Modified Starch Market with a projected CAGR of 3.1% over the forecast period reaching a market size of US$ 16.21 Billion by 2029

Market Overview:

The report delves into the Modified Starch market's segments (Type, Raw Material, Function, Application, and Region), providing insights from market participants across North America, Asia Pacific, Europe, Middle East & Africa, and South America. It offers a comprehensive analysis of the rapid advances in various industry sectors, using data analysis from 2018 to 2022. Drivers, limitations, prospects, and barriers are examined to guide investor recommendations based on the competitive scenario.

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Report Scope:

The objective is to present a comprehensive analysis of the global Modified Starch Market, covering past and current industry status, forecasted market size and trends, and a dedicated study of key players. The report includes PORTER, PESTEL analysis, and consideration of micro-economic factors, providing a clear view of the industry to decision-makers.

Research Methodology:

The report incorporates primary and secondary research, analyzing consumption quantities, manufacturing volumes, import-export trends, pricing analysis, and upstream/downstream value chain analysis. It assesses internal and external factors impacting the market, offering a futuristic view of the industry.

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Drivers:

Increased demand for processed and cooked foods, especially in developed countries.
Government initiatives to optimize agricultural output, driving the use of modified starch.
Growing applications in various industries such as food, beverages, cosmetics, and pharmaceuticals.
Rising demand for gluten-free and low-calorie food products.

Restraints:

Expensive and limited sources of natural additives like cassava, affecting raw material availability.
Impact of weather conditions on cassava production, leading to supply chain disruptions.
Regulatory challenges in different regions regarding health claims and product approvals.

Segmentation:

By Type: Cationic starch, Etherified starch, Resistant starch, Pregelatinized starch

By Raw Material: Maize, Cassava, Potato, Wheat, Others

By Application: Food & Beverages, Animal Feed, Industrial

By Function: Thickening, Stabilizers, Binders, Emulsifiers, Others

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Key players

1. ConvaTec Healthcare B S.a.r.l. (UK)
2. Smith 7 Nephew plc (UK)
3. Coloplast A/S (US)
4. Medtronic plc (US)
5. Acelity L.P Inc. (US)
6. 3M Company (US)
7. Alliqua BioMedical (US)
8. Fidia pharama USA Inc.(US)
9. Wound Care Technologies (US)
10. Integra LifeSciences Holding Corporation (US)
11. Baxter International Inc.(US)
12. Organogenesis Inc. (US)
13. DeRoyal Industries (US)
14. IonMed (US)
15. Ethicon (US)
16. Hill-Rom Holdings (US)
17. Leap Therapeutics Inc.(US)
18. NovaBay Pharmaceuticals (US)
19. Derma Science (South Africa)
20. Vivostat ( Slovenia)
21. Molnlycke Health Care AB (Sweden)
22. Paul Hartmann AG (Germany)
23. BSN Medical GmbH (Germany)
24. Triage Meditech Pvt. Ltd (India)

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Regional Analysis:

Asia Pacific: Dominated the market with a 55.2% share in 2022, driven by industrial applications and technological advancements, particularly in China and India.

North America: Expected to witness significant growth at a CAGR of 3.4%, fueled by innovation in new products and increasing awareness of health benefits, especially in the U.S. and Canada.

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