China Starch Derivatives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

China Starch Derivatives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Chinese starch derivatives market is projected to register a CAGR of 8.5% during the forecast period.

Key Highlights

• With the evolving market scenario for starch and starch derivative, the demand for various applications in the food and non-food sectors plays a key role for suppliers, as well as the manufacturers.
• The most stimulating and favorable applications of all the sectors are the high-value food processing industry, where the demand for starches and derivatives is in an emerging stage but records a strong growth rate.

Key Market TrendsModified Starch is Modified Starch is Driving the Overall Market For Starch Derivatives

The food and beverage industry accounts for the largest market share. Both modified starch and starch derivative products are used tremendously in the food and confectionary industry. Growth in functional food products, clean label demand, and achieving cost reduction in the production process are the major factors driving the applications of modified starch in the food industry. The paradigm shift of consumers toward low-calorie food products is yet another factor that has resulted in the number of food and beverage processing companies to incorporate modified starch to meet the propelling demand the functional/low-calorie food product.

Growing Application in Food and Beverage

Starch derivates have several applications in the food and beverage sector. Both modified and unmodified starches can act as gelling agents in confectionery applications. Several gelling starches (derived from maize and potato) are being used to partly replace/complement gelatin in gummy-type candies, in which a softer, less chewy/elastic consistency is wanted. Starches and starch-based offerings are also being used to texturize chewy-type candy. Resistant or indigestible starch is emerging as a functional ingredient in processed food products, due to its functionality that includes acting as a soluble fiber, which can be added to a number of foods to improve the texture and decrease the rate at which sugar enters the blood from digestion.

Competitive Landscape

The Chinese starch derivatives market is consolidated, and the major players are holding the majority of shares in the market. The presence of major players operating in the country, such as Cargill, Ingredion Incorporated, and Tate & Lyle PLC, have strengthened the market through their product offerings. Continuous innovation to introduce new products, with functional benefits is the key competitive factor in the market. Thus, the key global players have intensified their R&D efforts, in order to develop innovative products based on the requirements of the end-user industry.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Cargill Incorporated
Royal Avebe UA (Avebe Nutrition)
Ingredion Incorporated
Tereos SA
Roquette
Tate & Lyle Plc

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