Elite World Istanbul Hotel
In a report by RnR Market Research, it's estimated that the starch derivatives market will grow at a rate of 6.2% from 2014 to 2019. The extensive growth rate is attributed to the technological advancements in the industry that are expanding the applications of starch derivatives.
It's expected that the global starch market will grow at a modest rate between 2014 to 2019 with the growth rate likely to reach higher levels in five years, due to more R&D in the field.
Starch derivatives are widely used in the food & beverages sector, as thickener, stabilizer, etc., thus the growing food industry is contributing to the demand for starch derivatives.
Apart from the growth of food industry, rise in disposable incomes is another growth driver for the starch derivatives sector. Current estimates reveal that among various types of starch derivatives, glucose syrup hold a major market share, whereas, maltodextrin is expected to grow at the fastest rate.
The report further reveals that major players are using a strategy of launching new products in a short span of time and expanding the already-existing utilities. Many of them are also investing in R&D, to stay ahead of competitors. Cargill Inc. (U.S.), ADM (U.S.), Ingredion (U.S.), Penford (U.S.), Tate & Lyle (U.K.), and Roquette (France) are some of the market leaders identified in the report.
More on starch derivatives will be discussed at Starch World Mideast (Starch Derivatives, Sweeteners & Polyols) opening on 4-5 November, 2014, in Istanbul.
Contact Ms. Huiyan at email@example.com or call +65 6346 9113 for more details.