Demand for Starch Derivatives and Increasing Disposable Income of Various Populations across the Globe – New Report by MicroMarketMonitor
The North American starch derivatives market demand by value is expected to grow at a CAGR of 5.8% from 2014 to 2019. http://www.micromarketmonitor.com/market-report/protease-reports-4007197055.html
(PRWEB) May 26, 2014
Starch is obtained from various natural sources such as corn, tapioca, rice, wheat, potato, and other, and can be used for various food and non-food applications in its native form. Starch is a form of carbohydrate which helps improve digestion in the body. Starch derivatives are result of series of chemical and physical reactions between raw starch hydroxyl groups and functional groups for removing defects from raw starch in order to produce useful characteristics, to meet the industrial requirements. These starch derivatives include a vast variety of products, with very unique characteristics such as property of gelatinization, chemical resistance, fluid paste, fluid viscosity, and many more. Starch derivatives find application in diverse end-use markets, such as food & beverage, feed and other industrial domains such as paper, textile, chemical, detergents and pharmaceuticals. Starch derivatives are products obtained by processing starch which is majorly used in food and feed applications. Starch derivatives are widely used in variety of industrial applications as per their chemical characteristics and functionalities. For starch derivatives pharmaceuticals is the fastest-growing application. The increasing growing population and rising disposable income levels are driving the end use application growth for starch derivatives.
The North American starch derivatives market demand by value is expected to grow at a CAGR of 5.8% from 2014 to 2019. The food & beverage applications holds majority of the market share of the North American starch derivatives market in terms of value as well as volume. In view of the recent trend of intense research & development activities, starch derivatives are envisaged to have extensive applications in pharmaceutical, paper, cosmetics bio-ethanol & several other industrial applications. Maltodextrin is estimated to be the fastest growing type of starch derivative at a CAGR of 7.0% through 2019. U.S is the dominant market and the fastest growing market in North America followed by Canada.
The Asia-Pacific starch derivatives demand by value is expected to grow with a CAGR at a 6.4% from 2014 to 2019. The starch derivatives market is driven by factors such as the constantly growing population and increasing disposable incomes of the vast population across Asia-Pacific. Due to the growing interest of key players into research & development activities the demand for starch derivatives in Asia-pacific is estimated to be robust.
China is the dominant country, holding a share of 36.1% in 2014 and estimated to be the fastest growing country in Asia-Pacific region.
The North American starch derivatives market demand by volume is expected to grow at a CAGR of 3.5% from 2014 to 2019. This growth in the North American region is due to the rising demands in U.S. Starch derivatives are majorly used in the food applications to improve texture, softeners, volume addition, flavor enhancement and prevention for sugar from crystallization. The U.S. dominates the country-level market while Mexico is the fastest-growing country in this region.
The Europe starch derivatives market demand by volume is expected to grow at a CAGR of 6.2% from 2014 to 2019. Food & beverage is the dominant food application for starch derivatives usage. The high penetration level of food & beverage products and starch usage in the food industry is the prime reason for such a meager growth. The demand for corn starch is experiencing an upward trend. Pharmaceutical is the fastest-growing application of starch derivatives. Germany & U.K. account for a key share in the European starch derivatives market.
Asia pacific is the fastest growing geography for starch derivatives market demand. The starch derivatives demand is expected to grow at a CAGR of 6.4% in value terms during 2014-2019. An increase in food & beverage production coupled with growth in other end-user industries such as feed, pharmaceuticals, cosmetics, bio-ethanol and other industrial applications, drive the demand for starch derivatives in the Asia-Pacific region. Glucose syrup is the dominant type of starch derivatives whereas maltrodextin is the fastest-growing variant in Asia-Pacific. China, the dominant market is poised to exhibit the fastest growth followed by India.
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