Global Octenyl Succinct Anhydride Modified Starch Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Octenyl Succinct Anhydride Modified Starch Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Octenyl Succinct Anhydride Modified Starch is one of chemically modified starches. It is synthesized by esterification between the hydroxyl group of the starch and the carboxyl group of OSA, has also been utilized for preparing β-carotene emulsions due to its strong surface activity and good emulsifying properties.

Market Overview:

The latest research study on the global Octenyl Succinct Anhydride Modified Starch market finds that the global Octenyl Succinct Anhydride Modified Starch market reached a value of USD 724.12 million in 2022. It’s expected that the market will achieve USD 992.22 million by 2028, exhibiting a CAGR of 5.39% during the forecast period.

The global spread of COVID-19 has led to a sharp decline in consumption. In order to control proliferation, governments of various countries have adopted strict control measures, which have achieved good results. Thanks to the government's timely and strong measures, the epidemic will soon be brought under control, and people's lives and the production and operation of enterprises will return to normal. But at the same time, the epidemic will also test the operation and management of deep processing companies in all aspects, and will have a profound impact on the entire industry model.

The continuation of the first epidemic will cause insufficiently prepared companies to face a survival crisis, which will promote and accelerate the integration of the modified starch industry.
After decades of rapid development, the starch industry has formed a large number of outstanding enterprises with scale, products and technology. But at the same time, it is also faced with the problems of large number of enterprises, small overall scale, and mainly relying on price competition. The epidemic is a huge test for all companies. It poses severe challenges to companies from the perspectives of whether they have sufficient business volume, sound systems, and adequate anti-risk capabilities. This situation may lead to corporate reorganization or mergers and acquisitions between companies, and promote the integration of the OSA modified starch industry.

OSA starch has superior functions and is widely used in the food industry

Starch is the main ingredient of food. Various natural starches, such as rice starch, corn starch, potato starch, etc., are affected by their own properties and do not meet the requirements of new processes in today's industrial production. Many properties will change and have special nutritional value. It is a food additive approved by the FDA.
The starch is modified by Octenyl Succinct Anhydride Modified Starch to improve the gelatinization performance. OSA modified starch is also an effective emulsifier. The emulsification performance increases with the increase of its multifunctional hydrophobic group. It can be widely used in various applications. A kind of cakes and baby food. In frozen food, the freeze-thaw stability of starch has higher requirements. OSA modified starch has higher stability than native starch and can be widely used in frozen food.

Raw material prices fluctuate significantly

Natural resources such as wheat, cassava, corn and rice are used as raw materials for the production of Octenyl Succinct Anhydride Modified Starch and its derivatives. These raw materials are widely used in the production of OSA modified starch, as well as in the production of bioethanol products. In the fields of food and beverages, feed, pharmaceuticals, cosmetics and paper, the consumption of modified starch has increased, which has led to an increase in demand for the starch, which has led to an increase in raw material prices. The modified starch industry relies heavily on raw materials-traditional and organic corn, wheat, potatoes and rice. The price of raw materials depends on the crop area and the harvest from which the raw materials are obtained. The raw material is the largest part of the production cost of OSA modified starch. The fluctuation of raw material price has a great impact on the production cost and product profitability.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

Cargill Inc. is one of the major players operating in the Octenyl Succinct Anhydride Modified Starch market, holding a share of 25.12% in 2022.

Cargill Inc.

Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, Cargill helps people thrive by applying our insights and 150 years of experience.

ADM

Archer-Daniels-Midland Company procures, transports, stores, and merchandises agricultural commodities and products. The Company processes oilseeds, corn, milo, oats, barley, peanuts, and wheat. Archer-Daniels-Midland also processes produce products which have primarily two end uses including food or feed ingredients.

Segmentation Overview:

By type, Corn segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Food & Beverage, with a market share of 54.04% in 2021.

Key Companies in the global Octenyl Succinct Anhydride Modified Starch market covered in Chapter 3:

Emsland-Stärke Gmbh
Roquette
Cargill Inc.
Südzucker Ag
ADM
Tate & Lyle
Ingredion

In Chapter 4 and Chapter 14.2, on the basis of types, the Octenyl Succinct Anhydride Modified Starch market from 2018 to 2029 is primarily split into:

Corn
Wheat
Potato
Cassava Starch
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Octenyl Succinct Anhydride Modified Starch market from 2018 to 2029 covers:

Food & Beverage
Personal Care/Cosmetics
Other Applications

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)