Global Modified Starch Market will be US$ 16.2 Billion by 2027. Starch is an essential food product and a versatile biomaterial used worldwide for different purposes in many industrial sectors, including health, textile, foods, chemical, and engineering. Starch versatility in industrial applications is primarily defined by its physicochemical properties and functionality. At the same time, advancements in biotechnology and chemical technology have led to the wide-range modification of starch.
Furthermore, modified starches are important natural hydrocolloids to utilize in various end-user industries. It is obtained by making enzymatic, chemical, and physical changes to the original starch. Modified starch is formed by morphological or physicochemical changes in the structure of native starch via its treatment with acids, alkalis, heat, or enzymes: this enhanced heat, water-holding capacity, resistance, binding characteristics, and thickening properties. Corn, potato, Mazi, wheat, and cassava are some of the primary raw materials of modified starches. According to Renub Research, Worldwide Modified Starch Market Size was US$ 12.7 Billion in 2021.
How COVID-19 Benefited the Modified Starch Industry Globally
However, in the COVID-19 outbreak, the manufacturers found the bright side in the pharmaceutical industry. The demand for pharmaceuticals rose considerably during the pandemic due to the increased usage of modified starch. Regardless, as the sales of beverages, cold drinks, and juices in the Fast-moving consumer goods (FMCG) sector are progressively picking up pace, robust demand for glucose was observed to support the modified starches market growth. Besides, the pharmaceuticals industry has also been fostering the need for glucose, accounting for adequate stocking by the hospitals and healthcare institutions for dealing with any eventuality on the COVID-19 pandemic and the lockdown norms.
Global Modified Starch Industry is expected to grow with a CAGR of 4.1% from 2021 to 2027.
In terms of End-Users, modified starches are used in Food and Beverage, Animal feed, Paper Pharmaceuticals, Textiles, and Others. Over a long time, with the global economy gradually improving and a raised intake of processed and convenience foods, the industry for modified starch finds significant usage in food and beverage end-users. Modified starches offer many functional benefits to various foods, such as snacks, beverages, bakeries, and nutritional foods. While convenience remains a crucial driver in the market’s future, growing consumer calls for healthy alternatives redefine what it takes to stand out in the category.
North America remains the fastest-growing region
Regionally, North America led the global modified starches market. Owning to increasing awareness about the benefits of consuming low-fat food fuels the modified starches demand in the region, particularly in the U.S., as it is one of the world’s largest producers of corn starch and corn. After the United States, Canada is the second-largest contributor in the North American market because of growing product demand in the animal feed sector. Favorable government policies in agriculture trade to promote modified starch products and investments in the industry have developed new growth opportunities in the North American region.
Likewise, Asia-Pacific is another region with a substantial growth rate. This is due to the rise in demand for modified starches in several countries, such as India, China, Japan, South Korea, and Taiwan, depending on the agriculture sector for economic growth because it is a significant contributor to their GDP. The textile industry in the Asia Pacific positively impacts the global modified starches market.
The global modified starch market is fragmented into players like Cargill Inc, Ingredion Inc, Archer Daniels Midland Company, Tate and Lyle, Atlia Group, Tereos Group, Sudzucker AG, Global Bio-Chem Technology Group Company Limited.
Renub Research report “Modified Starch Market, Global Forecast, By raw material (Corn, potato, Mazi wheat, and cassava), Region (North America, Europe, Asia-Pacific, Latin America and Middle East), End- Use (Food and Beverage, Animal feed, Paper Pharmaceuticals, Textiles, and Others), Company Analysis (Cargill Inc, Ingredion Inc, Archer Daniels Midland Company, Tate and Lyle, Atlia Group, Tereos Group, Sudzucker AG, Global Bio-Chem Technology Group Company Limited).” covers in-depth analysis of the Modified Starch industry.
Raw Material - Market has been covered from 5 viewpoints
Region - Market has been covered from 5 viewpoints
1. North America
3. Asia Pacific
4. Latin America
5. Middle East
End use - Market has been covered from 6 viewpoints
1. Food and beverage
2. Animal feed
All the key players have been covered 3 Viewpoints
- Business Overviews
- Recent Development
- Sales Analysis
1. Cargill Inc
2. Ingredion Inc
3. Archer Daniels Midland Company
4. Tate and Lyle, Atlia Group
5. Tereos Group
6. Atlia Group
7. Sudzucker AG
8. Global Bio-Chem Technology Group Company Limited