Global Modified Starch Market by Product (Starch Esters & Ethers, Resistant, Cationic), by End Use (Paper, F&B, Animal Feed, Textiles) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2016, the global market for modified starch was worth USD 9.36 billion. It is expected to grow at a 5.7% CAGR between 2017 and 2025. The global market is expected to grow due to rising demand for convenience foods and the rapid development of the pharmaceutical industry in Asia Pacific. It is highly competitive and fragmented, with many companies concentrated in North America and Europe as well as the Asia Pacific.

Due to high demand from different end-use industries, the U.S. has always been a leading country in the global starch market. Food & Beverage, Oil and Drilling, Pharmaceuticals, Animal Fee, Oil and Drilling, Petroleum, Petrol and Drilling, Paper, Textiles and Paper are the major end-use industries. Because of their low cost, availability, and ease in processing, modified starches are usually made from wheat and maize.

In terms of collaboration with large-scale producers, small-scale mill owners are an important part of the manufacturing process. They also act as contract manufacturers. The majority of prominent companies in this market focus on research and development to use new technology in processing to improve product properties, and overall capabilities.

Modified starch products are used extensively in the F&B industry as stabilizers, emulsifiers and thickening agents for the production of biscuits, cakes, noodles and other convenience foods. Asia Pacific will be the fastest growing market due to the expansion of production facilities in the region and the increasing product demand from the textile, paper and food sectors.

Product Insights

Volume growth is expected to be rapid at 4.6% between 2017 and 2025 for cationic starches. This is due to the unique properties of the product, such as dry strength and emulsification sizing agents. It is widely used in the paper industry. These factors, along with the retention and drainage characteristics will increase the demand for paper products over the next few years. In 2016, starch esters and ethers dominated the market.

These products are expected to see a rise in demand due to their ability to improve food texture and shelf-life. The segment will also be driven by a positive outlook for the food and beverage industries in China and India. These emerging economies will also see a significant increase in the demand for advanced medicines from consumers, which in turn will drive product demand over this forecast period.

Material Insights

In 2016, the corn-based modified Starch segment led the market and is expected to continue its dominance over the forecast period, expanding at a CAGR 5.9%. Corn is one the most readily available raw materials. Modified starch made from corn is used extensively in many industries. It can be used as thickening agents and stabilizers. Cassava starch can be found in many applications such as food, drinks, confectionery and paper. These products have remarkable properties, including high paste clarity, freeze stability, and viscosity. This is what has driven the growth of the cassava-based market.

Function Insights

The thickeners market dominated in terms of revenue in 2016. It is expected to rise at a CAGR 5.7% during the forecast period. Modified starch is used as a thickening agent to increase the viscosity without affecting other properties. It is widely used in F&B, particularly in sauces and gravies. It can also be used to emulsify end-use products in many industries, particularly in F&B products containing flavored oils. Over the forecast period, the emulsifier market is expected to see healthy growth.

End-use Insights

Globally, the food & beverages segment dominated the market and held 37.6% revenue share in 2016. It is often used in desserts and can thicken by adding cold water or milk. Similar to cheese sauce granules, gravy granules can be thickened using boiling water to prevent the product from becoming lumpy.

Small mills that are close to root crop farms have the advantage of reducing transportation and logistics costs. This has resulted in lower overheads and improved efficiency. India is the Asia Pacific's largest producer of raw textile materials and the government has been able to influence the market.

Regional Insights

North America dominated the global market, with a more than 40% revenue share in 2016. The region's growing awareness of the health benefits of low-fat foods is expected to drive product demand, especially in the United States, which is the largest producer of corn and cornstarch in the world. Canada is the second largest contributor to the North American market due to rising demand for animal feed products. New growth opportunities have been created in Asia Pacific by favorable government policies to promote modified starch products in agriculture trade and investments in the sector.

The agriculture sector is a key contributor to the GDP of many countries, including India, China and South Korea. With high levels of development in emerging economies, the Asia Pacific region has been responsible for a large portion of global production. Also, the Asia Pacific textile industry is expected to have a positive effect on the global market.

Market Share Insights & Key Companies

Cargill Inc. was a prominent player in the market in 2016. The company produces modified starch products that can be used in personal care, beverages and confectionery snacks. Cargill introduced a modified starch, 'C PulpTex 12931,' in July 2015. This product is resistant to harsh processing conditions and can be used to improve soup texture, sauces and condiments. Archer Daniels Midland Company, (ADM), offers starch products that can be used in food products to increase shelf life and bake foods to add strength.

ADM opened distribution and marketing offices in El Salvador, Guatemala and Guatemala in August 2015 to expand its presence in Central America. Agrana Betteiligungs-AG, Archer Daniels Midland Company, and Avebe U.A. are some of the key industry participants. ; Emsland-Starke GmbH; Global Bio-Chem Technology Group Co. Ltd.; Cargill, Inc.

Modified Starch Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth and volume growth at the global, regional and country level. It also provides analysis of industry trends for each sub-segment from 2014 through 2025. Grand View Research has divided the global modified starch market report by product, material and function.

• Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • Starch esters and ethers

  • Resistant

  • Cationic

  • Pre-gelatinized

  • Other

• Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • Corn

  • Cassava

  • Wheat

  • Potato

  • Other

• Function Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • Stabilizers

  • Thickeners

  • Emulsifiers

  • Binders

  • Other

• End-use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • Food & Beverage

  • Animal Feed

  • Paper

  • Pharmaceuticals

  • Textiles

  • Other

• Region Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • Finland

    • Netherlands

  • Asia Pacific

    • China

    • India

    • Japan

    • Thailand

  • Central & South America

    • Brazil

  • MEA

These are the most frequently asked questions about this report

b. Modified starch is a global market that was valued at USD 10.42 Billion in 2019. It is projected to grow to USD 11.08 Billion by 2020.

b. Global market for modified starch is expected to grow at 6.7% compound annual growth rate between 2019 and 2025, reaching USD 16.85 billion in 2025.

b. With a 41% share in 2019, North America was the dominant market for modified starch. This can be attributed to the fact that the region is beginning to see the benefits of low-fat foods.

b. Agrana Betteiligungs-AG, Archer Daniels Midland Company, and Avebe U.A. are some of the key players in the modified starch industry. ; Emsland-Starke GmbH; Global Bio-Chem Technology Group Co. Ltd.; Cargill, Inc.

b. Modified starch is a key ingredient driving market growth. Its increasing use in F&B as an emulsifier, stabilizer, and thickening agent in the production of biscuits, cakes, and other convenience foods products are some of its key attributes.

Up Market Research published a new report titled “Modified Starch Market research report which is segmented by Product (Starch Esters & Ethers, Resistant, Cationic), by End Use (Paper, F&B, Animal Feed, Textiles), By Players/Companies Agrana Beteiligungs-AG; Archer Daniels Midland Company; Avebe UA; Emsland-Starke GmbH; Global Bio-Chem Technology Group Co Ltd; Cargill, Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Modified Starch Market Report Segments:

The market is segmented by Product (Starch Esters & Ethers, Resistant, Cationic), by End Use (Paper, F&B, Animal Feed, Textiles).

Modified Starch Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Modified Starch Market

Overview of the regional outlook of the Modified Starch Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Modified Starch Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Modified Starch Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Starch Esters & Ethers

                2. Resistant

                3. Cationic

                1. Paper

                2. F&B

                3. Animal Feed

                4. Textiles

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Modified Starch Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Modified Starch Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.