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Global Modified Starch Market Report 2023 - Strategic Analysis, Size, Share, Trends And Forecast To 2032
Modified Starch Market
The Business Research Company's Modified Starch Global Market Report 2023 identifies increasing investment in the modified starch industry as the major driver for the Modified Starch market's growth in the forecast period. Large players are investing in the modified starch industry to meet the demand, due to the increasing consumption of modified starch in various applications including food and beverage, paper, pharmaceuticals, textile, and other applications.
The global modified starch market size grew from $11.48 billion in 2022 to $12.29 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size global modified starch market is expected to grow to $15.25 billion in 2027 at a CAGR of 5.5%.
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Major competitors in the Modified Starch market are Archer Daniel Midlands Company, Cargill, Ingredion Incorporated, Tate & Lyle, Avebe U.A.
A key trend in the Modified Starch market includes new product launch. Large players are launching new products to stay ahead in the competitive market and to increase market share. For instance, in April 2021, Germany-based potato starch company, Emsland Group launched The Emwaxy® Spray 200. It is a clean label low DE starch derivative, based on high amylopectin potato starch. Also, in March 2020, UK-based ingredients and solutions company, Tate & Lyle launched CLARIA EVERLAST, a new line of clean-label starches for freeze-thaw stability. The new clean-label starches will provide superior shelf stability. The company also introduced cook-ups and instant starches made from corn and tapioca starch.
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The Modified Starch market is segmented -
• By Type: Cationic Starch, Etherified Starch, Resistant Starch, Pre-Gelatinized
• By Raw Material: Potato, Corn, Cassava, Wheat, Other Raw Materials
• By Application: Food And Beverages, Animal Feed, Paper-Making, Weaving And Textiles, Pharmaceuticals, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Modified Starch market.
The Business Research Company's "Global Modified Starch Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Modified Starch Market Include:
1. Executive Summary
2. Modified Starch Market Characteristics
3. Modified Starch Market Trends And Strategies
4. Modified Starch - Macro Economic Scenario
5. Modified Starch Market Size And Growth
……………………………………..
26. Africa Modified Starch Market
27. Modified Starch Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Modified Starch Market
29. Modified Starch Market Future Outlook and Potential Analysis
30. Appendix
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