Published By : 25 Mar 2016 | Published By : QYRESEARCH
The global starch derivatives market has been driving much growth from the increasing demand for starch-based food and beverages across the world. The growing usage of starch derivatives in the pharmaceuticals industry is also propelling this market significantly.
Rising Preference for Natural Sweeteners to Fuel Demand for Starch Derivatives
The soaring demand for natural sweeteners from the food processing industry is projected to impact the growth of the global market for starch derivatives market positively in the coming years. The increasing consumption of non-carbonated beverages, as well as energy drinks, containing ample natural sweeteners, is also anticipated to support the growth of this market over the next few years.
On the other hand, the escalating prices of raw materials, the growing usage of alternatives such as gum, and the dearth of customized starch derivative products is expected to limit the demand for starch derivatives in the near future. However, the widespread expansion in the application of these derivatives is likely to present novel opportunities to market players in the forthcoming years.
Asia Pacific to Maintain Leadership in Global Starch Derivatives Market
Asia Pacific has been dominating the worldwide starch derivatives market since last many years. Analysts expect this regional market to maintain its dominance in the coming years. China and India are the leading domestic market for starch derivatives in Asia Pacific.
Europe, North America, and the Rest of the World are also predicted to witness steady growth in their market share over the next few years. In Europe, Germany has emerged as the most attractive domestic market for starch derivatives while the U.S. and Canada contribute the most in the North America starch derivatives market.
Grain Processing Corp., Avebe U.A., AGRANA Group, BENEO-Palatinit GmbH, Cargill Inc., Ingredion Inc., Roquette Frères S.A., Archer Daniels Midland Co., Tate & Lyle Plc, and Emsland-Stärke GmbH are some of the major participants in the global starch derivatives market.