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Global Modified Starch Market is expected to grow at a CAGR of 5.5% during the forecast period from 2019-2025
Global Modified Starch Market 2019, Global Modified Starch Market Growth , Global Modified Starch Market Trends and Analysis,
Global Modified Starch Market by Raw Material (Corn, Cassava, Potato, Wheat, Others), Function(Thickeners, Stabilizers, Others), Application, Modification Type, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
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Prominent companies in the industry include are Universal Starch Chem Allied, Ulrick and Short Ltd., Avebe U.A., Ingredion Inc., Penford Corp among others. Leaders are providingbetter opportunities and continuously focused on new product developments and venture capital investments to capture market share.For instance, in August 2015, ADM launched distribution and merchandizing offices in El Salvador and Guatemala to increase its footprint in Central America.
Raw material segment is divided into segments such as a corn, cassava, potato, wheat and others. Corn segment is dominating the market and valued around USD 4.02 Billion.Corn contains a high amount of content of starch as compared to other sources and is easily available which leads to an acceleration in the market growth. It is used as a thickener in sauces, processed food and beverages is driving the food sector market.The function segment includes thickeners, stabilizers, binders, emulsifiers and others. The thickeners segment is dominating the market with the highest share 35.90% in 2017. As a thickening agent, modified starch strengthens the viscosity of a liquid without significantly changing its other properties. The modification type segment includes physical modification, chemical modification and resistant starch. The physical modification segment is dominating the modified starch market in 2017. Modification of starches is generally carried out by using physical methods because they are simple and inexpensive due to the absence of chemical agents.The application segment is classified into food & beverages, animal feed and industrial. The food & beverages segment is dominating with the highest share of 47.90% in 2017. The food and beverage is expanding in terms of shares owing to the gluten-free nature of food products made from modified starch and less calorie content.
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High consumption of starch by pharmaceutical industry cosmetics, and paper industries is a major factor driving the market. In addition, growing demand for adhesives for various industrial applicationsand increasing use of processed and convenience foodare two factors fuelling the growth of market.However, high cost associated with natural additivesmay obstruct the growth of market. Nevertheless, emergence of alternative sources of modified starchmay boost the market in forthcoming years
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