Modified Starch Market Expected to Generate a Revenue of $17,141.70 Million and Rise at a CAGR of 4.90% over the Analysis Period from 2021 to 2030

The global modified starch market is expected to see prominent growth by 2030, due to the growing awareness of health risks associated with fast food consumption. The Asia-Pacific region is expected to hold the largest market share.

According to the report published by Research Dive, the global modified starch market is anticipated to generate a revenue of $17,141.70 million and rise at a CAGR of 4.90% during the estimated period from 2021 to 2030.

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Dynamics of the Modified Starch Market

With the increasing consumer awareness of health risks associated with fast food consumption, the modified starch market is expected to witness remarkable growth over the forecast timeframe. Besides, the increasing investment in modified starch sources and baked goods advancements is further expected to foster the growth of the market during the estimated period. Furthermore, the rising number of fast-food restaurants is predicted to fortify the growth of the market during the analysis timeframe.

COVID-19 Impact on the Market

The outbreak of the COVID-19 pandemic has had a negative impact on the modified starch market, likewise several other industries. The stringent lockdown imposed by governments of many nations has affected the production and delivery of raw materials. Furthermore, the lack of skilled professionals to produce crops, such as corn, wheat, rice, and many more has resulted in production delays which further affected the demand for modified starch during the period of the pandemic.

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Segments of the Market

The report has divided the modified starch market into segments based on type, raw materials, production method, form, function, sales channel, and region.

By type, the pregelatinized starch sub-segment is expected to be most productive and is expected to continue at a steady growth during the forecast period. This is mainly because of the increased use of pregelatinized starch across various industries due to its availability in different forms such as powder and flake form. Moreover, the increasing use of pregelatinized starch as a food stabilizer to preserve processed food for a longer period is expected to uplift the growth of the market during the analysis period.

By raw materials, the corn sub-segment is predicted to be the most profitable and is projected to generate the highest revenue over the estimated period. This is major because corn is a widespread staple food across the globe due to its importance in people's diets. In addition, the increasing demand for corn starch in a variety of food applications is expected to augment the growth of the market sub-segment over the forecast period.

By production method, the physical modification sub-segment is expected to be most beneficial and is predicted to grow rapidly during the analysis period. The ability of starch to bind water due to its particle size, surface characteristics, solubility index, and functional features is expected to propel the growth of the market sub-segment over the forecast period.

By form, the dry sub-segment is predicted to be the most lucrative and is expected to generate the largest revenue during the estimated period. The increasing use of dried starch to increase the nutritional value, add texture and lengthen the shelf life of traditional foods is projected to fuel the growth of the modified starch market sub-segment during the analysis period.

By function, the thickeners sub-segment is expected to be beneficial and is projected to continue steady growth over the forecast period. The rising demand for snacks, nutritional foods, and protein-rich goods is predicted to amplify the growth of the market sub-segment during the estimated period.

By sales channel, the offline sub-segment is predicted to be gainful and is expected to grow at a significant rate during the analysis period. The increasing preference of customers for purchasing starch from retail stores is expected to boost the growth of the market sub-segment during the forecast period.

By region, the Asia-Pacific modified starch market is expected to have expansive growth opportunities and is predicted to generate the highest revenue throughout the estimated period. The existence of the industrial starches industry and the rising need for starch in this region are expected to drive the regional growth of the market during the analysis timeframe.

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Key Players of the Market

The major players in the modified starch market include Honest Derivatives Pvt. Ltd, Angel Starch & Food Pvt Ltd, Sanstar Bio - Polymers Ltd., Tirupati Starch & Chemicals Ltd., Shubham Starch Chem (P) Ltd., SPACSTARCHPRODUCTS (INDIA) LTD., AGRANA Strike GmbH, Penford Corp., Everest Starch (IND) Pvt. Ltd., Ulrick and Short Ltd., and many more. These players are widely working on the development of new business strategies such as mergers and acquisitions, partnerships and collaborations, and product development to obtain a leading position in the global industry.

In addition, the report also presents other crucial aspects including product portfolio, the financial performance of the key players, SWOT analysis, and the latest strategic development.

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