Hydroxypropyl Distarch Phosphate Market Expected To Total
DUBAI, United Arab Emirates, Jan. 31, 2022 (GLOBE NEWSWIRE) — The world Hydroxypropyl Distarch Phosphate Market was valued at ~US$1.8 billion in 2022 and is expected to spread at a CAGR of ~5.8% during the forecast period 2022-2029. This growth is mainly due to the increasing consumption of hydroxypropyl distarch phosphate in several end-use industries such as food, cosmetics and pharmaceutical.
|Estimated Hydroxypropyl Distarch Phosphate Market Size 2022||US$1.8 billion|
|CAGR Based on Hydroxypropyl Distarch Phosphate Market Value (2022-2029)||~5.8%|
|Hydroxypropyl Distarch Phosphate Market Size in 2029 Projected||US$2.6 billion|
A new market research report from Future Market Insights on the Hydroxypropyl Distarch Phosphate Market includes 2014-2021 Global Industry Analysis and 2022-2029 Opportunity Assessment. The report examines the Hydroxypropyl Distarch Phosphate market and provides key insights for the forecast period 2022-2029.
According to the findings of the report, the global hydroxypropyl distarch phosphate market is expected to witness substantial growth throughout the forecast period owing to numerous driving factors such as increasing demand for processed foods globally world.
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According to IMF analysis, major manufacturers are focusing on identifying and exploiting white spaces in the application of Hydroxypropyl Distarch Phosphate. Furthermore, market consolidation in developing Asian countries is likely to remain the key to gaining a distinct competitive advantage, owing to the significant growth of the cosmetics industry in the region.
Growing attractiveness of the East Asian market
In terms of value, East Asia is expected to witness lucrative growth in the global hydroxypropyl distarch phosphate market over the forecast period. East Asia is expected to be a dominant region in the global hydroxypropyl distarch phosphate market. The large population and increasing purchasing power of residents is driving the processed food market in Asian countries. The high GDP growth of India and China has been observed over the past few years and is expected to continue over the forecast period.
Moreover, high growth economies create opportunities for the food industry to grow at a good pace. Growth in food consumption will ultimately reflect growth in food additives. Hydroxypropyl distarch phosphate is consumed in large amounts in processed foods. Hence, strong growth in processed food industry is expected to drive the growth in demand for Hydroxypropyl Distarch Phosphate.
The food industry will remain a major consumer of hydroxypropyl distarch phosphate
Globally, the Hydroxypropyl Distarch Phosphate market has been segmented on the basis of grade, application, end-use, and regions.
- On the basis of grade, the global hydroxypropyl distarch phosphate market is segmented into Halal and Vegan. The halal segment should represent more than 3/4and share of the total Hydroxypropyl Distarch Phosphate market value throughout the forecast period. Growing consumer attention on various standards and certifications regarding halal and vegan products is expected to drive the growth of the global hydroxypropyl distarch phosphate market in the coming years
- On the basis of application, the global hydroxypropyl distarch phosphate market is segmented into anti-caking agent, emulsifier, stabilizer and thickener. The thickeners segment is expected to account for a major share of the global hydroxypropyl distarch phosphate market throughout the forecast period. Growing demand for thickener in processed foods is expected to drive the demand for Hydroxypropyl Distarch Phosphate in the food industry across the globe
- On the basis of end use, the global hydroxypropyl distarch phosphate market is segmented into food, cosmetics and pharmaceuticals. The food industry is expected to witness lucrative growth and a dominating segment in the global hydroxypropyl distarch phosphate market throughout the forecast period. An increased demand for hydroxypropyl distarch phosphate has been observed in industrial applications in the cosmetics, pharmaceutical and food industries. Hydroxypropyl distarch phosphates are mainly used as a thickener, emulsifier and stabilizer in these industries.
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|Historical data available for||2022-2029|
|Market analysis||Units for volume and billions of US dollars for value|
|Key regions covered||North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East and Africa.|
|Main countries covered||United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic countries, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, Africa North, South Africa, others .|
|Key Market Segments Covered||Product quality, application, end use and region|
|Profiled Key Companies||• Sanofi ingredients
• Tate & Lyle
• Ingredion Incorporated
• MGP Ingredients, Inc.
• Cargill Foods
• Shanghai Yu Tao Industrial Co., Ltd.
• Green Stone Swiss Co., Ltd.
• BOC Sciences
• Camden-Grey Essential Oils, Inc.
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Hydroxypropyl Distarch Phosphate Market: Vendor Insights
The report highlights some of the major market players who are well-known leaders of the global Hydroxypropyl Distarch Phosphate market. Some examples of key players in the global hydroxypropyl distarch phosphate market include Sinofi Ingredients, Tate & Lyle, Ingredion Incorporated, MGP Ingredients, Inc., Cargill Foods, Shanghai Yu Tao Industrial Co., Ltd., etc. The phosphate market is highly fragmented with a number of players holding market share.
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