Modified Starch Market By Product Type; By Raw Material; By Function Form; By Production Method; By End-Use & Global Region - - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032

Modified Starch Market Overview

The global modified starch market size was estimated at USD 15.8 billion in 2022 and is expected to reach USD 20.5 billion by 2032, growing with a CAGR of 2.6% over the forecasted period of 2022 to 2032. Modified starch, also called starch derivatives, is a physically, enzymatically or chemically altered food ingredient made from starch by changing its properties for enhancing its performance in different applications. Modified starch serves different purposes in different industries and is used in all starch applications, such as in food products as a thickening agent, stabilizer or emulsifier agents due to its partially digestible nature and quality of being gluten free, and providing lesser fat than regular starches; in pharmaceuticals as a disintegrate; or as binder in coated paper. They are also used in many other applications and are also useful in easy manufacturing of recipes and cookery.

Modifications are usually done to increase their stability against excessive heat, acid, shear, time, cooling, or freezing; to improve water holding capacity; to change their texture; to decrease or increase their viscosity; to lengthen or shorten gelatinization time; or to increase their viscos-stability.

The global modified starch market is expected to grow at a moderate CAGR in the upcoming years.

Modified Starch Market Drivers

The growth of this market is attributed towards various relying factors including but not limited to; the rapidly developing pharmaceutical industry, the rising demand for convenience food globally, the worldwide increasing consumption of processed food, the growing demand for modified starch in different applications such as textiles, pharmaceutical, cosmetics, paper making and related industries, increased demand for adhesives in a range of industrial applications, high investment in R&D activities and growing number of obese and diabetic population etc.

Additionally, along with the presence of emulsifying agents being a key requirement across several chemical processes within the food industry, the need for stabilizers in food processing, the increasing demand for natural sweeteners in beverages and the use of modified carbohydrates in various end-use industries such as cosmetics, paper are enhancing the growth of the modified starch market.

Moreover, with the introduction of the latest technologies, well established companies in developed regions are focusing on increasing their R&D activities to be able to roll out new products and improve existing product properties so as  to cater to the demand from other end-use industries such as construction adhesive, personal care, paper and corrugation, and more, which, in turn, prospers the overall growth and demand for these products globally.

Furthermore, growth in functional food products, the use of modified starch for the manufacture of animal feed as a result of growing inclination towards owning a pet, clean label demand and the purpose of achieving cost reduction in the production process will contribute in enhancing the growth of the product substantially.

More importantly, the recent outbreak of the COVID-19 disease resulted in ample growth in the modified starch market. This is because people with high blood pressure and diabetes were found to be more susceptible to the disease and hence were seen to be using more products that included modified starch in it. Also, due to the onset of lockdowns, obese people and people who newly put up weight during the time were found to be searching for ways to maintain their health and shape increasingly. This eventually led to the adoption of increased usage of modified starch and the trend of which is likely to continue even post the lifting up of these restrictions anytime in the near future.

However, the rising costs and volatility in process of raw materials, growing stringent regulations, the growing properties of gum arabic coupled with the high cost of natural additives and the availability of alternatives are factors that are hampering the growth of this market.

Modified Starch Market Segmentation

By Product Type:

• Acetylated Starch
• Physically Modified Starch
• Enzyme Modified Starch
  • Anionic Starch
  • Cationic Starch
  • Dextrin
  • Oxidized Starch
  • Thinned Starch
  • Pre-Gelatinized Starch
  • Others

By Raw Material

• Corn
• Cassava
• Wheat
• Potato
• Others

 By Function 

• Stabilizers
• Thickeners
• Emulsifiers
• Binders
• Others

By Form

• Dry
• Liquid

 By Production Method:  

• Physical Methods
• Heat–moisture Treatment
• Annealing
• Retrogradation
• Freezing
• Ultra-High-Pressure Treatment
• Glow Discharge Plasma Treatment
• Osmotic-Pressure Treatment
• Thermal Inhibition
• Gelatinization  
• Chemical Modifications
  • Etherification
  • Esterification
  • Cross-Linking
  • Acid Treatment
  • Oxidation
  • Dual Modification 
• Enzymatic Modifications
• Genetic Modification

 By End-Use: 

• Food & Beverage
• Animal Feed
• Paper
• Pharmaceuticals
• Textiles
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Modified Starch Market Regional Insight

The Asia-Pacific region is the largest and the fastest growing regional market for modified starch. This is attributable to the favorable government policies in agriculture trade to promote modified starch products in the region, growing investments in the industry, the rapidly developing technology in related industries, the availability of cheap raw materials & low production costs, the growing government initiatives in the occupation of farming promoting the usage of modified starch products, comparatively lesser stringent environment regulations than other countries, the expansion of production facilities and increasing product demand from the food, paper, and textile sectors in the region etc. The major contributors in the region include India, China, Japan and South Korea.

The North America region held and still holds a substantial share in the modified starch market and is expected to also grow significantly in the upcoming years owing to the rising awareness about the benefits of consuming low-fat food in regions such as U.S, the changing consumption pattern of the existing populace, innovation and developments of new products such as, n-octenyl succinic anhydride-modified starch and diversified applications of the product in the region along with several other related factors. The major contributors in the region include The U.S, Canada and Mexico.

The European region is anticipated to grow at a robust growth rate in the next few years owing to the rising demand for modified starches from the paper industry, textiles and other industries and the increasing awareness in the industries regarding the advantages that the product offers.

Key Players In Modified Starch Market

• Tate & Lyle PLC
• Agrana Beteiligungs-AG
• Sms Corporation Co. Ltd
• Global Bio-Chem Technology Group Company Limited
• Spac Starch Products Ltd.
• Qingdao Cbh Co.Ltd.
• Ulrick and Short Ltd.
• Penford Corp.
• Cargill
• Ingredion Incorporated
• Roquette Frères
• Avebe U. A
• Emsland- Stärke GmbH
• Tirupati Starch & Chemicals Ltd.
• Angel Starch & Food Pvt Ltd
• Honest Derivatives Pvt. Ltd.
• Sanstar Bio - Polymers Ltd.
• Shubham Starch Chem (P) Ltd.
• AGRANA Strke GmbH
• Everest Starch Pvt. Ltd
• Archer Daniels Midland Company
• Ingredion Incorporated
• Grain Processing Corporation
• Other Players

RECENT DEVELOPMENTS:

In April 2020, Ingredion was reportedly said to be involved in building an integrated modified starch facility in China designed to more than double its capacity, significantly expanding production capabilities adjacent to its Shandong site to meet growing consumer demands.

In November 2020, Tate & Lyle PLC, a global provider of food and beverage ingredients and solutions, signed an agreement to acquire an 86% shareholding in Chaldees Modified Starch Co. Ltd. (CMS), a tapioca modified starch manufacturer located in Thailand.

Timeline Considered for Analysis:

- 2021: Base Year

- 2022 to 2032: Forecast Period

Research Scope and Deliverables

Overview & Executive Summary

Market Drivers, Trends, Challenges and Opportunities

Market Size and Forecast Projections

Macroeconomic Indicators of Various Countries Impacting the Growth of the Market

Extensive Coverage of Industry Players including Recent Product Launches and Market Activities

Porter’s Five Force Analysis

Market Segmentation Analysis:

Industry report analyzes the global modified starch market by the following segments:

• Product Type
• Raw Material
• Function
• Form
• Production Method
• End-Use

Customization: We also offers customization’s in the industry report as per the company’s specific needs.

Key Questions Answered in the Global Modified starch Industry Report

• What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2032?
• Which region would have high demand for product in the upcoming years?
• What are the factors driving the growth of the market?
• Which sub-market will make the most significant contribution to the market?
• What are the market opportunities for existing and entry-level players?
• What are various long-term and short-term strategies adopted by the market players?