Furthermore, modified starches are important natural hydrocolloids to utilize in various end-user industries. It is obtained by making enzymatic, chemical, and physical changes to the original starch. Modified starch is formed by morphological or physicochemical changes in the structure of native starch via its treatment with acids, alkalis, heat, or enzymes: this enhanced heat, water-holding capacity, resistance, binding characteristics, and thickening properties. Corn, potato, Mazi, wheat, and cassava are some of the primary raw materials of modified starches. According to the publisher, Worldwide Modified Starch Market Size was US$ 12.7 Billion in 2021.
How COVID-19 Benefited the Modified Starch Industry Globally
However, in the COVID-19 outbreak, the manufacturers found the bright side in the pharmaceutical industry. The demand for pharmaceuticals rose considerably during the pandemic due to the increased usage of modified starch. Regardless, as the sales of beverages, cold drinks, and juices in the Fast-moving consumer goods (FMCG) sector are progressively picking up pace, robust demand for glucose was observed to support the modified starches market growth. Besides, the pharmaceuticals industry has also been fostering the need for glucose, accounting for adequate stocking by the hospitals and healthcare institutions for dealing with any eventuality on the COVID-19 pandemic and the lockdown norms.
Global Modified Starch Industry is expected to grow with a CAGR of 4.1% from 2021 to 2027.
In terms of End-Users, modified starches are used in Food and Beverage, Animal feed, Paper Pharmaceuticals, Textiles, and Others. Over a long time, with the global economy gradually improving and a raised intake of processed and convenience foods, the industry for modified starch finds significant usage in food and beverage end-users. Modified starches offer many functional benefits to various foods, such as snacks, beverages, bakeries, and nutritional foods. While convenience remains a crucial driver in the market’s future, growing consumer calls for healthy alternatives redefine what it takes to stand out in the category.
North America remains the fastest-growing region
Regionally, North America led the global modified starches market. Owning to increasing awareness about the benefits of consuming low-fat food fuels the modified starches demand in the region, particularly in the U.S., as it is one of the world’s largest producers of corn starch and corn. After the United States, Canada is the second-largest contributor in the North American market because of growing product demand in the animal feed sector. Favorable government policies in agriculture trade to promote modified starch products and investments in the industry have developed new growth opportunities in the North American region.
Likewise, Asia-Pacific is another region with a substantial growth rate. This is due to the rise in demand for modified starches in several countries, such as India, China, Japan, South Korea, and Taiwan, depending on the agriculture sector for economic growth because it is a significant contributor to their GDP. The textile industry in the Asia Pacific positively impacts the global modified starches market.
Key Companies
The global modified starch market is fragmented into players like Cargill Inc, Ingredion Inc, Archer Daniels Midland Company, Tate and Lyle, Atlia Group, Tereos Group, Sudzucker AG, Global Bio-Chem Technology Group Company Limited.
The report Modified Starch Market, Global Forecast, By raw material (Corn, potato, Mazi wheat, and cassava), Region (North America, Europe, Asia-Pacific, Latin America and Middle East), End- Use (Food and Beverage, Animal feed, Paper Pharmaceuticals, Textiles, and Others), Company Analysis (Cargill Inc, Ingredion Inc, Archer Daniels Midland Company, Tate and Lyle, Atlia Group, Tereos Group, Sudzucker AG, Global Bio-Chem Technology Group Company Limited). covers in-depth analysis of the Modified Starch industry.
Raw Material - Market has been covered from 5 viewpoints
1. Maize
2. Corn
3. Wheat
4. Cassava
5. Rice
Region - Market has been covered from 5 viewpoints
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East
End use - Market has been covered from 6 viewpoints
1. Food and beverage
2. Animal feed
3. Paper
4. Pharmaceuticals
5. Textiles
6. Others
All the key players have been covered 3 Viewpoints
- Business Overviews
- Recent Development
- Sales Analysis
Company Analysis
1. Cargill Inc
2. Ingredion Inc
3. Archer Daniels Midland Company
4. Tate and Lyle, Atlia Group
5. Tereos Group
6. Atlia Group
7. Sudzucker AG
8. Global Bio-Chem Technology Group Company Limited
Table of Contents
Companies Mentioned
- Cargill Inc
- Ingredion Inc
- Archer Daniels Midland Company
- Tate and Lyle
- Tereos Group
- Atlia Group
- Sudzucker AG
- Global Bio-Chem Technology Group Company Limited
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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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 135 |
| Published | March 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 12.7 Billion |
| Forecasted Market Value ( USD | $ 16.2 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
