Meticulous Research® Forecasts Modified Starch Market to Surpass $17.3 Billion by 2030

[Redding, California, 27-02-2024] - Meticulous Research®, a globally recognized market research firm, has unveiled its latest report titled "Modified Starch Market by Product Type, Raw Material, Production Method, Function, Form, End User Industry-Forecast to 2030." According to this comprehensive analysis, the modified starch market is poised to achieve a remarkable CAGR of 3.8% from 2023 to 2030, reaching a valuation of $17.3 billion by the end of the forecast period.

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The research sheds light on several key drivers propelling the growth of the modified starch market, including the burgeoning demand for convenience and processed food, the functional versatility of modified starches across various food applications, escalating investments in the starch industry, increasing preference for bio-based products, advancements in starch production technology, and the expanding bakery sector. Moreover, emerging economies and the exploration of alternative sources offer promising growth opportunities for manufacturers in the modified starch market. However, challenges such as limited sources, the high cost of natural additives, and the persistent demand for gum Arabic present obstacles to market growth.

Segmentation Insights and Regional Analysis

The modified starch market is segmented based on product type, raw material, production method, function, form, end user industry, and geography. Notably, the report evaluates industry competitors and provides in-depth analyses at regional and country levels.

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Product Type: The market segmentation includes starch esters & ethers, pre-gelatinized starch, resistant starch, cationic starch, and other products. Starch esters & ethers are anticipated to dominate the market, attributed to their versatility and natural origin. However, the cationic segment is expected to witness the highest growth rate.

Raw Material: Segments encompass corn, cassava, potato, wheat, and other raw materials. Corn is projected to hold the largest market share due to its widespread availability and low cost. Conversely, the cassava segment is forecasted to exhibit the highest CAGR, driven by its economical benefits and extensive application.

Production Method: Categories include physical, enzymatic, and chemical modification. Physical modification is anticipated to lead the market share, while chemical modification is expected to register the highest growth rate.

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Function: Segments comprise thickener, binder, stabilizer, emulsifier, and others. The thickener segment is projected to dominate, whereas the emulsifier segment is forecasted to witness the highest growth rate.

Form: The market is segmented into dry/powder and liquid forms. Dry/powder is expected to hold a larger market share, while liquid forms are anticipated to witness a higher growth rate.

End User Industry: Segments include food and beverages, animal nutrition, textile, cosmetics and personal care, pharmaceutical, papermaking, and others. The food and beverage sector is projected to lead, with cosmetics and personal care expected to witness the highest growth rate.

Geographical Analysis

North America is expected to dominate the market in 2023, attributed to its well-established food & beverage sector and increasing demand for natural and sustainable ingredients. Conversely, Asia-Pacific is forecasted to exhibit the highest CAGR during the forecast period.

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Key Players and Conclusion

Leading players in the global modified starch market include Cargill, Incorporated, Ingredion Incorporated, Archer Daniels Midland Company, Tate & Lyle Plc, Roquette Frères, and others.

In conclusion, Meticulous Research®'s latest report provides invaluable insights into the modified starch market, offering strategic guidance for stakeholders to navigate the evolving landscape and capitalize on emerging opportunities.

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