Modified Starch Market Synopsis
Modified Starch Market Size Was Valued at USD 14.12 Billion in 2023 and is Projected to Reach USD 18.75 Billion by 2032, Growing at a CAGR of 3.2% From 2024-2032.
Modified starch refers to a chemically altered form of starch, derived from various plant sources such as corn, wheat, or potatoes. The modification process involves treating native starch to enhance its functional properties, including stability, texture, and thickening ability. Common modification methods include physical, chemical, and enzymatic processes.
- Applications of modified starch are diverse and span across industries. In the food industry, it is utilized as a thickening agent, stabilizer, and emulsifier in products like soups, sauces, and desserts. In the paper industry, modified starch improves paper quality and strength. Additionally, it finds applications in textiles, pharmaceuticals, and as a binder in the production of adhesives.
- Increased demand for natural and clean-label ingredients has driven the development of modified starches with minimal processing and no chemical additives. Sustainability concerns have led to a focus on using non-GMO (genetically modified organisms) sources for starch modification. Moreover, the development of novel modified starches with improved functionalities, such as better freeze-thaw stability or resistance to high temperatures, reflects the ongoing innovation in this industry. The market is also influenced by the growing awareness of dietary restrictions, prompting the production of modified starches suitable for various dietary needs, including gluten-free and vegan formulations.
Modified Starch Market Trend Analysis
Growing Food and Beverage Industry
- As global populations undergo shifts in lifestyle, dietary preferences, and increased urbanization, there is a corresponding surge in demand for processed and convenience foods. Modified starches play a crucial role in this sector by imparting desirable textural attributes, stability, and shelf-life extension to a wide array of food products.
- With consumers leading increasingly busy lives, there is a rising inclination towards convenient and ready-to-eat meals. Modified starches act as key ingredients in the formulation of these processed foods, enhancing their overall quality. From improving the texture of sauces and dressings to stabilizing dairy products and providing structure in baked goods, modified starches address diverse needs within the food industry.
- Moreover, the demand for healthier and cleaner label products has become a prevalent consumer trend. Modified starches, with their ability to serve as natural and clean label ingredients, meet this demand, aligning with the broader shift towards mindful and transparent food choices. As a result, manufacturers in the food and beverage industry increasingly rely on modified starches to meet consumer expectations for both convenience and health, making it a major driving force propelling the market forward.
The Increasing Demand for Clean Label and Natural Products
- Consumers are increasingly scrutinizing food labels, seeking products with transparent ingredient lists and minimal processing. This shift in consumer behavior is driven by a growing awareness of health and wellness, as well as a desire for more wholesome and authentic food experiences.
- Modified starches, with their ability to enhance product functionalities while maintaining a clean label status, are poised to meet this demand. Manufacturers can capitalize on this opportunity by developing modified starch formulations that undergo minimal processing and exclude synthetic additives. Emphasizing natural sources and production methods aligns with consumer preferences for recognizable, plant-based ingredients.
- Moreover, the clean label trend extends beyond dietary considerations to include environmental and ethical aspects. Modified starch manufacturers have the opportunity to adopt sustainable practices, such as sourcing raw materials responsibly and employing eco-friendly production methods. This dual focus on clean labels and sustainability not only addresses consumer concerns but also positions products favorably in a market where ethical and environmental considerations increasingly influence purchasing decisions.
- The surge in demand for clean labels and natural products provides a strategic opening for the modified starch market. Manufacturers can differentiate their offerings by prioritizing transparency, natural sourcing, and sustainability, thereby catering to the evolving preferences of health-conscious and environmentally aware consumers.
Modified Starch Market Segment Analysis:
Modified Starch Market Segmented based on type, function, and application.
By Type, Corn segment is expected to dominate the market during the forecast period
- The corn segment is expected to dominate the modified starch market, showcasing robust growth and registering the highest market share. This anticipation is driven by several factors inherent to corn-based modified starches. Corn starch offers versatile applications, providing desirable textural and functional properties to a wide range of products in the food and non-food sectors.
- In the food industry, corn-based modified starch is extensively utilized for its excellent thickening, gelling, and stabilizing characteristics, making it a preferred choice for various processed foods. Additionally, corn-based modified starch aligns with the clean label trend, meeting consumer demands for natural and recognizable ingredients.
- Furthermore, the availability of corn as an abundant and cost-effective raw material contributes to the dominance of the corn segment. The widespread adoption of corn-based modified starches across diverse industries positions it as a key player in the market, driving its anticipated maximum market share.
By Application, Food & Beverages segment held the largest market share of 53.1% in 2022
- The Food and beverages segment has emerged as the dominant force in the modified starch market, securing the largest market share. This leadership position is attributed to the widespread and varied applications of modified starches within the food and beverage industry. Modified starches play a crucial role in enhancing texture, stability, and shelf life in a myriad of food products, ranging from sauces and dressings to bakery items and convenience foods.
- The versatility of modified starches in addressing specific formulation needs, such as thickening, gelling, and binding, contributes to their widespread adoption in the food and beverage sector. As consumers seek convenience and innovative food experiences, manufacturers increasingly rely on modified starches to meet these evolving demands. The Food and beverage segment's dominance is reflective of the integral role that modified starches play in shaping the sensory and structural attributes of a diverse array of food and beverage products, consolidating its position as a key market driver.
Modified Starch Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast Period
- North America is poised to assert its dominance in the modified starch market over the forecast period, holding a leading position in terms of market share. This regional prominence can be attributed to several factors, including the well-established and dynamic food and beverage industry in the region. The demand for modified starches in North America is driven by continuous innovation in food processing, the introduction of new products, and the growing preference for convenience foods.
- Additionally, the region's commitment to adopting advanced technologies and its emphasis on clean labels and natural ingredients align with the properties offered by modified starches. The robust presence of key market players, coupled with a heightened awareness of health and wellness among consumers, further contributes to North America's anticipated dominance. As a hub for food innovation and industry trends, North America is expected to lead in shaping the trajectory of the modified starch market in the coming years.
Modified Starch Market Top Key Players:
- Cargill (U.S.)
- Ingredion Incorporated (U.S.)
- Archer Daniels Midland Company (U.S.)
- Roquette Frères (France)
- Tate & Lyle Plc (U.K.)
- Grain Processing Corporation (U.S.)
- Emsland Group (Germany)
- Avebe (Netherlands)
- Beneo Gmbh (Germany)
- Agrana Group (Austria)
- Penford Corporation (U.S.)
- Südstärke Gmbh (Germany)
- Sms Corporation (Thailand)
- Global Bio-Chem Technology Group Company Limited (Hong Kong)
- Thai Flour Industry Co., Ltd. (Thailand)
- Avebe U.A. (Netherlands)
- Karandikars Cashell Private Limited (India)
- Everest Starch (India)
- Universal Starch-Chem Allied Ltd. (India)
- Tereos S.A. (France)
- The Tereos Group (France)
- Banpong Tapioca Flour Industrial Co., Ltd. (Thailand)
- Adm Corn Processing (U.S.) And Other Major Players
Key Industry Developments in the Modified Starch Market
- In April 2024, Ingredients specialist Loryma is expanding its Lory® Crumb portfolio with two new varieties made from rice flour and milk protein. The extruded flakes can enhance both the texture and nutritional profile of instant products such as porridge or pudding. Thanks to excellent swelling properties, the product has a homemade texture and is ready in just a few minutes, depending on the temperature of the liquid added. The extrudates are available in different variants and can be used on their own or in combination. This makes it possible to achieve targeted nutritional profiles with a focus on protein or carbohydrate content, or both.
- In July 2024, Cargill and University of Minnesota partner on winter camelina and pennycress research, Cargill and the Forever Green Initiative, a research platform in the College of Food, Agricultural and Natural Resource Sciences at the University of Minnesota, are partnering to study winter camelina and domesticated pennycress. The collaboration will focus on the development of high performing seed varieties and farming techniques adapted for the unique growing conditions of the Upper Midwest.
Global Modified Starch Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 14.12 Bn. |
Forecast Period 2024-32 CAGR: |
3.2 % |
Market Size in 2032: |
USD 18.75 Bn. |
Segments Covered: |
By Type |
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By Function |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- MODIFIED STARCH MARKET BY TYPE (2017-2032)
- MODIFIED STARCH MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- CORN
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- WHEAT
- CASSAVA
- POTATO
- MODIFIED STARCH MARKET BY FUNCTION (2017-2032)
- MODIFIED STARCH MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- THICKENERS
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- STABILIZERS
- BINDERS
- EMULSIFIERS
- MODIFIED STARCH MARKET BY APPLICATION (2017-2032)
- MODIFIED STARCH MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- FOOD & BEVERAGES
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- FEED
- INDUSTRIAL
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- MODIFIED STARCH Market Share By Manufacturer (2023)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- CARGILL (U.S.)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- INGREDION INCORPORATED (U.S.)
- ARCHER DANIELS MIDLAND COMPANY (U.S.)
- ROQUETTE FRÈRES (FRANCE)
- TATE & LYLE PLC (U.K.)
- GRAIN PROCESSING CORPORATION (U.S.)
- EMSLAND GROUP (GERMANY)
- AVEBE (NETHERLANDS)
- BENEO GMBH (GERMANY)
- AGRANA GROUP (AUSTRIA)
- PENFORD CORPORATION (U.S.)
- SÜDSTÄRKE GMBH (GERMANY)
- SMS CORPORATION (THAILAND)
- GLOBAL BIO-CHEM TECHNOLOGY GROUP COMPANY LIMITED (HONG KONG)
- THAI FLOUR INDUSTRY CO., LTD. (THAILAND)
- AVEBE U.A. (NETHERLANDS)
- KARANDIKARS CASHELL PRIVATE LIMITED (INDIA)
- EVEREST STARCH (INDIA)
- UNIVERSAL STARCH-CHEM ALLIED LTD. (INDIA)
- TEREOS S.A. (FRANCE)
- THE TEREOS GROUP (FRANCE)
- BANPONG TAPIOCA FLOUR INDUSTRIAL CO., LTD. (THAILAND)
- ADM CORN PROCESSING (U.S.) AND OTHER MAJOR PLAYERS
- COMPETITIVE LANDSCAPE
- GLOBAL MODIFIED STARCH MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By TYPE
- Historic And Forecasted Market Size By FUNCTION
- Historic And Forecasted Market Size By APPLICATION
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Global Modified Starch Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 14.12 Bn. |
Forecast Period 2024-32 CAGR: |
3.2 % |
Market Size in 2032: |
USD 18.75 Bn. |
Segments Covered: |
By Type |
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By Function |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Modified Starch Market research report is 2024-2032.
Cargill (U.S.), Ingredion Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Roquette Frères (France), Tate & Lyle PLC (U.K.), Grain Processing Corporation (U.S.), Emsland Group (Germany), Avebe (Netherlands), Beneo GmbH (Germany), AGRANA Group (Austria), Penford Corporation (U.S.), Südstärke GmbH (Germany), SMS Corporation (Thailand), Global Bio-chem Technology Group Company Limited (Hong Kong), Thai Flour Industry Co., Ltd. (Thailand), AVEBE U.A. (Netherlands), Karandikars Cashell Private Limited (India), Everest Starch (India), Universal Starch-Chem Allied Ltd. (India), Tereos S.A. (France), The Tereos Group (France), Banpong Tapioca Flour Industrial Co., Ltd. (Thailand), ADM Corn Processing (U.S.) and Other Major Players.
Modified Starch Market is segmented into Type, Function, Application, and region. By Type, the market is categorized into Corn, Wheat, Cassava, and Potato. By Function, the market is categorized into Thickeners, Stabilizers, Binders, and Emulsifiers. By Application, the market is categorized into Food & Beverages, Feed, and Industrial. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Modified starch refers to a chemically altered form of starch, derived from various plant sources such as corn, wheat, or potatoes. The modification process involves treating native starch to enhance its THICKENERSl properties, including stability, texture, and thickening ability. Common modification methods include physical, chemical, and enzymatic processes.
Modified Starch Market Size Was Valued at USD 14.12 Billion in 2023 and is Projected to Reach USD 18.75 Billion by 2032, Growing at a CAGR of 3.2% From 2024-2032.