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Modified Starch Market 2019 Size, Share, Supply, Growth And Forecast to 2026

03-12-2020 07:42 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Facts & Factors

Modified Starch Market

Modified Starch Market

Findings from Facts and Factors report "Modified Starch Market By Product Type (Starch Esters and Ethers, Cationic Starch, Pre-Galvanized Starch, Resistant Starch, and Others), By Raw Material (Corn, Wheat, Cassava, Potato, and Others), By Function (Stabilizers, Thickeners, Binders, Emulsifiers, and Others), and By Application (Animal Feed, Food & Beverages, Paper-making, Weaving & Textiles, Pharmaceuticals, and Others), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020-2026" states that the global Modified Starch market in 2019 was approximately USD 10.80 Billion. The market is expected to grow at a CAGR of 5% and is anticipated to reach around USD 14.75 Billion by 2026.

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Modified starch is made by bringing about physiochemical and structural changes in the native starch via heat, enzymes, acids, and alkalis. It helps enhance the functional properties of starch, thereby escalating its application in the food, pharmaceutical, and other industries.

Market Drivers:

The increasing demand for gluten-free nature and low-calorie content of the food products among the health-conscious consumers is likely to help surge the demand for modified starch. In addition to this, the global Modified Starch market is driving owing to the increasing consumption of convenience food products and ease of modifying the functional properties of starch. The new and potential sources of starch along with its available applications provide new opportunities for the global Modified Starch market. Furthermore, its thickening, stabilizing, emulsifying, and binding nature has increased its application in the food, cosmetic, pharmaceutical, paper-making, and textile industries which, in turn, is anticipated to further fuel the market growth. However, the fluctuating prices and availability issues of raw materials are expected to have a negative impact on the Modified Starch market growth.

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Market Segment Dominance:

Corn category is expected to dominate the global Modified Starch market during the forecast period

Corn is a staple food in many regions across the globe owing to the importance of a healthy diet. Thus, the market for modified starch is gaining a lot of popularity. The cornstarch is widely used in soups and liquid-based foods such as sauces, gravies, and custards as a thickening agent. Moreover, the use of cornstarch in various foods will further boost the market growth of the corn.

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Thickeners account for the largest share

Thickeners are expected to hold the majority of the market share during the forecast period owing to the increasing of modified starch to thicken gravies, puddings, sauces, and soups without changing the taste. The rising indulgence among the consumers is bolstering the growth of the thickeners category in the Modified Starch market.

Food & beverages are expected to be the fastest-growing application of modified starch

The food & beverage category is expected to exhibit the highest growth during the forecast period. The growing demand for ready-to-eat food is likely to boost the Modified Starch market as those foods are coated with starch as an additive. The use of starch in the food & beverage industry is surging owing to its functional applications such as flavoring agent, temperature stability, texture enhancer, shear ability, fat replacer, and nutritional value.

Regional Dominance:

High growth is expected in the Asia Pacific modified starch market

The Asia Pacific is projected to be the fastest-growing market due to the rise in disposable income and a high demand for easy-to-eat & processed food. In addition to this, the growing food industry, high demand for modified starch, processing technologies of starch, and availability to modified starch is fuelling the Modified Starch market in Asia Pacific regions.

Key Market Players:

Some of the key players of the global Modified Starch market include Ingredion Incorporated, Tate & Lyle Plc., Archer Daniels Midland Company, Cargill, Avebe U. A., Roquette Fr?res, Grain Processing Corporation, AGRANA Beteiligungs-AG, Qingdao CBH Co., Ltd., Global Bio-Chem Technology Group Company Limited, Emsland-St?rke GmbH, SMS Corporation Co. Ltd., and SPAC Starch Products Pvt. Ltd.

This report segments the global Modified Starch market as follows:

Global Modified Starch Market: Product Type Segmentation Analysis

Starch esters & ethers
Resistant
Cationic
Pre-gelatinized
Others

Global Modified Starch Market:Raw Material Segmentation Analysis

Corn
Cassava
Wheat
Potato
Others

Global Modified Starch Market: Function Segmentation Analysis

Stabilizers
Thickeners
Emulsifiers
Binders
Others

Global Modified Starch Market: Application Segmentation Analysis

Food & Beverage

Food & Beverage
Animal Feed
Paper
Pharmaceuticals
Textiles
Others

Animal Feed

Food & Beverage
Animal Feed
Paper
Pharmaceuticals
Textiles
Others

Paper-making
Pharmaceuticals
Weaving &Textiles
Others

Global Modified Starch Market: Regional Segmentation Analysis

North America
The U.S.
Canada
Europe
Germany
The UK
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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