Modified Starch Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.62 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
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Modified Starch Market Analysis
The global modified starch market is projected to register a CAGR of 4.62% over the next five years.
- Over the long term, with the global economy gradually improving and resulting in an increased intake of processed and convenience foods, the market for modified starch, which finds substantial usage in these food applications, is finding increased demand, thereby driving the overall market. Modified starches are used in the food and beverage industry as thickeners, stabilizers, and emulsifiers. The rising population, urbanization, and shifting dietary patterns all contribute to increased demand for these functional ingredients.
- Technological advancements in the field of modified starch production have led to the development of innovative and high-performance modified starches that cater to specific applications. This has created new market opportunities and expanded the scope of modified starches. Government regulations related to food safety and quality are driving the demand for modified starches as they are considered safe and healthy alternatives to synthetic additives.
- Consumers are becoming more aware of the benefits of using natural and functional ingredients in their food and other products. Modified starches are in high demand in a variety of applications because they are seen as natural and healthy ingredients. The demand for modified starches is helping the rapid development of the food industry. Modified starches offer a tremendous number of functional benefits to various foods, such as bakeries, snacks, beverages, and nutritional foods. While convenience remains a key driver in the market's future, growing consumer calls for healthy alternatives are redefining what it takes to stand out in the category.
- Manufacturers have also been readily inculcating the clean label trend in their products to gain market share. The pharmaceutical and industrial sectors can use modified starches in a wide range of applications. They are used, among other purposes, in cosmetics, papermaking, textiles, and adhesives. The rising use of bio-based materials and environmentally friendly goods is predicted to increase demand for modified starches in these industries.
Modified Starch Market Trends
Increasing Investments in the Starch Market to Strengthen the Growth
- Investments in the starch market are expanding production capacity, which can meet the growing demand for modified starches in various industries. With increased production, manufacturers can take advantage of economies of scale and reduce their costs, resulting in higher profit margins and increased market share.
- For instance, in February 2021, Tate & Lyle PLC completed the acquisition of an 85% shareholding in Chaodee Modified Starch Co. Ltd ('CMS'), a well-established tapioca-modified food starch manufacturer based in Thailand. The investment extended Tate & Lyle's presence in specialty tapioca-based restaurants and established a dedicated production facility in the main tapioca-producing region of Eastern Thailand.
- Ingredient suppliers have been diversifying their starch sources, while starch innovations are centered on elements within baked foods, including sauces in frozen food meals and fruit filling in desserts. According to the European Starch Industry Association (ESIA), The European Starch Industry currently produces more than 11 million tonnes of starch and starch derivatives, as well as more than 5 million tonnes of proteins and fibers annually, from 71 starch-producing facilities in 20 member nations of the European Union (EU). This is mainly extracted from 25 million tones of EU-grown wheat, maize, and potatoes, but also from barley, rice, and peas. EU starch production increased from 8.7 million tonnes in 2004 to over 11 million tonnes in 2021.
- More importantly, a growing number of starch manufacturers have been investing in the starch and sweeteners market in Europe to support the local economy and community while positioning the business for long-term growth. Increasing investments in the starch market can support growth by expanding production capacity, developing innovative products, optimizing the supply chain, and strengthening the brand image and customer relationships. Therefore, the rising investment in modified starch production to cater to the surging demand is expected to bolster the market's growth during the forecast period.
Asia-Pacific Remains the Fastest Growing Region
- The application of modified starch in varied applications is widely contributing to the growth in the Asia-Pacific region. It aids in thickening or stabilizing food products, especially sauces. Thus, with the rising market for sauces and condiments, the industrial starches market is also growing at a faster pace. The booming manufacturing sectors, ranging from textiles to the cosmetics industry, have been pushing the demand for starch in the region. The food industry is one of the major consumers of modified starches in the Asia Pacific region.
- The demand for modified starches in this sector is driven by the increasing demand for processed foods, convenience foods, and functional foods, which require high-quality modified starches as ingredients. The rapidly growing processed food industry and the consumer shift toward snacking have been driving the modified starch market in countries like China and India. The food industry is the most lucrative segment considering liberalized regulations toward using modified starch in food production.
- Government policies supporting the use of modified starches in various industries, particularly in the food and beverage sector, are driving the growth of the modified starch market in the Asia Pacific region. These policies are aimed at promoting the use of natural and healthy ingredients in food products and ensuring food safety.
- The evolving retail landscape, along with the involvement of numerous global and local players producing prepared food, is also projected to boost the demand in the modified starches market in the region.
Modified Starch Industry Overview
The global modified starch market is fragmented. However, few international players are focusing on increasing their market share in developed economies. The leading players, including Archer Daniels Midland Company, Cargill Incorporated, Ingredion Incorporated, Roquette Freres, and Tate & Lyle, are the most active companies in the modified starch market.
New product launches and innovations are the major strategies adopted by companies to strengthen their business. The strategy of forming new agreements and partnerships with local players has helped the companies increase their footprint in foreign countries and release new products according to the consumers' changing preferences, and leverage the expertise of these small regional companies.
For instance, in April 2021, Cargill Inc. partnered with Starpro, a key food-grade tapioca starch producer in Thailand, to expand its specialty tapioca starch offerings in the Asia-Pacific region. The collaboration will support food manufacturers' product processing requirements and meet consumers' sensory expectations.
Modified Starch Market Leaders
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Roquette Freres
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Ingredion Incorporated
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Tate & Lyle
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Cargill, Incorporated
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Archer Daniels Midland Company
*Disclaimer: Major Players sorted in no particular order
Modified Starch Market News
- October 2022: Roquette launched organic pea protein starch as a meat and dairy substitute. The ingredients supplier Roquette introduced this new grade of organic pea starch for the European Union (EU) and US markets.
- March 2022: Ingredion launched two clean-label rice starches. Rice starch offers a smooth and creamy appearance with hypoallergenic properties and good digestibility. Native rice starches with improved color and flavor release are intended to provide natural flavor and color even in white products. The starches also lessen environmental impact and increase supply chain resilience for the company.
- April 2021: EmslandGroup launched the Emwaxy Spray 200, which fits perfectly with the rapidly growing demand for clean-label alternative ingredients for the food industry. Emwaxy Spray 200 is a clean-label low DE starch derivative based on high amylopectin potato starch.
Modified Starch Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
-
4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Source
- 5.1.1 Corn
- 5.1.2 Wheat
- 5.1.3 Cassava
- 5.1.4 Potato
- 5.1.5 Other Sources
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5.2 By Application
- 5.2.1 Food and Beverage
- 5.2.1.1 Bakery and Confectionery
- 5.2.1.2 Beverages
- 5.2.1.3 Dairy
- 5.2.1.4 Meat and Meat Products
- 5.2.1.5 Soups, Sauces, and Dressings
- 5.2.1.6 Other Foods and Beverages
- 5.2.2 Animal Feed
- 5.2.3 Personal Care Products
- 5.2.4 Others Applications
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5.3 By Type
- 5.3.1 Etherified Starch
- 5.3.2 Pre-gelatinized Starch
- 5.3.3 Resistant Starch
- 5.3.4 Esterified Starch
- 5.3.5 Other Types
-
5.4 By Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.1.4 Rest of North America
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Russia
- 5.4.2.5 Italy
- 5.4.2.6 Spain
- 5.4.2.7 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 India
- 5.4.3.2 China
- 5.4.3.3 Australia
- 5.4.3.4 Japan
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle-East and Africa
- 5.4.5.1 United Arab Emirates
- 5.4.5.2 South Africa
- 5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Cargill Incorporated
- 6.3.2 Tate & Lyle PLC
- 6.3.3 Ingredion Incorporated
- 6.3.4 Archer Daniels Midland Company
- 6.3.5 Roquette Freres
- 6.3.6 Sdzucker AG
- 6.3.7 EMSLAND-STRKE GmbH
- 6.3.8 Agrana Beteiligungs AG
- 6.3.9 Japan Corn Starch Co. Ltd
- 6.3.10 Grain Processing Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityModified Starch Industry Segmentation
Modified starch is prepared by physically, enzymatically, or chemically treating native starch to change its properties.
The global modified starch market is segmented into source, application, type, and geography. Based on the source, the market is segmented into corn, wheat, cassava, potato, and other sources. Based on application, the modified starch market is segmented into food and beverages, animal feed, personal care products, and other applications. Food and beverage is further segmented into bakery and confectionery, beverages, dairy, meat and meat products, soups, sauces and dressings, and other foods and beverages. Based on type, the market is segmented into etherified starch, pre-gelatinized starch, resistant starch, esterified starch, and other types. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa.
The market sizing has been done in value terms in USD for all the abovementioned segments.
| By Source | Corn | |
| Wheat | ||
| Cassava | ||
| Potato | ||
| Other Sources | ||
| By Application | Food and Beverage | Bakery and Confectionery |
| Beverages | ||
| Dairy | ||
| Meat and Meat Products | ||
| Soups, Sauces, and Dressings | ||
| Other Foods and Beverages | ||
| By Application | Animal Feed | |
| Personal Care Products | ||
| Others Applications | ||
| By Type | Etherified Starch | |
| Pre-gelatinized Starch | ||
| Resistant Starch | ||
| Esterified Starch | ||
| Other Types | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| By Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Russia | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | India |
| China | ||
| Australia | ||
| Japan | ||
| Rest of Asia-Pacific | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| By Geography | Middle-East and Africa | United Arab Emirates |
| South Africa | ||
| Rest of Middle-East and Africa |
Modified Starch Market Research FAQs
What is the current Modified Starch Market size?
The Modified Starch Market is projected to register a CAGR of 4.62% during the forecast period (2024-2029)
Who are the key players in Modified Starch Market?
Roquette Freres, Ingredion Incorporated, Tate & Lyle, Cargill, Incorporated and Archer Daniels Midland Company are the major companies operating in the Modified Starch Market.
Which is the fastest growing region in Modified Starch Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Modified Starch Market?
In 2024, the North America accounts for the largest market share in Modified Starch Market.
What years does this Modified Starch Market cover?
The report covers the Modified Starch Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Modified Starch Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Modified Starch Industry Report
Statistics for the 2024 Modified Starch market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Modified Starch analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
