Press release
Leading Firms Fueling Growth and Innovation in the Modified Starch Market
Modified Starch Market Size
Projected Scale and Growth of the Modified Starch Market by 2030
The modified starch market is anticipated to reach a valuation of $18.38 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.2%. This upward trend is fueled by a growing focus on functional and dietary fiber ingredients, alongside a rising preference for clean-label products. Additionally, the surge in convenience food consumption, ongoing innovations in starch modification methods, and increasing pharmaceutical applications are major contributors. Noteworthy emerging trends include heightened use of resistant starch in functional foods, expanded adoption of modified starch in processed food items, development of heat-stable and freeze-thaw stable starches, and enhanced attention to improving texture and shelf life in various products.
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Key Factors Encouraging Expansion in the Modified Starch Market
The increasing consumer demand for clean-label food ingredients is significantly influencing the modified starch market's growth. Shoppers are becoming more conscious about ingredient transparency and prefer products with natural, minimally processed components. This shift encourages manufacturers to innovate and offer starches that align with clean-label standards.
Moreover, the rise in demand for functional foods enriched with dietary fibers like resistant starch is another critical factor. Resistant starches contribute to digestive health and are being incorporated into a growing range of food products, reinforcing the modified starch market's expansion.
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Top Industry Players Influencing the Modified Starch Market
Several leading companies play pivotal roles in shaping the global modified starch industry. These include Cargill Inc., Archer Daniels Midland Company, Ingredion Incorporated, AGRANA Beteiligungs-AG, Tate & Lyle PLC, Roquette Frères, Avebe U.A., Manildra Group, Grain Processing Corporation, MGP Ingredients Inc., PT Budi Starch & Sweetener Tbk, Global Bio-Chem Technology Group Company Limited, Advanced Biochemical (Thailand) Co Ltd., Everest Starch (India) Pvt Ltd., Emsland Group, SPAC Starch Products (India) Ltd., Shandong Fuyang Biotechnology Co Ltd., Shree Ambika Agro Processing Industries Pvt Ltd., Starch Asia Co Ltd., Shanghai Riken Technology Co Ltd., Penford Corporation, and Beneo GmbH.
In a strategic move in November 2023, South Korea-based Sajo Industries Company Limited acquired Ingredion Korea for US $290 million. This acquisition aims to enhance Sajo's materials and ingredients portfolio by integrating Ingredion Korea's starch and syrup manufacturing operations, which are essential for food, beverage, and industrial applications.
Innovative Trends Shaping the Modified Starch Market
Industry leaders are increasingly focusing on developing minimally processed starches to satisfy the rising need for natural, clean-label, and functional ingredients. These starches, derived from traditional crops with limited physical processing and no chemical alterations, help manufacturers maintain clean-label claims while delivering important food functionalities such as thickening, gelling, and texture improvement.
For instance, in February 2024, Ingredion Incorporated introduced NOVATION Indulge 2940, a non-GMO native corn starch tailored for dairy, dairy alternatives, and desserts. This ingredient offers distinctive gelling and thickening capabilities, promoting a smooth and indulgent texture in final products. Its benefits include heat and freeze-thaw stability, versatility in various food applications, cost efficiency, and reliable supply, making it a valuable natural alternative to chemically modified starches.
Core Segments Defined in the Global Modified Starch Market
The modified starch market is categorized into multiple segments for detailed analysis:
By Type:
- Cationic Starch
- Etherified Starch
- Resistant Starch
- Pre-Gelatinized Starch
By Raw Material:
- Potato
- Corn
- Cassava
- Wheat
- Other Raw Materials
By Application:
- Food & Beverage Processing
- Paper & Packaging
- Textile & Weaving
- Pharmaceutical & Healthcare
- Animal Feed & Pet Food
- Industrial & Chemical Applications
Further breakdowns include:
- Cationic Starch subtypes: Quaternary Ammonium Starch, Starch Ether
- Etherified Starch subtypes: Hydroxypropyl Starch, Hydroxyethyl Starch, Carboxymethyl Starch
- Resistant Starch subtypes: Type II (Granular Resistant Starch), Type III (Retrograded Resistant Starch), Type IV (Chemically Modified Resistant Starch)
- Pre-Gelatinized Starch subtypes: Instant Starch, Cold-Water Soluble Starch
These segments provide a comprehensive view of product types, raw material sources, and diverse applications that define the market landscape.
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