The global starch derivatives market size was US$ 51.1 billion in 2021. The global starch derivatives market is forecast to grow to US$ 81.5 billion by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030. 
Starch derivatives play an essential role as a thickener and stabilizer in the food and beverage industry, binding agent in the pharmaceutical industry, and emulsifier in the cosmetics industry. Starch derivatives are considered efficient for pH stability improvement, and shear stability, acid stability, etc.

Factors Influencing the Market
Growing funding by governments for starch derivatives will fuel the growth of the starch derivatives market. In addition, other factors like rapidly rising population, growing demand for convenience foods and beverages, etc., will fuel the demand for starch derivatives during the forecast period. 
The fact that starch holds immense importance due to its application in glue processing, textile finishing, weaving, bio-fuel, fermentation, etc., will propel the starch derivatives market forward. In addition, demand for personal care products is growing steeply, owing to rising consumer awareness, increasing disposable income, etc. As a result, it will benefit the starch derivatives market during the analysis period. 
Rapid industrialization in emerging economies like China and India will also drive the demand for starch derivatives. Further, increasing middle-class purchasing capacity and rising spending on healthcare will also benefit the starch derivatives market during the analysis period. On the flip side, variation in raw material costs may limit the market growth during the analysis period.

COVID-19 Impact Analysis
The COVID-19 pandemic hampered the demand for starch derivatives from the cosmetics segment. However, the healthcare, food & beverage, and other sectors witnessed a substantial boom in terms of revenue. As a result, it has been opportunistic for the starch derivatives market. Consumer spending in healthcare also increased substantially, which brought opportunities for the starch derivatives market.

Regional Analysis
The Asia-Pacific starch derivatives market is forecast to record significant growth, owing to the rising demand for processed food, increasing healthcare spending, and growing disposable income. Changing lifestyle of people is significantly upsurging the demand for ready-to-eat meals. As a result, it will benefit the starch derivatives market during the forecast period. Apart from that, booming pharmaceutical and food and beverage industries will unveil lucrative growth opportunities for the market throughout the forecast timeframe. The market is expected to witness significant growth potential due to the growing population of the region during the study period.

Competitors in the Market
• Archer Daniels Midland Company
• Cargill Incorporated
• Royal Avebe U.A (Avebe Nutrition)
• Ingredion Incorporated
• Beneo
• Roquette
• Tate & Lyle PLC
• Other Prominent Players

Market Segmentation
The global starch derivatives market segmentation focuses on Product, Raw Material, Application, and Region. 
By Product:
• Maltodextrin
• Glucose syrup
• Cyclodextrin
• Hydrolysates
• Modified starch
• Others
By Raw Material:
• Corn
• Cassava
• Potato
• Wheat
By Application:
• Food & beverages
• Cosmetics
• Paper
• Pharmaceuticals
• Feed
• Others
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America