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Modified Starch Market to Surpass US$ 16.46 Billion by 2027

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Modified Starch Market to Surpass US$ 16.46 Billion by 2027

August 22
21:28 2019
Modified Starch Market to Surpass US$ 16.46 Billion by 2027

Modified Starch Market
The research report on Modified Starch Market is segmented by Process Type, by End-use Industry, by Raw Material and by Region – Size, Share, Outlook, and Opportunity Analysis, 2018-2026

The global modified starch market was valued at US$ 10.24 billion in 2018, according to Modified Starch Market Report, by Process Type (Cationization, Crosslinking, Acid Hydrolysis/Treatment, Acetylation, and Others), by End-use Industry (Food & Beverages, Animal Feed, Pharmaceuticals, Textiles, Paper & Packaging, Personal Care, and Others), by Raw Material (Corn, Tapioca, Wheat, and Others), and by Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa) published by Coherent Market Insights.

The global modified starch market is projected to reach US$ 16.46 billion by 2027, exhibiting a CAGR of 5.5% during the forecast period (2019-2027). Increasing demand for modified starch in the food and beverages, animal feed, pharmaceuticals, textiles, paper and packaging, and personal care industries is expected to boost growth of the modified starch market over the forecast period.

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Modified starch finds application in food and beverages industry. It is primarily used as a stabilizer, binder, and thickening agent. The addition of modified starch also increases the shelf life of the end product. The sterility of the product is maintained even at severe conditions such as both high and low temperatures. Moreover, addition of starch helps the food to preserve its structure. Rapid growth in demand for food & beverages in the two largest populations of the world i.e. China and India has in turn boosted the modified starch market growth. According to The World Bank, with a population of 1.3 billion in 2008, China has surpassed the U.S. as the world’s largest consumer of food and beverages. According to the China Britain Trade Council, the food industry in China witnessed an overall turnover of US$ 514 billion in 2014.

Increasing use of gum arabic is a potential restraint to the modified starch market growth. Gum arabic is used to stabilize beverage emulsions, in printing, paint production, glue, cosmetics, textiles, and for viscosity control in inks. Along with its functional advantages, gum arabic also carries certain health benefits such as reduces body fat, helps wound healing, restricts blood loss and others.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/modified-starch-market-2619 

Browse 139 market data tables* and 156 figures* on “Modified Starch Market” – Global forecast to 2027.

Key Takeaways of the Market:

Based on raw material, the modified starch market is segregated into corn, tapioca, wheat, and others. Acid modified corn starch is used as gelling agent in confectionary products such as jelly beans, gum drops, and orange slices.

In 2018, among end-use industries, the paper and packaging segment held dominant position in the market, in terms of revenue. Cationic starches are mainly preferred in textiles, water treatment, paper, and cosmetic industry. Degree of Substitution (DS) is an important property of cationic starch, which defines its toxicity on the basis of number of cationic groups attached. Most of the cationized starch possesses DS value of less than 0.2. The demand for highly cationic starches with a DS over 0.07 is high in the paper & board industry.

In 2018, North America accounted for the largest revenue share of around 28.30% in the modified starch market. Major factors driving growth of the market in the region include, increasing demand for modified starch from the food and beverages and pharmaceutical industry in countries such as the U.S. and Canada. A large geriatric population has also contributed to market growth in North America and Europe. According to the Population Reference Bureau, Statistics Canada and EU, in 2014 the geriatric populations in these regions are 51 million in North America and 94 million in Europe which has boosted growth of the pharmaceuticals industry. The food and beverages industry in the largest modified starch end user in North America. In 2010, the food and beverages industry in the U.S. alone registered US$ 1.1 trillion in sales. Also, with a thriving specialty pharmaceutical industry, the modified starch market in the region is expected to be the third fastest growing in the world.

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Major players operating in the global modified starch market include, Archer Daniels Midland Company, Cargill, Ingredion Incorporated, Tate & Lyle, Emsland-Starke GmbH, Agrana Beteiligungs-AG, Grain Processing Corporation, Roquette Frère, and others

Key players in the market are focused on adopting acquisition strategies in order to enhance their product offerings. For instance, in April 2015, ADM expanded its corn processing facility by acquiring several assets of Eaststarch C.V. (U.S.), ADM’s 50-50% shared ownership with Tate & Lyle.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

 

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