Demand for starch derivatives in North America is slated to sustain the slowest CAGR among all global regions, forecast at about 4.5% during 2016 - 2021, the primary reason for this being the mature state of the market. Within North America, the United States is the largest regional market for starch derivatives, estimated to account for a share of 84% in 2016. In terms of growth, though, demand for these products is likely to be the fastest in Mexico, with a forecast CAGR of about 8% between 2016 and 2021. While glucose syrup is the leading type of starch derivative consumed in North America, growth in demand for maltodextrin is anticipated to be the fastest. In terms of application, food & beverage accounts for the largest share of starch derivatives consumed in the region, though the pharmaceutical sector is expected to drive demand growth for starch derivatives over the analysis period.
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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