Modified starches are starch extracts which are made from processing refined starches. Modified starches have better capabilities such as dissolves in cold water, stable thickness in different temperatures, hot fluidity and persistent stability. Modified starches is very much applied in the food industry and in the pulp and paper industry specifically in ridged cardboard and paper to increase the strength, surface and appearance of paper. The food and beverage industry is a significant consumer of modified starch, using it as a functional ingredient in various products. The increasing demand for processed foods, convenience foods, and functional beverages drove the growth of the modified starch market. But somehow, the instability in raw material costs and regulatory constraints are expected to hamper the market growth. The Modified Starch Market is projected to grow at the rate of 2.8% CAGR by 2028.
Modified Starch Market by Application
- Food & beverages
- Bakery & confectionery products
- Processed foods
- Beverages
- Other food applications
- Feed
- Swine feed
- Ruminant feed
- Poultry feed
- Other feed applications
- Industrial
- Papermaking
- Weaving & textiles
- Medicines & pharmaceuticals
- Cosmetics
- Other industrial application
Modified Starch Market by Type
- Corn
- Cassava
- Potato
- Wheat
- Others raw materials
Modified Starch Market by Form
- Dry
- Liquid
Modified Starch Market by Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
As per the application of modified starch, it is broadly applied in food and beverage industries. The food and beverage is further divided into bakery & confectionery products, processed foods, beverages and other food applications. The application of modified starch is enormously increasing in food and beverage industries as the starches are used as the additives to food to preserve flavor and enhance the taste and other qualities of the food product. Thus, food and beverage segment is leading the modified starch market.
In terms of product type, the product types include corn, cassava, potato, wheat and other raw materials. Corn is leading the modified starch market in type segmentation because corn is a staple food and the corn is mostly preferred around the world due to its benefits in diet and it is healthy. Furthermore, corn is widely as a thickening agent in some food recipes such as soups, custards and others.
On the bases of form, the market is furcated into dry form and liquid form. The dry form of the modified starch is most popular across the manufacturers. Owing to its high durability and easy to store over the liquid form, it has high demand among food and beverage manufacturers. The dry form of modified starches is also known to dissolve easily with the other ingredients; therefore, it is high demand among various industries.
In the modified starch market the North America is having the dominating position in the market share. This is because of surging consumer awareness of benefits of eating low-fat foods is anticipated to trigger demand in the region, particularly in the U.S., which is one of the major producers of corn starch and corn worldwide.
The global functional food and beverage market has been expanding, driven by consumers’ interest in products that offer additional health benefits. Modified starches with various functionalities, such as texture enhancement, stability, and reduced calories, have found applications in functional products which have accelerated the global market growth.
The major leading companies of the modified starch market are Emsland-Stärke GmbH, Grain Processing Corporation, Global Bio-Chem Technology Group Company Limited, Ingredion Incorporated, Roquette Frères, ADM, Agrana Beteiligungs AG, Avebe U.A., Cargill, Incorporated and Samyang Genex Corp.
Therefore, the modified starch is majorly used in the food industry as to improve the shelf life of the products and also helps the manufacturers improve the quality of the products. Furthermore, there is wide scope for the modified starch market in the forecasted period due to increasing research and development in this field.
• This report gives the exclusive perception of factors which will drive modified starch market growth.
• This report also offers the precise estimations on forthcoming trends and changes in consumer behavior.
• The penetration of the modified starch industry across North America, APAC, Europe, and Rest of the World is given in the report.
• A complete analysis of the market’s competitive outlook and detailed information on market vendors.