Global Starch Derivatives global market 2024, Forecast To 2033

The starch derivatives market has demonstrated steady growth, progressing from $62.31 billion in 2023 to $65.41 billion in 2024, with a compound annual growth rate (CAGR) of 5.0%. This growth in the historical period is attributed to the increased demand in the food and beverage industry, the expansion of the processed food industry, rising consumer awareness about health and nutrition, the availability and accessibility of raw materials, and adherence to government regulations and policies. Looking ahead to 2028, the market is expected to experience strong growth, reaching $80.51 billion at a CAGR of 5.3%. The forecasted growth is attributed to the increasing applications of starch derivatives in non-food industries such as pharmaceuticals and textiles, a growing demand for clean label and natural ingredients, the rising adoption of plant-based and gluten-free diets, the influence of emerging markets and urbanization, and the boost in disposable income. Key trends in this forecasted period include the development of functional and specialty starches, sustainable sourcing and production, continuous research and development, customization, and tailored solutions, along with technological advancements in processing.