The global Hydroxypropyl Distarch Phosphate Market was valued at ~ US$ 1.8 Bn in 2022, and is expected to propagate at a CAGR of ~ 5.8% during the forecast period of 2022-2029. This growth is prominently driven by the growing consumption of hydroxypropyl distarch phosphate in the several end use industries such as food, cosmetics, and pharmaceutical.
A new market research report by Future Market Insights on the hydroxypropyl distarch phosphate market includes global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report examines the hydroxypropyl distarch phosphate market and provides key perceptions for the forecast period of 2022-2029.
As per findings of the report, the global hydroxypropyl distarch phosphate market is projected to witness substantial growth throughout the forecast period, owing to numerous driving factors such as intensifying demand for processed food globally.
According to FMI’s analysis, key manufacturers are focusing on identifying and leveraging the white spaces in the application of hydroxypropyl distarch phosphate. Additionally, market consolidation in developing Asian countries is likely to remain a key to gaining distinct competitive advantage, due to significant growth of cosmetic industry in the region.
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Rising East Asia Market Attractiveness
In terms of value, East Asia is projected to consigned lucrative growth in the global hydroxypropyl distarch phosphate market during the forecast period. East Asia is projected to account for dominating region in the global hydroxypropyl distarch phosphate market. Large population and increasing spending power of the residents is driving the processed food market in Asian countries. High GDP growth of India and China has been witnessed in the last few years and is expected to continue during the forecast period.
Moreover, the high growth economies are creating opportunities for food industry to grow at a good pace. Growth in food consumption will ultimately reflect the growth in food additives. Hydroxypropyl distarch phosphate is consumed in processed food in significant quantity. Therefore, high growth in processed food industry is expected to bolster the growth in demand for hydroxypropyl distarch phosphate
Competition Landscape
The global hydroxypropyl distarch phosphate market is highly fragmented with the presence of many small and large scale manufacturers. Most of these manufacturers are focusing on the capacity expansion strategy to produce hydroxypropyl starch phosphate for skin care and cosmetics brands. Meanwhile, some of the other key players are aiming to engage in partnerships and joint ventures to co-develop eco-friendly ingredients for the food and beverage industry worldwide.
For instance,
- In July 2021, Nivea, a personal care brand that specializes in skin and body-care based in Germany, launched WonderBAR Sensitive. It is soap-free, pH optimized and is capable of deep cleaning without stripping the skin. It is formulated with sustainable and natural ingredients, such as distarch phosphate, citric acid, vitis vinifera seed oil, glyceryl oleate, and polyglyceryl-6 caprylate.
- In October 2019, Cream Silk, a manufacturer of a wide range of hair care products and a subsidiary of Unilever Philippines, Inc., launched its new Cream Silk Hydra Fresh range. It is capable of hydrating every hair strand without the sticky or heavy feel. The new range contains two conditioners, namely, Fresh & Bouncy and Fresh & Hydrated. Both products include hydroxypropyl starch phosphate, glycerin, phenoxyethanol, and helianthus annuus (sunflower) seed oil.
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Food Industry to Remain as Significant 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. Halal segment is expected to account for more than 3/4th share of the total hydroxypropyl distarch phosphate market value throughout the forecast period. Increasing focus of consumer on various standards and certification regarding halal and vegan are expected to drive the global hydroxypropyl distarch phosphate market growth in the upcoming years
- On the basis of application, the global hydroxypropyl distarch phosphate market is segmented into anticaking agent, emulsifier, stabilizer, and thickener. Thickener segment is expected to account for prominent share in the global hydroxypropyl distarch phosphate market throughout the forecast period. Increasing demand for thickener in the processed food is projected to boost 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 pharmaceutical. Food industry is projected to witness lucrative growth and dominating segment in the global hydroxypropyl distarch phosphate market throughout the forecast period. Increased demand for hydroxypropyl distarch phosphate has been observed in industrial applications in cosmetics, pharmaceutical and food & beverages industries. Hydroxypropyl distarch phosphates are mostly used as thickener, emulsifier and stabilizer in these industry.
Hydroxypropyl Distarch Phosphate Market by Category
Product Grade:
- Halal
- Vegan
Application:
- Anticaking Agent
- Emulsifier
- Stabilizer
- Thickener
End Use:
- Food
- Cosmetics
- Pharmaceutical
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
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