United States Starch Derivatives Market is projected to grow at a CAGR of 4.2% during the forecast period (2020-2025).
Key Market Trends
Rising Demand for Functional Ingredients
The demand is driven by the performance quality and functionality of the products. Increasing demand for starch derivatives in the pharmaceutical industry is one of the factors supporting market development significantly. Moreover, increasing demand for functional ingredients, developments in chemical modification techniques for starch, favorable functionalities of starch in various end-use industries, and the lack of a potent substitute are the major market drivers and opportunities, which in turn boosting the starch derivatives market in the country.
Glucose Syrups holds a Prominent Share in the market studied
The glucose syrups segment is expected to witness significant gains over the forecast period owing to the rising consumption of ice creams, desserts, bakery products, processed meats, and sauces in the country. Increasing glucose consumption in non-food applications including cosmetics, pharmaceuticals, adhesives, textiles, paper, and plywood is expected to propel demand. In addition, it serves as a flavor enhancer, volume adding agent, texture agent, and inhibitor of sugar crystallization in drinks.
Competitive Landscape
The United States starch derivatives market is highly competitive and revenue share is acquired by several local and international players which leads to a fragmented and unorganized market at the country level. The presence of major players operating in the country, such as Cargill Incorporated, Archer Daniels Midland Company, and Ingredion Incorporated, have strengthened the market through their product offerings.
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- 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.
- Moreover, the consumption of starch derivatives in pharmaceutical applications has been gaining momentum due to research and development initiatives.
Key Market Trends
Rising Demand for Functional Ingredients
The demand is driven by the performance quality and functionality of the products. Increasing demand for starch derivatives in the pharmaceutical industry is one of the factors supporting market development significantly. Moreover, increasing demand for functional ingredients, developments in chemical modification techniques for starch, favorable functionalities of starch in various end-use industries, and the lack of a potent substitute are the major market drivers and opportunities, which in turn boosting the starch derivatives market in the country.
Glucose Syrups holds a Prominent Share in the market studied
The glucose syrups segment is expected to witness significant gains over the forecast period owing to the rising consumption of ice creams, desserts, bakery products, processed meats, and sauces in the country. Increasing glucose consumption in non-food applications including cosmetics, pharmaceuticals, adhesives, textiles, paper, and plywood is expected to propel demand. In addition, it serves as a flavor enhancer, volume adding agent, texture agent, and inhibitor of sugar crystallization in drinks.
Competitive Landscape
The United States starch derivatives market is highly competitive and revenue share is acquired by several local and international players which leads to a fragmented and unorganized market at the country level. The presence of major players operating in the country, such as Cargill Incorporated, Archer Daniels Midland Company, and Ingredion Incorporated, have strengthened the market through their product offerings.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Archer Daniels Midland Company
- Cargill Incorporated
- Royal Avebe U.A (Avebe Nutrition)
- Ingredion Incorporated
- Beneo
- Tate & Lyle PLC
- Roquette
- Tereos S.A
Methodology
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