The Europe Starch Derivatives Market would witness market growth of 3.3% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 14,538.3 Kilo Tonnes, showcasing a growth of 3.7% (2019-2022).
A prominent trend influencing the market is the clean label movement. Consumers are increasingly scrutinizing product labels, demanding transparency and natural ingredients. These are derived from natural sources align with this trend, and manufacturers are responding by incorporating clean-label alternatives. Clean-label products are often associated with healthier choices. In accordance with consumer preferences for health and wellness, these obtained from natural sources are generally regarded as a more health-conscious alternative to certain synthetic alternatives.
Sustainability has emerged as a critical factor shaping trends in the market. Manufacturers are exploring eco-friendly practices, from sourcing raw materials responsibly to developing biodegradable packaging materials. This aligns with broader sustainability goals and addresses the environmental impact of industrial processes. Sustainable practices in starch processing involve optimizing water, energy, and other resources. This helps reduce the overall environmental impact of the production process and enhances operational efficiency. Manufacturers are exploring ways to minimize waste generation during starch production.
The European industrial sector is increasingly focusing on sustainability and environmentally friendly practices. These are align with these goals, particularly those used in producing biodegradable packaging materials. As industries in Europe move towards sustainable packaging solutions to reduce environmental impact, the demand for starch-based bioplastics and other eco-friendly materials is expected to rise. These are utilized in the paper and textile industries for sizing, finishing, and coating applications. Thus, rising growth in the industrial sector in Europe will help expand the regional market.
The Germany market dominated the Europe Starch Derivatives Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,263.7 million by 2030. The UK market is exhibiting a CAGR of 2.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 4.1% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Starch Derivatives Market will Hit $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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