The Asia Pacific Starch Derivatives Market would witness market growth of 3.9% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 26,030.2 Kilo Tonnes, showcasing a growth of 4.2% (2019-2022).
Ongoing technological advancements are driving innovation in the market. Novel processing techniques, such as enzyme and physical modification, are being explored to enhance the functionalities of these. The market has experienced an increasing need for specialty starch derivatives with distinct properties to meet particular requirements. Modified starches, resistant starches, and other specialty derivatives find applications in niche markets, such as gluten-free products, reflecting evolving dietary preferences and health-conscious consumer choices.
Innovation in the extraction process has been a focal point in the market. The development of natural extraction techniques, avoiding harsh chemicals has gained traction. This not only aligns with clean label preferences but also enhances the overall sustainability of the industry. Ongoing research and development efforts focus on functional modifications of these derivatives. These modifications aim to tailor the properties of these for specific applications, ranging from improved gelling capabilities in food products to enhanced binding properties in pharmaceutical formulations.
The Asia Pacific region is characterized by a rapidly growing population and ongoing urbanization. As more people move to urban areas, there is an increased demand for convenient and processed food products, driving the need for these in various food applications. As per the data from the State Council of the Government of China, the food industry experienced consistent growth in production and sales during the first half of the year. Therefore, the growing food and beverage sector in Asia Pacific will increase the demand in the region.
The China market dominated the Asia Pacific Starch Derivatives Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,975.3 million by 2030. The Japan market is registering a CAGR of 3.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 4.6% during (2023 - 2030).
Based on Form, the market is segmented into Dry and Liquid. Based on Application, the market is segmented into Food & Beverages, Industrial and Feed. Based on Type, the market is segmented into Glucose Syrup, Modified Starch, Maltodextrin, Hydrolysates, and Cyclodextrin. Based on Source, the market is segmented into Corn, Arrowroot, Potato, Rice, Wheat, Tapioca and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Starch Derivatives Market is Predict to reach $70.1 Billion by 2030, at a CAGR of 3.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Sukhjit Starch and Chemicals Ltd., Cargill, Incorporated, Archer Daniels Midland Company, Tate & Lyle PLC, AGRANA Beteiligungs-AG, Roquette Freres SA, Ingredion Incorporated, Royal Avebe U.A., Emsland Group, and Foodchem International Corporation.
By Form (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Source (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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