Global Modified Starch Market Size By Type of Source, By Useful Implementation, By Industry of End Use, By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Modified Starch Market Size By Type of Source, By Useful Implementation, By Industry of End Use, By Geographic Scope And Forecast
Modified Starch Market Size and Forecast
Modified Starch Market size was valued at USD 10.8 Billion in 2023 and is projected to reach USD 17.9 Billion by 2030, growing at a CAGR of 4.3% during the forecasted period 2024 to 2030.
Global Modified Starch Market Drivers
The market drivers for the Modified Starch Market can be influenced by various factors. These may include
- Growing Demand from the Food and Beverage Sector The market for modified starches is mostly driven by the food and beverage sector. In a variety of food products, such as sauces, soups, desserts, baked goods, and beverages, modified starches are employed as thickeners, stabilizers, emulsifiers, and texturizers. The market is expanding due to consumer desire for convenience and processed meals, as well as beneficial additives with better mouthfeel and texture.
- Growing Consumer Preference for Natural and Clean Label Ingredients The market is seeing a surge in demand for modified starches made from natural sources like potatoes, corn, and tapioca. These ingredients are preferred over artificial ones in food products. As consumers demand more natural and healthier food options, manufacturers are substituting clean label starches for chemically modified starches.
- Extension of Non-Food Applications Modified starches are used in a wide range of non-food industries, such as adhesives, paper, textiles, cosmetics, and medicines. The growing non-food industries brought about by urbanization, industrialization, and population increase present modified starch producers with new chances to broaden their product offerings and establish a stronger presence in the market.
- Technological Progress and Product Innovations The creation of modified starches with improved functionality, performance, and adaptability is made possible by developments in starch modification technologies, including enzymatic, physical, and chemical modification. Product innovations that meet specific application requirements and propel market growth include resistant starches, pregelatinized starches, and specialized starches.
- Sustainable and Eco-Friendly Substitutes Renewable and sustainable sources of modified starches are becoming more and more popular as environmentally friendly substitutes for artificial thickeners and stabilizers. The need for environmentally friendly modified starches is being driven by a number of industries. These include consumer awareness of environmental issues, as well as legislative actions that support sustainable practices and bio-based materials.
- Urbanization and Changing Lifestyles The demand for processed foods, convenience foods, and ready-to-eat meals is fueled by urbanization as well as changes in consumer dietary preferences and lifestyles. Modified starches are essential for improving processed foods’ texture, look, and shelf life while also satisfying urban customers’ need for quick and wholesome meal options.
- Growing Consumer Interest in Functional and Fortified Foods The market for modified starches as carriers and encapsulating agents is being driven by the rising demand for functional foods and fortified goods that are enhanced with vitamins, minerals, fibers, and other bioactive ingredients. The bioavailability, stability, and sensory qualities of functional additives in food and beverage compositions are all enhanced by modified starches.
- Globalization of Food Supply Chains The demand for modified starches as functional ingredients and processing aids is driven by the growth of international trade and the globalization of food supply chains. Modified starches provide food producers with cost-effectiveness, uniformity, and variety when creating goods for a range of regional markets and consumer tastes.
Global Modified Starch Market Restraints
Several factors can act as restraints or challenges for the Modified Starch Market. These may include
- Regulatory Restrictions and Compliance Issues Manufacturers of modified starches may encounter difficulties adhering to regulatory restrictions, such as those pertaining to food safety, labeling specifications, and quality standards. Adhering to intricate and dynamic legislation across various nations and areas necessitates substantial resources and could restrict market entry and growth.
- Price volatility for raw materials The market for modified starch is prone to price volatility for raw materials, especially when it comes to agricultural products like potatoes, corn, wheat, and tapioca. The weather, crop yields, and geopolitical tensions are among of the elements that might affect commodity market volatility, which can affect the profitability and production costs of companies that produce modified starch.
- Competitive Pressure from Substitutes Hydrocolloids, gums, pectins, and synthetic additives are some of the alternatives and substitutes that modified starches must contend with. The potential for market expansion for modified starches in specific applications and industries may be restricted by the availability of affordable substitutes that exhibit comparable functionality and performance characteristics.
- Restricted Functional capabilities and Performance Although starch modification technologies have advanced, modified starches may not perform as well as synthetic additives and specialized ingredients in terms of stability and functional capabilities. Improving the modified starches’ competitiveness in the market requires addressing these constraints through research and development initiatives.
- Supply Chain Disruptions and logistical Challenges The availability and delivery of modified starch products to clients may be impacted by supply chain disruptions, which include manufacturing and distribution network disruptions, logistical restrictions, and transportation bottlenecks. These difficulties could result in delays, a lack of supplies, and higher prices for producers and consumers.
- Customer Perception and acceptability Demand and adoption in the market may be influenced by consumer perception and acceptability of modified starches as food ingredients. Unfavorable opinions about the naturalness, healthfulness, or safety of modified starches may discourage customer acceptance and increase the need for clean label substitutes, which could hinder market expansion.
- Technical complexity and processing challenges To achieve desired product performance and quality, the use of modified starches in food and industrial applications may require specialized equipment, formulation expertise, and process optimization. The integration of modified starches into formulations can provide technical and processing obstacles that could impede market uptake and innovation.
- Environmental Issues and Sustainability Requirements The sustainability credentials of modified starch products may be impacted by environmental issues relating to water usage, energy consumption, and carbon emissions associated with starch manufacturing and modification. For market participants, meeting sustainability standards and minimizing the environmental impact of modified starch production techniques are crucial.
Global Modified Starch Market Segmentation Analysis
The Modified Starch Market is segmented on the basis of Type of Source, Useful Implementation, Industry of End Use And Geography.
By Type of Source
- Corn Starch Modified starch extracted from corn, a commonly utilized source because of its availability and adaptability to a wide range of uses, including paper, food, medicine, and textiles.
- Tapioca Starch A modified starch derived from tapioca roots, tapioca starch is widely used in food and beverage applications due to its excellent thickening and gelling qualities, neutral taste, and clear color.
- Potato Starch Potato starch is a modified starch derived from potatoes that is frequently used in processed foods, soups, sauces, and bakery goods. It is prized for its high viscosity, texture, and freeze-thaw resilience.
- Wheat Starch Wheat starch is a modified starch derived from wheat grains that can be used in recipes calling for a gluten-free or allergy-friendly substitute, like pasta and baked goods.
- Other Sources To meet certain nutritional, functional, and cultural preferences, this section contains modified starches obtained from other sources such rice, sorghum, arrowroot, and legumes.
By Useful Implementation
- Thickening Agents Modified starches are added to food and beverage compositions, such as soups, sauces, gravies, dressings, and dairy products, to improve texture and mouthfeel. They also serve as stabilizers.
- Gelling Agents Gelling agents are modified starches that have the ability to gel and are used to add structure, stability, and sensory elements to gel-based products such puddings, candies, jellies, and fruit fillings.
- Emulsifying Agents Modified starches used to improve texture, appearance, and shelf life in food systems, such as salad dressings, mayonnaise, sauces, and baked fillings.
- Film-Forming Agents Food packaging, pharmaceutical coatings, and industrial applications use modified starches as film-forming agents to make edible films, coatings, and encapsulating systems for controlled release and protection.
- Texturizing Agents Added modified starches to increase mouthfeel, viscosity, and sensory qualities in processed foods, meat products, snacks, and convenience foods.
By Industry of End Use
- Food and Drink Modified starches are extensively utilized in the food and beverage sector for a range of purposes, such as dairy, meat, sauces, dressings, beverages, and convenience foods.
- Pharmaceuticals and Personal Care Modified starches are used as binders, disintegrants, and excipients in pharmaceutical formulations, nutraceuticals, oral dosage forms, topical treatments, and personal care products.
- Textiles and Paper Strength, stiffness, printability, and surface qualities are improved by the use of modified starches in textile sizing, finishing, and printing applications as well as papermaking processes.
- Industrial & Non-Food Various non-food applications that need viscosity, stickiness, and biodegradability, such as animal feed, bioplastics, adhesive formulations, and modified starches used in industrial processes.
By Geography
- North America
- Asia-Pacific
- Latin America
- Middle East & Africa
- Europe
Key Players
The major players in the Modified Starch Market are
- Archer Daniels Midland Company (ADM)
- Cargill Incorporated
- Ingredion Incorporated
- Roquette Frères
- Tate & Lyle PLC
- AVEBE U.A.
- EMSLAND Group GmbH & Co. KG
- Agrana Beteiligungs-AG
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Archer Daniels Midland Company (ADM), Cargill Incorporated, Ingredion Incorporated, Roquette Frères, Tate & Lyle PLC, AVEBE U.A., EMSLAND Group GmbH & Co. KG, Agrana Beteiligungs-AG |
SEGMENTS COVERED | Type of Source, Useful Implementation, Industry of End Use And Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
• In case of any please connect with our sales team, who will ensure that your requirements are met.