Modified Starches Market Research and Projections 2017-2022 on Consumer Needs, Pricing Strategy, Revenue and Growth Rate

Market Overview:
There is a rise in the demand of modified starches due to rapid growth of food industry. Modified starches have several uses in a variety of foods such as bakeries, snacks, beverages as well as functional foods. This has surged the growth of the global modified starches market. Market Research Future, a firm which specializes in market reports related to the Foods, Beverages & Nutrition sector among others, recently forecasted in its report “Global Modified Starches Market Research Report- Forecast to 2022” that the market will demonstrate an exceptional CAGR while achieving good growth rapidly in the forecast period.

The production of starch is from renewable resource especially cassava starch, as it is produced in abundant quantities in many countries. The starch based bio-degradable plastic is a good barrier to oxygen in dry state. This plastic is generally used for wrapping fast food items and planting pots for agriculture purposes and others. Biopolymers based on fermentation products such as PHB (polyhydroxybutyrate), polylactic acid are polyester 100% based on starch which has various application such as in molds, films, fibers and medical implants.

Wet-end starch additives comprises of bonding agents as it helps in binding fibers firmly composed in the sheet. Furthermore, modified starches are also used as binders for compressing powders and dust to tablets, slabs, and blocks for future processing purpose. Urea, formaldehyde and phenol are replaced by cheap binders like sulphite black liquors which also help in reducing hazards caused by other chemical binding agents to the environment. The major use of starch products in textile industry includes being used as a strengthening agent in draping yarns and improving the resistance to abrasion throughout weaving. Starch products are also used in the glazing of fabrics. Miscellaneous applications for starch products include their use as flocculating agents, anticaking agents, mold-release agents, dusting powder, binders for pharmaceutical products, thickening agents and as raw materials in the production of chemicals and explosives. Hence, diverse application in various industries will drive the market of modified starches globally.

Applications of modified starches are stabilizing agent, emulsifying agent, thickening agent, and as freeze-thaw stabilizing agent. The food and beverage industry have huge demand for modified starches. However, use of acacia gum as a substitute to modified starches might slow down the modified starch market, as the substitute offers effective solutions to replace modified starches by enhancing processing, flavors, and mouth feel. This rising demand for acacia gum poses a threat to the modified starches market over the review period.

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Latest Industry Updates:
Oct 2017 Cargill Inc., has launched a portfolio of functional native starches under the new SimPure brand. SimPure offers food and beverage manufacturer’s tailor-made, functional native starches that deliver the simple ingredient label consumers want, along with greater process tolerance, shelf life and storage stability.

Aug 2017 Tate & Lyle PLC, a leading global provider of food ingredients and solutions, has announced expansion of its line of CLARIA functional clean-label starches with the introduction of two new instant starch products: CLARIA Instant 340 and 360.

Mar 2017 Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries has announced six additions to its PRECISA Crisp line of functional starch texturizers for the snack industry. 

Jan 2017 Ingredion Incorporated launched 9 additions to Non-GMO Project certification. The starches product line offers extensive variety of development tolerance and stability in various applications such as dressings, sauces, ready meals, yogurts and dairy desserts.

Major Key Players:
The global modified starches market is mainly occupied by some key manufacturers. The competitive environment in this market is estimated to increase, with an increase in product portfolio from current key players. Most of the companies operating in this market are focusing on expanding its operations across the geographies, augmenting its capabilities and investing in research and development to offer products with better functionality.

Industrial players are involved in the acquisition of small players which will further support the company to expand and reach out to consumers across the regions. Consumers in developing countries are keen on exploring new product range offered to them and form a large consumer base. With strategic expansions, market players can focus on penetrating into the developing economies to expand their business portfolio.

The key players profiled in Modified Starches are Cargill Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K), Agrana Beteiligungs-AG (Austria), Grain Processing Corporation (U.S.), and Roquette Frères (France) among many others.

Market Segments:
The global modified starches market has been divided into source, form, application, and region.

On the Basis of Source: Corn, Wheat, Cassava, Potato, and Others

On the Basis of Form: Powder, Liquid, and Gel

On the Basis of Application: Foods & Beverages (Confectionery, Processed food, Beverages, and Others), Non-Food (Corrugating & Paper Making, Pharmaceutical, Textiles, Personal Care, and Others)

On the Basis of Region: North America, Europe, Asia Pacific, and ROW

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Regional Analysis:
The global modified starches market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American region is dominating the global modified starches market. Advancement in the technology for modification of starches has fueled the demand for cassava starch. The U.S. holds the major market share in the North American region. Europe is projected to grow at the fastest rate in the coming years owing to rising demand for modified starches from the paper industry, and textiles.

Furthermore, Asia-Pacific region is projected to be the fastest growing market over the review period. Increase in population and surge in the demand for modified starch, especially in China and India, is anticipated to uplift the demand for modified starches market in the this region. New industrial setup in both food and non-food industries in the Asia-Pacific region have uplifted the demand more modified starches.

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This release was published on openPR.