Accounting for an estimated share of 29% in 2016, Europe constitutes the second largest global market for starch derivatives. While Germany is the largest market within Europe, estimated to account for 30% of the overall market in 2016, United Kingdom is slated to emerge as the fastest growing market of starch derivatives over the analysis period. By product type, glucose syrup is the largest category of starch derivatives consumed in the region, though the market for maltodextrin is anticipated to register the fastest growth. Food & beverage applications corner a significant share of the European starch derivatives market, with pharmaceutical applications poised to emerge as the fastest growing.
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 of 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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