Global Modified Starch Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
Modified starch, also called starch derivatives, are prepared by physically, enzymatically, or chemically treating native starch to change its properties.
Market Overview:The latest research study on the global Modified Starch market finds that the global Modified Starch market reached a value of USD 8687.68 million in 2022. It’s expected that the market will achieve USD 11780.2 million by 2028, exhibiting a CAGR of 5.21% during the forecast period.
Alternatives
The availability of alternatives and fluctuations in raw material prices are expected to hinder market growth. New and potential sources of modified starch and its untapped applications represent a major opportunity for market expansion. And if you don't grasp it, the market may be occupied by substitutes. The increasing use of gum arabic as an alternative to modified starch in beverage and confectionery products, for example, inhibits the growth of the modified starch market.
High cost
The availability of raw materials depends on climatic conditions, as adverse conditions impede overall production and affect the supply of raw materials for obtaining modified starch. This has also led to an increase in the price of raw materials, affecting the final price of modified starch products. Rising raw material costs and high R&D costs can hinder the development of the modified starch market.
Large downstream demand
Modified starch products are widely used in the food and beverage field as emulsifiers, stabilizers and thickeners in the production of bakery products, biscuits, noodles and other convenience foods. Modified starch is used in the expansion of production facilities and in the food, paper and textile industries. The demand for products is growing, usually made of corn and wheat, because they are low cost and easy to obtain and process. The paper industry is another major application of modified starches due to their adhesive properties for the manufacture of high strength and highly quality papers with suitable surface sizing, coating and calendering. In addition, modified starches are also used in pharmaceuticals, animal feed, textiles, cosmetics and other industries.
Region Overview:North America had the highest growth rate of all regions.
Company Overview:Archer Daniels Midland Company is one of the major players operating in the Modified Starch market, holding a share of 13.32% in 2023.
Archer Daniels Midland Company
Archer Daniels Midland (ADM) is a global food processing and commodity trading company in the United States. It has always been known as a food and ingredients company but also invests in fuel production.
Ingredion
Ingredion is the world's leading ingredient solutions company. Produces sweeteners, starches, nutrients and biomaterials for customers to use in everyday products, from food and beverages to paper and pharmaceuticals.
Segmentation Overview:Among different product types, Modified Corn Starch segment is anticipated to contribute the largest market share in 2028.
Application Overview:By application, the Food & Beverages segment occupied the biggest share from 2018 to 2022.
Key Companies in the global Modified Starch market covered in Chapter 3:Zhucheng Xingmao
SMS Corporation Co. Ltd
Tereos
Emsland- Stärke GmbH
Agrana Beteiligungs-Ag
Tate & Lyle PLC
Guangxi State Farms Mingyang Biochemical
Grain Processing Corporation
Avebe U.A.
Ingredion
Roquette Frères
Budi Starch & Sweetener
Archer Daniels Midland Company
Global Bio-Chem Technology Group
Cargill
In Chapter 4 and Chapter 14.2, on the basis of types, the Modified Starch market from 2018 to 2029 is primarily split into:Modified Cassava Starch
Modified Sago Starch
Modified Corn Starch
Others
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Modified Starch market from 2018 to 2029 covers:Food & Beverages
Paper Making and Textile
Pharmaceuticals
Animal Feed
Cosmetics
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)