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2015-2019
Table of Contents
of
Global
Starch
Derivatives
technavio insights
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2015-2019
of
Global
Starch
Derivatives
Market by Application......................................... 20
11.2 Segmentation
of
Global
Starch
Derivatives
Market by Application......................................... 21
11.3 Global Starch Derivatives Market in Food and
Beverage Sector................................................... 22
11.3.1 Market Size and Forecast......................................................... 22
11.4 Global
Starch
Derivatives
Market
in
11.5 Global
Starch
Derivatives
Market
in
technavio insights
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2015-2019
of
Global
Starch
Derivatives
of
Global
Starch
Derivatives
technavio insights
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2015-2019
technavio insights
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2015-2019
technavio insights
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2015-2019
List of Exhibits
Exhibit 1: Market Research Methodology.................................. 4
Exhibit 2: Segmentation of Global Starch Derivatives Market 7
Exhibit 3: Segmentation of Global Starch Derivatives Market
by Type ................................................................................... 7
Exhibit 4: Segmentation of Global Starch Derivatives Market
by Application ....................................................................... 8
Exhibit 5: Segmentation of Global Starch Derivatives Market
by Geography ....................................................................... 8
Exhibit 6: Global Starch Derivatives Market 2014-2019 (US$
billion) ...................................................................................... 9
Exhibit 7: Segmentation of Global Starch Derivatives Market
by Type ................................................................................. 12
Exhibit 8: Segmentation of Global Starch Derivatives Market
by Type 2014 and 2019 ....................................................... 12
Exhibit 9: Segmentation of Global Starch Sweetener Market
by Type ................................................................................. 13
Exhibit 10: Segmentation of Global Starch Sweetener Market
by Type 2014 and 2019 ....................................................... 13
Exhibit 11: Global Starch Sweetener Market 2014-2019 (US$
billion) ................................................................................... 14
Exhibit 12: Global Maltodextrin Market 2014-2019 (US$ billion) ..
..................................................................................... 15
Exhibit 13: Global Cyclodextrin Market 2014-2019 (US$ billion) ..
..................................................................................... 16
Exhibit 14: Global Glucose Syrup Market 2014-2019 (US$ billion)
..................................................................................... 17
technavio insights
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2015-2019
technavio insights
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2015-2019
technavio insights
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2014:
2019:
US$42.56 billion
US$59.20 billion
2014:
2019:
5.8 percent
7.4 percent
CAGR
6.82 percent
Key Geographies
APAC:
Americas:
Europe:
ROW:
35 percent
33 percent
28 percent
4 percent
US:
China:
India:
21 percent
13 percent
9 percent
Advances in Technology
Intense R&D Activities
Rise in Disposable Income of Consumers
Availability
Cost
Eco-friendliness
Taste
Key Vendors
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Asia Pacific
FDA
GRAS
ROW
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Products Offered
ADM
Starch Derivatives
Cargill
Starch Derivatives
Ingredion
Starch Derivatives
Roquette Freres
Starch Derivatives
Starch Derivatives
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Exhibit 1:
Global Starch
Derivatives Market
2015-2019
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Based on the research results and technical insights thus gathered, TechNavio analysts have
provided a comprehensive analysis of the varied aspects of the market. The impact of global
economic conditions and other macroeconomic indicators was also considered when assessing
the market.
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05. Introduction
Starch derivatives are formed through the chemical reaction of raw starch, which contains
hydroxyl groups and various functional groups. Starch derivatives have distinguished
characteristics such as gelatinization, fluid viscosity, fluid paste stability, and chemical resistance.
These derivatives have a wide range of applications in the Food and Beverage, Papermaking,
Pharmaceutical, Personal Care, and Others sectors.
The Global Starch Derivatives market is expected to grow at a steady pace, posting a CAGR of
6.82 percent during the forecast period. In 2014, the APAC region dominated the market, which
accounted for the highest revenue, owing to an increase in the demand from the Food and
Beverage sector. The APAC region was followed by the Americas and Europe.
The Global Starch Derivatives market is driven by several factors. Increased demand for food
and beverage is one of the major drivers of the market. Starch derivatives are environmentfriendly ingredients and are being used widely in the Food and Beverage sector because of high
sugar prices. Extensive use in sweetener conversion is another major driver.
Despite the presence of several factors, the growth of the Global Starch Derivatives market is
curtailed by certain serious challenges. Increased use of gum as a substitute to starch derivatives
is one of the major challenges. Gums are used widely and act as a substitute to starch
derivatives in many sectors such as Food and Beverage, Papermaking, Personal Care,
Pharmaceutical, and Others. The red ocean scenario is also posing a challenge to the growth of
the Global Starch Derivatives market.
Though certain serious challenges exist in the market, the presence of certain trends is expected
to contribute to the growth of the Global Starch Derivatives market. One such trend is the
advances in technology, which help improve the throughput of the process equipment to
reduce costs and maintenance. Intense R&D activities is another emerging trend.
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Exhibit 2:
Market
Segmentation
Type
Application
Geography
Exhibit 3:
Segmentation
by Type
Starch
Sweetener
Maltodextrin
Cyclodextrin
Modified
Starch
Glucose Syrup
Hydrolysates
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Based on application, the Global Starch Derivatives market can be classified as follows.
Exhibit 4:
Segmentation
by Application
Food and
Beverage
Pharmaceutical
Papermaking
Personal Care
Others
Exhibit 5:
Segmentation
by Geography
APAC
Americas
Europe
ROW
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Exhibit 6:
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Bargaining Power of
Suppliers
(Low)
Starch derivative
manufacturers are less
dependent on suppliers as
most of the activities are
done by manufacturers
Bargaining Power of
Buyers
Threat of Substitutes
(Moderate)
Gum can be used as a
substitute for starch
derivatives
Threat of Rivalry
(Moderate)
(Moderate)
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11
Key
The impact of the five forces is graded on the basis of the intensity and duration of their
influence on the current market landscape. The magnitude of the impact has been categorized
as described below:
Low
Moderate
High
- Very high impact, with radical influence on the growth of the market
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Exhibit 7:
Segmentation
by Type
Starch
Sweetener
Maltodextrin
Cyclodextrin
Modified
Starch
Glucose Syrup
Hydrolysates
Exhibit 8:
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Exhibit 9:
Maltodextrin
Cyclodextrin
Hydrolysates
Glucose
Syrup
Exhibit 10:
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14
Exhibit 11:
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Exhibit 12:
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Exhibit 13:
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Exhibit 14:
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Exhibit 15:
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Exhibit 16:
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Exhibit 17:
Personal Care
Others
Source: TechNavio Analysis
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21
Exhibit 18:
and 2019
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Exhibit 19:
(US$ billion)
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Exhibit 20:
billion)
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Exhibit 21:
billion)
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Exhibit 22:
billion)
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Exhibit 23:
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APAC
ROW
Segmentation
by
Geography
Americas
Europe
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and 2019
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Exhibit 26:
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Exhibit 27:
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Exhibit 28:
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Exhibit 29:
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13.1 US
The Starch Derivatives market in the US is witnessing increased adoption of starch derivatives
because of the extensive use in sweetener conversion in the Food and Beverage sector. A major
challenge faced by this market is the increased use of gums as a substitute for starch derivatives.
Though the market is facing certain challenges in the US, it is witnessing growth because of the
presence of certain trends such as advances in technology.
Major Driver
Extensive Use in
Sweetener Conversion
Major Challenge
Major Trend
Advances in
Technology
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13.2 China
China is the largest producer and consumer of starch derivatives in the world. Starch derivatives
are used in the Food and Beverage sector in this country. China has emerged as the leading
manufacturer and exporter worldwide because of the availability of cheap labor, favorable
government policies supported by subsidy packages, and downstream processing capacity
additions. This country is witnessing increased adoption of starch derivatives owing to an
increase in industrial output, consumer consumption, capital investment, and import and export.
The major driver of the market in China is the increased demand from the Food and Beverage
sector.
Major Driver
Major Challenge
Major Trend
13.3 India
In India, starch derivatives are used by many small and medium-sized manufacturers for various
applications, leading to the rapid growth of the market in the country. The market in India faces
a major challenge in terms of maintaining production efficiency. Despite the challenges, the
market is driven by increased demand for food and beverage applications. One of the trends
contributing to the growth of the market in India is a rise in disposable income.
Major Driver
Major Challenge
Maintenance of
Production Efficiency
Major Trend
Rise in Disposable
Income of Consumers
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Details
Customer Segments
Significance Attached
Availability
be readily available
Sector
Papermaking Sector
Low
2
Low
Pharmaceutical
High
Low
Sector
Personal Care Sector
High
Low
Others
Cost
High
1
High
Low
be available at a low
Sector
High
Low
High
price
Papermaking Sector
Pharmaceutical
Low
Low
Sector
Personal Care Sector
Others
High
High
Low
High
Low
High
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Ecofriendliness
be eco-friendly so that
Sector
they
have
Low
High
1
minimal
Papermaking Sector
Low
High
health
Pharmaceutical
Low
Sector
Personal Care Sector
Low
Others
Taste
Sector
products
High
Low
High
High
Low
High
and
Papermaking Sector
Low
product
Pharmaceutical
Low
Sector
Personal Care Sector
Others
High
High
Low
High
Low
High
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Key
The impact of the buying criteria is graded on the basis of the intensity and duration of their
influence on the current market landscape. The magnitude of the impact has been categorized
as described below:
Low
High
- Very high impact, with radical influence on the growth of the market
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38
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in
Low
Papermaking Sector
High
1
Low
Low
High
Low
High
1
Low
High
Pharmaceutical Sector
Low
High
Low
High
1
Low
High
High
Low
High
Driver
Low
in
High
1
Low
Others
Low
High
Low
High
1
Low
High
High
Low
High
Impact on Geography
Driver
APAC
in
Americas
Low
High
1
Low
High
Low
High
Europe
Low
High
1
Low
High
Low
High
Low
High
1
Low
High
Low
High
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Impact on Geography
Driver
ROW
in
Low
High
1
Low
High
Low
High
Key
The impact of the drivers is graded on the basis of the intensity and duration of their influence on
the current market landscape. The magnitude of the impact has been categorized as
described below:
Low
High
- Very high impact, with radical influence on the growth of the market
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41
in
sectors
such
as
Food
and
Beverage,
Papermaking,
Personal
Care,
Pharmaceutical, and Others. The increased use of gums as a substitute is hindering the growth of
the Global Starch Derivatives market.
Red Ocean Scenario
The Global Starch Derivatives market is highly fragmented with the presence of a large number
of small and medium-sized players. With the existence of a large number of vendors in the
market, intense competition is witnessed among these players in terms of pricing and service
offering. These players are focusing on producing starch derivatives at a low rate. Manufacturers
are investing in R&D to provide product differentiation, retain existing customers, and reduce
manufacturing costs. With an increase in imports from China and other countries, the demand
for starch derivatives manufactured in North America is being affected. New plants are also
being set up that manufacture starch derivatives.
Maintenance of Production Efficiency
Certain discrepancies may arise in maintaining the production efficiency of starch derivatives.
Manufacturers find it difficult to meet customer requirements and expectations. Production
processes of starch derivatives need to be streamlined to avoid such discrepancies. Competitors
can differentiate themselves based on quality, efficiency, and price. By maintaining uniform
product efficiency, the end-user experience can be enhanced.
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Key
The impact of the drivers and challenges is graded on the basis of the intensity and duration of
their influence on the current market landscape. The magnitude of the impact has been
categorized as described below:
Low
Moderate
High
- Very high impact, with radical influence on the growth of the market
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Advances in Technology
Advances in Technology
With emerging technological developments and innovations, the demand for starch derivatives
is increasing. Technological innovations are expected to increase the market penetration of
starch derivatives and make them effective in providing better solutions in various end-user
industries. Industrial manufacturers are introducing new variants of starch derivatives that have
various uses in bioethanol and other industrial applications. The effectiveness of these products
through applied technology increases the demand for starch derivatives in the market.
Advances in technology help improve the throughput of the process equipment to lower costs
and maintenance. The equipment is also modified to produce starch derivatives with more
consistent quality and properties.
Intense R&D Activities
Existing market players in the Global Starch Derivatives market are investing heavily in R&D to
differentiate their products from competitor products. Intense R&D activities have led to new
product launches and new product applications. Manufacturers are also investing in R&D to
provide product differentiation, retain existing customers, and reduce manufacturing cost.
Rise in Disposable Income of Consumers
Developing countries have witnessed a rise in income levels, rapid modernization, and an
increase in health concerns, which have contributed to the rise in demand for starch derivative
products. Consumers are moving toward sophisticated lifestyles and have developed the need
for a variety of food and beverage product options worldwide. An increase in the use of starch
derivatives in food and beverage products has led to the growing demand for starch derivatives
in the market.
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Key
The impact of the trends is graded on the basis of the intensity and duration of their influence on
the current market landscape. The magnitude of the impact has been categorized as
described below:
Low
Moderate
High
- Very high impact, with radical influence on the growth of the market
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Exhibit 30:
ADM
Cargill
Roquette
Freres
Tate &
Lyle
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Description
Agrana
Avebe
BENEO
Emsland-Starke
Produces and
worldwide
Grain Processing
Manufactures and
products worldwide
Ingredion Inc
Lasenor
Lipoid
Stern-wywiol Gruppe
markets
of
sugar
potato
markets
and
starch
corn-based
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Company Details
Description
Stock Listings
Ticker Symbol
ADM
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Corn Processing: This segment performs corn wet milling and dry milling activities to form
starches, sweeteners, and other bio products
Agricultural Services: This segment is engaged in buying, storing, cleaning, and transportation
of agricultural commodities such as wheat, rice, oilseeds, oats, barley, corn, and milo, and
resells these commodities as food and feed ingredients, and also as raw materials for the
Food Processing industry
Other: This segment comprises of the remaining operations of the company, basically its
financial business unit
The company owns and leases a wide range of trucks, river barges, trailers, towboats, railroad
tanks, and hopper cars for the smooth transportation of its products to its customers. In addition,
it possesses over 270 processing plants and markets its products in over 140 countries. As of
December 31, 2013, it had a workforce of 31,100 employees. The company's revenue was
US$89,804 million and its R&D expenditure was US$59 million in In FY2013.
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Description
Key Highlights
Key Partnerships
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22.2 Cargill
22.2.1 Key Facts
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The Animal Nutrition and Protein segment provides nutrition products and services to
commercial producers of seafood, beef, dairy, pork, poultry, and pet food. It also provides a full
range of meat and poultry products to food manufacturers, industries, and retailers.
The Food Ingredients and Applications segment focuses on the manufacturing and marketing of
food and beverage ingredients, specialty ingredients, and food applications and services. This
segment provides its products to food manufacturers, food service providers, and retail
industries. It also provides raw materials for animal nutrition and industrial applications.
The Origination and Processing segment focuses on connecting manufacturers of grain,
oilseeds, and other agricultural commodities, with their users. This is done by providing services
for origination, processing, marketing, and distribution. This segment also provides basic and
customized products and farming services to producers.
The Industrial and Financial Services segment provides financial and risk management, capital
management, and asset management services to its customers.
The company offers its products and services to a wide range of end-markets such as the
Agriculture, Commodity Trading and Processing, Food, Animal Health, Energy, Financial, and
Retail industries. Cargill's R&D focuses on the development of novel and innovative products and
solutions with improved efficiency and cost effectiveness. The company's R&D sector has more
than 1,300 employees in 200 locations.
The company classifies its geographies into six segments: North America, the APAC region,
Europe, Latin America, North Africa/Middle East, and Sub-Saharan Africa. The company, along
with its subsidiaries, joint ventures, and affiliates, operates in more than 67 countries, and it has
143,000 employees worldwide. Some of the key subsidiaries of the company are Cargill Cotton,
Cargill Grain & Oilseed Supply Chain, Cargill Sugar, Cargill Sugar & Ethanol Brazil, Cargill Tropical
Palm, Cargill Cocoa & Chocolate Brazil, Cargill Cocoa & Chocolate North America, Cargill Corn
Milling North America, Cargill Foods India, Cargill Foods Brazil, Cargill Foods Turkey, Cargill
Refined Oils Asia Pacific, Cargill Salt, Cargill Malt, Cargill Starches & Sweeteners China, Cargill
Beef, Cargill Case Ready, Cargill Meats Central America, and Cargill Meats Europe.
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Description
Key Highlights
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22.3 Roquette
22.3.1 Key Facts
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Starch Products: Consists of extended range of raw materials such as maize, waxy maize,
amylo maize, wheat, potato, and pea. The company developed specialty starches and is
fine-tuned to meet the requirements of more sophisticated end-users
Polyols: Offers a wide range of polyols that includes sorbitol, maltitol, mannitol, xylitol, and
isosorbide. The company is known as a global leader in polyols
Proteins and their Derivatives: Separates wheat, maize, pea, and potato into their respective
components such as starch, oil, fiber and protein. Apart from the carbohydrate resource,
proteins are certainly among the most valuable derivatives, especially appreciated for their
nutritive value
The company formed its first R&D center in 1951 and since then, it has launched many novel
products, solutions, as well as technologies.
The major end-users of the company's products are the Human Nutrition, Paper and Board,
Fermentation, Chemistry, Pharmacy-Cosmetology, and Animal Feed industries.
The company has a strong geographical presence with 17 operating production units worldwide
located in Europe, the US, and Asia.
The logistics operations of the company are built on three essential pillars: spirit of client service,
expertise and innovation, and flexibility and responsiveness.
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By improving its marketing strategy and research, the company is focusing on expanding its
core business of producing starch and starch derivatives
In order to make customers aware of their health, it is responding to clients demands and
participates in global issues as much as possible
Plans to intensify its development in emerging countries, especially Southeast Asia, India, the
Americas, and Russia
Description
Key Highlights
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Company Details
Description
Stock Listings
Ticker Symbol
TATE
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Bulk Ingredients: Offers a variety of products, including sweeteners consisting of corn syrup,
dextrose, and glucose; industrial starches, ethanol, citric acid, bio-fuels, and acidulants; and
animal feeds such as corn gluten feed and meal
Specialty Food Ingredients: Offers starch-based specialty ingredients that include specialty
corn-based
sweeteners
comprising
KYRSTAR
crystalline
fructose
and
high-intensity
sweeteners, including SPLENDA sucralose, PUREFRUIT monk fruit extract, and TASTEVA stevia
sweetners; texturants such as specialty starches and locust bean gum; health and wellness,
including PROMITOR soluble corn fiber, STA-LITE polydextrose, SODA-LO salt microspheres,
and Promoat beta glucan; and food systems, which include food stabilizer systems and
functional ingredient blend
The company operates in more than 30 locations. It has a network of research centers across
Europe, Southeast Asia, and the Americas. As on March, 31, 2014, the company had 4,523
employees and it invested US$ 44.22 million in R&D. It generated a revenue of US$4.22 billion in
2013.
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Tate & Lyle: Business Segmentation by Revenue 2013 and 2014 (US$ billion)
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Description
Key Developments
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