Modified Starch Market Outlook And Analysis Through 2024-2033

The modified starch market size has grown strongly in recent years. It will grow from $12.12 billion in 2023 to $12.86 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to globalization and trade, regulatory changes and standards, industrialization and urbanization, gluten-free market demands, expansion in non-food sectors.

The modified starch market size is expected to see strong growth in the next few years. It will grow to $16.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising demand for convenience foods, growth in functional foods market, expanding use in pharmaceutical industry, sustainable packaging solutions, trends in gluten-free products. Major trends in the forecast period include clean label demands, functional food demand, health consciousness, expansion in food industry, gluten-free and allergen-free products.

Market Overview -
Modified starch refers to the starch extracted from grains and vegetables such as corn, waxy maize, tapioca, potato, or wheat that has been treated to improve its ability to maintain the texture and structure of the food. Modified starch is used in food products that need to be cooked at high temperatures, microwaved, freeze-dried, or baked and fried so that the real texture of the food does not change during the cooking process.

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Rising Investments Fuels Growth In The Modified Starch Market
The increasing investment in the modified starch industry is expected to propel the growth of the modified starch market. 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. For instance, in June 2023, BENEO GmbH, a Germany-based functional ingredients company, invested $6.4 million (€6 million) in expanding drying capacity at its Wijgmaal factory, featuring a new drum dryer within a 1,000m2 facility. The expansion aimed to meet the growing demand for its specialty rice starch ingredients and secure the future growth of its pre-cooked rice starch portfolio. Therefore, the increasing investment in the modified starch industry is expected to propel the growth of the modified starch market.

Competitive Landscape -
Major companies operating in the modified starch market report are Cargill Inc., Archer Daniels Midland Company, Ingredion Incorporated, AAK Group, AGRANA, Tate & Lyle Ingredients Americas LLC, SMS Corporation, Manildra Group, Roquette Frères, Avebe U.A., MGP Ingredients Inc., Penford Corporation, PT. Budi Starch & Sweetener Tbk, Beneo GmbH, Grain Processing Corporation, Qindao CBH Co Ltd., Global Bio-Chem Technology Group Company Limited, Advanced Biochemical (Thailand) Co Ltd., Everest Starch (India) Pvt Ltd., Emsland Inc., SPAC Starch Products (India) Ltd., Lipoid Kosmetik AG, Royal Ingredients Group, Shandong Fuyang Biotechnology Co Ltd., Shree Ambika Agro Processing Industries Pvt Ltd., Starch Asia Co Ltd., Rich Grains International LLC, Shanghai Riken Technology Co Ltd.

Product Innovations Transforming The Modified Starch Market
Major companies operating in the modified starch market are developing new products such as organic pea protein starch to gain a competitive edge in the market. Organic pea starch refers to a starch extracted from organic yellow peas (Pisum sativum) that have been cultivated and processed following organic farming practices. For instance, in October 2022, Roquette Frères, a France-based food company, launched a new line of organic pea ingredients, featuring organic pea starch and organic pea protein isolates sourced from Canadian peas. The launch, part of the Nutralys brand, aligns with the rising demand for organic products, driven by consumers seeking more natural and nutritious options. The four new grades of organic pea protein isolates and organic starch offer full traceability back to the farm, ensuring safe, premium quality products with trusted origins, and production is certified by the Canada Organic regime for export to the EU and US markets.

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Key Segments -

The modified starch market covered in this report is segmented -
1) By Type: Cationic Starch, Etherified Starch, Resistant Starch, Pre-Gelatinized
2) By Raw Material: Potato, Corn, Cassava, Wheat, Other Raw Materials
3) By Application: Food And Beverages, Animal Feed, Paper-Making, Weaving And Textiles, Pharmaceuticals, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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