Bangladesh Starch and Starch Derivatives Market - Segmented by Application -Growth, Trends and Forecasts (2019 - 2024)

Bangladesh Starch and Starch Derivative Market Insight

The Bangladesh starch and starch derivative market is projected to grow at the rate of 6.56% during the forecast period 2018 to 2023. The market is preliminarily driven by the growing textile industry and trending food and beverage industry in the country. Also, the rising trend of starch and starch derivatives in Bangladesh is fuelling the demand for the modified starches in Bangladesh. The cost of starch and its derivatives is expected to rise as it is imported from other countries.

Growing Food Processing Sector Create the Demand for Bangladesh Starch and Starch Derivative Market

There has been a significant increase in the demand for all forms of ready-to-eat or convenience food & beverage products owing to increasingly busy lifestyles and growing number of working population in Bangladesh. The food processing industry is expected to have significant growth and generate new opportunities for investment and exports of the country.

The use of modified starch as a stabilizer, thickening agent, and emulsifiers in manufacturing bakery, confectionery, noodles, and other convenience food products is fuelling the demand for starch among the food and beverage manufacturers in the country.

According to the food consumption survey conducted by Food and Agriculture Organization of the United Nations (FAO), in Bangladesh in 2018; the young children in the country are provided the starchy food prepared with sago, semolina, rice and noodles. The growing demand for processed and convenience foods, owing to the busy lifestyles and increasing buying power of the middle income population in the country is forming a lucrative market for the starch manufactures in Bangladesh.

Bangladesh Starch and Starch Derivative Market Segmentation

Textile, Processed Food and Confectionery, Paper and Corrugation, Pharmaceutical are the various application of starch derivatives considered in this report. Increased demand for low-calorie food products is the reason behind growth of modified starch consumption in Bangladesh. Another factor influencing the demand for modified starch in Bangladesh is its use as thickener in various food applications. Starch has an important role in the food industry, as baking flour. Among the bakery products, cakes and breads are the most important due to their high consumption. Other industrial processes include its use in small quantities, as a food additive or a thickening and gelling agent.

Bangladesh Starch and Starch Derivative Market Competitive Landscape

Bangladesh is low income, developing and import dependent country. The starch and starch derivatives are imported from India, Vietnam, Thailand, Pakistan, Germany and other few countries. Few local prominent players in Bangladesh are Maize Advanced Agro Refinery, Bangladesh Maize Products Limited, and Flamingo Agro Tech Limited (FATL).

Major players such as Gulshan Polyols Pvt Ltd., Cargil Inc, KMC adopted expansion as the key strategy, with wide distribution network for starch and starch derivatives products in Bangladesh.

Reasons to Purchase the Bangladesh Starch and Starch Derivative Market Report

- Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
- Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Country level analysis integrating the demand and supply forces that are influencing the growth of the market
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- 3-month analyst supports, along with the Market Estimates sheet in excel

Customization of Bangladesh Starch and Starch Derivative Market Research Report

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