Global North America Starch Derivatives Market Research Overview 2020-2025: Industry Growth Analysis by Key Players, Types, Applications, Countries, and Forecast.
The North America Starch Derivatives market is expected to register a CAGR of 4.6% over the forecast period 2020 – 2025. This report presents market Size, Share, COVID Impact Analysis and Forecast to 2025. It is comprehensive research with in-depth data and contemporary analysis of North America Starch Derivatives Market at a global, regional and key country level, split by different sub-segments of the industry.
North America leads in the starch and starch derivatives market, due to the wide availability of corn, which has a broad array of food, non-food, and feed applications. Increasing adoption and awareness of the functionalities of starch and its derivatives in food and non-food industries in the countries have led to rapid demand for the ingredients for varied applications primarily countries like United States, Canada, and Mexico.
– A multitude of promising developments and innovations in the starch market is also poised to propel the demand for starch from the food industry in the region. A significant increase in demand for the weight management ingredients or food and functionally varied ingredients.
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Key Market Trends
Increased Utilization 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.
United States Dominates the Market
The major driver for the significant share of the United States starch derivatives market is the increasing consumer expectation for innovation and convenience._ Another major driver for the United States starch derivatives market is the low price of corn starch in the region. The United States also has abundant availability of raw material, thus helping the market to grow further._ The United States has influenced the global supply chain of corn for starch extraction and the resultant price trends. Innovation and developments of new products (such as n-octenyl succinic anhydride-modified starch) and diversified applications of such modified starch products are also a reason for growth.
Consumer confidence will play a big role in how COVID-19 affects the food and beverage industry. Consumers are currently “divided” on whether it is safe to go out to places like restaurants and pubs. Those firms will not be able to reopen and will continue to be vulnerable as long as consumer confidence is low.
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Competitive Landscape
The North America starch derivatives market is highly competitive and revenue share is acquired by several local and international players which leads to a fragmented market. The presence of major players operating in the country, such as Cargill, Archer Daniels Midland Company, and Ingredion Incorporated, has strengthened the market through their product offerings. The major global players have vast product lines and geographical reach, which give them an upper hand. Continuous innovation to introduce new products, with functional benefits is the key competitive factor in the market, and key players have thus intensified their research and development efforts, in order to develop innovative products based on the requirements of the end-user industry.
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All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply-chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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