PUBLISHER: Grand View Research | PRODUCT CODE: 1654505
PUBLISHER: Grand View Research | PRODUCT CODE: 1654505
The global starch derivatives market size is estimated to reach USD 120.66 billion by 2030, expanding at a CAGR of 6.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. Growing demand for sweeteners in various food items such as bakery & confectionary, carbonated & energy drinks is expected to propel growth over the next seven years. Furthermore, growing pharmaceutical sector in countries such as Saudi Arabia, Brazil, India, China and the U.S. is expected to further increase demand for starch derivatives. Stringent regulations encouraging the use of natural ingredients across various sectors including pharmaceutical, textile, fermentation and cosmetics is likely to propel industry growth. However, fluctuating prices of raw materialscoupled with high R&D cost is expected to be a major restraint affecting growth over the forecast period.
Glucose syrup dominated the global market in the year 2014 and is likely to generate high revenue gains over the seven years, accounting for over USD 44.0 billion by 2022. Increasing consumption of processed meats, ice creams, convenience food, instant dessertsand bakery products are expected to augment demand for the product over the next seven years.