Modified Starch Market Growth by Top Key Players Archer Daniels Midland Company, Cargill, Ingredion Incorporated, Tate & Lyle, Emsland-Starke GmbH, Agrana Beteiligungs-AG, Grain Processing Corporation, Roquette Frère, and others.

Modified starch, also called starch derivatives, are prepared by physically, enzymatically, or chemically treating native starch to change its properties. Modified starch finds application in various end-use industries such as food & beverages, animal food, pharmaceuticals, textiles, paper and packaging, personal care, and others. Increasing demand for modified starch from end-use industries is expected to propel growth of the global modified starch market.

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Asia Pacific is the fastest growing market for modified starch. This is due to increasing population in India and China boosting demand for food, beverages, and pharmaceuticals. These countries are also growing as manufacturing hubs for pharmaceuticals due to low cost of labor and raw material. According to International Monetary Fund, Asia Pacific accounted for 50% of the world’s GDP in 2015, and is slated to become a prime consumer hub in the forecast period. In India, the government has allowed 100% Foreign Direct Investment (FDI) in food processing industries, which is expected to result in market growth.

The use of modified starch in food & beverages allows products to be stored over long durations. According to the Food and Agriculture Organization of the United Nations, in 2010, 1.3 billion tons of food is wasted, mainly due to spoilage. The use of modified starch is expected to reduce this mammoth figure.

Modified starch is manufactured from corn, tapioca, and wheat. Corn was the single largest source for modified starch. According to United States Department of Agriculture, corn production in the U.S. in 2017 is expected to be 1.8 million tons less than 2016 production. According to the U.S. Department of Agriculture, worldwide production of corn fell by 3.31% to 1031.86 million tons in 2016 from 1067.21 million tons in 2015. This may adversely affect the corn market, thereby leading to a high cost of corn procurement.

The global modified starch market was valued at US$ 10.24 billion in 2018, and is expected to register a CAGR of 5.5% in terms of revenue over the forecast period (2019 – 2027), to reach US$ 16.46 billion by 2027.

Modified starch finds application in personal care products such as creams & lotions, bath products, hair care products, body products, cosmetics, and others. Modified starch is used in production of powder as it absorbs fats/sebum, improves texture of the skin and forms an excellent basis for powders.

Major players operating in the 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.

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