The modified starch market was valued for $9.0 billion in 2022 and is estimated to reach $14.4 billion by 2032, exhibiting a CAGR of 4.9% from 2023 to 2032.
Modified starch refers to a chemically or physically altered form of starch that possesses modified properties compared to native or unmodified starch. Starch is a complex carbohydrate found in various plant sources, such as corn, wheat, tapioca, and potato. It is composed of glucose units and is commonly used in the food and beverage, animal feed, textile, and other industries due to its thickening, stabilizing, gelling, and binding properties.
The modification of starch involves making changes to its molecular structure or properties to enhance its functionality for specific applications. This process can be achieved through various methods, including physical, enzymatic, or chemical treatments.
Modified starches find applications beyond the food and beverage industry. They are used in industries such as paper & packaging, textiles, pharmaceuticals, cosmetics, and animal feed. For instance, in the paper industry, modified starches improve the strength, smoothness, and printability of paper products. In textiles, they are used as sizing agents and thickeners. The wide range of applications and versatility of modified starches make them valuable ingredients in these industries, driving their demand.
Furthermore, a surge in consumer demand for clean and natural food products has been witnessed. Consumers are increasingly conscious about the ingredients used in their food and are inclined toward products with minimal or no artificial additives. Modified starches provide an opportunity for manufacturers to meet these clean label trends. They can be used as natural alternatives to artificial additives and emulsifiers, ensuring the label claims of natural or organic products. The clean label trend has led to increased utilization of modified starches in a wide range of food products.
However, modified starches face competition from alternative ingredients and additives that offer similar functionalities. For example, gums, hydrocolloids, and other stabilizers can provide comparable texture and stability properties in certain applications. The availability and effectiveness of these alternatives can impact the demand for modified starches, especially in specific industries or product formulations.
On the contrary, emerging economies, such as China, India, Brazil, and Southeast Asian countries, offer significant growth opportunities for the modified starch market. These regions have large population, have increased disposable incomes, and a shift in dietary patterns. As a result, there is a surge in demand for processed and convenience foods, which drives the need for modified starches. Moreover, the industrial sectors in these economies, including textiles, paper & packaging, and pharmaceuticals, provide opportunities for the utilization of modified starches in non-food applications.
The modified starch market is segmented on the basis of raw material, type, function, application, and region. On the basis of raw material, the market is categorized into maize, cassava, potato, wheat, and others. On the basis of type, it is divided into cationic starch, etherified starch, esterified starch, resistant starch, and pre-gelatinized. On the basis of function, it is classified into thickeners, stabilizers, binders, emulsifiers, and others. By application, the market is segregated into food & beverages, animal feed, paper-making, weaving textiles, pharmaceuticals, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global modified starch market profiles leading players that include ADM, AGRANA Beteiligungs-AG, AVEBE U.A., Cargill, Incorporated, EMSLAND GROUP GmbH and Co. KG, Ingredion Incorporated., Roquette Freres, Royal Ingredients Group, Tate and Lyle PLC, Tereos.
The global modified starch market report provides an in-depth competitive analysis as well as profiles of these major players.
Modified starch refers to a chemically or physically altered form of starch that possesses modified properties compared to native or unmodified starch. Starch is a complex carbohydrate found in various plant sources, such as corn, wheat, tapioca, and potato. It is composed of glucose units and is commonly used in the food and beverage, animal feed, textile, and other industries due to its thickening, stabilizing, gelling, and binding properties.
The modification of starch involves making changes to its molecular structure or properties to enhance its functionality for specific applications. This process can be achieved through various methods, including physical, enzymatic, or chemical treatments.
Modified starches find applications beyond the food and beverage industry. They are used in industries such as paper & packaging, textiles, pharmaceuticals, cosmetics, and animal feed. For instance, in the paper industry, modified starches improve the strength, smoothness, and printability of paper products. In textiles, they are used as sizing agents and thickeners. The wide range of applications and versatility of modified starches make them valuable ingredients in these industries, driving their demand.
Furthermore, a surge in consumer demand for clean and natural food products has been witnessed. Consumers are increasingly conscious about the ingredients used in their food and are inclined toward products with minimal or no artificial additives. Modified starches provide an opportunity for manufacturers to meet these clean label trends. They can be used as natural alternatives to artificial additives and emulsifiers, ensuring the label claims of natural or organic products. The clean label trend has led to increased utilization of modified starches in a wide range of food products.
However, modified starches face competition from alternative ingredients and additives that offer similar functionalities. For example, gums, hydrocolloids, and other stabilizers can provide comparable texture and stability properties in certain applications. The availability and effectiveness of these alternatives can impact the demand for modified starches, especially in specific industries or product formulations.
On the contrary, emerging economies, such as China, India, Brazil, and Southeast Asian countries, offer significant growth opportunities for the modified starch market. These regions have large population, have increased disposable incomes, and a shift in dietary patterns. As a result, there is a surge in demand for processed and convenience foods, which drives the need for modified starches. Moreover, the industrial sectors in these economies, including textiles, paper & packaging, and pharmaceuticals, provide opportunities for the utilization of modified starches in non-food applications.
The modified starch market is segmented on the basis of raw material, type, function, application, and region. On the basis of raw material, the market is categorized into maize, cassava, potato, wheat, and others. On the basis of type, it is divided into cationic starch, etherified starch, esterified starch, resistant starch, and pre-gelatinized. On the basis of function, it is classified into thickeners, stabilizers, binders, emulsifiers, and others. By application, the market is segregated into food & beverages, animal feed, paper-making, weaving textiles, pharmaceuticals, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global modified starch market profiles leading players that include ADM, AGRANA Beteiligungs-AG, AVEBE U.A., Cargill, Incorporated, EMSLAND GROUP GmbH and Co. KG, Ingredion Incorporated., Roquette Freres, Royal Ingredients Group, Tate and Lyle PLC, Tereos.
The global modified starch market report provides an in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the modified starch market analysis from 2022 to 2032 to identify the prevailing modified starch market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the modified starch market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global modified starch market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Raw Material
- Maize
- Cassava
- Potato
- Wheat
- Others
By Type
- Cationic Starch
- Etherified Starch
- Esterified Starch
- Resistant Starch
- Pre-gelatinized
By Function
- Thickners
- Stabilizers
- Binders
- Emulsifiers
- Others
By Application
- Food and Beverages
- Product Type
- Confectionary
- Beverages
- Processed Foods
- Others
- Animal Feed
- Type
- Swine Feed
- Ruminant Feed
- Poultry Feed
- Others
- Paper-making
- Weaving Textiles
- Pharmaceuticals
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- AGRANA Beteiligungs-AG
- Cargill, Incorporated
- Tate & Lyle PLC
- AVEBE U.A.
- Tereos
- ADM
- EMSLAND GROUP GmbH & Co. KG
- Ingredion Incorporated.
- Roquette Freres
- Royal Ingredients Group
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: MODIFIED STARCH MARKET, BY RAW MATERIAL
CHAPTER 5: MODIFIED STARCH MARKET, BY TYPE
CHAPTER 6: MODIFIED STARCH MARKET, BY FUNCTION
CHAPTER 7: MODIFIED STARCH MARKET, BY APPLICATION
CHAPTER 8: MODIFIED STARCH MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, the modified starch market was valued at $9 billion in 2022, and is estimated to reach $14.4 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032.Modified starch undergoes chemical, physical, or enzymatic modifications to alter its properties and enhance its functionality for specific applications. Starch, a complex carbohydrate, is naturally derived from plant sources such as corn, wheat, potato, tapioca, or rice.
The modification of starch involves various processes that can change its molecular structure, size, solubility, viscosity, gelatinization properties, or other characteristics. These modifications are typically done to overcome limitations of native starch and to meet the specific requirements of different industries such as food, pharmaceuticals, textiles, and paper manufacturing.
The food and beverage industry has experienced significant growth due to factors such as change in consumer preferences, increase in urbanization, and rise in disposable incomes. Modified starch is widely used in the food and beverage industry as stabilizer, thickener, emulsifier, and texture enhancer. It improves the overall quality and sensory attributes of food products, leading to increased demand for these ingredients.
Moreover, modified starch finds applications beyond the food and beverage industry. It is used in industries such as paper & packaging, textiles, pharmaceuticals, cosmetics, and animal feed. For instance, in the paper industry, modified starch improves the strength, smoothness, and printability of paper products. In textiles, t is used as sizing agents and thickeners. The wide range of applications and versatility of modified starch makes them valuable ingredients in these industries, driving its demand.
Moreover, modified starches can enhance feed efficiency by providing a highly digestible and readily available source of energy to animals. They are easily broken down and absorbed in the digestive system, leading to efficient utilization of nutrients and improved animal performance. This factor may act as one of the key drivers responsible for the growth of the modified starch market. Moreover, modified starch acts as a binder in pelleted animal feed, improving pellet quality and durability.
This allows easier handling, transportation, and storage of the feed, reducing feed wastage and ensuring consistent nutrient delivery to animals. In addition, modified starch can enhance the palatability of animal feed, making it more appealing to animals. It improves the taste, aroma, and texture of the feed, encouraging animals to consume it willingly. This is especially important for young animals or those transitioning to new diets. These factors altogether may surge the demand for modified starch in the growing food & beverages sector; thus, fueling the market growth.
However, Modified starches are generally more expensive than native starches due to the additional processing and modification steps involved. The higher cost can be a restraint for manufacturers, especially those operating in price-sensitive markets or dealing with tight profit margins. The cost factor may limit the adoption of modified starches, particularly in price-sensitive applications or regions with budget-conscious consumers.
On the contrary, a continuous need for product innovation and differentiation in the food and beverage industry has been witnessed. Modified starches offer manufacturers the ability to develop new and unique products with improved functionalities, textures, and stability. By leveraging the diverse properties of modified starches, manufacturers can create differentiated products that cater to specific consumer demands, such as gluten-free, organic, or low-fat options. Innovations in modified starch formulations and applications can drive market growth and capture consumer attention.
The report segments the modified starch market on the basis of raw material, type, function, application, and region. On the basis of raw material, the market is categorized into maize, cassava, potato, wheat, and others. On the basis of type, it is divided into cationic starch, etherified starch, esterified starch, resistant starch, and pre-gelatinized. On the basis of function, it is classified into thickeners, stabilizers, binders, emulsifiers, and others. By application, the market is segregated into food & beverages, animal feed, paper-making, weaving textiles, pharmaceuticals, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global modified starch market profiles leading players that include ADM, AGRANA Beteiligungs-AG, AVEBE U. A., Cargill, Incorporated, EMSLAND GROUP GmbH and Co. KG, Ingredion Incorporated., Roquette Freres, Royal Ingredients Group, Tate and Lyle PLC, Tereos. The global modified starch market report provides in-depth competitive analysis as well as profiles of these major players.
Key Market Insights
By raw material, the maize segment is the fastest growing segment, registering a CAGR of 5.2% from 2023 to 2032.By type, resistant starch is the fastest growing segment, registering a CAGR of 5.3% from 2023 to 2032.
By function, stabilizers is the fastest growing segment, registering a CAGR of 5.2% from 2023 to 2032.
By application, pharmaceuticals is the fastest growing segment, registering a CAGR of 5.3% from 2023 to 2032.
By region, Asia-Pacific registered the highest share of 37.3% in 2022, in terms of revenue, growing at a CAGR of 5.3% during the forecast period.
Companies Mentioned
- AGRANA Beteiligungs-AG
- Cargill, Incorporated
- Tate & Lyle PLC
- AVEBE U.A.
- Tereos
- ADM
- EMSLAND GROUP GmbH & Co. KG
- Ingredion Incorporated.
- Roquette Freres
- Royal Ingredients Group
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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