Market Trends of Europe Starch Derivatives Industry
This section covers the major market trends shaping the Europe Starch Derivatives Market according to our research experts:
Acquisitive Demand of Starch Derivatives in Food & Beverage Industry
Packaged food and beverages are driving the demand for modified starch and other starches. At present, grab and go products are in trend. The introduction of starch-containing products in the packaged food segment is promoting the food starch market in proportion to the market for the packaged food industry. Ready meals, sauces, and snacks have often been prized for convenience as first and second in nutritional value, but today's consumers are likely to look for more than just 'quick and easy' from these popular foods. Modified starches offer a tremendous number of functional benefits to a variety of foods, such as bakeries, snacks, beverages, as well as nutritional foods. Application areas of modified starches in the food industry involve its use as a fat replacer, texture improvers, for the high nutritional claim, high-temperature gelling starches, starch-based dairy dessert, volatile meat flavor encapsulation, and spices oleoresins. Furthermore, naturally-derived rice starches have strong freeze-thaw, acid, and process stability, which makes them ideal for use in packaged sauces, as well as frozen products. Due to its technological benefits, neutral taste, and clean-label characteristics, rice starch is growing in popularity in ready meals and in a wide range of sauces and snacks.
United Kingdom Market to Witness a Fast-Growth across the European Countries
The market in the United Kingdom has witnessed significant growth owing to the rise in demand for starch derivatives for convenience foods & beverages across the country. In addition, the functional properties possessed by starch derivatives have also been instrumental in promoting their use in the pharmaceutical, cosmetic, and bioethanol industries in the country. Also, the growing application on starches across industries has provided an opportunity for the manufacturers to adopt strategic measures to capture the growing demand of the market. For instance, in 2019, Glico has unveiled its plans to explore export opportunities of its skincare ingredient Bioglycogen, an enzymatically synthesized corn starch-based glycogen after its success in the domestic market. The company is introducing the product to international markets including different countries of Europe, including the United Kingdom. Furthermore, the huge potential of the food industry in the United Kingdom stems from the exhaustive usage of various starches, like native starch, for a range of applications, like making of puddings and dessert creams, soups, and sauces. Ready-to-eat dishes, owing to their healthy characteristics, are driving the growth of the food starch market in the country.
