Bangladesh Starch And Starch Derivative Market

• Bangladesh Starch and Starch Derivative market size is forecast to reach $239.7 million by 2026, growing at a CAGR of 6.1% during the forecast period 2021-2026. Starch is a biopolymer and it exists naturally that is a source of energy. It is a polysaccharide that is made up of glucose. It is derived from cereal grains and from tubers such as Tropicana and potato. Starch derivative is derived by treating starch enzymatically, chemically, and physically and it has various applications in several end use industries. There are several types of starch and starch derivatives that are used in Bangladesh that includes glucose syrup, modified starch, Maltodextrin, and Cyclodextrin among others. Increasing demand for starch derivatives from food processing industries and increasing food processing industries in Bangladesh are the major factors driving the growth of the market

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Key Takeaways

• Increasing usage of ready to eats and increasing consumer inclination towards healthy diets are likely to aid the market growth of the Bangladesh Starch and Starch Derivative Market report.

• Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Bangladesh Starch and Starch Derivative Market report.

• Lack of awareness regarding the starch derivatives and stringent regulations is poised to create the hurdles for the Bangladesh Starch and Starch Derivative Market.

By Distribution Channel- Segment Analysis

Glucose Syrup held the largest share in the Bangladesh Starch and Starch Derivative Market in 2020 and is estimated to grow at a CAGR 6.9% during the forecast period 2021-2026. This is attributed to the various health benefits that are associated with the starch. Glucose syrup is made from the hydrolysis of starch and is highly used in industrial fermentation. Increasing usage of the glucose syrups in confectionary and presence of higher oligosaccharides is increasing the growth of the segment. Maltodextrin is a starchy powder that is white in color. It is added into several foods for improving their flavor, thickness, and shelf life. It is a very common ingredient in pastries, soft drinks, and candies among others.

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