Maltodextrin is projected to grow at a revenue-based CAGR of 6.3% over the forecast period.

Pharmaceutical Segment to grow with the highest CAGR of 5.9% during 2020-30

Starch Derivatives Market is segmented by application into food & beverages, cosmetics, paper, pharmaceuticals, feed, and others. Food and beverages were the largest application segment in 2019 accounting for over 58.9% share of the global volume. In different countries, including China, India, Brazil, the United States, Germany, and Saudi Arabia, the segment is expected to see substantial growth due to rising consumption of packaged and convenience foods. Owing to high disposable income and developments in healthcare infrastructure, pharmaceuticals are projected to rise at a CAGR of 5.9 percent over the forecast period. Besides, over the forecast period, the growing pharmaceutical industry in the U.S., China, and India is forecast to deliver significant opportunities. The market for starch derivatives is expected to increase the inclination for the use of natural cosmetics.

Starch Derivatives Market: Market Dynamics

Drivers

Increasing Investments by Organizations

Population growth, increasing demand for convenience foods and beverages in developing countries, and an increase in per capita incomes are among the key factors driving the growth of the global market for starch derivatives. Besides, starch holds an important position in the sectors of glue processing, textile finishing and weaving, bio-fuel, and fermentation. A striking inflow of capital is expected to be witnessed by the industry, as starch producers are extending their commitment to improving the quality of their goods to have an advantage over their rivals. It is also anticipated that the use of these derivatives in the personal care segment as a drug coating and animal feed would provide potential scope for market growth in the coming years.

Emerging economies

Emerging economies such as China and India are seeing a rise in the consumption of modified starch due to rapid industrialization and an increase in middle-class purchasing capacity per capita. A rise in use in areas with unexplored market applications such as functional foods, nutrition, and healthcare is expected to be seen. Its derivatives are poised to play an important role in improving the abundant supply and renewable existence of sustainable plastics. The supply and cost may further improve if lignocelluloses replace cornstarch as the preferred feedstock in the production of ethanol in the U.S. in the coming years.

Restrain

Variation in raw material costs

High R&D costs involved in the extraction and development of starch derivatives are one of the major factors limiting the growth of the demand for starch derivatives. They are used in different industries, such as food & beverage, pharmaceutical, paper, and many more, but they have small natural sources of starch extraction. Starch derivatives have improved functional properties and give various advantages. This has forced a large variety of starch derivatives for food and non-food applications to be developed and marketed by producers and marketers.

Starch Derivatives Market: Key Players

Archer Daniels Midland Company

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.

Cargill Incorporated

Royal Avebe U.A (Avebe Nutrition)

Ingredion Incorporated

Beneo

Roquette

Tate & Lyle PLC

Starch Derivatives Market: Regions

Starch Derivatives Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Starch Derivatives Market in Asia Pacific held the largest market share of XX.X% in the year 2019 due to the increasing demand for processed food, because of the shift in lifestyle trends. People are searching for choices for ready-to-eat meals as they lead a busy life. Asia Pacific is also the fastest-growing market, as industrial applications and starch-processing technologies are rapidly evolving in the region. As different industries integrate starch derivatives into their manufacturing processes and goods, the demand for starch derivatives is growing. Key players are also investing rapidly in the demand for starch derivatives in the Asia Pacific. Due to the growth of the pharmaceutical and food and beverage industries in countries such as the U.S., Canada, and Mexico, North America is projected to grow at a volume-based CAGR of 3.4 percent over the forecast period. As a result of the rapid growth of the personal care and textile industries in the U.K., Germany, and Spain, Europe is expected to see significant growth.

Competitive Landscape:

The Starch Derivatives market, which is highly competitive, consists of several major players such as Archer Daniels Midland Company (US), Cargill (US), Ingredion (US), Tate & Lyle (UK) hold a substantial market share in the Starch Derivatives market. Other players analyzed in this report are Roquette Frères (France), Grain Processing Corporation (US), Global Sweeteners Holdings Ltd. (Hong Kong), AGRANA (Austria), Gulshan Polyols (India), Fooding Company Limited (China), Foodchem International Corporation (China), Tereos (France), Molinos Juan Semino SA (Argentina), JP & SB International (Spain), and Gujarat Ambuja Export (India). ShreeGluco Biotech Private Ltd. (India), Varun Industries (India), Shubham Starch Chem Pvt. Ltd. (India), Matsutani Chemical Industry Co., Ltd. (Japan), Sansar Bio-Polymers Ltd. (India), Jay Sardar Starch & Gum Consultant (India), B Food Science Co., Ltd. (Japan), Tirupati Starch & Chemicals Ltd. (India), Sinofi Ingredients (China), and Nagase & Co., Ltd. (Japan).

The market competition has been stepped up by the availability of many players offering Starch Derivatives. In November 2020, AGRANA announced the opening of its new wheat starch production plant in Lower Austria. Through this plant, the company has expanded its business operations and doubled its wheat starch producing capacity. This plant will also help the company to respond to the growing demand for starch from the paper industry.

Starch Derivatives Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Starch Derivatives Market report also contains analysis on:

Starch Derivatives Market Segments:

By Product:

Maltodextrin

Glucose syrup

Cyclodextrin

Hydrolysates

Modified starch

Others

By Raw Material:

Corn

Cassava

Potato

Wheat

By Application:

Food & beverages

Cosmetics

Paper

Pharmaceuticals

Feed

Others

Starch Derivatives Market Dynamics

Starch Derivatives Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

FAQs on Starch Derivatives Market

Which segment is anticipated to hold the largest market share

At what CAGR is the market anticipated to grow between 2020 and 2030

Who are the key players in the Starch Derivatives Market

What could be the challenging factors in the growth of the Starch Derivatives Market

What are the growth drivers for the Starch Derivatives Market

Contents

1. Executive Summary

2. Starch Derivatives Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Starch Derivatives Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Starch Derivatives Market

11.1. Market Size & forecast, 2019A-2030F

11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Starch Derivatives: Market Segmentation

12.1. By Regions

12.1.1. North America:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.2. Europe:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.3. Asia-Pacific:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.4. MEA:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.5. Latin America:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By Product: Market Share (2020-2030F)

12.2.1. Maltodextrin, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.2. Glucose syrup, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.3. Cyclodextrin, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.4. Hydrolysates, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.5. Modified starch, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.6. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3 By Application: Market Share (2020-2030F)

12.3.1. Food & beverages, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.2. Cosmetics, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.3. Paper, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.4. Pharmaceuticals, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.5. Feed, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.6. Other, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4 By Raw Material: Market Share (2020-2030F)

12.4.1. Corn, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.2. Cassava, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.3. Potato, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.4. Wheat, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

13. Company Profile

13.1.1. Cargill Inc.

13.1.2. Company Overview

13.1.3. Company Total Revenue (Financials)

13.1.4. Market Potential

13.1.5. Global Presence

13.1.6. Key Performance Indicators

13.1.7. SWOT Analysis

13.1.8. Product Launch

13.2. Tate & Lyle

13.3. Avebe

13.4. Ciranda

13.5. Archer Daniels Midland

13.6. Ingredion

13.7. NIC Starch Products Ltd.

13.8. Agrana Group

13.9. Emsland Starke Gmbh

13.10. Beneo Gmbh

14 Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)