It’s being expected that by 2030, the Modified Starch market cap will hit 17.38 at a CAGR growth of about 3 %.
Physicochemical changes caused due to heat, acid and alkalis treatments to the structure of native starch, leads to production of modified starch. Other popular methods of starch is by physical, biotechnological and chemical modification process. Modified starch have better binding characteristics, water-holding ability, heat resistance and thickening feature. Corn, Maize, potato and wheat are popular raw materials used in modified starch.
Modified Starch market trend studies indicate growth in the forecast period. Major use of modified starch is in the food and beverage market. It is widely used as a thickening agent, stabilizing agent owing to it being gluten free properties. Modified starch has less amount of fat than other regular starches and hence is popular among the calorie conscious people. Increased demand for functional and processed food is the driving factor for modified starch market size. Also, growth in use of modified starch in pharmaceuticals, paper and cosmetics industry are likely to be add to the growth of modified starch market size.
Modified starch has numerous useful benefits in food and non-food applications. Owing to modified starch market trend and the numerous new technologies and new modification techniques has led to many applications. Modified starches are used for fat replacement and texture improvement which leads to enriching the nutritional value in food and animal feed industry. Also, these ingredients have use in paper industry, paper coating, construction industry, paint filling and as an adhesive. The cosmetic and pharma industries also uses modified starch as binding agent in make-up, face creams, tablets and pills. These ingredients are also used in metals, mining textile, printed circuit boards, adhesives, leather, and biodegradable plastic industries.
Segmentation of Modified starch market size is based on various leading factors like, application, raw material, geography and function. Based on raw material, segmentation is cassava, maize, wheat, potato, and many others. Based on type, it is divided as etherified starch, resistant starch, esterified starch, cationic starch, and pre-gelatinized starch. On the basis of application, classification is done as food and beverages, pharmaceuticals, animal feed, weaving & textiles, paper-making, and many others. The food and beverages segment is further divided as beverages, processed food, confectionery, and others; whereas the animal feed is divided as swine feed, poultry feed, ruminant feed, and others. On the basis of Function, segmentation is thickeners, stabilizers, binders, emulsifiers, and others. Geographically, it is studied across North America, Asia-Pacific, Europe, and Latin America and Middle East and Africa.
In terms of region Asia-Pacific had highest share in Modified starch market size and is expected to keep growing. The main reason for this is the growing demand of modified starch for industry purpose in growing countries. North America is other region contributing maximum share in the market followed by South Korea.
Key leading players in Modified starch market are Avebe U.A., Archer Daniels Midland Company, Global Bio-Chem Technology Group Company Limited, Emsland- Strke gmbh, Cargill Incorporated, Universal Starch Chem Allied and many others.
Modified Starch Market Scope
|Forecast Unit||Value (USD)|
|Segment Covered||By Raw Material, By Type, By Application, By Function, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||Avebe U.A., Archer Daniels Midland Company, Global Bio-Chem Technology Group Company Limited, Emsland- Strke gmbh, Cargill Incorporated, Universal Starch Chem Allied.|
The various segments of Modified starch market are,
By Raw Material
- Cationic Starch
- Etherified Starch
- Resistant Starch
- Esterified Starch
- Food & Beverages
- Processed Foods
- Animal Feed
- Swine Feed
- Ruminant Feed
- Poultry Feed
- Weaving & Textiles
- North America
- Latin America and Middle East and Africa