Market Research Reports : Hexa Research Starch Derivatives Market Share and size | Page 2
Hexa Research
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Glucose syrup led the market in 2014. It was valued at 55.0% in terms of volumes in that
year. It is likely to witness major gains over the forecast peri od. This growth could be
ascribed to rising consumption of desserts, ice creams, processed meats, bakery products,
and sauces.
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Increasing glucose consumption in non-food applications counting adhesives, plywood,
paper, cosmetics, and pharmaceuticals could spur the segment demand further. In
addition, it serves as a volume adding agent, flavor enhancer, texture agent and inhibitor
of sugar crystallization in drinks.
Maltodextrin is projected to observe considerable growth in terms of revenue. It is
expanding at a CAGR of 6.6% over the forecast period. Its growing use in sectors such as
food, cosmetics, pharmaceuticals, paper, textile, construction, and paints & coatings will
attribute to the growth.
Applications in the market consist of food & beverages, cosmetics, paper, pharmaceuticals,
feed, and others. Food & beverages was the leading application segment in 2015. It
contributed more than 60% of the total volumes in the aforementioned year. The segment
is escalating at a lucrative rate on account of growing consumption for convenience and
packaged food in assorted countries including China, India, Brazil, the U.S., Germany, and
Saudi Arabia. Key companies involved in the worldwide starch derivatives market are
Cargill Inc, ADM, Agrana Group Emsland Group, Roquette Frères, and Ingredion
Incorporated.
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