Meticulous Research®, an internationally acclaimed market research firm, has announced the release of its latest report, “Modified Starch Market Size, Share, Forecast, & Trends Analysis by Product Type (Acetylated Distarch Adipate, Dextrin, Maltodextrin), Raw Material (Corn, Cassava), Production Method (Chemical), Function, Form, End-use Industry - Global Forecast to 2031.”
According to the report, the global modified starch market is projected to reach $17.98 billion by 2031, expanding at a CAGR of 4.1% during the forecast period from 2024 to 2031.
The market's growth is driven by increasing demand for convenience foods, the growing use of modified starch in a variety of food applications, significant investments in the starch industry, and the rising demand for bio-based and sustainable products. However, the market faces challenges such as the limited availability and high costs of natural additives, along with a preference for gum arabic, which could impede growth.
The report identifies growth opportunities in the increasing demand for starch-based bioplastics and the expanding markets in Latin America, Asia-Pacific, and the Middle East & Africa. However, stringent regulatory approvals and rising raw material costs present significant challenges.
The market is segmented by product type (including acetylated distarch adipate, maltodextrin, hydroxypropyl distarch phosphate, pre-gelatinized starch, and others), raw material (such as corn, cassava, potato, and wheat), production method (chemical, physical, and enzymatic modification), function (thickener, binder, stabilizer, emulsifier), form (dry/powder and liquid), and end-use industry (food & beverage, animal nutrition, textiles, cosmetics, pharmaceuticals, papermaking). The report also provides a comprehensive regional analysis covering North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa.
The acetylated distarch adipate segment is expected to account for the largest share of 28.8% in the product type category by 2024, driven by its extensive use in the food & beverage industry as a stabilizer and thickener. Corn is anticipated to dominate the raw material segment with a 47.8% share, due to its versatility and cost-effectiveness. The chemical modification method is forecasted to hold the largest share of 66.9%, owing to its ability to enhance the functional properties of starch. The thickener function segment is expected to capture the largest share of 45.2%, driven by the growing use of modified starches in food production to achieve desired textures. The dry/powder form segment is projected to hold a 64.5% share, driven by its stability and ease of use. The food & beverage industry is anticipated to lead the end-use industry segment with a 50.8% share, supported by the rising demand for convenience foods.
Regionally, North America is projected to dominate the market with a 38.1% share in 2024, followed by Europe and Asia-Pacific. The North American market is expected to reach a value of $5.16 billion by 2024, supported by the well-established food & beverage industry and growing awareness of the benefits of modified starch.
Key Players
The modified starch market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the modified starch market are Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Archer-Daniels-Midland Company (U.S.), Roquette Frères (France), Tate & Lyle Plc (U.K.), AGRANA Beteiligungs-AG (Austria), Royal Avebe (Netherlands), Emsland-Stärke GmbH (Germany), Grain Processing Corporation (U.S.), Global Bio-chem Technology Group Company Limited (China), Asia Fructose Co., Ltd. (Thailand), Angel Starch and Foods Pvt. Ltd. (India), SMS Corporation Co., Ltd. (Thailand), Royal Ingredients Group B.V. (Netherlands), and SPAC Starch Products Ltd. (India) Private Limited (India).
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Key Questions Answered in the Report:
- What is the current revenue generated from the modified starch market?
- At what rate is the global demand for modified starch projected to grow for the next 5-7 years?
- What is the historical market size and growth rate for the modified starch market?
- What are the major factors impacting the growth of this market at global and regional levels?
- What are the major opportunities for existing players and new entrants in the market?
- Which product type, raw material, production method, function, form, and end-use industry segments are expected to create major traction for the manufacturers in this market?
- What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the modified starch market?
- Who are the major players in the modified starch market? What are their specific product offerings in this market?
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