According to Persistence Market Research, the global acetylated distarch adipate market will witness a CAGR of 4.5% between 2021 and 2031.
Acetylated distarch adipate is being widely used in the form of a bulking agent, stabilizer, and thickener Also, it works well when stability at high temperature is required. The personal care and cosmetics vertical, along with the pharmaceutical industry are also into using acetylated distarch adipate as it acts as proper encapsulation agent, conforming agent, and adherents.
How does the dispersion of Acetylated Distarch Adipate market go about?
The global acetylated distarch adipate market, by source, spans tapioca, maize, wheat, and potato. Application-wise, it’s food (bakery & confectionery, frozen, canned foods, dried food products, and pet food), pharmaceutical, textile, and paper & pulp. Out of these, though food and beverage sector holds the largest share as of now, the healthcare sector is expected to take over going forward.
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North America holds the largest market share. This could be attributed to an extensive demand for acetylated distarch adipate for improving the stability and quality of food products at higher temperatures. In Europe, the situation is such that the key participants manufacture 300 to 400 products under the category of “Modified Starch”. Numerous animal feeds also use acetylated distarch adipate. The Asia-Pacific stands second as of now, and is expected to take over in the upcoming period.
LATAM is also expected to pick up pace in the upcoming period. Research states that LATAM will account for close to 21% of market share in the near future.
The key players in the acetylated distarch adipate market include Ingredion Inc., Tate & Lyle Plc, Archer Daniels Midland Company, SUDSTARKE GmbH, Roquette Freres S.A., Venus Starch Suppliers, Agrana Beteiligungs AG, and Hasal Tarim Urunleri Sanayi Ve Ticaret Limited. The players are onto the inorganic mode of expansion to strengthen their foothold amidst cutthroat competition. Smaller players are emphasizing on organic growth too make a mark for themselves in the acetylated distarch adipate market. Also, various permutations and combinations are being tried out to facilitate this organic growth. In all, it could be inferred that new entrants are likely to keep the participants on the toes in the upcoming period.
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The Road Further
With an ever-increasing demand for family-sized, frozen lasagne or fresh-tasting, crunchy Asian meal, modified starches like acetylated distarch adipate would continue to witness an escalation in the forecast period.