Market Trends of South America Starch Derivatives Industry
This section covers the major market trends shaping the South America Starch Derivatives Market according to our research experts:
Corn Remains a Prominent Segment
Starch made from corn contains only carbohydrates, which is termed as a gluten-free product. Owing to this reason, corn starch is an excellent gluten-free alternative to other starches. Moreover, starch derived from corn is known for its thickening properties. Furthermore, the paper industry utilizes corn starch as filler and sizing material. It also finds application in textile, laundry, foundry, air flotation, and adhesives. While much of the starch is employed in its natural form, it is also easily converted to other forms. In addition, most corn starch is made into starch syrups and the balance is made up of native and modified starches.
Brazil Leads the Regional Market
Brazil has witnessed a significant growth owing to a rise in demand for starch derivatives for convenience foods & beverages. In addition, the functional properties possessed by starch derivatives have also been instrumental in promoting their use in the pharmaceutical, cosmetic, and bioethanol industries in the country. Furthermore, the country is one of the major cassava processors in the region and has the presence of approximately 72 starch manufacturers as of 2017 and can process 21.5 thousand tons of roots per day. In addition, the country's growing consumer market is suitable for more value-added food products, especially infant food, ice cream, and sports drinks driving the demand for starches.
