Market Trends of Brazil Starch Derivatives Industry
Glucose Syrups witnessed a Significant Growth
The glucose syrups segment is expected to witness significant gains over the forecast period, owing to the rising consumption of ice creams, desserts, bakery products, processed meats, and sauces. Increasing glucose consumption in non-food applications, including cosmetics, pharmaceuticals, adhesives, textiles, paper, and plywood is expected to propel the demand. In addition to this, it serves as a flavor enhancer, volume adding agent, texture agent, and inhibitor of sugar crystallization in drinks, which, in turn, is boosting the market studied.
Pharmaceutical Industry is Fastest Growing Segment
Pharmaceutical is expected to expand significant growth during the forecast period due to high disposable income and improvement in healthcare infrastructure. In addition to this, the growing pharmaceutical industry in the Americas and across the country is predicted to offer substantial opportunity over the forecast period. Moreover, starch is widely used in the cosmetics industry for numerous applications, including creams, lotions, shaving gels, bath products, and body powders. Growing inclination toward the usage of natural cosmetics is expected to propel the demand for starch derivatives in Brazil.
