Press release
"Path to $17.98 Billion: Modified Starch Market Projections for 2031"
This growth represents a Compound Annual Growth Rate (CAGR) of 4.1% from 2024 to 2031. The expansion of the modified starch market is being propelled by several key factors including the rising demand for convenience and processed foods, the diverse functional properties of modified starch, and its increasing applications across various food products. Additionally, substantial investments in the starch sector, a surge in demand for bio-based products, and advancements in starch modification technologies contribute to the market's upward trajectory. Despite this, challenges such as limited sources and high costs associated with natural additives, alongside a strong preference for gum arabic, pose constraints to market growth.
The market dynamics are further influenced by growing interest in starch-based bioplastics and emerging economies across Latin America, Asia-Pacific, and the Middle East & Africa, which are anticipated to provide new growth opportunities. However, the modified starch market also faces hurdles including stringent regulatory requirements for product approvals and escalating raw material costs.
Market Segmentation :
The modified starch market is meticulously segmented by various criteria:
• Product Type: This includes acetylated distarch adipate, maltodextrin, hydroxypropyl distarch phosphate, pre-gelatinized starch, distarch phosphate, cationic starch, functional clean-label starch, acetylated starch, monostarch phosphate, hydroxypropyl starch, dextrin, acetylated distarch phosphate, octenyl succinic anhydride (OSA) starch, phosphated distarch phosphate, and other modified starches. Notably, in 2024, acetylated distarch adipate is projected to dominate the market, capturing 28.8% of the share due to its increasing use as a bulking agent, stabilizer, and thickener in the food and beverage sector.
• Raw Material: The primary segments include corn, cassava, potato, wheat, and other raw materials. Corn is expected to lead the market with a 47.8% share in 2024, driven by its versatility, cost-effectiveness, and extensive use in modified starch production.
• Production Method: Segmentation covers chemical modification, physical modification, and enzymatic modification. Chemical modification is anticipated to hold the largest share of 66.9% in 2024, due to its ability to produce a wide range of tailored starch products with enhanced functional properties.
• Function: Modified starches are categorized by their functions as thickeners, binders, stabilizers, emulsifiers, and other uses. The thickener segment is expected to dominate with a 45.2% share, owing to its critical role in achieving desired textures and consistencies in food products.
• Form: The market is divided into dry/powder and liquid forms. The dry/powder form is projected to capture a larger share of 64.5% in 2024, favored for its homogeneity, ease of use, and transportation advantages.
• End-Use Industry: Segments include food & beverage, animal nutrition, textiles, cosmetics and personal care, pharmaceuticals, papermaking, and others. The food & beverage sector is expected to account for 50.8% of the market in 2024, driven by the widespread utilization of modified starches for their versatility and functional benefits.
• Geography: The global market is analyzed across North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa. North America is projected to hold the largest market share of 38.1% in 2024, with an estimated market value of USD 5.16 billion. This dominance is attributed to a robust food and beverage sector, high consumer awareness regarding modified starch benefits, and a strong presence of leading market players.
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Key Players :
The modified starch market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the modified starch market are Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Archer-Daniels-Midland Company (U.S.), Roquette Frères (France), Tate & Lyle Plc (U.K.), AGRANA Beteiligungs-AG (Austria), Royal Avebe (Netherlands), Emsland-Stärke GmbH (Germany), Grain Processing Corporation (U.S.), Global Bio-chem Technology Group Company Limited (China), Asia Fructose Co., Ltd. (Thailand), Angel Starch and Foods Pvt. Ltd. (India), SMS Corporation Co., Ltd. (Thailand), Royal Ingredients Group B.V. (Netherlands), and SPAC Starch Products Ltd. (India) Private Limited (India).
Key Questions Answered in the Report:
• What is the current revenue generated from the modified starch market?
• At what rate is the global demand for modified starch projected to grow for the next 5-7 years?
• What is the historical market size and growth rate for the modified starch market?
• What are the major factors impacting the growth of this market at global and regional levels?
• What are the major opportunities for existing players and new entrants in the market?
• Which product type, raw material, production method, function, form, and end-use industry segments are expected to create major traction for the manufacturers in this market?
• What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the modified starch market?
• Who are the major players in the modified starch market? What are their specific product offerings in this market?
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