The South America Starch Derivatives market size is anticipated to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the high biocompatible properties of starch derivatives as compared to synthetic polymers.
Starch derivatives are also known as modified starch. These are prepared by enzymatically, physically, or chemically treating native starch to change its properties. Starch derivatives are used in a number of industries for numerous functions. They are used as thickening and stabilizing agent in the food and beverage industry, tablet binder in the pharmaceutical industry, emulsifier in cosmetics, and fiber additive in the animal feed.
Some of the other functions of starch derivatives are flocculation, adhesiveness, film-forming, pH stability improvement, shear stability, acid stability, and process tolerance enhancement. Starches can be modified to increase their stability against excessive heat, cooling, acid, time, shear or freezing to change their texture and to increase or decrease their viscosity, depending on the application.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for functional and clean label food products are the major factors driving the starch derivatives market growth.
- High demand for low-calorie food products by consumers is projected to spur the market expansion during the forecast period.
- Rapid industrialization and increasing disposable income are estimated to propel the market growth in the coming years.
- High investment to produce high-quality starch derivatives is anticipated to restrict the market expansion.
- Rising use of natural ingredients and rising applications due to technological advancement in the starch derivatives market is estimated to offer lucrative opportunities for the market expansion in the projected timeline.
Scope of South America Starch Derivatives Market Report
The report on the South America starch derivatives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
South America Starch Derivatives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Maltodextrin, Cyclodextrin, Glucose Syrups, Hydrolysates, Modified Starch, and Others), Sources (Corn, Wheat, and Others), and Applications (Food & Beverage, Feed, Paper Industry, Pharmaceutical Industry, Cosmetics, and Others)
Brazil, Colombia, Argentina, and Rest of South America
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Archer Daniels Midland Company, Cargill, Incorporated, Tereos S.A, and Ingredion Incorporated
South America Starch Derivatives Market Segment Insights
Based on types, the market is divided into maltodextrin, cyclodextrin, glucose syrups, hydrolysates, modified starch, and others. The glucose syrups segment is expected constitute a key market share during the forecast period owing to its application in various food and non-food applications. It is used in the food & beverage industry as sweetener, thickener, and moisture-retaining agent. Glucose syrups help in providing texture, volume, improved stability, and longer shelf life to the product.
On the basis of sources, the market is bifurcated into corn, wheat, and others. The corn segment is expected to grow at rapid pace during the forecast period. Corn is an excellent gluten-free alternative to other starches. The paper industry utilizes corn starch as filler and sizing material. Increasing applications in textile, laundry, foundry, air flotation, and adhesives, driving the market growth.
In terms of applications, the market is segmented into food & beverage, feed, paper industry, pharmaceutical industry, cosmetics, and others. The food & beverage segment is anticipated to register a healthy CAGR during the forecast period, and accounted for more over 52% of the market share in 2020. Rising preference for the consumers toward healthy food, and various product innovations in the food & beverages sector are expected to fuel the segment growth.
Based on geography, the market is categorized as Brazil, Colombia, Argentina, and Rest of South America. Brazil is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to rising demand for starch derivatives for convenience foods & beverages. The functional properties possessed by starch derivatives are use in the pharmaceutical, cosmetic, and bioethanol industries. Brazil is one of the major cassava processors in the region.
The South America starch derivatives market has been segmented on the basis of
- Glucose Syrups
- Modified Starch
- Food & Beverages
- Paper Industry
- Pharmaceutical Industry
- Rest of South America
Key players competing in the South America starch derivatives market include Archer Daniels Midland Company, Cargill, Incorporated, Tereos S.A, and Ingredion Incorporated.