Market Overview:
Global Modified Starch Market Size Was Valued at USD 12.44 Billion In 2022 And Is Projected to Reach USD 18.94 Billion By 2030, Growing at A CAGR of 5.4% From 2023 To 2030.
The Modified Starch market is a vital and rapidly expanding segment within the global food and industrial ingredients industry. Modified starches are derived from native starches through physical, chemical, or enzymatic processes, enhancing their functional properties such as thickening, binding, stabilizing, and gelling. These modified starches find applications in various industries including food, pharmaceuticals, textiles, paper, and more. The market's growth is driven by the increasing demand for convenience foods, technological advancements in production processes, and the need for improved texture and stability in a wide range of products.
Top Key Players for Modified Starch Market:
ADM (US), Cargill (US), Ingredion (US), Tate & Lyle (UK), Roquette Frères (France), Avebe U.A (Netherlands), Grain Processing Corporation (US), Emsland (Germany), AGRANA (Austria), SMS Corporation (Thailand), Global Bio-Chem Technology Group (Hong Kong), SPAC Starch (India), Qindao CBH Company (China), Tereos (France), KMC (Denmark), Beneo (Germany), Angel, Starch Food Pvt. Ltd. (India), Shubham Starch Chem Pvt Ltd. (India), Everest Starch India Pvt Ltd. (India), Sheekharr Starch Pvt Ltd. (India), Sanstar Bio-Polymers Ltd. (India), Universal, Biopolymers (India), Sonish Starch Technology Ltd. (Thailand), Venus Starch Suppliers (India), Gromotech Agrochem Pvt. Ltd. (India) and other major players.
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The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.
Market Dynamics and Factors for Modified Starch Market:
Market Driver
Demand for Processed and Convenience Foods:
One key market driver for Modified Starch is the escalating demand for processed and convenience foods. As urbanization accelerates and lifestyles become more fast-paced, consumers are leaning towards ready-to-eat and easy-to-prepare meals. Modified starches play a crucial role in enhancing the texture, mouthfeel, and stability of these processed foods, ensuring they maintain their quality throughout storage and consumption. This driver is especially prominent in emerging economies where the convenience food sector is rapidly growing due to changing dietary habits and busy lifestyles.
Market Opportunity
Clean Label and Natural Ingredients:
A significant market opportunity lies in the adoption of clean label and natural ingredient trends. With an increasing focus on health and transparency, consumers are seeking products with simpler and natural ingredient lists. Modified starch manufacturers have an opportunity to develop and promote modified starches that align with clean label expectations. This could involve using milder modification methods, sourcing from non-GMO crops, and ensuring that labeling accurately reflects the nature of the ingredients. By catering to health-conscious consumers, the Modified Starch market can tap into a growing customer base.
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Segmentation of The Modified Starch Market
By Type
· Corn
· Wheat
· Cassava
· Potato
· Others
By Function
· Thickeners
· Stabilizers
· Binders
· Emulsifiers
By Application
· Food & Beverages
· Feed
· Industrial
Regional Analysis of Modified Starch Market:
In the Asia Pacific region, the use of modified starch in a variety of applications is helping to drive growth. It thickens or stabilizes food products, particularly sauces. As a result of the growing market for sauces and condiments, the market for industrial starches is also expanding at a quicker rate. The demand for starch in the region has been pushed by the region's increasing manufacturing industries, which range from textiles to cosmetics. In nations like China and India, the fast-developing processed food sector and a consumer shift toward snacking have been driving the modified starch market.
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
Key Industry Developments In Modified Starch Market
In April 2021, The Emwaxy Spray 200 was launched by EmslandGroup to meet the rapidly expanding demand for clean label alternative ingredients in the food industry. Emwaxy® Spray 200 is a low DE starch derivative with a high amylopectin content derived from potato starch.
In February 2021, Tate & Lyle PLC (Tate & Lyle), a major global provider of food and beverage ingredients and solutions, has finalized the purchase of an 85 percent stake in Chaodee Modified Starch Co., Ltd., a well-known Thai tapioca modified food starch manufacturer. On October 28, 2020, the signing of a conditional agreement for this transaction was announced.
Highlights of The Modified Starch Market Report:
· The market structure and projections for the coming years.
· Drivers, restraints, opportunities, and current trends of Modified Starch Market.
· Historical data and forecast.
· Estimations for the forecast period 2030.
· Developments and trends in the market.
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