The North America Starch Derivatives Market would witness market growth of 3.5% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 17,434.2 Kilo Tonnes, showcasing a growth of 3.9% (2019-2022).
Starch derivatives, derived from the versatile and abundant starch extracted from various plant sources, represent a dynamic and indispensable segment within the food and industrial sectors. These derivatives undergo a range of processing techniques to modify their properties, unlocking many applications across diverse industries. The market has grown substantially in recent years, propelled by evolving consumer preferences, technological advancements, and the demand for innovative and sustainable solutions.
In the pharmaceutical sector, these derivatives are pivotal as excipients and disintegrants in tablet formulations. The burgeoning pharmaceutical industry, driven by factors such as an aging population and heightened healthcare awareness, has spurred the adoption of these for their contributions to drug delivery and formulation development. These are not confined to a singular use within industries. Their adoption spans a spectrum of applications — from acting as sizing agents in the paper industry to providing texture and structure in the textile sector.
Consumer preferences in North America are shifting towards convenient and processed food and beverage products. These are important ingredients in a wide range of processed foods, including snacks, baked goods, sauces, and ready-to-eat meals. As per the data provided by the United States Department of Agriculture, according to the U.S. Department of Commerce, Bureau of the Census's County Business Patterns, the United States had a total of 41,080 food and beverage processing plants in 2021. As a result, the growing food and beverage sector in North America is expected to boost the demand in the region.
The US market dominated the North America Starch Derivatives Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $13,586.2 million by 2030. The Canada market is experiencing a CAGR of 5.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The 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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