Modified Starch has a wide range of applications and features that make it a versatile ingredient in various industries. It is used in the food industry as a thickening, stabilizing, and texturizing agent, enhancing the texture and consistency of products. In the paper industry, modified starch improves paper strength and printability. It also finds applications in textiles, pharmaceuticals, and cosmetics. The features of modified starch include improved solubility, heat resistance, and stability under different processing conditions. Its versatility and functional properties make it valuable in numerous industries.
According to Data Bridge Market Research, the global modified starch market is expected to grow with a CAGR of 5.4% in the forecast period of 2022 to 2029.
“Increased consumption of processed food and convenience food boosts the market’s growth”
The increased consumption of processed food and convenience food drives the growth of the modified starch market. Modified starches are widely used in the food industry to enhance texture, stability, and shelf life of various food products. With the rising demand for processed and convenience foods, manufacturers are incorporating modified starches to improve product quality and meet consumer preferences. These starches offer functional properties such as thickening, stabilizing, and binding, making them essential ingredients in various food applications. This growing demand for modified starches fuels the market's growth.
What restraints the growth of the global modified starch market?
“Volatility in raw material prices restraints the market’s growth”
The volatility in raw material prices can restrain the growth of the modified starch market. Modified starch production relies on various agricultural commodities such as corn, wheat, and tapioca. Fluctuations in the prices of these raw materials can impact the cost of production, affecting profit margins and pricing of modified starch products. The uncertainty in raw material prices poses challenges for manufacturers, hindering investment and expansion. The market's growth potential may be limited as the industry grapples with the effects of volatile raw material prices.
Segmentation: Global Modified Starch Market
The global modified starch market is segmented on the basis of raw material, type, form, application, function, and modification type.
- On the basis of raw material, the modified starch market has been segmented into corn, potato, cassava, wheat, and others.
- On the basis of type, the modified starch market has been segmented into etherified starch, cationic starch, resistant starch, pre-gelatinized and esterified starch.
- On the basis of form, the modified starch market has been segmented into dry and liquid.
- On the basis of application, the modified starch market has been segmented into food and beverages,animal feed and industrial.
- On the basis of function, the modified starch market has been segmented into thickeners, stabilizers, binders, emulsifier and others.
- On the basis of modification type, the modified starch market has been segmented into physical modification, chemical modification, and resistant starch.
Regional Insights: North America dominates the Global Modified Starch Market
North America dominates the modified starch market due to continuous innovation and the development of new products. Manufacturers are investing in research and development to introduce novel modified starch variants with improved functionalities and applications, catering to the evolving needs of the food industry. These innovations expand market opportunities and drive growth in the modified starch market.
Asia-Pacific, however, is supposed to show lucrative growth and is anticipated to register a healthy CAGR due to the increasing scope for industrial applications and rapid technological advancements. Industries recognize the benefits of modified starch in various sectors, such as food, paper, textiles, and pharmaceuticals, leading to a growing demand within the region.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-modified-starch-market
The Prominent Key Players Operating in the Global Modified Starch Market Include:
- Avebe U. A. (Netherlands)
- Grain Processing Corporation (U.S.)
- Emsland-Stärke GmbH (Germany)
- Sms Corporation Co. Ltd (Thailand)
- Global Bio-Chem Technology Group Company Limited (Hong Kong)
- SPAC STARCH PRODUCTS (INDIA) LTD. (India)
- Qingdao Cbh Co., Ltd. (China)
- Beneo-Remy N.V. (Belgium)
- China Essence Group Ltd (China)
- Samyang Genex Corp (South Korea)
- Ulrick & Short Ltd. (U.K.)
- Roquette Frères (France)
- Siam Modified Starch Co. Ltd. (Thailand)
- Pt Budi Acid Jaya Tbk (Indonesia)
Above are the key players covered in the report, to know about more and exhaustive list of global modified starch market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Modified Starch Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
