Sports Good Market Top Players, Global Trends, BusinessOpportunities, and Industry Forecast till 2021
“Increasing adoption of starch and starch derivatives as a natural sweetener in energy drinks and non-carbonated soft drinks will increase market penetration.�
The Global Starch And Starch Product Market is subject to witness a substantial growth due to increase in number of application in different vertical such as packaged foods & beverages, and pharmaceuticals sector. Growing demand for starch derivatives as a thickening agent, stabilizer, emulsifier and binder is expected to drive the growth of market over the forecast period. Increasing consumer awareness in regards to health benefits associated with starch and starch product is propelling market demand further. Changing food habits and growing preference towards healthy appetite, particularly among young population are likely to play critical role in robust market growth, in the recent years. Increasing adoption of starch and starch derivatives as a natural sweetener in energy drinks and non-carbonated soft drinks will increase market penetration. Globally, the market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the starch and starch product market. Starch is considered as a versatile product with a variety for processed food & beverages and pharmaceuticals. Increasing adoption of starch and starch products as thickening agent, binding agent, filler and taste enhancer due to its functional properties are anticipated to boost market demand in the upcoming years. Increasing demand for starch in canned soups, instant dessert mixes, dessert puddings, processed meats, sauces, and bakery products is projected to drive market growth over the next seven years. Starch is also converted into sugar. Thus, numerous manufacturers are using starch derivatives for production of natural sweeteners and syrups.