Market Overview:
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 2023-2030.
Modified starches are derivatives of starch that undergo specific modifications to enhance their functionality. These modifications result in improved properties such as solubility in cold water, viscosity stability at different temperatures, enhanced fluidity when heated, and consistent stability over time. In the food industry, modified starches find widespread use in various products including microwaveable ready meals, powdered soups, and jams. They contribute to improved texture, viscosity, gel formation, adhesion, binding, moisture retention, and film formation. These starches play a crucial role in enhancing the overall quality and sensory attributes of food products. Additionally, modified starches have gained significance in the pulp and paper industries, where they are employed to enhance the strength and appearance of paper and corrugated cardboard. Modified starches play a pivotal role in food and other industries, contributing to improved product performance and meeting consumer demands.
Top Key Players Covered In The Modified Starch Market:
- Qindao CBH Company (China)
- Sanstar Bio-Polymers Ltd. (India)
- Roquette Frères (France)
- ADM (US)
- SMS Corporation (Thailand)
- Angel Starch Food Pvt. Ltd. (India)
- Tate & Lyle (UK)
- Shubham Starch Chem Pvt Ltd. (India)
- Cargill (US)
- Tereos (France)
- Universal Biopolymers (India)
- Ingredion (US)
- Everest Starch India Pvt Ltd. (India)
- Avebe U.A (Netherlands)
- Grain Processing Corporation (US)
- Sonish Starch Technology Ltd. (Thailand)
- KMC (Denmark)
- Gromotech Agrochem Pvt. Ltd. (India)
- Emsland (Germany)
- SPAC Starch (India)
- Beneo (Germany)
- Venus Starch Suppliers (India)
- Global Bio-Chem Technology Group (Hong Kong) And Other Major Players.
Market Dynamics and Factors:
The global market for modified starch is witnessing an upsurge in demand, fueled by the emergence of new food processing methods in the food industry. The primary driver of this demand stems from the utilization of modified starch in the production of animal feed. As the food processing industry continues to expand, the overall value of the global processed starch market is expected to increase. The demand for modified starch is particularly prominent in the food and beverage sector, where it finds wide-ranging applications.
The modified starch market is expected to find attractive opportunities in the dairy products industry. Modified maize starch, in particular, is widely utilized in the dairy sector as a thickener, stabilizer, and emulsifier. It serves as a fat replacer and creaminess enhancer in the production of yogurt, especially in reduced-fat and fat-free variants. To meet the evolving consumer demands, manufacturers are actively investing in research and development to introduce innovative dairy products.
The Modified Starch Market Report Highlight:
- By Type, the corn segment is anticipated to register the maximum modified starch market share over the projected period. One of the most widely available raw commodities is corn. Corn is a staple meal that is preferred over the world due to its relevance in many cultures' diets.
- By Function, thickeners accounted for most of the modified starch market over the forecast period. Some of the key causes for this sector's rise include the expansion of the food business and people's greater indulgence.
- By Application, the food and beverages segment is anticipated to register a significant growth rate over the forecasted timeline. Bakery & confectionery items, processed food, beverages, and others, which include snacks and soups, make up the food & beverage section. Modified starches have been around for a long time, and their uses in the food and beverage sector are becoming more and more important.
- The Asia Pacific region is expected to have the highest share of the Modified Starch market over the projected period. Demand for starch in the region has been pushed by the region's increasing manufacturing industries, which range from textiles to cosmetics.
Key Industry Development:
- 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.
Modified Starch Market Segmentation:
By Type
- Corn
- Wheat
- Cassava
- Potato
- Others
By Function
- Thickeners
- Stabilizers
- Binders
- Emulsifiers
By Application
- Food & Beverages
- Feed
- Industrial
- Others
For this report, Introspective Market Research has segmented the Modified Starch Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
