The Modified Starch Market has been growing significantly over the past few years, with an increasing demand for modified starch in various industries such as food and beverages, pharmaceuticals, and textiles. Modified starch is obtained by physically, chemically, or enzymatically altering the properties of native starch, to enhance its functional properties such as viscosity, stability, texture, and shelf-life. The modified starch market has been driven by the growing demand for convenience foods, clean-label products, and functional ingredients. In this article, we will explore the growth of the modified starch market, its key players, market trends, and future prospects.
Market Size and Growth:
The global modified starch market is estimated to be valued at USD 13.7 billion in 2022. It is projected to reach USD 15.9 billion by 2027, recording a CAGR of 3.1% during the forecast period. The Asia-Pacific region dominates the modified starch market, with China and India being the largest consumers. The increasing demand for processed food, the rise in disposable income, and the growing population are the major factors driving the growth of the modified starch market in the Asia-Pacific region. North America and Europe are also significant markets for modified starch, driven by the demand for clean-label products, and the growing awareness of the health benefits of modified starch.
Applications of Modified Starch:
Modified Starch finds applications in a wide range of industries, including:
- Food and Beverages: Modified Starch is used as a thickener, stabilizer, emulsifier, and texture enhancer in various food and beverage products such as sauces, dressings, soups, confectionery, and bakery products.
- Pharmaceuticals: Modified Starch is used as a binder, disintegrant, and filler in the production of tablets, capsules, and other pharmaceutical products.
- Paper and Textiles: Modified Starch is used as a sizing agent, coating agent, and adhesive in the paper and textile industry.
- Animal Feed: Modified Starch is used as a binder and filler in the production of animal feed.
Modified Starch Market Trends:
The Modified Starch Market is witnessing several trends, such as:
- Clean-Label Products: There is a growing demand for clean-label products, which are free from artificial ingredients, additives, and preservatives. Modified starch is a clean-label ingredient, as it is obtained from natural sources and is non-toxic.
- Convenience Foods: There is a growing demand for convenience foods, which can be prepared and consumed quickly. Modified starch is used as a thickener, stabilizer, and texture enhancer in various convenience food products such as ready meals, instant noodles, and snacks.
- Functional Ingredients: There is a growing demand for functional ingredients, which offer health benefits beyond basic nutrition. Modified
Key Players in the Market:
The Modified Starch Market is highly fragmented, with a large number of small and large players competing for market share. Some of the key players in the market are:
- Archer Daniels Midland Company
- Cargill, Incorporated
- Ingredion Incorporated
- Roquette Frères
- Tate & Lyle PLC
- Avebe U.A.
- Emsland Group
- Grain Processing Corporation
- Global Bio-Chem Technology Group Company Limited
- Südzucker AG
