Home > > Global Starch Derivatives Market Report
The Starch Derivatives market was valued at $62,193.0 Million in 2022, and is projected to reach $104,785.8 Million by 2032 growing at a CAGR of 5.41% from 2023 to 2032.Starch derivatives are derived from a variety of sources such as corn, wheat, tapioca, and potatoes. These derivatives are used in various industries such as food, paper, pharmaceutical, and construction. One of the main drivers of the starch derivatives market is the increasing demand for processed food products. Starch derivatives are used as thickeners, stabilizers, and texturizers in the food industry, and the demand for processed food is increasing due to the busy lifestyles of consumers and the availability of a wide range of convenience foods. Another driver of the starch derivatives market is the increasing demand for biofuels. Starch derivatives such as corn syrup and cornstarch can be converted into biofuels, and the increasing demand for renewable energy sources is driving the demand for biofuels, which in turn is driving the demand for starch derivatives. Opportunities in the starch derivatives market include the development of new applications for starch derivatives and the expansion into new markets. For example, the use of starch derivatives in the pharmaceutical industry is a growing trend, as they can be used as excipients in tablets and capsules. Some of the top companies in the starch derivatives market include Cargill, Archer Daniels Midland (ADM), Ingredion, Roquette, and Tate & Lyle. These companies have been expanding their production capacities and developing new products to meet the growing demand for starch derivatives. For example, Cargill has expanded its production of tapioca starch and opened a new corn wet milling facility in China, while ADM has invested in new technology to increase the efficiency of its corn wet milling operations.