Global Starch Derivatives Market Size, Share & Industry Trends Analysis Report By Form (Dry and Liquid), By Application, By Type, By Source (Corn, Arrowroot, Potato, Rice, Wheat, Tapioca and Others), By Regional Outlook and Forecast, 2023 - 2030

Analysis of Market Size & Trends

The Global Starch Derivatives Market size is expected to reach $70.1 billion by 2030, rising at a market growth of 3.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 72,833.3 Kilo Tonnes, experiencing a growth of 4.1% (2019-2022).

Tapioca starch is often perceived as a natural and clean-label ingredient. Consumers increasingly seek products with recognizable and minimally processed ingredients; tapioca fits well into this trend. Therefore, the tapioca segment captured $2,782.1 million revenue in the market in 2022. Tapioca starch is naturally gluten-free, making it a popular choice for individuals with gluten sensitivities or those following gluten-free diets. The growing demand for gluten-free products in the food industry has boosted the use of tapioca starch in various applications. These aspects will help in the expansion of the segment. Some of the factors impacting the market are rising adoption across various industries, rising adoption in the pharmaceutical industry, and challenges related to raw material availability and pricing.

Starch derivatives act as effective thickeners and stabilizers in various food products. They contribute to the desired texture, consistency, and stability in soups, sauces, gravies, and dressings. These enhance the texture of bakery products, and confectionery. They contribute to the crispiness of snacks, the softness of baked goods, and the overall mouthfeel of various food items. They serve as excipients in pharmaceutical tablet formulations. They contribute to the tablet's physical structure, aid drug delivery, and facilitate disintegration. Additionally, these act as binding agents in tablet formulations, helping to hold the active pharmaceutical ingredients (APIs) together. This is essential for the formation of cohesive and compressible tablets. These contribute to the disintegration of tablets, allowing them to break down into smaller particles when in contact with liquids. This property is critical for the efficient release and absorption of drugs in the body. They help form tablets with a uniform structure, ensuring consistency in drug content and facilitating ease of manufacturing. These aspects will pose lucrative growth prospects for the market.

However, corn, wheat, and potatoes are agricultural commodities subject to price fluctuations influenced by various factors such as weather conditions, global demand and supply dynamics, geopolitical events, and currency exchange rates. Rapid and unpredictable changes in commodity prices can significantly impact the production costs for manufacturers. The global supply and demand for key raw materials can shift due to factors like changes in agricultural practices, government policies, and global economic conditions. These aspects can hinder the growth of the market in the future.

The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.

Type Outlook

Based on type, the market is segmented into glucose syrup, modified starch, maltodextrin, hydrolysates, and cyclodextrin. The modified starch segment procured a considerable revenue share in the market in 2022. Modified starches offer various functionalities, making them versatile ingredients in various industries. They can be tailored to provide specific properties such as improved texture, stability, thickening, gelling, and moisture retention, making them valuable in food, pharmaceuticals, and other applications. Owing to these factors, there will be an increased demand in the segment.

Source Outlook

On the basis of source, the market is divided into corn, arrowroot, potato, rice, tapioca, wheat, and others. In 2022, the wheat segment attained a significant revenue share in the market. Wheat is a widely cultivated and readily available crop, making wheat starch a cost-effective option for manufacturers. The abundance of wheat as a raw material contributes to its economic viability in producing starch derivatives. The clean label movement has increased the preference for natural and recognizable ingredients. These factors will help in the increasing demand in the segment.

Form Outlook

Based on form, the market is bifurcated into dry and liquid. In 2022, the liquid segment witnessed a substantial revenue share in the market. Liquid starch derivatives are designed to have improved solubility and stability in aqueous solutions. This is particularly advantageous in applications where rapid dissolution and uniform dispersion are crucial for product quality. Liquid starch derivatives can offer convenience in processing for manufacturers. Therefore, the segment will expand rapidly in the coming years.

Application Outlook

Based on application, the market is segmented into food & beverages, industrial, and feed. The food and beverages segment held the largest revenue share in the market in 2022. The rising global population, urbanization, and changing lifestyles have increased demand for convenient processed food products. These are commonly used in processed foods to improve texture, stability, and shelf life. Consumer preferences are shifting towards clean-label products with natural and recognizable ingredients. These aspects will pose lucrative growth prospects for the segment.

Starch Derivatives Market Report Coverage

Report Attribute	Details
Market size value in 2022	USD 52.6 Billion
Market size forecast in 2030	USD 70.1 Billion
Base Year	2022
Historical Period	2019 to 2021
Forecast Period	2023 to 2030
Revenue Growth Rate	CAGR of 3.7% from 2023 to 2030
Number of Pages	464
Number of Table	970
Quantitative Data	Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030
Report coverage	Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered	Type, Form, Source, Application, Region
Country scope	North America (US, Canada, Mexico, and Rest of North America) Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe) Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific) LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included	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
Growth Drivers	Rising adoption across various industries Rising adoption in the pharmaceutical industry
Restraints	Challenges related to raw material availability and pricing

Regional Outlook

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment procured the highest revenue share in the market in 2022. The Asia Pacific region is characterized by a large and rapidly growing population. As urbanization continues, there is an increased demand for processed and convenience foods, which often contain starch derivatives. This drives the overall consumption of starch-based products in the region. As a result, the segment will grow rapidly in the upcoming years.

Free Valuable Insights: Global Starch Derivatives Market size to reach USD 70.1 Billion by 2030

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

Strategies deployed in the Market

• Jul-2022: Cargill Incorporated and Continental Grain Company have collaborated in a joint venture to purchase Sanderson Farms LLC, a poultry farming company. In this strategic acquisition, Cargill and Continental Grain have merged Sanderson Farms LLC with Wayne Farms, a subsidiary of Continental Grain, resulting in the establishment of a new privately held poultry business in the United States. The newly formed entity is named Sanderson Wayne Farms, and its primary objective is to provide consumers and customers with affordable yet high-quality poultry products.
• Oct-2021: Cargill Incorporated has introduced Sim Pure rice flour as an alternative to maltodextrin. This new product mirrors the taste, texture, and functionality of maltodextrin, offering improved mouthfeel and a creamier experience, especially evident in consumer tests using powdered chocolate milk. Sim Pure aligns with consumer preferences for less processed food options, meeting the demand for a healthier choice.
• Feb-2021: Tate & Lyle PLC has completed the acquisition of the Thai Tapioca Starch Association, a manufacturer of modified food starch in Thailand. Through this acquisition Tate & Lyle aims to enhance the company's involvement in tapioca-based texturants, providing a diverse range of tapioca-based products and solutions to meet the rising demand for improved taste and clean label foods among customers. Additionally, the company plans to extend its presence in the Asia Pacific region by establishing a dedicated production facility in Thailand as part of this acquisition.
• Jan-2021: Tate & Lyle PLC has expanded its range of tapioca-based starches by introducing REZISTA® MAX thickening and BRIOGEL® gelling starches. These recently introduced starches find applications in various food products such as dairy, soups, sauces, and more, enabling manufacturers to achieve optimal product quality. The BRIOGEL® gelling starches, available in different strengths, create a soft gel particularly well-suited for applications in processed cheese.
• Dec-2020: Cargill Incorporated to increase the manufacturing capacity of Cold-Water Swelling Starch (CWSS) at Pandaan Sweetener plant in Indonesia, by twice then before. Under this expansion, the company want to increase its global footprints in Asia, as demand of products made using CWSS is increasing rapidly. The production of CWSS in Asia will help Cargill to establish itself as reliable and cutting-edge provider of food ingredients.
• Nov-2020: Ingredion Incorporated has entered into an agreement with James Cameron and Suzy Amis Cameron to finalize the acquisition of the remaining ownership stake in Verdient Foods Inc. This strategic move positions Ingredion to enhance its net sales growth, expand manufacturing capabilities, and collaborate closely with customers to meet the rising demand for plant-based foods.
• Oct-2020: The Sukhjit Starch & Chemicals Ltd. has unveiled plans for a new maize processing facility in Phagwara, Punjab. Scheduled to commence operations in the third week of October 2020, the unit will initially operate at a reduced capacity, with plans to scale up production in response to evolving circumstances related to the ongoing Covid situation.
• Jul-2020: Ingredion Incorporated has successfully completed the acquisition of Pure Circle, a leading manufacturer and pioneer in plant-based stevia sweeteners and flavours. Through this strategic move, Ingredion aims to leverage its broad ingredient portfolio, formulation expertise, and global market approach, while tapping into Pure Circle’s global innovation and production capabilities.
• Jun-2020: The Emsland Group came into partnership with Eat JUST, Inc., a food technology company. Through this acquisition, Emsland will enhance its protein processing capabilities, aiming to meet the growing global demand for the acclaimed plant-based product known as JUST Egg, marketed in the United States.

Scope of the Study

Market Segments Covered in the Report:

By Form (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• Dry
• Liquid

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• Food & Beverages
• Industrial
• Feed

By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• Glucose Syrup
• Modified Starch
• Maltodextrin
• Hydrolysates
• Cyclodextrin

By Source (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• Corn
• Arrowroot
• Potato
• Rice
• Wheat
• Tapioca
• Others

By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

• 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
• Foodchem International Corporation