Latin America Starch Derivatives Market – Forecast(2021 – 2026)

 Latin America Starch Derivatives Market OverviewStarch derivatives are produced when hydroxyl group of raw starches undergo chemical reaction with functional groups. Starch derivatives have a broad range of functional properties and find use in a variety of applications. They are produced by treating native starch enzymatically, chemically, or physically. The native starch is modified to enhance its properties. The market is propelled by the increasing application of starch derivatives as a base in the food and pharmaceutical industries. The Latin America Starch Derivatives Market is estimated to grow at a CAGR of 5.83% during the forecast period 2018–2023. Food and Beverages is the fastest growing market with a CAGR of 5.57% owing to the increasing natural sweetener demand in the industry. Brazil dominates the Latin America Starch Derivatives Market and is estimated to main its dominance during the forecast period 2018–2023. 
Latin America Starch Derivatives Market OutlookStarch derivatives find applications in multiple industries such as food & beverage, cosmetics, paper, animal feed, bio-ethanol, and pharmaceutical. In the cosmetics industry starch derivatives play an important role in maintaining the viscosity the have several benefits such as providing film-forming properties to formulations like cleansing products, body washes, masks and protective lotions. It also provides stability under a wide range of pH, shear and heating conditions. It plays a significant role in improving the quality of products and enhancing the viscosity rate and stability in certain substances. Modified starch is used as a thickener as it provides stable viscosity and homogeneity under varying pH conditions, as well as freezing and high heat conditions. It is also used as a food additive in soft drinks and candies. Hydrolysates are used as both sweeteners in the F&B industry and as a humectant (moisture-retaining ingredient) in the cosmetic industry. According to IndustryARC findings, Glucose Syrup will hold the largest market share during the forecast period. The economic impact of usage of corn in the production of ethanol is huge and has impacted the prices drastically.

Latin America Starch Derivatives Market Growth DriversStarch derivatives offer numerous functional benefits in food and non-food applications. Owing to the advancements in technology and availability of several modification techniques, the industry has developed a variety of starch derivatives for their use in a wide range of applications. Driven by the increasing penetration of retail chains and consumers’ preference towards convenience food over home-made food in the region, the use of starch derivatives in packaged food production is estimated to soar in the coming years. The low-calorie foods market has been flourishing with the escalating demand from obese population. Driven by the increasing demand for low-calorie foods coupled with growing popularity of modified starch as fat replacer, the demand for these ingredients is estimated to rise in the coming years.
Latin America Starch Derivatives Market ChallengesThe volatility in raw material availability and prices negatively impact the Latin America Starch Derivatives Market, around 65% of the starch and its derivatives is derived from corn. As the market for alternative fuel boomed in the recent year, the prices of yellow corn raised tremendously leading to high procurement costs in the starch industry. The starch derivatives ingredients have been facing stiff competition from specialized ingredients that are specific for limited applications which offer similar benefits. 

 Latin America Starch Derivatives Market Research ScopeThe base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Latin America Starch Derivatives market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the Latin America Starch Derivatives market by type, and the sources of these starch derivatives.
Latin America Starch Derivatives Market Report: Industry Coverage
By Types: Maltodextrin, Cyclodextrins, Glucose Syrup, Hydrolysates, and Modified Starch
By Application: Food and Beverages, Cosmetics, Pharmaceuticals, Animal Feed, Bio-Ethanol, Paper, and Others
Latin America Starch Derivatives market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

  • Latin America: Brazil, Mexico, Argentina, Peru, Colombia, Chile and Rest of Latin America

Latin America Starch Derivatives Market Key Players Perspective:Archer Daniels Midland, Corn Processing business president, Chris Cuddy said “One of the key elements of our strategy to grow shareholder value is the expansion and diversification of our global sweetener and starch capabilities,” in his forward looking statements and added “With our significant and growing footprint, we are looking forward to efficiently serving sweetener and starch customers throughout Europe.”Some of the other key players mentioned in this report are Cargill, Roquette, among many others.
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Latin America Starch Derivatives Market Trends

  • The demand for glucose syrup has increased over the years. Glucose syrup is extensively used in the production of sucrose-based therapeutic syrups. These syrups often comprise high quantities of sucrose and have the tendency to crystallize over time. The shelf life of these antiseptic syrups can be enhanced tremendously by adding glucose syrup as the polysaccharide part of the glucose syrup, which acts as an anti-crystallizing agent. Moreover, they also provide viscosity in liquid formulations. 
  • Starch is used in three main areas, namely wet end, surface sizing, and paper coating during the paper making process. Modified starch is used in surface sizing because of its good film forming characteristic and reduced tendency to retro gradation. According to RISI, the per capita paper consumption in the Latin American region was 46 kilograms in 2016 and Latin America captured approximately 5% of the paper production globally during the same year. 

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