Modifies Starch Market: Current Analysis and Forecast (2021-2027)

Modifies Starch Market: Current Analysis and Forecast (2021-2027)

Global Modified Starch is Expected to Display an Elevated CAGR of ~4% over the forecast period (2021-2027)

A rise in the per capita incomes in countries such as the United States and Canada coupled with the emerging culture of packaged and processed food is one of the prime factors which are resulting in the growing demand for modified starch associated with the production of food and beverages. As per Statista, the value of organic processed food in the united states is expected to reach USD 21.39 bn by 2020, up from USD 14.96 bn in 2016.

Also, emerging awareness about healthy food in the region is a contributing factor to the growth of the modified starch market. As per a survey on food and nutrition attitudes, 54% of Americans said people in the U.S. pay more attention to eating healthy foods today compared with 20 years ago. Moreover, The U.S. Department of Agriculture (USDA) announced an investment of up to US$1 billion, including US$500 million in American Rescue Plan funding, in The Emergency Food Assistance Program (TEFAP) to support and expand the emergency food network so states, food banks, and local organizations can reliably serve their communities.

Moreover, the growing trend of dining outside and partying culture is propelling the growth of the modified starch. As per Forbes, a third Of Americans Dine Out Daily At Fast-Food Restaurants. Moreover, According to the Centers for Disease Control and Prevention, between 2013 and 2016, 36% of adult Americans consumed fast food on any given day. Also, People who earned more money dined on fast food more frequently than lower-income people. Among higher-income people, 42% chose to eat fast food on any given day; the figures were 36% for middle-income people and 31% for lower-income people.Archer Daniel Midlands Company, CARGILL, Ingredion Incorporated, Tate & Lyle, Avebe U.A, Royal Ingredients Group, Roquette Frères, Emsland, Grain Processing Corporation, AGRANA, etc., are some of the prominent players operating in the modified starch market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with innovative products.

Insights Presented in the Report
"Amongst raw material, corn segment to grab considerable market share”

Based on the raw material, the market is fragmented into the potato, corn, cassava, wheat, and Other raw material. The corn segment grabbed XX% market share in 2020. A rising corn production across the globe and awareness about the health benefits of corn starch among consumers in contributing to the market growth. Worldwide 1,060,247,727 tonnes of corn are produced per year. The United States of America is the largest corn producer in the world with 384,777,890 tonnes of production volume per year
"Amongst application, food & beverage segment dominated the market in 2020”

Based on the application, the market is fragmented into food & beverage, feed, personal care products, and others. The food & beverage segment grabbed XX% market share and dominated the market in 2020. Surging disposable income and the growing demand for processed and packaged food is contributing to the growing share of the segment. Majorly the demand is emerging from the dairy and confectioneries. However, the personal care segment would witness a considerable CAGR in the forthcoming years.
"Amongst modification type, enzymatic modification to grab considerable market share”

Based on the modification type, the market is fragmented into physical modification, chemical modification, and enzymatic medication. The physical modification segment grabbed the XX% market share in 2020. However, the enzymatic modification segment would witness the highest CAGR in the forthcoming years
"Amongst function, Thickeners segment dominated the market in 2020”

Based on the function, the market is fragmented into Thickeners, Stabilizers, Binders, Emulsifiers, and Others. The thickeners segment grabbed XX% market share and dominated the market in 2020. Starch is commonly used to thicken and impart body texture in various kinds of soups & sauces. These products are available in a wide range of acidity (pH), water activity (Aw), and solid content depending on product characteristics. One of the factors leading to the increasing use of modified starch is the ability of modified starches to thicken without being heated.
"Asia-Pacific represents one of the largest markets of Modified Starch market”

For a better understanding of the market adoption of the modified starch market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific region grabbed XX% market for the modified starch market and generated revenue of USD XX Million in 2020. However, the North America region would witness the highest CAGR during the forthcoming years

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry