Market Trends of Asia-Pacific Starch Derivatives Industry
This section covers the major market trends shaping the APAC Starch Derivatives Market according to our research experts:
Textile Industry: Growth Engine of Starch Utilisation
The main use of starch and starch derivatives is for sizing yarns of pure cotton and its blends with other fibers. For these yarns, a large number of sizing formulations are used which consist either exclusively or principally of starch or starch derivatives.
Considering this fact, the developing countries in the region like India, China, and Bangladesh, are dependent on the textile industry in the country, which is expected to increase the application of starch derivatives in the country. The consumption of starch is also increased for the printing and finishing of manufactured garments.
The production of cornstarch has increased massively in the country like Bangladesh, due to its multi-functionalities, such as thickening and adhesive. These properties of starch make it an essential ingredient for the textile industry. Thus, the growth of starch derivatives is paralleled to the growing textile production in these Asian countries.
Growing Food Processing Sector
The food processing sector in Asian countries comprises of processing of fruits and vegetables, cereals, bakery and confectionary, pulses, oilseeds, dairy, carbonated beverages, fruit juices, and other food items.
There has been a significant increase in the demand for all forms of ready-to-eat or convenience food and beverage products, owing to increasingly busy lifestyles and the rising working population in countries like India and Japan. The food processing industry is expected to have significant growth and generate new opportunities for investment and exports for the country thus increasing the application of starch derivatives in the country. The use of modified starch as a stabilizer, thickening agent, and emulsifier in manufacturing bakery, confectionery, noodles, and other convenience food products is fuelling the demand for derivative starch among food and beverage manufacturers in these Asian countries.
According to the food consumption survey conducted by the Food and Agriculture Organization of the United Nations (FAO) in Bangladesh in 2018, young children in the country are provided with starchy food prepared with sago, semolina, rice, and noodles. The rising trend of starch derivatives in these developing Asian country is fuelling the demand for modified starches. Modified starch helps in improving the stability of starch and starch derivatives products.
