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Global Modified Starch Market Report by Raw Material, Products, Form, Function, End-Use, Regions and Company Analysis 2024-2032

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    Report

  • 250 Pages
  • May 2024
  • Region: Global
  • Renub Research
  • ID: 5562681
Global Modified Starch Market share is anticipated to be almost US$ 18.65 Billion by 2032. The CAGR for the modified starch market from 2024 to 2032 is 4.60%. The publisher states that it valued US$ 12.44 Billion in 2023.

"Modified starch" does not imply that it was created using genetically altered organisms or that it has undergone genetic modification. The starch taken from grains and vegetables that has undergone treatment to enhance its capacity to preserve the food's texture and structure is known as modified starch. In order to prevent the texture of food products from changing while they cook, modified starch is used in foods that must be microwaved, freeze-dried, cooked at high temperatures (such ready-made pizza, instant soup, and sauces), baked, or fried. Modified starches are frequently utilized as thickening, stabilizing, or emulsifying agents because they may have a number of benefits. Nevertheless, as compared to native starches, they exhibit poorer water retention qualities and a shorter shelf life, which lessens the technical benefits, in comparison to acacia gum and potential alternatives.

Global Modified Starch Market Growth Opportunities

  • Convenience and processed food demand are driving the expansion of the modified starch industry. The increasing demand for these beneficial elements is a result of urbanization, dietary changes, and population expansion.
  • Mintel reports that 94% of American adults said they ate snacks every day in the previous year, and this percentage is predicted to rise.
  • Supermarket Guru stated that there is a nearly US$ 25 Billion market for fresh-prepared foods in the United States. This suggests that a lot of individuals are searching for convenient, prepared foods that are high in protein and health.
  • The USDA also discovered that compared to all other families, single parents without a partner to assist with childcare spend 14% more on ready-to-eat meals.
  • There has been a notable transformation in the uses and capabilities of modified starches to satisfy diverse consumer needs. Through physical, enzymatic, or chemical processes, modified starches can be produced from regular starches.
  • Recent technological developments have enabled novel modifications to starches, including stabilization, fat replacement, texture improvement, and even encapsulation. Food, medicine, textiles, and other industries have all undergone revolutionary change as a result of these changes.
  • These developments in technology have broadened the modified starch market and propelled it worldwide.
  • In an effort to increase the market share of modified starch, manufacturers have also been actively incorporating the clean label trend into their products.
  • In December 2020 - Beneo launched the first instant functional rice starch of its kind to assist bakers in leveraging the clean label movement.

North America Modified Starch Market

  • The established food and beverage industry in North America is responsible for the region's substantial modified starch market share.
  • The market for modified starch in North America is expanding due in part to consumer demand for more sustainable and natural ingredients.
  • A poll conducted by the Organic Trade Association reveals that the 75 million Millennials in America are increasingly consuming organic food, and they are also ensuring that their families do the same. The largest demographic of organic consumers in America now consists of parents between the ages of 18 and 34.
  • In July 2023 - In order to provide people with vegan cheese slices, Kraft has partnered with NotCo to enter the vegan cheese market. Whichever NotCheese variety you get, their slice will have slightly different ingredients. Chickpea protein, maltodextrin, coconut oil, and modified food starch serve as the foundation for all NotCheese variants. Together with lactic acid, they are all preservative-free and contain carrageenan, salt, and sorbic acid.
  • Demand in the region is predicted to increase, particularly in the United States, which is one of the world's biggest producers of maize and corn starch, as consumers become more conscious of the health advantages of consuming low-fat foods.
  • According to the USDA's National Agricultural Statistics Service (NASS), the US produced a record-breaking maize crop of more over 15.3 billion bushels in June 2023, despite worries about dry weather and drought conditions. In 2023, average corn yield performance differed significantly across the United States.

Global Modified Starch Industry News

Major players in the global modified starch market include Cargill Inc., Ingredion Inc., Archer Daniels Midland Company, Tate and Lyle, Associated British Foods plc, Tereos Group, Sudzucker AG, and Global Bio-Chem Technology Group Company Ltd.
  • In March 2023 - The purchase of Algaia SA, a manufacturer and expert of hydrocolloids and seaweed extracts produced responsibly, has been announced by the JRS Group, a prominent producer of functional substances derived from plant-based raw materials.
  • In June 2023 - Food ingredients expert Loryma offers a clean-label, native adhesion starch derived from wheat that is not changed and does not require an E number. Because of its manufacturing method, Lory Starch Saphir pure is intended to be just as effective as traditional modified starches and offers good adhesive qualities for substrate coatings of all kinds.
  • In October 2022 - Cargill has sold 50% of its interest in their joint venture, Cargill-AKV I/S, to AKV Langholt AmbA. The goal of the joint venture when it was established in 1987 was to manufacture and market cationic potato starches to the world's paper industry.
  • In October 2022 - In place of meat and dairy, Roquette introduced an organic pea protein starch. Designed for both the US and EU markets, the new organic pea starch looks to be a great replacement in culinary applications. This is in line with the increasing need in the food business for plant-based alternatives that are both sustainable and organic.
  • In September 2022 - To meet the need for feed, starch, and sweeteners in Asian nations, Cargill established a new maize mill in Pandaan, Indonesia.

Raw Materials - Market breakup in 4 viewpoints:

1. Corn
2. Wheat
3. Cassava
4. Others

Products - Market breakup in 5 viewpoints:

1. Starch Esters & Ethers
2. Resistant
3. Cationic
4. Pre-Gelatinized
5. Others

Form - Market breakup in 2 viewpoints:

1. Dry
2. Liquid

Function - Market breakup in 5 viewpoints:

1. Thickeners
2. Stabilizers
3. Binders
4. Emulsifiers
5. Others

End-Use - Market breakup in 6 viewpoints:

1. Food & Beverage
2. Animal Feed
3. Paper
4. Pharmaceutical
5. Textiles
6. Others

Countries - Market breakup in 25 viewpoints:

1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa

All the Key players have been covered from 3 Viewpoints:

  • Overview
  • Recent Development
  • Revenue Analysis

Company Analysis:

1. Cargill Inc.
2. Ingredion Inc.
3. Archer Daniels Midland Company
4. Tate and Lyle
5. Associated British Foods plc,
6. Tereos Group
7. Sudzucker AG
8. Global Bio-Chem Technology Group Company Ltd.

Table of Contents

1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenge
5. Global Modified Starch Market
6. Market Share - Global Modified Starch Analysis
6.1 By Raw Material
6.2 By Product
6.3 By Form
6.4 By Function
6.5 By End Use
6.6 By Countries
7. Raw Material - Global Modified Starch Market
7.1 Corn
7.2 Wheat
7.3 Cassava
7.4 Others
8. Product - Global Modified Starch Market
8.1 Starch Esters & Ethers
8.2 Resistant
8.3 Cationic
8.4 Pre-Gelatinized
8.5 Others
9. Form - Global Modified Starch Market
9.1 Dry
9.2 Liquid
10. Function - Global Modified Starch Market
10.1 Thickeners
10.2 Stabilizers
10.3 Binders
10.4 Emulsifiers
10.5 Others
11. End Use - Global Modified Starch Market
11.1 Food & Beverage
11.2 Animal Feed
11.3 Paper
11.4 Pharmaceutical
11.5 Textiles
11.6 Others
12. Countries - Global Modified Starch Market
12.1 North America
12.1.1 United States
12.1.2 Canada
12.2 Europe
12.2.1 France
12.2.2 Germany
12.2.3 Italy
12.2.4 Spain
12.2.5 United Kingdom
12.2.6 Belgium
12.2.7 Netherland
12.2.8 Turkey
12.3 Asia Pacific
12.3.1 China
12.3.2 Japan
12.3.3 India
12.3.4 South Korea
12.3.5 Thailand
12.3.6 Malaysia
12.3.7 Indonesia
12.3.8 Australia
12.3.9 New Zealand
12.4 Latin America
12.4.1 Brazil
12.4.2 Mexico
12.4.3 Argentina
12.5 Middle East & Africa
12.5.1 Saudi Arabia
12.5.2 UAE
12.5.3 South Africa
13. Porter’s Five Forces Analysis - Global Modified Starch Market
13.1 Bargaining Power of Buyers
13.2 Bargaining Power of Suppliers
13.3 Degree of Rivalry
13.4 Threat of New Entrants
13.5 Threat of Substitutes
14. SWOT Analysis - Global Modified Starch Market
14.1 Strength
14.2 Weakness
14.3 Opportunity
14.4 Threat
15. Key Players Analysis
15.1 Cargill Inc
15.1.1 Business overview
15.1.2 Recent Development
15.1.3 Sales Analysis
15.2 Ingredion Inc
15.2.1 Business overview
15.2.2 Recent Development
15.2.3 Sales Analysis
15.3 Archer Daniels Midland Company
15.3.1 Business overview
15.3.2 Recent Development
15.3.3 Sales Analysis
15.4 Tate and Lyle
15.4.1 Business overview
15.4.2 Recent Development
15.4.3 Sales Analysis
15.5 Associated British Foods plc
15.5.1 Business overview
15.5.2 Recent Development
15.5.3 Sales Analysis
15.6 Tereos Group
15.6.1 Business overview
15.6.2 Recent Development
15.6.3 Sales Analysis
15.7 Sudzucker AG
15.7.1 Business overview
15.7.2 Recent Development
15.7.3 Sales Analysis
15.8 Global Bio-Chem Technology Group Company Ltd.
15.8.1 Business overview
15.8.2 Recent Development
15.8.3 Sales Analysis
List of Tables
Table-01: Global - Modified Starch Market Share by Raw Material (Percent), 2019 - 2023
Table-02: Global - Forecast for Modified Starch Market Share by Raw Material (Percent), 2024 - 2032
Table-03: Global - Modified Starch Market Share by Product (Percent), 2019 - 2023
Table-04: Global - Forecast for Modified Starch Market Share by Product (Percent), 2024 - 2032
Table-05: Global - Modified Starch Market Share by Form (Percent), 2019 - 2023
Table-06: Global - Forecast for Modified Starch Market Share by Form (Percent), 2024 - 2032
Table-07: Global - Modified Starch Market Share by Function (Percent), 2019 - 2023
Table-08: Global - Forecast for Modified Starch Market Share by Function (Percent), 2024 - 2032
Table-09: Global - Modified Starch Market Share by End Use (Percent), 2019 - 2023
Table-10: Global - Forecast for Modified Starch Market Share by End Use (Percent), 2024 - 2032
Table-11: Global - Modified Starch Market Share by Countries (Percent), 2019 - 2023
Table-12: Global - Forecast for Modified Starch Market Share by Countries (Percent), 2024 - 2032
List of Figures
Figure-01: Global - Modified Starch Market (Billion US$), 2019 - 2023
Figure-02: Global - Forecast for Modified Starch Market (Billion US$), 2024 - 2032
Figure-03: Raw Material - Corn Market (Million US$), 2019 - 2023
Figure-04: Raw Material - Forecast for Corn Market (Million US$), 2024 - 2032
Figure-05: Raw Material - Wheat Market (Million US$), 2019 - 2023
Figure-06: Raw Material - Forecast for Wheat Market (Million US$), 2024 - 2032
Figure-07: Raw Material - Cassava Market (Million US$), 2019 - 2023
Figure-08: Raw Material - Forecast for Cassava Market (Million US$), 2024 - 2032
Figure-09: Raw Material - Others Market (Million US$), 2019 - 2023
Figure-10: Raw Material - Forecast for Others Market (Million US$), 2024 - 2032
Figure-11: Product - Starch Esters & Ethers Market (Million US$), 2019 - 2023
Figure-12: Product - Forecast for Starch Esters & Ethers Market (Million US$), 2024 - 2032
Figure-13: Product - Resistant Market (Million US$), 2019 - 2023
Figure-14: Product - Forecast for Resistant Market (Million US$), 2024 - 2032
Figure-15: Product - Cationic Market (Million US$), 2019 - 2023
Figure-16: Product - Forecast for Cationic Market (Million US$), 2024 - 2032
Figure-17: Product - Pre-Gelatinized Market (Million US$), 2019 - 2023
Figure-18: Product - Forecast for Pre-Gelatinized Market (Million US$), 2024 - 2032
Figure-19: Product - Others Market (Million US$), 2019 - 2023
Figure-20: Product - Forecast for Others Market (Million US$), 2024 - 2032
Figure-21: Form - Dry Market (Million US$), 2019 - 2023
Figure-22: Form - Forecast for Dry Market (Million US$), 2024 - 2032
Figure-23: Form - Liquid Market (Million US$), 2019 - 2023
Figure-24: Form - Forecast for Liquid Market (Million US$), 2024 - 2032
Figure-25: Function - Thickeners Market (Million US$), 2019 - 2023
Figure-26: Function - Forecast for Thickeners Market (Million US$), 2024 - 2032
Figure-27: Function - Stabilizers Market (Million US$), 2019 - 2023
Figure-28: Function - Forecast for Stabilizers Market (Million US$), 2024 - 2032
Figure-29: Function - Binders Market (Million US$), 2019 - 2023
Figure-30: Function - Forecast for Binders Market (Million US$), 2024 - 2032
Figure-31: Function - Emulsifiers Market (Million US$), 2019 - 2023
Figure-32: Function - Forecast for Emulsifiers Market (Million US$), 2024 - 2032
Figure-33: Function - Others Market (Million US$), 2019 - 2023
Figure-34: Function - Forecast for Others Market (Million US$), 2024 - 2032
Figure-35: End Use - Food & Beverage Market (Million US$), 2019 - 2023
Figure-36: End Use - Forecast for Food & Beverage Market (Million US$), 2024 - 2032
Figure-37: End Use - Animal Feed Market (Million US$), 2019 - 2023
Figure-38: End Use - Forecast for Animal Feed Market (Million US$), 2024 - 2032
Figure-39: End Use - Paper Market (Million US$), 2019 - 2023
Figure-40: End Use - Forecast for Paper Market (Million US$), 2024 - 2032
Figure-41: End Use - Pharmaceutical Market (Million US$), 2019 - 2023
Figure-42: End Use - Forecast for Pharmaceutical Market (Million US$), 2024 - 2032
Figure-43: End Use - Textiles Market (Million US$), 2019 - 2023
Figure-44: End Use - Forecast for Textiles Market (Million US$), 2024 - 2032
Figure-45: End Use - Others Market (Million US$), 2019 - 2023
Figure-46: End Use - Forecast for Others Market (Million US$), 2024 - 2032
Figure-47: United States - Modified Starch Market (Million US$), 2019 - 2023
Figure-48: United States - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-49: Canada - Modified Starch Market (Million US$), 2019 - 2023
Figure-50: Canada - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-51: France - Modified Starch Market (Million US$), 2019 - 2023
Figure-52: France - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-53: Germany - Modified Starch Market (Million US$), 2019 - 2023
Figure-54: Germany - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-55: Italy - Modified Starch Market (Million US$), 2019 - 2023
Figure-56: Italy - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-57: Spain - Modified Starch Market (Million US$), 2019 - 2023
Figure-58: Spain - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-59: United Kingdom - Modified Starch Market (Million US$), 2019 - 2023
Figure-60: United Kingdom - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-61: Belgium - Modified Starch Market (Million US$), 2019 - 2023
Figure-62: Belgium - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-63: Netherland - Modified Starch Market (Million US$), 2019 - 2023
Figure-64: Netherland - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-65: Turkey - Modified Starch Market (Million US$), 2019 - 2023
Figure-66: Turkey - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-67: China - Modified Starch Market (Million US$), 2019 - 2023
Figure-68: China - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-69: Japan - Modified Starch Market (Million US$), 2019 - 2023
Figure-70: Japan - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-71: India - Modified Starch Market (Million US$), 2019 - 2023
Figure-72: India - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-73: South Korea - Modified Starch Market (Million US$), 2019 - 2023
Figure-74: South Korea - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-75: Thailand - Modified Starch Market (Million US$), 2019 - 2023
Figure-76: Thailand - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-77: Malaysia - Modified Starch Market (Million US$), 2019 - 2023
Figure-78: Malaysia - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-79: Indonesia - Modified Starch Market (Million US$), 2019 - 2023
Figure-80: Indonesia - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-81: Australia - Modified Starch Market (Million US$), 2019 - 2023
Figure-82: Australia - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-83: New Zealand - Modified Starch Market (Million US$), 2019 - 2023
Figure-84: New Zealand - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-85: Brazil - Modified Starch Market (Million US$), 2019 - 2023
Figure-86: Brazil - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-87: Mexico - Modified Starch Market (Million US$), 2019 - 2023
Figure-88: Mexico - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-89: Argentina - Modified Starch Market (Million US$), 2019 - 2023
Figure-90: Argentina - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-91: Saudi Arabia - Modified Starch Market (Million US$), 2019 - 2023
Figure-92: Saudi Arabia - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-93: UAE - Modified Starch Market (Million US$), 2019 - 2023
Figure-94: UAE - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-95: South Africa - Modified Starch Market (Million US$), 2019 - 2023
Figure-96: South Africa - Forecast for Modified Starch Market (Million US$), 2024 - 2032
Figure-97: Cargill Inc - Global Revenue (Million US$), 2019 - 2023
Figure-98: Cargill Inc - Forecast for Global Revenue (Million US$), 2024 - 2032
Figure-99: Ingredion Inc - Global Revenue (Million US$), 2019 - 2023
Figure-100: Ingredion Inc - Forecast for Global Revenue (Million US$), 2024 - 2032
Figure-101: Archer Daniels Midland Company - Global Revenue (Million US$), 2019 - 2023
Figure-102: Archer Daniels Midland Company - Forecast for Global Revenue (Million US$), 2024 - 2032
Figure-103: Tate and Lyle - Global Revenue (Million US$), 2019 - 2023
Figure-104: Tate and Lyle - Forecast for Global Revenue (Million US$), 2024 - 2032
Figure-105: Associated British Foods plc - Global Revenue (Million US$), 2019 - 2023
Figure-106: Associated British Foods plc - Forecast for Global Revenue (Million US$), 2024 - 2032
Figure-107: Tereos Group - Global Revenue (Million US$), 2019 - 2023
Figure-108: Tereos Group - Forecast for Global Revenue (Million US$), 2024 - 2032
Figure-109: Sudzucker AG - Global Revenue (Million US$), 2019 - 2023
Figure-110: Sudzucker AG - Forecast for Global Revenue (Million US$), 2024 - 2032
Figure-111: Global Bio-Chem Technology Group Company Ltd. - Global Revenue (Million US$), 2019 - 2023
Figure-112: Global Bio-Chem Technology Group Company Ltd. - Forecast for Global Revenue (Million US$), 2024 - 2032

Companies Mentioned

  • Cargill Inc.
  • Ingredion Inc.
  • Archer Daniels Midland Company
  • Tate and Lyle
  • Associated British Foods plc,
  • Tereos Group
  • Sudzucker AG
  • Global Bio-Chem Technology Group Company Ltd.

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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