Market Size of North America Starch Derivatives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.60 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Starch Derivatives Market Analysis
North America Starch Derivatives Market is projected to grow at a CAGR of 4.6% during the forecast period (2020-2025).
- 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.
North America Starch Derivatives Industry Segmentation
The North America starch derivatives market is segmented by type into maltodextrin, cyclodextrin, hydrolysates, modified starch, and other types. Based on the source, the market is divided into corn, wheat, and other sources. The market is also fragmented based on the application, including food and beverage, feed, paper industry, pharmaceutical industry, bioethanol, cosmetics, and other industrial applications. The study also involves the analysis of regions such as the United States, Canada, Mexico and the rest of North America.
| By Type | |
| Maltodextrin | |
| Cyclodextrin | |
| Hydrolysates | |
| Modified Starch | |
| Others |
| By Source | |
| Corn | |
| Wheat | |
| Other Sources |
| By Application | |
| Food and Beverage | |
| Feed | |
| Paper Industry | |
| Pharmaceutical Industry | |
| Bioethanol | |
| Cosmetics | |
| Other Industrial Applications |
| Geography | ||||||
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North America Starch Derivatives Market Size Summary
The North America starch derivatives market is experiencing significant growth, driven by the region's abundant corn supply and the increasing awareness of starch functionalities across various industries. The United States, Canada, and Mexico are at the forefront of this expansion, with the food and non-food sectors rapidly adopting starch derivatives for diverse applications. Innovations in starch derivatives, particularly in the food industry, are further propelling demand, especially for ingredients that aid in weight management and offer functional benefits. The versatility of starches, both modified and unmodified, in applications such as gelling agents for confectionery and texturizing agents for chewy candies, underscores their growing importance in the food and beverage sector.
The competitive landscape of the North America starch derivatives market is characterized by the presence of both local and international players, leading to a fragmented market structure. Major companies like Cargill, Archer Daniels Midland Company, and Ingredion Incorporated dominate the market with their extensive product offerings and geographical reach. The United States plays a pivotal role in influencing global corn supply chains and price trends, supported by the low cost of corn starch and abundant raw material availability. Continuous innovation and the development of new starch-based products, such as n-octenyl succinic anhydride-modified starch, are crucial for maintaining competitive advantage. Key players are intensifying their research and development efforts to meet the evolving demands of the end-user industries, further driving market growth.
North America Starch Derivatives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Maltodextrin
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2.1.2 Cyclodextrin
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2.1.3 Hydrolysates
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2.1.4 Modified Starch
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2.1.5 Others
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2.2 By Source
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2.2.1 Corn
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2.2.2 Wheat
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2.2.3 Other Sources
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2.3 By Application
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2.3.1 Food and Beverage
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2.3.2 Feed
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2.3.3 Paper Industry
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2.3.4 Pharmaceutical Industry
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2.3.5 Bioethanol
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2.3.6 Cosmetics
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2.3.7 Other Industrial Applications
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexixo
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2.4.1.4 Rest of North America
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North America Starch Derivatives Market Size FAQs
What is the current North America Starch Derivatives Market size?
The North America Starch Derivatives Market is projected to register a CAGR of 4.60% during the forecast period (2024-2029)
Who are the key players in North America Starch Derivatives Market?
Archer Daniels Midland Company, Cargill, Incorporated, Ingredion Incorporated, Tate & Lyle PLC and Roquette are the major companies operating in the North America Starch Derivatives Market.
