Hydroxypropyl Distarch Phosphate Industry Size, Share, Demand & Growth by 2033
The global hydroxypropyl distarch phosphate industry is anticipated to reach a valuation of US$ 1.9 billion in 2023, driven by the clean-label emulsification. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.8% between 2023 and 2033, and reaching a total valuation of approximately US$ 3.3 billion by 2033. One of the major factors contributing to the growth of the hydroxypropyl distarch phosphate market is the increasing consumption of functional beverages, including protein shakes and nutritional drinks, which are incorporating HDP to improve texture and stability while meeting clean-label requirements. The dairy and dairy alternatives sector presents opportunities for HDP as it can enhance the texture, mouthfeel, and stability of products like yogurts, creams, and milk substitutes. The pet food industry is experiencing growth, and HDP can be used to improve the texture and quality of pet food formulations. The meat proc