North America Starch Derivatives Market is projected to grow at a CAGR of 4.6% during the forecast period (2020-2025).
- North America leads in the starch and starch derivatives market, due to the wide availability of corn, which has a broad array of food, non-food, and feed applications. Increasing adoption and awareness of the functionalities of starch and its derivatives in food and non-food industries in the countries have led to rapid demand for the ingredients for varied applications primarily countries like United States, Canada, and Mexico.
- A multitude of promising developments and innovations in the starch market is also poised to propel the demand for starch from the food industry in the region. A significant increase in demand for the weight management ingredients or food and functionally varied ingredients.
Key Market Trends
Increased Utilization in Food and Beverage
Starch derivates have several applications in the food and beverage sector. Both modified and unmodified starches can act as gelling agents in confectionery applications. Several gelling starches (derived from maize and potato) are being used to partly replace/complement gelatin in gummy-type candies, in which a softer, less chewy/elastic consistency is wanted. Starches and starch-based offerings are also being used to texturize chewy-type candy. Resistant or indigestible starch is emerging as a functional ingredient in processed food products, due to its functionality that includes acting as a soluble fiber, which can be added to a number of foods to improve the texture and decrease the rate at which sugar enters the blood from digestion.
United States Dominates the Market
The major driver for the significant share of the United States starch derivatives market is the increasing consumer expectation for innovation and convenience.? Another major driver for the United States starch derivatives market is the low price of corn starch in the region. The United States also has abundant availability of raw material, thus helping the market to grow further.? The United States has influenced the global supply chain of corn for starch extraction and the resultant price trends. Innovation and developments of new products (such as n-octenyl succinic anhydride-modified starch) and diversified applications of such modified starch products are also a reason for growth.
The North America starch derivatives market is highly competitive and revenue share is acquired by several local and international players which leads to a fragmented market. The presence of major players operating in the country, such as Cargill, Archer Daniels Midland Company, and Ingredion Incorporated, has strengthened the market through their product offerings. The major global players have vast product lines and geographical reach, which give them an upper hand. Continuous innovation to introduce new products, with functional benefits is the key competitive factor in the market, and key players have thus intensified their research and development efforts, in order to develop innovative products based on the requirements of the end-user industry.
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1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.4 Modified Starch
5.2 By Source
5.2.3 Other Sources
5.3 By Application
5.3.1 Food and Beverage
5.3.3 Paper Industry
5.3.4 Pharmaceutical Industry
5.3.7 Other Industrial Applications
5.4.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Archer Daniels Midland Company
6.4.2 Ingredion Incorporated
6.4.3 Tate & Lyle PLC
6.4.5 Cargill, Incorporated
6.4.6 Royal Avebe U.A
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.