Asia-Pacific represents the largest global market for starch derivatives, estimated to account for share of about 34% in 2016, though demand for these products in the region is likely to emerge as the second fastest growing. China is the largest market for starch derivatives within Asia-Pacific, cornering a share estimated at 38% in 2016, as well as forecast to be the fastest growing. Though demand for glucose syrup is the largest, the market for maltodextrin in Asia-Pacific is primed to witness fastest growth during 2017 - 2022. By end-use, food & beverage accounts for the largest share of all starch derivatives consumed in the region, pharma applications are likely to register fastest growth in demand. India is the other market for starch derivatives that is anticipated to propel demand growth in the region.
The production of starch derivatives involves the chemical reaction of hydroxyl groups of raw starches with a variety of functional groups. This helps in transforming the raw starches through the elimination of several deficiencies inherent in them and imparting beneficial properties for a range of applications. Starch derivatives comprise a number of products with unique characteristics that include stability in fluid paste, gelatinization, outstanding fluid viscosity, chemical resistance and electrical property, among others.
The sector of starch derivatives has been evolving as a consequence of technological advancements, which has resulted in the introduction of innovative products and solutions. The market for starch derivatives has been increasing because of growing demand for convenience foods and beverages in the emerging countries. In addition, the functional properties possessed by starch derivatives has also been instrumental in promoting their use in the pharmaceutical, cosmetic and bioethanol industries. Cyclodextrin, glucose syrup, hydrolysates, maltodextrin and modified starches are the various types of starch derivatives considered in this report, which are derived through the chemical, physical or enzymatic treatment of native starch.
Raw material suppliers, processors and the final product manufacturers constitute the various stakeholders in the starch derivatives industry. Major producers of starch derivatives have been engaged in the strategies of focusing on innovation in products, expanding current operations and commencing new ones and investing in products of other companies, among others. While the leading five companies account for a substantial share of the global starch derivatives market, small and medium players, too, have made significant contributions to the industry.
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