The global starch derivatives market size is estimated to be valued at USD 50.9 billion in 2020 and is projected to reach USD 61.5 billion by 2025, recording a CAGR of 3.9% during the forecast period in terms of value. The demand for starch derivatives is increasing significantly, as they are used across various industrial applications.
Key players in this market include Archer Daniels Midland Company (US), Cargill (US), Ingredion (US), Tate & Lyle (UK), Roquette Frères (France), Grain Processing Corporation (US), Global Sweeteners Holdings Ltd. (Hong Kong), AGRANA (Austria), Gulshan Polyols (India), Fooding Company Limited (China), Foodchem International Corporation (China), Tereos (France), Molinos Juan Semino SA (Argentina), JP & SB International (Spain), and Gujarat Ambuja Export (India). ShreeGluco Biotech Private Ltd. (India), Varun Industries (India), Shubham Starch Chem Pvt. Ltd. (India), Matsutani Chemical Industry Co., Ltd. (Japan), Sanstar Bio-Polymers Ltd. (India), Jay Sardar Starch & Gum Consultant (India), B Food Science Co., Ltd. (Japan), Tirupati Starch & Chemicals Ltd. (India), Sinofi Ingredients (China), and Nagase & Co., Ltd. (Japan).
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The core strength of the key players is strategic expansions, which are undertaken to enhance their presence in the starch derivatives market. Companies are expanding their production facilities as well as R&D to develop starch derivatives products with more functional properties, suitable for more applications. Such strategies are expected to maximize market share and increase their overall customer base. Players are adopting the mergers & acquisition strategy to improve their distribution network, gain a stronger foothold, and enhance their market share.
Archer Daniels Midland Company (ADM) (US) is a wholly integrated food business that includes sourcing, processing, manufacturing, and distribution of its products. The company possesses a well-established distribution network of local and international suppliers and distributors in the US and international markets, which helps it to manufacture and deliver quality products at reasonable prices. The company also has a dedicated team to work in collaboration with regional, national, and international contractors and suppliers, which offers its strategic expertise in the market. The company is striving to maintain its leading position in the modified starch market. The company is focusing on the geographic expansion & sourcing, marketing, and selling its starch products.
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Cargill (US) is a leading privately-owned company for food, agricultural, and industrial products. It is present in diversified markets, which helps it minimize business risks and dependency on any particular business. The company has a strong product portfolio and brand image, which enable it to strengthen and maintain its position in the starch derivatives market. It has strong R&D capabilities and also offers customized products to meet the market demands.
