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South America Starch Derivatives Market Size (2024 - 2029)

The South America Starch Derivatives market is experiencing growth driven by the increasing demand for functional food products and clean label ingredients, alongside efforts to reduce production costs. This growth is further supported by a consumer shift towards low-calorie food options, prompting food and beverage companies to incorporate modified starch to meet these demands. As a result, ingredient manufacturers are developing products that help food companies address the rising need for functional and low-calorie offerings, contributing to the expansion of the market size.

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Market Size of South America Starch Derivatives Industry

South America Starch Derivatives Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.41 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

South America Starch Derivatives Market Analysis

South America Starch Derivatives market is projected to grow at a CAGR of 3.41% during the forecast period.

  • The growth in functional food products, clean label demand, and achieving cost reduction in the production process are the major factors driving the applications of starch derivatives such as modified starch.
  • The paradigm shift of consumers towards low-calorie food products is another factor that has resulted in number of food and beverage processing companies to incorporate modified starch to meet the propelling demand of functional/low-calorie food products. Such factors enabled ingredient manufacturers to develop products that can support food companies to cater to the growing demand.

South America Starch Derivatives Industry Segmentation

South America starch derivatives market includes revenue generated through maltodextrin, cyclodextrin, glucose syrups, hydrolysates, modified starch, and others. The report also covers corn, wheat, other sources. By application, the market is segmented into food and beverage, feed, paper industry, pharmaceutical industry, cosmetics, and other industrial applications. Additionally, the study includes market revenue in major countries in the region which includes Brazil, Colombia, and Argentina.

By Type
Maltodextrin
Cyclodextrin
Glucose Syrups
Hydrolysates
Modified Starch
Others
By Source
Corn
Wheat
Other Sources
By Application
Food and Beverage
Feed
Paper Industry
Pharmaceutical Industry
Cosmetics
Other Industrial Applications
By Geography
Brazil
Colombia
Argentina
Rest of South America
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South America Starch Derivatives Market Size Summary

The South America starch derivatives market is experiencing growth driven by several key factors, including the increasing demand for functional food products and clean label ingredients. The shift towards low-calorie food options has prompted food and beverage companies to incorporate modified starches to meet consumer preferences. This trend has enabled ingredient manufacturers to innovate and develop products that support the growing demand for functional and low-calorie foods. Corn starch, in particular, is gaining popularity due to its gluten-free nature and thickening properties, making it a valuable ingredient in various industries such as paper, textiles, and adhesives. The versatility of starch derivatives, including their conversion into starch syrups and modified forms, further enhances their application across different sectors.

Brazil stands out in the region with significant growth in the starch derivatives market, fueled by the rising demand for convenience foods and beverages. The functional properties of starch derivatives have also expanded their use in the pharmaceutical, cosmetic, and bioethanol industries. As a major cassava processor with a substantial number of starch manufacturers, Brazil is well-positioned to meet the demand for value-added food products like infant food, ice cream, and sports drinks. The market is characterized by fragmentation, with key players such as Cargill Inc. and Archer Daniels Midland Company actively expanding their presence through mergers, expansions, and acquisitions to strengthen their market positions in South America.

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South America Starch Derivatives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Maltodextrin

      2. 2.1.2 Cyclodextrin

      3. 2.1.3 Glucose Syrups

      4. 2.1.4 Hydrolysates

      5. 2.1.5 Modified Starch

      6. 2.1.6 Others

    2. 2.2 By Source

      1. 2.2.1 Corn

      2. 2.2.2 Wheat

      3. 2.2.3 Other Sources

    3. 2.3 By Application

      1. 2.3.1 Food and Beverage

      2. 2.3.2 Feed

      3. 2.3.3 Paper Industry

      4. 2.3.4 Pharmaceutical Industry

      5. 2.3.5 Cosmetics

      6. 2.3.6 Other Industrial Applications

    4. 2.4 By Geography

      1. 2.4.1 Brazil

      2. 2.4.2 Colombia

      3. 2.4.3 Argentina

      4. 2.4.4 Rest of South America

South America Starch Derivatives Market Size FAQs

The South America Starch Derivatives Market is projected to register a CAGR of 3.41% during the forecast period (2024-2029)

Archer Daniels Midland Company, Cargill, Incorporated , Tereos S.A and Ingredion Incorporated are the major companies operating in the South America Starch Derivatives Market.

South America Starch Derivatives Report Snapshots

South America Starch Derivatives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)