#Modified Starch Market Share
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Modified Starch Market Opportunities, Segmentation, and Forecast till 2031
“ Modified Starch Market Size, Trends, and Forecast 2031” is the latest update in The Insight Partners portfolio. This market research report intends to offer details on the present market situation and include predictions for the future. This report aims to help businesses hunting for high returns on investment to unlock new revenue pockets in the forecast period.
By assisting businesses in determining the best product attributes, USPs, and marketing tactics, market research lowers risks. Companies may choose their place in the market by considering important factors like market share, market size, market revenue, and CAGR. The research's sector-specific coverage and analytical data are crafted following a thorough examination of target Modified Starch market participants, industry experts, and demographic groupings.
Key companies in the Modified Starch market are- AGRANA Beteiligungs-AG, Archer Daniels Midland Company, Avebe Group, Cargill, Incorporated., CBH Co. , Ltd., Global Bio-chem Technology Group Company Limited, Ingredion Incorporated, Roquette Fr?res, SMS Corporation, Tate and Lyle PLC . This report's competitive landscape section helps companies address their push and pull forces. Businesses need these insights to succeed and fill up any gaps in their operations. This research presented places where businesses might position their goods, delving further into the organic growth tactics used by major competitors in the industry.
COVID-19 Impact Analysis
For many firms, the current COVID-19 outbreak has been a roller coaster. A pressing issue was the disturbance of supply networks and downfalls in sales. The split of supply and demand was followed by a drop-in investment, which further lowered ROI expectations. This market study provides a thorough analysis of COVID-19's impact on the Modified Starch market. Companies were obliged to become digital during the pandemic under COVID-19. Amidst the fast changes in business dynamics, several organizations adapted successfully, from ubiquitous digital channels to a squeeze in digital infrastructures.
Market SegmentationBased on Raw Material this market is categorized further into-
Corn
Wheat
Potato
Cassava
and Others
Based on Form this market is categorized further into-
Dry and Liquid
Based on Application this market is categorized further into-
Food and Beverages
Animal feed
Cosmetics & Personal Care
and Others
Based on Regions:
North America (U.S., Canada, Mexico)
Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
Latin America (Brazil, Rest of Latin America)
The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)
Rest of the World…
Components of Global Modified Starch Market Research:
Market Overview- Our analysts will present their opinions based on industry research and valid facts.
Market Size, Share, CAGR, and Market Projections
Modified Starch Market Segmentation- This section will run through key segments in this market
Comprehensive analysis of Sales, Demand, and Supply with Segment considerations
Regional growth mapping and statistics
Modified Starch Market Analysis by Dominating Market Players
Comprehensive Discussion on Market Trends and Challenges
Value Chain Analysis, Business Environment Analysis
Strategic Recommendations for Business Growth
Strategic Recommendations;
Appendix and References;
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Author’s Bio:
Lisa Thomas
Research Analyst at The Insight Partners
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Modified Starch Market Report: Trends, Dynamics, and Future Prospects
The global modified starch market was valued at $13.7 billion in 2022 and is projected to reach $15.9 billion by 2027, growing at a CAGR of 3.1% during the study period. Modified starch is a versatile ingredient that has the ability to transform the basic properties of native starch to suit the specific requirements of various industries. With its exceptional characteristics such as bulk water absorption, emulsification, and thickening properties, modified starch has opened up a vast spectrum of applications. Not only does it enhance the quality of food & beverages, but it has also proven to be a game-changer in the textile and paper industries. By serving as a texture agent, fat replacer, and emulsifier, modified starch has become a critical ingredient in the formulation of products across different sectors. Thanks to the advanced processing technology used to develop modified starch, it has become possible to create tailor-made ingredients that can solve a wide range of formulating challenges.
Modified Starch Market Trends:
Growing Demand in the Food Industry: Modified starches find extensive use in the food industry as thickeners, stabilizers, and emulsifiers. The increasing demand for processed and convenience foods has been a significant driver for the modified starch market.
Clean Label Products: Consumers are becoming more conscious of the ingredients in their food, leading to a demand for clean label products. Modified starches that can provide functionality while meeting clean label requirements are gaining popularity.
Diverse Applications: The applications of modified starches extend beyond food to industries such as pharmaceuticals, textiles, and paper. This diversification has contributed to the market's growth.
Technological Advancements: Ongoing research and development efforts have led to the introduction of innovative modified starch products with enhanced properties, such as improved stability and texture.
Regional Market Dynamics: Market trends may vary regionally based on factors such as dietary preferences, economic development, and regulatory environments. For instance, in Asia, there has been a surge in demand due to the growing processed food industry.
Sustainable and Plant-Based Alternatives: The rising interest in sustainable and plant-based products has influenced the modified starch market. Manufacturers are exploring new sources of modified starches, including those derived from non-GMO crops.
Challenges in Raw Material Availability: The availability and pricing of raw materials, primarily agricultural crops like corn and tapioca, can impact the modified starch market. Fluctuations in commodity prices may affect production costs and, subsequently, product pricing.
Strategic Collaborations and Mergers: Companies in the modified starch industry are engaging in strategic collaborations, partnerships, and mergers to strengthen their market presence, enhance product portfolios, and expand their global reach.
Restraints: High demand for gum Arabic
The application of starch derivatives is growing in the food and beverage sector. The global beverage sector is witnessing growth as an application of modified starches. However, the growth and preference of gum Arabic over modified starch act as a restraint for the growth of this market. Studies have shown that beverages stabilized with sources of gum Arabic attain better stability than those with modified starches. Apart from beverages, gum Arabic is also rising as a threat to modified starches in confectionery, where it is utilized to prevent sugar crystallization.
Industrial application were the second-largest segment in the modified starch market and anticipated to witness decent growth rate over the forecast period
Starch has a wide range of commercial and industrial applications. Modified starch products find applications in the paper and paper cone industries, the glue and adhesive industries, sand binding manufacturing, pharmaceuticals and cosmetics, detergent manufacturing, and several other related industries. The construction industry requires special acid-modified starches to work as protective colloids to increase the strength of wallboards. Starch blends may be used as adhesives for the edges of wallboards. The range of industrial applications for modified starch is gradually increasing globally. Asian countries with rising income levels and industrialization are increasingly using modified starches for these non-food applications, in addition to the existing food applications.
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Asia Pacific is the largest and fastest-growing region in the modified starch market and anticipated to maintain its dominance over the forecast period
The modified starch market in the Asia-Pacific region is the largest. The market is estimated to grow at a significant rate, owing to the rising demand in large economies such as China, India, Japan, and other Southeast Asian countries. The industrial organization and technology of starch processing are changing rapidly in the region. Unlike other regions where starch is processed almost entirely by large companies, in Asia Pacific, starch processing is done by small and medium-sized firms. Historically, native starch has been largely used for food products in the region. The industrial applications and technologies involved in starch processing are changing rapidly in Asia-Pacific countries. Modified starch is increasingly being demanded by many industries in the region. Various industries are incorporating modified starches in their manufacturing processes and products.
#Modified Starch Market#Modified Starch#Modified Starch Market Size#Modified Starch Market Share#Modified Starch Market Growth#Modified Starch Market Trends#Modified Starch Market Forecast#Modified Starch Market Analysis#Modified Starch Market Report#Modified Starch Market Scope#Modified Starch Market Overview#Modified Starch Market Outlook#Modified Starch Industry
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Reshaping Perspectives: Trends in Modified Market Research Methodologies by 2031
Modified Starch Market Information:
Market Overview
The global modified starch market size is projected to reach USD 18,828.37 million by 2031, growing at a CAGR of 4.85% (2023-2031). Volatility in the Price of Raw Materials inhibits growth of industry.- Challenges & Growth factors The food and beverage (F&B) industry is witnessing significant shifts driven by evolving consumer preferences, changing retail landscapes, technological advancements, and regulatory updates. This market research report offers crucial insights for industry professionals seeking to navigate these complexities and seize growth opportunities. It highlights key drivers such as the demand for healthy, sustainable options and the impact of e-commerce on distribution channels. Moreover, it delves into segment analysis, regional trends, and competition dynamics, equipping businesses with actionable intelligence to stay ahead in this dynamic market.
Competitive Players
Some of the key players operating in the Modified Starch market are
Cargill Incorporated
SMS Corp.
Kent Corporation
Tate and Lyle
Ingredion
Roquette Frères
Archer Daniels Midland Company
Emsland Group
Agrana Beteiligungs AG
Japan Corn Starch Co. Ltd.
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The Modified Starch market report helps a wide range of businesses figure out what their consumers truly want by doing extensive market research. When it comes to new products, every company owner wants to know how much demand there is, and this report is a great resource. Additional benefits include ensuring that the most recent market developments are covered. You may keep a close check on key rivals and their company growth tactics by reading the Modified Starch market research. It also does an in-depth research for the years 2022-2030 in order to provide company owners with new business options.
This research also provides a dashboard view of prominent Organization, highlighting their effective marketing tactics, market share and most recent advances in both historical and current settings.
Global Modified Starch Market: Segmentation
By Source
Corn
Wheat
Cassava
Potato
Other Sources
By Applications
Food and Beverage
Animal Feed
Personal Care Products
Other Applications
By Type
Etherified Starch
Pre-gelatinized Starch
Resistant Starch
Esterified Starch
Other Types
The report forecasts revenue growth at all the geographic levels and provides an in-depth analysis of the latest industry trends and development patterns from 2022 to 2030 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:
North America (U.S., Canada)
Europe (U.K., Germany, France, Italy)
Asia Pacific (China, India, Japan, Singapore, Malaysia)
Latin America (Brazil, Mexico)
Middle East & Africa
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Key Highlights
In order to explain Modified Starch the following: introduction, product type and application, market overview, market analysis by countries, market opportunities, market risk, and market driving forces
The purpose of this study is to examine the manufacturers of Modified Starch , including profile, primary business, and news, sales and price, revenue, and market share.
To provide an overview of the competitive landscape among the leading manufacturers in the world, including sales, revenue, and market share of Modified Starch percent
In order to illustrate the market subdivided by kind and application, complete with sales, price, revenue, market share, and growth rate broken down by type and application
To conduct an analysis of the main regions by manufacturers, categories, and applications, covering regions such as North America, Europe, Asia Pacific, the Middle East, and South America, with sales, revenue, and market share segmented by manufacturers, types, and applications.
To conduct an investigation into the production costs, essential raw materials, and production method, etc.
Principal Motives Behind the Purchase:
To get deep analyses of the industry and to have a complete comprehension of the commercial landscape of the global market.
Analyse the production processes, key problems, and potential solutions in order to reduce the potential for future problems.
The goal of this study is to get an understanding of the most influential driving and restraining factors in the Modified Starch industry as well as the influence that this market has on the worldwide market.
Gain an understanding of the market strategies that are now being used by the most successful firms in their respective fields.
In order to have an understanding of the market's future and potential.
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Modified Wheat Starch Market - Forecast (2022 - 2027)
Modified Wheat Starch Market size is estimated to reach $825.3 million by 2027, growing at a CAGR of 2.6% during the forecast period 2022-2027. Modified wheat starch can be demarcated as complex carbohydrate or starch extracted from the wheat berry/kernel. It is fabricated through native starch’s chemical and enzymatic treatment to alter its properties. It is commonly used as a thickening agent, fat substitutes, and emulsifier in food and beverages. Nevertheless, it is also considered a texture agent in several cosmetics and holds better steadiness against acid and heat. Growing demand for ready meals, proliferating usage as a fat replacer, heightening demand for nutritional drinks, spiking demand for adhesives, rising convenience and processed food consumption, growing applications in animal feed in order to ensure animal health, rising disposable incomes, bettering infrastructure in developing countries are factors set to drive the growth of the Modified Wheat Starch Industry for the period 2022-2027.
Report Coverage
The report: “Modified Wheat Starch Market Forecast (2022-2027)” by Industry ARC covers an in-depth analysis of the following segments of the Modified Wheat Starch Market
By Type: Organic and Conventional.
By Function: Binder, Emulsifier, Stabilizer, Thickener, Disintegrant, and Others.
By Application: Animal feed, Paper industry, Food and beverages (Bakery, Confectionery, Processed Foods, and Others), Cosmetics, and Others.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of World (the Middle East and Africa).
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Key Takeaways
Geographically, the Asia-Pacific Modified Wheat Starch Market accounted for the highest revenue share in 2021. The growth is owing to high wheat production, heightening demand for RTE foods with swift urbanization, embryonic processing technologies in the region, and increasing living standards of people as disposable incomes are broadening.
Versatile applications as a disintegrant in pharmaceuticals, emulsifier in food and beverages, and a binder in the paper industry, growing demand for cosmetics and convenience foods, technological breakthroughs in processing methods or technologies, and escalating demand for dairy and quality meat are said to be preeminent driver driving the growth of Modified Wheat Starch Market. Wheat shortage is felt across the globe because of the Russia-Ukraine conflict, soaring inflation rates, and environmental mishaps are said to reduce the market growth.
Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Modified Wheat Starch Market report.
Modified Wheat Starch Market Segment Analysis-By Type
The Modified Wheat Starch Market, based on the type, can be further segmented into organic and conventional. The conventional segment held the largest share in 2021. The growth is owing to conventional farming is best known for higher yield as several chemicals taken into account reduce the insects’ attacks and unwanted weeds. In addition, conventional farming uses genetically modified seeds that result in a more fruitful crop. As a result, it increases the overall revenue of farmers. In addition to that, owing to its cheap nature and low resource requirements, conventional farming is more common among farmers worldwide. conventional farming is practiced all over the globe.
Additionally, the high price of organic harvest and little to no awareness among people regarding the existence of organic alternatives has aided the demand for conventionally grown brown sugar. Furthermore, organic is estimated to be the fastest-growing segment with a CAGR of 3.3% over the forecast period 2022-2027. This growth is owing to broadening health attentiveness among consumers. Owing to several health problems linked with conventionally grown foods and an environment unfriendly nature has subjected people to shift toward organic. Moreover, unlike conventional, organic farming doesn’t pose environmental hazards.
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Modified Wheat Starch Market Segment Analysis-By Application
The Modified Wheat Starch Market, based on applications, can be further segmented into Animal feed, Paper industry, Food and beverages (Bakery, Confectionery, Processed Foods, and Others), Cosmetics, Paper Industry, and Others. The food and beverages segment held the largest share in 2021. The said is a dominant segment because the food industry is evergreen; no matter the situation or circumstances, food is an essential commodity required for humans’ survival. Modified wheat starch plays a significant role in maintaining the stability and uniformity of various sauces. In addition to that, during processing activities, modified starches attack gel breakdown and elongate the shelf life of food items. Nevertheless, animal feed and food and beverages are estimated to be the fastest-growing segments with a CAGR of 3.4% over the forecast period 2022-2027. This growth is owing to changing tastes and preferences of people, surging demand for convenience or ready-to-eat foods and nutritional beverages, and rising usage of animal feeds as overall demand for dairy and better-quality meat is augmenting day after day.
Modified Wheat Starch Market Segment Analysis-By Geography
The Modified Wheat Starch Market, based on Geography, can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. The Asia Pacific held the largest share, with 38% of the overall market in 2021. The growth in this segment is owing to the factors such as the presence of the biggest wheat-producing countries. China, with over 134 million metric tons, and India with nearly 98 million metric tons of annual production are the two biggest wheat-producing countries in the world. Also, Australia’s contribution has reached 31 million metric tons in global wheat production. In addition to that, the enormous population size has aided the market in the said region. Moreover, Asia-pacific is expected to be the fastest-growing segment over the forecast period 2022-2027. This growth is owing to evolving processing technologies, rising disposable incomes, skyrocketing demand for RTE foods because of eventful lifestyles of people, and ease of doing business because of ameliorating infrastructure, especially in developing nations like Indonesia, India, and China.
Modified Wheat Starch Market Drivers
Augmenting demand for wheat starch in the pharmaceutical, animal feed, and food industry are anticipated to boost market demand
There are many reasons behind the extensive usage of starch in the pharmaceutical industry. Starch is commonly considered as a disintegrant, excipients, binder, glidant, and capsule diluent. Drug absorption happens only because of disintegrants as they break them down into fragments. Considering the non-stop demand for pharmaceuticals, the starch industry is anticipated to be benefited. For instance, the Indian Economic Survey conducted in 2021 claimed that the Indian pharmaceutical market is anticipated to reach $65 billion by 2024. In addition to that, global medicine spending is projected to reach $1.6 trillion by 2025. Also, proliferating demand for dairy and meat has broadened the use of starch as animal feed. India alone consumed 83 million metric tons of milk in 2021, whereas European Union’s consumption stood at 23.9 million metric tons.
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Modified Wheat Starch Industry Outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the aforementioned Market. Modified Wheat Starch market top 10 companies include-
1. Archer Daniel Midland Company
2. Cargill Inc
3. Universal Starch Chem Allied
4. Grain Processing Corporation
5. Emsland-Starke GmbH
6. Spac Starch Products
7. Kroner-Starke
8. Beneo Remy NV
9. SMS Corporation Ltd
10. Tereos Group
Recent Developments
On December 22, 2021, Illinois, United States-based company Archer-Daniels-Midland (a firm known for its food processing) announced the successful acquisition of Panama-based Flavor Infusion International SA (a firm that provides flavor and specialty solutions). The financials of the transaction were not disclosed by the firm; nevertheless, the transaction has expanded the company's presence in Latin America and the Caribbean.
On December 15, 2021, Loryma (Zwingenberg, Germany), a member of the Crespel & Deiters Group, is offering two alternatives to the white pigment titanium dioxide, which will no longer be recognized by the European Food Safety Authority as safe to use in food. Loryma’s alternatives include two wheat starches: Lory Starch Iris and Lory Starch Elara. Starch Iris is a native small-grain starch with small and uniform particles, while Starch Elara is a resistant wheat starch that is suitable for applications that contain water.
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Modified Starch Market Global Trends, and Opportunities Forecast by 2031
Modified Starch Market Scope & Overview
The global Modified Starch Market research study offers an in-depth look of the industry's current and future state. The report is based on comprehensive primary and secondary research and includes all market data. The analysis also covers statistics by type, industry, channel, and other criteria, as well as market volume and value for each category. The leading companies in the market, distributors, and the overall structure of the industrial chain are all examined in the report. It also assesses the variables and criteria that may influence market growth.
The world economy was impacted by the coronavirus pandemic. A number of market conditions have changed. According to the Modified Starch research report, the market is rapidly evolving, and the influence is being analyzed both in current phase and in the future scenario. For the forecast period, the report includes accurate numbers for the industry's market size, share, production capacity, demand, and growth. This is the most recent COVID-19 market effect analysis study.
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Market Key Players:
Sms Corporation, Global Bio-Chem Technology Group Company Limited, Ingredion Incorporated , Archer Daniel Midlands Company , Cargill Incorporated , Tate & Lyle , Avebe u.a., Tereos , Lyckeby And Avebe).
Market Segmentation
The Modified Starch research study discusses market segmentation by product type, application, end-user, and geography. The study investigates the industry's growth objectives, as well as cost awareness and manufacturing processes. The market study comprises a basic industry overview, as well as classification, definition, and, as a result, the supply and demand chain structure. Global marketing data, competitive climate surveys, growth rates, and crucial development status information are all part of global research.
By Raw Material:
Potato
Corn
Cassava
Wheat
Other raw materials (rice bran, waxy maize etc.)
By Application:
Food & beverages
Bakery & confectionery
Beverages
Processed food
Other food & beverages applications*(desserts, sauces, dressings etc.)
Feed
Ruminant feed
Swine feed
Poultry feed
Other feed applications (cattle feed etc.)
Industrial
Paper making
Weaving & textiles
Medicines & pharmaceuticals
Cosmetics
Other industrial applications(personal care, hygiene etc.)
By form:
Dry
Liquid
By modification type:
Physical modification
Hydrothermal
Non-hydrothermal
Chemical modification
Cationic starch
Etherified starch
Esterified starch
Enzymatic modification
By function:
Stabilizers
Emulsifiers
Binders
Other functions
Regional Analysis
North America, Latin America, Europe, Asia Pacific, and the Rest of the World are the regions that make up the Modified Starch market. Research covers everything from production and consumer ratios to market size and market share, import and export ratios, supply and demand, consumer demand ratios, technological advancements, research and development, infrastructure development, economic growth, and a strong market presence in every region. The geographical research will aid players in identifying lucrative markets where they may cash in on new prospects.
Competitive Outlook
The Modified Starch market study focuses on the most noteworthy acquisitions, collaborations, and product launches in the sector. The study report employs advanced research methodologies such as SWOT and Porter's Five Forces analysis to provide deeper insights into important players. The research offers a detailed overview of the worldwide competitive environment as well as key insights into the major rivals and their expansion ambitions. It also contains crucial information on financial conditions, worldwide positioning, product portfolios, revenue and gross profit margins, as well as technological and research breakthroughs.
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Hydrocephalus Shunt
In 2019, the global starch market is estimated to be valued at US$ 34.0 billion, with the global starch market volume reaching 93.9 million tonnes. Bekryl Market Analysts report a robust growth, especially in the potato and cassava starch segments. The increased demand for high fructose corn syrups (HFCS) across various food and beverage applications, coupled with the steady expansion of the paper industry, is expected to propel the global starch market in the near future.
Key Insights from the 2019 edition of the global starch market include:
The corn starch segment currently dominates the market, holding a 76.3% revenue share and reaching a valuation of US$ 26 billion in 2019.
The global cassava starch market is estimated to be valued at US$ 4.8 billion, with a volume of 10.3 million tonnes.
Potato starch is estimated to be valued at US$ 1.2 billion in 2019.
The global wheat starch market is estimated at US$ 2.1 billion in 2019.
Regional Analysis:
In 2019, North America and Europe are projected to collectively contribute to over 60% of the revenue share, followed by Asia Pacific at 29.7%. Asia Pacific is expected to witness significant growth, driven by the pharmaceutical, textile, and food & beverage industries.
The corn starch segment sees the largest revenue share in the US and China. China's demand for corn starch is notably influenced by its applications in starch sugar, offering a cost-effective sweetening alternative. Additionally, the pharmaceutical industry's increasing demand for corn starch is anticipated to fuel market growth.
In the tapioca starch segment, the US dominates global consumption with over 40% revenue share, expected to experience significant growth due to its affordability in the current market.
Top 10 Starch Manufacturers:
Major players in the industry focus on partnerships, expansions, and new product launches to diversify their product portfolios and expand their presence in emerging regions.
In October 2018, Ingredion Incorporated announced a US$ 60 million investment in APAC to expand modified starch plant capacity and enhance corn wet-milling capacity in China.
In January 2019, Archer Daniels Midland Company (ADM) partnered with General Starch Limited (GSL), a Thailand-based tapioca starch producer, to broaden its starch portfolio, obtaining exclusive distribution rights for GSL's modified tapioca starch products in Europe, the Middle East, and Africa.
In February 2019, Cargill, Inc. revealed plans to invest US$ 22.5 million in its starch production plant in The Netherlands to expand instant starch capacity and meet the growing demand in the convenience foods market.
The top global starch manufacturers in 2019 are:
Cargill, Inc.
Ingredion Incorporated
Tate & Lyle PLC
The Archer Daniels Midland Company
Roquette
Zhucheng Xingmao Corn Developing Co., Ltd.
Global Bio-chem Technology Group Company Limited
Tereos Starch & Sweeteners Europe
China National Cereals, Oils and Foodstuffs Corporation (COFCO)
General Starch Limited
Research Scope:
By Product Type:
Native Starch
Modified Starch
Syrups/Blend
By Source:
Corn/Maize
Wheat
Cassava/Tapioca
Potato
By Application:
Food and Beverages
Paper
Textile
Corrugated Board and Adhesives
Construction
Chemical
Pharmaceuticals
Others
The global starch market continues to exhibit promising growth trends, creating ample opportunities for manufacturers in a variety of applications. As the industry pioneers advancements and innovations, the market is poised for sustained expansion in response to increasing demands across diverse sectors.
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The Modified Starch Market: A Tasty Journey from Corn to Cassava
Welcome to the not-so-secret world of modified starch, where corn and cassava take the spotlight in the global market. In this tantalizing journey, we'll delve into the juicy details of the industry, sans the robotic jargon. So, buckle up for a ride through the flavorful landscape of the modified starch market.
The Tasty Numbers: Picture this:
a market valued at a mouth-watering USD 11.8 Billion in 2021, set to grow to a whopping USD 18.78 Billion by 2030 – that's a CAGR of 5.3%. It seems like our love for convenient and processed foods is pushing the boundaries of the global modified starch market.
Segments Galore:
The market is divided into segments like a buffet spread. Starch esters & ethers take the lead, playing the role of culinary maestros in enhancing food texture and prolonging shelf life. Meanwhile, cationic starches, the unsung heroes of the paper industry, are gearing up for their moment in the limelight.
Geographical Gastronomy:
North America, with its penchant for low-fat dietary choices and a knack for corn production, claims a hefty 42% of the market share. Asia Pacific, on the other hand, is the rising star, poised to experience a CAGR of 5.9%. Looks like our friends in India, Taiwan, Japan, South Korea, and China are cooking up a storm in the modified starch arena.
Functionality Feast:
Thickeners take center stage, commanding over 50% of the market share in 2022. Modified starch, with its magical thickening abilities, is the superhero behind the viscosity elevation of liquids. Emulsifiers are gearing up for their moment, with a projected CAGR of 5.7% in 2022, adding a touch of smoothness to various end-use products.
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Market Dynamics:
The Spice of Life Rising investments in the starch market are spicing things up, with starch innovations targeting the very soul of baked foods. However, there's a buzzkill – the high demand for gum Arabic, stealing the spotlight from our beloved modified starches in the beverages sector. It's a tough competition in the world of stabilizing beverages!
Competitive Cook-off:
In the sizzling kitchen of the modified starch market, big names like Emsland-Stärke GmbH, Roquette Frères, and Ingredion Incorporated are playing the lead roles. The stage is set for innovation, with players introducing organic pea protein starch and clean-label rice starches, catering to the evolving tastes of consumers.
Key Market Trends:
Starch's Versatility Unleashed Food starches are the chameleons of the culinary world, offering a spectrum of functional properties essential for diverse applications. Whether it's texturizing, binding, thickening, gelling, or stabilizing, starches are the unsung heroes behind the scenes, making food formulations a delicious success.
Conclusion:
A Flavorful Future As the world savors the convenience of processed foods, modified starch emerges as the unsung hero, quietly but significantly shaping the culinary landscape. From the dominance of starch esters & ethers to the rise of Asia Pacific, the market is a delectable journey that promises a flavorful future. So, here's to the not-so-humble starch, silently making our foods better, one thickened sauce at a time. Cheers!
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Starching It Right: A Digestible Guide to the Modified Starch Market
Hey there, fellow foodies and industry enthusiasts! Today, we're diving into the world of modified starch – the unsung hero behind the scenes in your favorite processed foods. In this not-so-starchy blog, we'll break down the Global Modified Starch Market report with a sprinkle of humor and a dash of sarcasm. Let's embark on this culinary adventure, shall we?
The Starch Chronicles – A Recipe for Market Growth Picture this – a world where convenient and processed foods reign supreme. Enter modified starch, the not-so-secret ingredient making it all possible. Valued at a cool USD 11.8 Billion in 2021, this market is set to grow faster than your grandma's sourdough starter, reaching a forecasted USD 18.78 Billion by 2030. That's a CAGR of 5.3%, folks! It seems we're all craving more than just grandma's cooking these days.
Starches, Not Stars – Products Taking Center Stage Move over Hollywood, the real stars of this show are starch esters & ethers, claiming the title of the largest market segment. These MVPs enhance food texture and prolong shelf life – basically, they're the unsung guardians of your favorite snacks. Cationic starches are the dark horses, with a growth rate of 5.1%. They're like the Batman of the modified starch world, swooping in with unique properties for the paper industry.
Thickening the Plot – Functions that Stir the Pot Thickeners take the spotlight, commanding over 50% of the market share. Modified starch plays the role of a culinary superhero, elevating the viscosity of liquids without turning them into a gelatinous mess. It's the Batman's cape in the food industry – enhancing the overall experience without revealing its secrets. Meanwhile, emulsifiers are gearing up for their blockbuster moment, projected to grow at a CAGR of 5.7%. They're the cinematic directors behind the scenes, ensuring a smooth blend in the food and beverage industry.
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Regionally Seasoned – The Global Flavor Profile North America steps into the limelight, flexing its cornstarch muscles and commanding 42% of the total revenue share. Thanks to health-conscious consumers in the US, modified starch is having a moment. Meanwhile, Asia Pacific is spicing things up, anticipating a rapid CAGR of 5.9%. With countries like India and China playing key roles in agriculture, the modified starch market is cooking up something big in this part of the world.
The Not-So-Sweet Challenges – Navigating the Starchy Waters Hold your culinary aspirations! The high demand for gum Arabic is the buzzkill here. While modified starches are making waves, gum Arabic still takes the crown in the beverages sector. It's like trying to introduce a new character in the finale of your favorite TV show – viewers might not be ready for the change.
Conclusion:
Stirring the Pot of Innovation As we wrap up this culinary escapade through the Global Modified Starch Market, one thing is clear – this market is starching its way to the top. With rising investments, innovative product launches, and a growing demand for processed foods, modified starch is set to become the unsung hero that everyone secretly cheers for. So, whether you're a food industry aficionado or just someone who loves a good snack, keep an eye on the modified starch market – it's cooking up something special!
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The Global Modified Starch Market: A Rising Ingredient with Diverse Geographical Presence - A Press Release by IHR Insights
Bengaluru, July - The global market for modified starch is experiencing robust growth, with this versatile ingredient becoming increasingly vital in various industries, including food, pharmaceuticals, and textiles. A recent analysis of the market reveals its geographical distribution, reflecting a promising future for modified starch as a critical component in diverse applications.
The modified starch market has expanded significantly, with numerous key players contributing to its growth. Geographical regions are playing a pivotal role in shaping the landscape of this industry, and their diverse utilization of modified starch further emphasizes its importance.
Key Market Highlights:
Rising Demand in Food and Beverage Industry: The food and beverage industry continue to dominate the consumption of modified starch, where it serves as a critical component in various products, including instant foods, baked goods, dairy products, and meat processing.
Pharmaceutical Applications: The pharmaceutical industry has seen an increasing demand for modified starch as a pharmaceutical excipient, contributing to the structural integrity of tablets and drug delivery systems.
Expanding Textile Applications: The textile industry employs modified starch for fabric printing, finishing, and as a sizing and coating agent in paper manufacturing, highlighting its importance in non-food sectors.
Gluten-Free and Vegan Trends: The rise of gluten-free and vegan product trends has led to higher demand for modified starch as it provides essential functionality in the development of alternative food products.
Geographical Distribution of the Market:
North America: North America holds a significant share of the modified starch market, with a strong presence in both the food and pharmaceutical industries. The region's commitment to product innovation and expanding food processing industry further fuels the demand for modified starch.
Europe: Europe is a prominent player in the market, with a focus on clean-label and natural ingredients in food products. Modified starch is extensively used in confectionery, dairy products, and bakery items.
Asia-Pacific: The Asia-Pacific region is witnessing substantial growth in the food and beverage industry, leading to an increased use of modified starch in various applications. It's also a key market for textile and paper industries.
Rest of the World: These regions are gradually adopting modified starch in the food industry, and the pharmaceutical sector is also showing potential for growth. The African market is emerging as an untapped opportunity for modified starch, as the food industry expands and demand for processed foods increases.
Market Outlook:
The global modified starch market continues to grow, with geographical regions contributing to its diversity and development. The rising adoption of clean-label and natural ingredients, coupled with expanding food processing and pharmaceutical industries, will fuel the demand for modified starch. As the world focuses on product innovation and sustainability, modified starch remains a critical ingredient in the development of a wide array of products.
Read more from our latest report on The Modified Starch Market is projected to grow at the rate of 2.8% CAGR by 2028 by IHR Insights.
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Modified Starch Market Growth by Emerging Trends, Analysis, & Forecast
The global modified starch market is estimated to be valued at USD 13.7 billion in 2022. It is projected to reach USD 15.9 billion by 2027, recording a CAGR of 3.1% during the forecast period. Modified starches are manufactured from native starches. Various processing methods, such as physical, enzymatic, wet and dry chemical processes, drum drying, and extrusion, are used to produce different types of modified starch products. These processes are used to change the properties of native starch, such as its freeze-thaw stability, acid or alkali resistance, and shear stability, to meet industrial requirements. Modified starches are used for functions such as thickening, stabilizing, binding, and emulsification. Apart from food products, it is also used in a wide range of non-food applications and in the animal feed industry.
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Cassava is the fastest-growing raw material segment in the global modified starch market
Cassava is one of the world’s major starch crops. It has a long, tuberous starchy root that finds its place as an essential ingredient in many Latin American and Caribbean cuisines. Cassava is a widely grown tuber in most African and Asian countries, and it is also the most economical source of starch at a global level. It was, hence, prudent that, in the wake of the forecasted shortage of corn and wheat as sources of starch, cassava (tapioca) starch would gain attention. Tapioca is the starch extracted from the storage roots of the cassava plant. The similarity of the functional properties of tapioca and corn starch has added to their advantages.
Modified tapioca starch is extensively used in a range of applications, such as food & beverages, paper, mosquito coils, textiles, chemicals, construction, adhesives, and pharmaceuticals. It also has a bland taste and is thus an ideal ingredient for food and feed applications. As Asia is the center for the production and consumption trends for the global modified starch market, cassava starch in Asia is estimated to be the key driver in the future, with a prime focus on convenience foods in China and India.
Industrial application were the second-largest segment in the modified starch market and anticipated to witness decent growth rate over the forecast period
Starch has a wide range of commercial and industrial applications. Modified starch products find applications in the paper & paper cone industries, the glue and adhesive industries, sand binding manufacturing, pharmaceuticals and cosmetics, detergent manufacturing, and several other related industries. The construction industry requires special acid-modified starches to work as protective colloids to increase the strength of wallboards. Starch blends may be used as adhesives for the edges of wallboards. The range of industrial applications for modified starch is gradually increasing globally. Asian countries with rising income levels and industrialization are increasingly using modified starches for these non-food applications, in addition to the existing food applications.
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Asia Pacific is the largest and fastest-growing region in the modified starch market and anticipated to maintain its dominance over the forecast period
The modified starch market in the Asia-Pacific region is the largest. The market is estimated to grow at a significant rate, owing to the rising demand in large economies such as China, India, Japan, and other Southeast Asian countries. The industrial organization and technology of starch processing are changing rapidly in the region. Unlike other regions where starch is processed almost entirely by large companies, in Asia Pacific, starch processing is done by small and medium-sized firms. Historically, native starch has been largely used for food products in the region. The industrial applications and technologies involved in starch processing are changing rapidly in the Asia Pacific countries. Modified starch is increasingly being demanded by many industries in the region. Various industries are incorporating modified starches in their manufacturing processes and products.
The key players in this market include 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), and KMC (Denmark).
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Corn Starch Market Share, Size, Analysis and Global Forecast to 2027
Rise in the retail market, expansion of the food & beverage industry, and several characteristics of starch have boosted the growth of the global corn starch market.
Rise in the retail market, expansion of the food & beverage industry, and several characteristics of starch have boosted the growth of the global corn starch market. However, availability of numerous substitutes and rise in consumer consciousness about the negative effects of starch-rich diet hinder the market growth. On the contrary, surge in demand for clean label starch and resistant starch would open lucrative opportunities for the market players in the future.
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Covid-19 scenario:
Covid-19 pandemic resulted in rise in demand for packaged food and sweeteners as they have a longer shelf life.
However, the lockdown negatively affected the supply and distribution of packaged food & beverages.
U.S. and China are the major producers of corn starch. However, the declining output growth of corn starch and the pandemic has hindered production.
The global corn starch market is segmented on the basis of type, application, form, and region. Based on type, the modified segment is projected to portray the highest CAGR of 7.4% during the forecast period. However, the sweetener segment dominated the market in 2019, contributing to more than half of the market.
On the basis of form, the liquid segment held the lion’s share in 2019, accounting for more than half of the market. However, the powder segment is estimated to manifest the highest CAGR of 6.9% from 2021 to 2027.
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The global corn starch market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is estimated to portray the highest CAGR of 7.5% during the forecast period. Moreover, the region contributed the highest share in 2019, contributing to more than two-fifths of the market.
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