Market Size of Modified Starch Industry
| 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 |
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 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 | ||||||||
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| Animal Feed | ||||||||
| Personal Care Products | ||||||||
| Others Applications |
| By Type | |
| Etherified Starch | |
| Pre-gelatinized Starch | |
| Resistant Starch | |
| Esterified Starch | |
| Other Types |
| By Geography | |||||||||
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Modified Starch Market Size Summary
The global modified starch market is experiencing significant growth, driven by the increasing demand for processed and convenience foods. Modified starches are extensively used in the food and beverage industry as thickeners, stabilizers, and emulsifiers, which are essential for enhancing the texture and quality of various food products. The rising population, urbanization, and changing dietary patterns are contributing to the heightened demand for these functional ingredients. Technological advancements have led to the development of innovative modified starches, creating new market opportunities. Additionally, government regulations promoting food safety and quality are further boosting the demand for modified starches, as they are considered safer and healthier alternatives to synthetic additives. The trend towards natural and functional ingredients is also gaining traction among consumers, driving the market's expansion across various food applications.
In the Asia-Pacific region, the demand for modified starches is particularly strong due to the booming processed food industry and the increasing consumption of convenience foods. The region's manufacturing sectors, including textiles and cosmetics, are also contributing to the market's growth. Government policies supporting the use of natural and healthy ingredients in the food and beverage sector are further propelling the market. The global modified starch market is fragmented, with key players like Archer Daniels Midland Company, Cargill Incorporated, Ingredion Incorporated, Roquette Freres, and Tate & Lyle actively expanding their market share through new product launches and strategic partnerships. These companies are leveraging collaborations with local players to enhance their presence in foreign markets and meet the evolving consumer preferences. The rising investments in modified starch production are expected to bolster the market's growth, catering to the surging demand across various industries.
Modified Starch Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Source
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2.1.1 Corn
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2.1.2 Wheat
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2.1.3 Cassava
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2.1.4 Potato
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2.1.5 Other Sources
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2.2 By Application
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2.2.1 Food and Beverage
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2.2.1.1 Bakery and Confectionery
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2.2.1.2 Beverages
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2.2.1.3 Dairy
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2.2.1.4 Meat and Meat Products
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2.2.1.5 Soups, Sauces, and Dressings
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2.2.1.6 Other Foods and Beverages
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2.2.2 Animal Feed
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2.2.3 Personal Care Products
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2.2.4 Others Applications
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2.3 By Type
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2.3.1 Etherified Starch
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2.3.2 Pre-gelatinized Starch
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2.3.3 Resistant Starch
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2.3.4 Esterified Starch
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2.3.5 Other Types
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2.4 By Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Russia
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2.4.2.5 Italy
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2.4.2.6 Spain
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2.4.2.7 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 India
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2.4.3.2 China
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2.4.3.3 Australia
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2.4.3.4 Japan
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 United Arab Emirates
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East and Africa
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Modified Starch Market Size 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.
