Modified Starch Markett to Record Steady Growth by 2025 | Key Players are Cargill, Ingredion, Tate & Lyle, Roquette Frères, Avebe U.A, Grain Processing Corporation, Emsland, AGRANA

Modified Starch Markett to Record Steady Growth by 2025 |  Key Players are Cargill, Ingredion, Tate & Lyle, Roquette Frères, Avebe U.A, Grain Processing Corporation, Emsland, AGRANA

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The global modified starch market size is estimated to be valued at USD 13.1 billion in 2020 and projected to reach USD 14.9 billion by 2025, recording a CAGR of 2.7%

According to MarketsandMarkets Modified Starch Market by Raw Material (Corn, Cassava, Potato, and Wheat), Application (Food & Beverages (Bakery & Confectionery, Processed Foods, Beverages, and Other Food Applications), Industrial, and Feed), Form, and Region – Global Forecast to 2025″, the global modified starch market size is estimated to be valued at USD 13.1 billion in 2020 and projected to reach USD 14.9 billion by 2025, recording a CAGR of 2.7%, in terms of value. The functional properties of modified starch and their ease of incorporation in a wide range of applications are driving the global modified starch market.

Modified Starch Market

Drivers: Functional properties of modified starch and their ease of incorporation in a wide range of food applications

Modified starch enables the modification of basic properties of native starch and obtaining certain functional properties suitable for a wide range of industrial applications. It has a variety of functions; it is used as a thickener, texture agent, fat replacer, and emulsifier. Modified starches, because of their characteristic of absorbing water and bulking up, render the essential mouthfeel to the food products they are used in. This makes them an excellent substitute for fat. Starch is also used as a thickener or as a gelling agent in food products, as the texture is one of the important factors for the consumers to accept the food products. Oxidized starches are used as thickeners and subsidiary gelatin agents in sauces, jellies, puddings, and ice creams. The advancement in technology used for processing starch has developed a variety of ingredients that can be customized to meet most formulating challenges.

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Challenges: Rising cost of raw materials

Natural sources such as wheat, cassava, corn, and rice are used as raw materials for manufacturing modified starch and its derivatives. These raw materials are used widely for the production of modified starch are also used in the production of bio-ethanol products. Increasing consumption of modified starch in segments such as food & beverages, feed, pharmaceuticals, cosmetics, and paper leads to higher demand for this starch, thereby resulting in rising in the prices of raw materials. The modified starch industry is heavily dependent on raw materials—conventional and organic raw corn, wheat, potato, and rice. The raw material prices depend on the crop plantation area and harvest from which the raw materials are obtained.

The corn segment accounted for the largest share in the modified starch market

Based on raw material, corn dominated the modified starch market. Corn is a staple food, and it is preferred across the globe due to its importance in the diets of several countries. It is used extensively as a thickening agent in soups and liquid-based foods such as sauces, gravies, and custards.

The Asia Pacific region dominated the modified starch market with the largest share in 2019, and it is also expected to grow with the highest CAGR

The modified starch market in Asia Pacific is dominant due to the increasing demand for processed food because of a shift in lifestyle trends. People are looking for ready-to-eat meal options as they are leading a busy life.

Asia Pacific is also the fastest-growing market as industrial applications and technologies involved in starch processing are changing rapidly in the region. The demand for modified starch is increasing as various industries are incorporating in their manufacturing processes and products. Also, key players are increasingly investing in the Asia Pacific modified starch market.

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This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Archer Daniels Midland Company (ADM) (US), Cargill (US), Ingredion (US), Tate & Lyle (UK), Roquette Frères (France), Avebe U.A (the 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), 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), and Gromotech Agrochem Pvt. Ltd. (India).

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