Modified Starch Market Latest Trends, Size, Share, Type, Key Players Forecast 2022-2028

According to Precision Business Insights (PBI), the latest report, the modified starch market is expected to be valued at USD 12,945.3 million in 2022 and is poised to grow at a significant CAGR of 5.9% over 2022-2028. The primary driver of the expansion of the global Modified Starch market are numerous functional benefits associated with modified starch, the rising trend of processed food, which requires modified starch, and increased spending on research and development activities for product improvement, and innovation.

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Textiles Segment to Dominate the Modified Starch Market:
On the basis of application, the textiles segment is expected to account for a larger revenue share in the global Modified Starch market, with a value share worldwide. As, starch is mostly used for textile sizing in the textile industry, especially for manufacturing cotton yarn. It is chosen for the sizing of course and medium-count yarns. It also forms the adhesive component during the size mix process, due to several factors such as starch properties can be tuned as per the requirement, and the chemical properties of starch are relatively similar to cotton and rayon. With rising applications in the exiles sector modified starch market is expanding day by day.

Asia Pacific Modified Starch Market:
The Asia Pacific market is expected to increase in the global Modified Starch market over the forecast period. It is projected to grow at a significant CAGR in the coming years owing to the extensive application of modified starch in various sectors, which is majorly contributing to the growth in this region. Modified starch helps in thickening or stabilizing food products, especially sauces. Consequently, with the growing market for sauces and condiments, the manufacturing starches market is also growing at a rapid pace. Additionally, the booming manufacturing sectors, extending from textiles to the cosmetics industry, have been driving the demand for starch in the region. Furthermore, the rapidly growing processed food industry and the consumer shift toward snacking further enhance the market demand of the modified starch market in countries like India, and China.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Modified Starch market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In April 2021, Cargill Inc. partnered with Starpro, a key food grade tapioca starch producer in Thailand, to expand its specialty tapioca starch contributions in the Asia-Pacific region. The collaboration will enhance the product processing requirements of food manufacturers and fulfill the sensory expectations of consumers. In April 2021, EmslandGroup launched The Emwaxy® Spray 200, which suits perfectly the rapidly increasing demand for clean-label alternative ingredients for the food industry.

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The modified starch market is segmented based on source, product, application, and geography.
Based on the source, the market is segmented into the following:
• Maize/Corn
• Wheat
• Potatoes
• Tapioca
• Rice

Based on the product, the market is segmented into the following:
• Acetylated Starch
• Physically Modified Starch
• Enzyme Modified Starch
• Anionic Starch
• Cationic Starch
• Dextrin
• Oxidized Starch
• Thinned Starch
• Pre-gelatinized Starch
• Others

Based on the application, the market is segmented into the following:
• Food & Beverages
• Industrial
• Animal Feed
• Cosmetics & Personal Care
• Papermaking
• Textiles
• Pharmaceuticals
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the modified starch market report are AGRANA Beteiligungs-AG, Tereos S.A, Royal Ingredients Group, Avebe, Euroduna Food Ingredients GmbH, Finnamyl Oy, Novidon, SÜDSTÄRKE GMBH, PEPEES S.A, AKV Langholt, PPZ Trzemeszno Sp. z o.o., Vimal PPCE, Aloja Starkelsen, and Lyckeby Starch AB

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