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Starch Derivatives Market To Rear Excessive Growth During 2020
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The starch derivatives market, that forms an integral part of the functional food ingredients market, is currently being driven by the rising popularity of functional foods and beverages among consumers across the globe. A broad spectrum of functional properties exhibited by starch derivatives coupled with their easy incorporation in a wide range of food applications, increased consumption of convenience and processed food and growing demand for adhesives in industrial applications is driving this market.
Leading companies such as Cargill Inc. (U.S.), Ingredion Inc. (U.S.), and Archer Daniels Midland Company (U.S.) among several others have indulged into significant investments in advancements of technology and new product developments to provide superior quality and cost-effective solutions to the customers. They have also adopted acquisition and expansion strategies to increase their global market share and enhance their geographical presence in emerging markets such as China, Brazil and India.
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The functional food and dietary supplement manufacturers form the target audience for this report along with animal feed producers particularly in developed regions.
Awareness, faith on their efficacy, and safety are some of the deciding factors for the success of starch derivatives. The global market, still in the development stage and is expected to exhibit increasing growth as people become more health conscious and are switching to preventative healthcare mainly due to rising healthcare costs. The increase in population and disposable incomes in developing Asian countries is driving the demand for functional foods and dietary supplements, which in turn serves as a driver for the starch derivatives market.
The global market is segmented on the basis of application into food & beverage, feed, paper, cosmetics and pharmaceuticals. The pharmaceuticals segment is projected to grow at the highest CAGR of 6.5% from 2015 to 2020. In terms of volume the pharmaceuticals segment is growing at a CAGR of 3.9%.
The market is segmented on the basis of function into thickening, stabilizing, binding, and emulsifying agents.
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