The 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.

Growing consumer awareness regarding nutrition and health along with shifting inclination towards healthy appetite is expected to be a key driver for industry expansion. Increasing demand for natural sweeteners in soft drinks and energy drinks will increase the market size over the forecast period. However, variation in raw material prices is expected to restrain industry development. In addition, growing application of substitutes such as gum is likely to restrict starch derivative demand.

Technological developments in developing countries such as China, India, and Brazil to develop pharmaceutical products are anticipated to create opportunities for market growth. Moreover, increasing support from the government to encourage natural ingredients is likely to open new avenues over the upcoming years.

Key Players:
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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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.

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