STARCH DERIVATIVES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America has established itself as a dominant region in the global starch derivatives market over the years with 39.8% of the market share. The market is driven by strong demand from key end-use industries such as food and beverages, paper making, and pharmaceuticals. Countries like the U.S. and Canada have a huge food processing industry which consumes starch derivatives like glucose syrup, maltodextrin, and hydrolyzed starch on a massive scale. The presence of leading global manufacturers in the region who have since long established production facilities catering to local demand has further cemented North America's leadership position. Moreover, North America also has a large pharmaceutical industry that relies on native and modified starches for various applications.

Asia Pacific has emerged as the fastest growing regional market for starch derivatives in recent times on account of robust economic growth and rising population in countries such as China, India, and Indonesia. Rapid industrialization and urbanization have propelled the demand from construction, packaging, and various process industries. Moreover, the food processing sector in Asia Pacific has also expanded significantly over the last decade to meet the needs of a burgeoning middle class. This has provided a significant boost to starch derivative consumption. Countries like China and India also have large native starch production capacities and are emerging as key exporters. Meanwhile, other South Asian nations are witnessing strong growth in starch derivative imports to meet the gap between local demand and supply.