Market Size of South America Starch Derivatives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.41 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Starch Derivatives Market Analysis
South America Starch Derivatives market is projected to grow at a CAGR of 3.41% during the forecast period.
- The growth in functional food products, clean label demand, and achieving cost reduction in the production process are the major factors driving the applications of starch derivatives such as modified starch.
- The paradigm shift of consumers towards low-calorie food products is another factor that has resulted in number of food and beverage processing companies to incorporate modified starch to meet the propelling demand of functional/low-calorie food products. Such factors enabled ingredient manufacturers to develop products that can support food companies to cater to the growing demand.
