Modified Starch Market, by Product (starch esters & ethers, resistant, cationic, pre-gelatinized, others), By Material (corn, wheat, cassava, potato, others), By Function (stabilizers, thickeners, emulsifiers, binders, others), By End-use (Food & Beverage, Animal Feed, Paper, Pharmaceuticals, Textiles), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America), The Modified Starch Market size was estimated at USD 14.1 billion in 2023 and is projected to reach USD 17.27 billion in 2030 at a CAGR of 2.94% during the forecast period 2023-2030.

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The Modified Starch Market is expected to grow during the forecast period. This growth can be attributed to various factors such as the increasing demand for natural ingredients in food, the rising demand for natural sweeteners in beverages and the growing use of modified starch in various end-use industries. However, modified starches are more expensive compared to native starches due to the extra processing and modification procedures needed. This can affect the growth of the market during the forecast period.

Recent Developments

In October 2022, the Danish farmer-owned cooperative AKV Langholt AmbA has acquired Cargill’s 50% share in their mutual joint venture Cargill-AKV I/S. With the acquisition, AKV has expanded its product line to include 90,000 tons of native and modified potato starches for the global food and paper sectors, as well as proteins and starches from the potato for the feed and pet food businesses.

In October 2022, Roquette introduced organic pea protein starch as a dairy and meat replacement. This new grade of organic pea starch was developed for the US and European Union (EU) markets by ingredients supplier Roquette.

The prominent players in the Modified Starch market are

·        ADM

·        Agrana Beteiligungs AG

·        Avebe U.A.

·        Beneo-Remy N.V.

·        Cargill, Incorporated

·        China Essence Group Ltd.

·        Emsland-Stärke GmbH

·        Global Bio-Chem Technology Group Company Limited

·        Grain Processing Corporation

·        Ingredion Incorporated

·        Japan Corn Starch Co. Ltd

·        KMC (Kartoffelmelcentralen) Amb

·        PT Budi Starch & Sweetener Tbk

·        Roquette Frères

·        Samyang Genex Corp.

·        Sdzucker AG

·        Siam Modified Starch Co., Ltd. and More

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Asia-Pacific to Dominate the Modified Starch Market

Asia-Pacific is estimated to account for the largest market share during the forecast period because of the use of modified starch in a variety of applications.

Moreover, the region’s need for starch has been driven up by the rising industrial sectors such as textiles and cosmetics industries.

Key Findings of Modified Starch Market:

·        Based on product, the market is segmented into starch esters & ethers, resistant, cationic, pre-gelatinized, others. The starch esters & ethers dominated the market in this segment due to their capacity to extend the shelf life and enhance food texture. The usage of these goods in bakery, convenience, and dairy meals is anticipated to rise during the forecast period.

·        Based on material, the market is bifurcated into corn, wheat, cassava, potato, others. Corn dominated the market in this segment because there is a large supply and a large demand. It is frequently employed to thicken culinary dishes with a liquid foundation, such as gravies, puddings, sauces, soups, and custards. Numerous industrial uses exist for corn starch, which is adaptable and simple to modify. These uses include anti-sticking agents and adhesives in the papermaking sector. Additionally, it is employed in the manufacture of textiles, sugar, and corn syrup.

·        Based on function, the market is segmented into stabilizers, thickeners, emulsifiers, binders, others. Thickeners dominated the market in this segment. Modified starch is a thickening agent that increases the viscosity of any liquid without significantly changing its other characteristics. The food and beverage sector regularly use it, especially in puddings, sauces, soups, and gravies, without altering the flavour, which will increase demand for the product.

·        Based on end use, the market is segmented into food & beverage, animal feed, paper, pharmaceuticals, textiles. Food & Beverages industry dominated the market in this segment. Ready-to-drink mixtures can be enhanced by the addition of modified starches, which are great taste transporters. For a velvety smoothness in coffee, slushies, smoothies, and other beverages, it slightly increases viscosity. It improves the quality of such baked items when added to pasta, soup, and mayonnaise. In many different sectors, especially those that employ flavoured oils, it is also highly helpful for emulsifying final goods.

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·        In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

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