Modified Starch Market Projected to Reach $14.9 Billion by 2025, at a CAGR of 2.7%

03/nov/2020 13:16:23 MarketsandMarkets Contatta l'autore

Questo comunicato è stato pubblicato più di 30 giorni fa. Le informazioni su questa pagina potrebbero non essere attendibili.

According to MarketsandMarkets, the global modified starch market size is estimated to be valued at USD 13.1 billion in 2020 and projected to reach USD 14.9 billion by 2025, recording a CAGR of 2.7%. It is witnessing significant growth due to increasing incorporation in a wide range of foods and cost-effectiveness offered by them, along with the enhanced functionalities they provide in comparison to native starch. The growing demand for processed and convenience food among consumers is creating a demand for modified starch. With the advancement of new technologies and innovative experiments in the food and beverage sector, the incorporation of modified starch across various industries is increasing. Asia Pacific segment is going to dominate the market due to its high production of processed food.

 Modified Starch Market

Market Dynamics

Drivers: Functional properties of modified starch and their ease of incorporation in a wide range of food applications

Modified starch enables the modification of basic properties of native starch and obtaining certain functional properties suitable for a wide range of industrial applications. It has a variety of functions; it is used as a thickener, texture agent, fat replacer, and emulsifier. Modified starches, because of their characteristic of absorbing water and bulking up, render the essential mouthfeel to the food products they are used in. This makes them an excellent substitute for fat. Starch is also used as a thickener or as a gelling agent in food products, as the texture is one of the important factors for the consumers to accept the food products. Oxidized starches are used as thickeners and subsidiary gelatin agents in sauces, jellies, puddings, and ice creams. The advancement in technology used for processing starch has developed a variety of ingredients that can be customized to meet most formulating challenges.

Download PDF Brochure:

Challenges: Rising cost of raw materials

Natural sources such as wheat, cassava, corn, and rice are used as raw materials for manufacturing modified starch and its derivatives. These raw materials are used widely for the production of modified starch are also used in the production of bio-ethanol products. Increasing consumption of modified starch in segments such as food & beverages, feed, pharmaceuticals, cosmetics, and paper leads to higher demand for this starch, thereby resulting in rising in the prices of raw materials. The modified starch industry is heavily dependent on raw materials—conventional and organic raw corn, wheat, potato, and rice. The raw material prices depend on the crop plantation area and harvest from which the raw materials are obtained.

The food & beverages segment is projected to account for a major share in the modified starch market during the forecast period

By application, the modified starch market is segmented into food & beverages, industrial, and feed. The food & beverage segment is further classified into bakery & confectionery products, processed food, beverages, and others, which includes snacks and soups. Modified starches have been developed for a significant period, and their applications in the food & beverage industry are increasingly gaining importance. Modified starches are considered as food additives that are prepared by treating starch or their granules with chemicals or enzymes, causing the starch to be partially degraded.

Asia Pacific is projected to account for the largest market share during the forecast period

The market in Asia Pacific is dominant due to the increasing demand for processed food because of the shift in lifestyle trends. People are looking for ready-to-eat meal options as they are leading a busy life.

Asia Pacific is also the fastest-growing market as industrial applications and technologies involved in starch processing are changing rapidly in the region. The demand for modified starch is increasing as various industries are incorporating in their manufacturing processes and products. Also, key players are increasingly investing in the Asia Pacific modified starch market.

Request for Customization:

Key Market Players:

Archer Daniels Midland Company (ADM) (US)Cargill (US)Ingredion (US)Tate & Lyle (UK)Roquette Frères (France), Avebe U.A (the Netherlands), Grain Processing Corporation (US), Emsland (Germany), AGRANA (Austria), SMS Corporation (Thailand), Global Bio-Chem Technology Group (Hong Kong), SPAC Starch (India), Qindao CBH Company (China), Tereos (France), and KMC (Denmark), Beneo (Germany), Angel Starch Food Pvt. Ltd. (India), Shubham Starch Chem Pvt Ltd. (India), Everest Starch India Pvt Ltd. (India), Sheekharr Starch Pvt Ltd. (India), Sanstar Bio-Polymers Ltd. (India), Universal Biopolymers (India), Sonish Starch Technology Ltd. (Thailand), Venus Starch Suppliers (India), and Gromotech Agrochem Pvt. Ltd. (India).

blog comments powered by Disqus è un servizio offerto da Factotum Srl