Bangladesh Starch and Starch Derivative Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Bangladesh Starch and Starch Derivatives Market is Segmented by Application (Textile, Food and Beverage, Paper and Corrugation, Pharmaceuticals, and Other Applications). For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

Bangladesh Starch and Starch Derivative Market Size

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
View Global Report
Bangladesh Starch And Starch Derivatives Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.21 %
Market Concentration Low

Major Players

Bangladesh Starch And Starch Derivatives Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Bangladesh Starch and Starch Derivative Market Analysis

The Bangladesh starch and starch derivatives market is projected to register a CAGR of 6.21% during the forecast period.

  • The country's growing textile and food and beverage industry primarily drives the market. With the growth in the textile industry, the application of tapioca and maize starch is also expected to rise. Additionally, the increasing use of starch and starch derivatives in the country is fuelling the demand for modified starch.
  • A wide range of applications of modified starch in the food industry drives demand for modified starch. For instance, modified starch has several functional advantages in various food products, including baked goods, snacks, beverages, and nutritional foods. Rising consumer demand for healthier food options will boost demand for modified starch during the forecast period.
  • According to the United States Department of Agriculture-Foreign Agricultural Service (USDA-FAS) report in 2022, 85% of the total corn produced in the country was harvested in the winter season. Also, the report estimated that about 90% of the total corn produced in the country was used to make starch and flour. Additionally, the country is importing corn and other starch products due to the rising textile and food & beverage demand.

Bangladesh Starch and Starch Derivative Market Trends

Food and Beverage is the Fastest Growing Segment

  • The food processing sector in Bangladesh comprises fruits and vegetables, cereals, bakery and confectionery, pulses, oilseeds, dairy, carbonated beverages, fruit juices, and other food items. There is a significant increase in demand for all forms of ready-to-eat or convenience food and beverage products, owing to Bangladesh's increasingly busy lifestyles and rising working population. The food processing industry is expected to grow significantly and generate new opportunities for investment and exports for 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 starch among food and beverage manufacturers in the country.
  • According to the food consumption survey conducted by the Food and Agriculture Organization (FAO) in Bangladesh, young children are provided with starchy food prepared with sago, semolina, rice, and noodles. Such factors have propelled the demand for starch and starch derivatives over the recent past, thus, driving the market's growth.
Bangladesh Starch And Starch Derivatives Market: Starch and Starch Derivatives: Import value of Maize, in USD Thousands, Bangladesh, 2018-2021

Textile Industry Holds the Dominant Share

  • Developing countries, like Bangladesh, are dependent on their textile industries. The textile industry forms the second-largest industry in Bangladesh, after agriculture, as it generates 75% of the employment in the country. The majority of the garment workforce includes female workers. Bangladesh is highly dependent on textiles and clothing for merchandise exports (83.5%). The consumption of starch has also increased for the printing and finishing of manufactured garments. 
  • For instance, tapioca starch is used in the treatment of yarn before weaving. As a result, tapioca production has increased in recent years in Bangladesh. The production of cornstarch has increased massively in the country due to its multiple functions, such as for thickening and as an adhesive. These properties of starch make it an essential ingredient in the textile industry. Thus, the growth of starch and its derivatives is parallel to the textile production in the country.
Bangladesh Starch And Starch Derivatives Market: Starch and Starch Derivative Market: Number of Establishments in Textile Industry, In thousands, Bangladesh, 2021

Bangladesh Starch and Starch Derivative Industry Overview

Bangladesh is a low-income, developing, and import-dependent country. Starch and starch derivatives are imported from India, Vietnam, Thailand, Pakistan, Germany, and a few other countries. The key global players in the market include Cargill Inc., KMC, and Gulshan Polyols Pvt. Ltd., while local prominent players in the market include Maize Advanced Agro Refinery, Bangladesh Maize Products Limited, and Flamingo Agro Tech Limited (FATL).

Bangladesh Starch and Starch Derivative Market Leaders

  1. Cargill, Incorporated

  2. Gulshan Polyols Limited

  3. KMC

  4. JTA Group

  5. FLAMINGO AGRO-TECH LTD

*Disclaimer: Major Players sorted in no particular order

Bangladesh Starch And Starch Derivatives Market Concentration
Need More Details on Market Players and Competitors?
Download PDF

Bangladesh Starch and Starch Derivative Market News

No Recent Developments were Found Pertinent to the Market Studied.

Bangladesh Starch and Starch Derivative Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables and Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Textile

      2. 5.1.2 Food and Beverage

      3. 5.1.3 Paper and Corrugation

      4. 5.1.4 Pharmaceuticals

      5. 5.1.5 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Positioning of Players

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Cargill Inc.

      2. 6.3.2 Gulshan Polyols Limited

      3. 6.3.3 KMC

      4. 6.3.4 JTA Group

      5. 6.3.5 FLAMINGO AGRO-TECH LTD

      6. 6.3.6 Biswas Agro

      7. 6.3.7 Maize Advanced Agro Refinery

      8. 6.3.8 Paperex BD

      9. 6.3.9 Bangladesh Maize Products Limited

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. ABOUT US

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Bangladesh Starch and Starch Derivative Industry Segmentation

Starches are basically polymeric carbohydrates playing a vital role in the human diet. It is renewable and biodegradable material primarily extracted from agricultural commodities. Starches contribute to textural improvements, moisture control, and stabilization in food processing applications. Modified starch or starch derivatives are an altered form of starches with a high degree of processability. 

The Bangladesh starch and starch derivatives market is segmented on the basis of application. By application, the market studied is segmented into textile, food and beverage, paper and corrugation, pharmaceuticals, and other applications. 

For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

Application
Textile
Food and Beverage
Paper and Corrugation
Pharmaceuticals
Other Applications
Need A Different Region Or Segment?
Customize Now

Bangladesh Starch and Starch Derivative Market Research FAQs

The Bangladesh Starch and Starch Derivative Market is projected to register a CAGR of 6.21% during the forecast period (2024-2029)

Cargill, Incorporated, Gulshan Polyols Limited, KMC, JTA Group and FLAMINGO AGRO-TECH LTD are the major companies operating in the Bangladesh Starch and Starch Derivative Market.

The report covers the Bangladesh Starch and Starch Derivative Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bangladesh Starch and Starch Derivative Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Bangladesh Starch and Starch Derivative Industry Report

Statistics for the 2024 Bangladesh Starch and Starch Derivative market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bangladesh Starch and Starch Derivative analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Bangladesh Starch and Starch Derivative Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)