Based on application, the market has been segmented into personal care, pharmaceutical & nutrceutical, animal feed, food & beverages and others. The food & beverage segmented is covers soups, bakery & confectionery products, dressings, sauces, beverages, dairy products and others. The food & beverage segment is likely to retain its dominant position through the review period. Meanwhile, the pharmaceutical segment is expected to exhibit the highest CAGR during same period. The application of starch derivatives has increased substantially in the pharmaceutical industry. Their growing use as tablet binders is one of the major drivers of the segment.