Market Size of China Starch Derivatives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 8.50 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
China Starch Derivatives Market Analysis
The Chinese starch derivatives market is projected to register a CAGR of 8.5% during the forecast period.
- With the evolving market scenario for starch and starch derivative, the demand for various applications in the food and non-food sectors plays a key role for suppliers, as well as the manufacturers.
- The most stimulating and favorable applications of all the sectors are the high-value food processing industry, where the demand for starches and derivatives is in an emerging stage but records a strong growth rate.
China Starch Derivatives Industry Segmentation
The Chinese starch derivatives market is segmented by type into maltodextrin, cyclodextrin, hydrolysates, modified starch, and other types. Based on the source, the market is divided into corn, wheat, and other sources. The market is also fragmented based on the application, including food and beverage, feed, paper industry, pharmaceutical industry, bioethanol, cosmetics, and other industrial applications.
By Type | |
Maltodextrin | |
Cyclodextrin | |
Hydrolysates | |
Modified Starch | |
Other Types |
By Source | |
Corn | |
Wheat | |
Other Sources |
By Application | |
Food and Beverage | |
Feed | |
Paper Industry | |
Pharmaceutical Industry | |
Bioethanol | |
Cosmetics | |
Other Applications |
China Starch Derivatives Market Size Summary
The Chinese starch derivatives market is experiencing significant growth, driven by increasing demand in both food and non-food sectors. The food and beverage industry, in particular, holds the largest market share, with modified starch and starch derivative products being extensively utilized. The rise in functional food products, the demand for clean labels, and the need for cost reduction in production processes are key factors propelling the use of modified starch in this industry. Additionally, the shift towards low-calorie food products has led to a greater incorporation of modified starch by food and beverage processing companies to meet consumer demands. Starch derivatives are also being used as gelling agents in confectionery applications, offering alternatives to gelatin and enhancing the texture of various food products.
The market is characterized by a consolidated structure, with major players like Cargill, Ingredion Incorporated, and Tate & Lyle PLC dominating the landscape. These companies have strengthened the market through their diverse product offerings and continuous innovation. The focus on developing new products with functional benefits is a key competitive strategy, prompting these global players to intensify their research and development efforts. The presence of such significant players underscores the competitive nature of the market, as they strive to meet the evolving requirements of the end-user industry in China.
China Starch Derivatives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Maltodextrin
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2.1.2 Cyclodextrin
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2.1.3 Hydrolysates
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2.1.4 Modified Starch
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2.1.5 Other Types
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2.2 By Source
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2.2.1 Corn
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2.2.2 Wheat
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2.2.3 Other Sources
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2.3 By Application
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2.3.1 Food and Beverage
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2.3.2 Feed
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2.3.3 Paper Industry
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2.3.4 Pharmaceutical Industry
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2.3.5 Bioethanol
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2.3.6 Cosmetics
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2.3.7 Other Applications
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China Starch Derivatives Market Size FAQs
What is the current China Starch Derivatives Market size?
The China Starch Derivatives Market is projected to register a CAGR of 8.5% during the forecast period (2024-2029)
Who are the key players in China Starch Derivatives Market?
Cargill Incorporated, Ingredion Incorporated, Tate & Lyle PLC, Tereos S.A and Roquette are the major companies operating in the China Starch Derivatives Market.