While the United States is the largest market for starch derivatives in North America, cornering an estimated 84% share in 2016, growth in demand for the region is forecast at a modest CAGR of about 5% during 2017 - 2022. Glucose syrup is the most widely consumed type of starch derivative in the region, estimated to account for about 40% share in 2016. However, demand for maltodextrin in the United States is likely to outpace other categories of starch derivatives during the 2017 - 2022 analysis period. By application, though food & beverage is the largest end-user of starch derivatives, greater utilization of these products by the pharmaceutical sector is expected to make this the fastest growing end-use area.
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 to have made significant contributions to the industry.
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