Modified Starch Market Forecast & Future Industry Trends 2030

Market Overview:
Modified Starch Market is estimated to reach a high CAGR 3.2% during the forecast period 2023-2030.
Starch is considered one of the most abundant organic compounds available in nature and is used extensively in a broad spectrum of applications ranging from food, pharmaceutical, personal care, and industrial. However, starch is structurally weak and is unsuitable or ineffective for use in most of these applications in its inherent forms, thus resulting in modification of its properties. Modified starches are carbohydrates that are derived from native starches through physical, chemical, or enzymatic modification processes.

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Market Dynamics:
1. Growth in the functional food sector, Supporting the market growth.
2. The growth of the modified starch market is mainly attributable to the food and beverage industry.
3. The rising demand for functional foods across the globe is the key factor for the growth of the modified starch market.
4. Modified starches are considered a major functional ingredient in the preparation of functional food and beverages, fortified foods, and medical foods.

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Market Segmentation:
By modified starch type, Cross-linked starch is the most important modification from that used in the food industry.
Food and Beverages dominate in the end-user segment. Modified starches have higher shelf life compared with natural starch which results in extensive usage in bakery and confectionery foods, frozen foods, instant foods, snacks, etc., Corn dominates the market by raw material, owing to its extensive use as a staple food in many regions and the usage of modified starch as a thickening agent in liquid foods like soups, sauces, etc.,

Competitive Landscape:
The global modified starch market is fragmented with many local companies but the developed countries' markets are dominated by top international companies like Ingredion Incorporated, Cargill, Incorporated, Tate & Lyle PLC, Avebe U.A., BENEO-Remy NV, The Archer Daniels Midland Company, Roquette Frères.
The market is highly competitive in terms of new product developments, acquisitions, and joint ventures.

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