SAN FRANCISCO, September 15, 2015 /PRNewswire/ --
The global starch derivatives market is expected to reach USD 74.30 billion by 2022, according to a new report by Grand View Research, Inc. Increasing demand for sweeteners in various food items including bakery & confectionery, non-carbonated drinks and energy drinks is expected to support the market growth.
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Growing pharmaceutical sector in various countries including India, China, U.S., Saudi Arabia and Brazil is likely to propel demand. Rising consumption of baby food, which stabilizes high-fat ingredients is likely to be a major driver for maltodextrin.
Browse full research report with TOC on "Starch Derivatives Market Analysis By Product (Cyclodextrin, Maltodextrin, Glucose Syrup, Hydrolysates, Modified Starch), By Application (Food & Beverage, Cosmetics, Paper, Pharmaceuticals, Feed) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/starch-derivatives-market
Increasing regulatory support for natural ingredients in various sectors including pharmaceuticals, cosmetics, fermentation, and textile is likely to stimulate industry expansion. Asia Pacific will show significant gains over the forecast period as a result of rapid expansion of the food & beverage sector, increasing investment by companies along with growing number of manufacturing facility by Cargill Inc. and Roquette.
Growth of pharmaceutical, food & beverage and cosmetic sectors in MEA is expected to augment demand over the forecast period. However, volatile raw material prices coupled with high R&D cost is expected to hinder growth.
Food & beverages dominated the global market in 2014 and will witness volume growth at a CAGR of 3.9% from 2015 to 2022 on account of ongoing product innovation, rising consumer preferences for high-quality products along with strengthening government regulations. Furthermore, high demand for bakery and confectionary products in India, China, Vietnam, Malaysia, Australia and Brazil is likely to fuel growth.
Further key findings from the study suggest:
Grand View Research has segmented the global starch derivatives market on the basis of product, application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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