Expanding Starch Derivatives Market Nearing US$100.8 Billion by 2034 Prediction
The global starch derivatives market is set to experience significant growth by 2034, driven by increasing demand across various sectors such as food, beverages, pharmaceuticals, cosmetics, and industrial applications.
Currently, corn-based starch derivatives lead the market with a 67.2% share, and in 2024, corn also led the raw material segment, holding a 67.2% share. This dominance is primarily due to corn's cost-effectiveness and functional properties.
In the realm of modified starches, companies like Asia Modified Starch Co., Ltd (AMSCO) are making strides. AMSCO has developed high-performance oxidized starch for the paper and textile industries, enhancing adhesive properties. Similarly, Archer Daniels Midland Company (ADM) has introduced novel starch-based texturizers for plant-based meat alternatives, improving mouthfeel and binding.
The food and beverages sector leads the by application segment, capturing a 48.4% share of the market. Companies like Avebe U.A. are contributing to this trend with the introduction of Etenia, a potato-based functional starch for plant-based cheese, offering melt and stretch properties.
Regionally, North America is projected to lead in demand, supported by trends toward gluten-free, vegan, and allergen-friendly products. Asia Pacific and Europe are also significant markets, with Asia showing strong production and supply chain developments, especially in cassava starch derivatives.
The Asia Pacific region is growing rapidly due to rising convenience food consumption in China and India. Europe, on the other hand, holds a strong position in the market due to robust food and cosmetic industries.
By 2034, the market is projected to reach USD 100.8 billion, growing at a compound annual growth rate (CAGR) of 4.7% from 2025 to 2034. The compound annual growth rate for the corn starch market is forecast to be even stronger, growing from $24.06 billion in 2024 to $35 billion by 2035.
The modified cassava starch market is forecast to reach $3.37 billion by 2030 with a CAGR of 6%, fueled by application diversification and technological innovations such as enzymatic modification and automation in production.
Challenges in the market include raw material price volatility, supply chain inconsistencies, and performance limitations in high-heat or shear processes compared to modified starches.
Key players in the starch derivatives market include ADM, Cargill, Roquette, Ingredion, Thai Wah, and Agrana, who pursue growth through collaborations, acquisitions, and technological advancements aimed at capturing greater market share.
The market is evolving with a focus on clean-label, multifunctional, and natural starches, driven by food industry innovations and expanding industrial uses. Emerging regions like the Middle East & Africa and Latin America also show potential for growth.
Agrana Group, for instance, has expanded its production of clean-label starch derivatives, focusing on non-GMO and organic options for the food industry. Maltodextrin, accounting for 34.8% of the starch derivatives market, is another key player in the market.
In conclusion, the starch derivatives market is poised for steady growth, driven by its versatile applications across multiple sectors, including food, pharmaceuticals, packaging, and industrial sectors. The focus on clean-label, multifunctional, and natural starches, along with expanding industrial uses, suggests sustained growth for the market globally through 2034.
[1] Market Study Report LLC, "Starch Derivatives Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2027" [2] Grand View Research, "Starch Derivatives Market Size, Share & Trends Analysis Report By Product (Native, Modified, Specialty), By Raw Material, By Form, By Application, By Region, And Segment Forecasts, 2021 - 2028" [3] Business Wire, "ADM Introduces Novel Starch-Based Texturizers for Plant-Based Meat Alternatives" [4] Food Ingredients First, "Cargill launches SimPure 99400, a starch for dairy alternatives"
In the dynamic global industry, the starch derivatives market is predicted to reach USD 100.8 billion by 2034, with a significant growth in finance driven by versatile applications in sectors like food, pharmaceuticals, and industrial applications. Key players like ADM and Cargill, in the realm of finance and business, are making strides with innovative starch-based products, particularly in the food and beverages sector.
