The modified starch market finds applications across various industries, including food and beverages for texture enhancement and thickening, paper manufacturing for improved paper quality, and pharmaceuticals for controlled drug release. Innovations in modified starch involve producing clean-label options for the food industry and developing biodegradable alternatives in packaging materials. These innovations cater to the demand for sustainable and functional ingredients in various applications, driving market growth.
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Data Bridge Market Research analyses that the Nigeria Modified Starch Market was valued at USD 49.23 million in 2021 and is expected to reach the value of USD 76.13 million by 2029, at a CAGR of 5.6% during the forecast period of 2022-2029. Innovations in biodegradable packaging leverage modified starch for its environmentally friendly attributes. Modified starch provides a sustainable and compostable alternative in packaging materials, addressing the growing concern for reducing plastic waste and promoting ecological responsibility.
Key Findings of the Study
Clean label trends are expected to drive the market's growth rate
Consumer demand for clean-label and natural products has driven the adoption of modified starches in the food industry. Modified starch is a natural and functional ingredient, meeting consumers' expectations for healthier and transparent food choices. It enhances texture, stability, and other attributes while aligning with clean-label trends. This shift towards natural ingredients is a response to health-conscious consumers and a reflection of the industry's commitment to offering more wholesome and minimally processed food options.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Raw Material (Corn, Cassava, Potato, Rice, Wheat, Sorghum, Barley and Oats, Others), Form (Dry, Liquid), Function (Thickeners, Binders, Stabilizers, Emulsifiers, Others), Modification Type (Enzymatically Modification, Physical Modification), Application (Papermaking, Food and Beverages, Weaving And Textiles, Medicines and Pharmaceuticals, Fine Chemicals, Construction Materials, Cosmetics, Oil Drilling And Extraction, Animal Feed, Others)
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Market Players Covered
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Cargill, Incorporated (U.S.), ADM (U.S.), Nsmfoodlimited (Nigeria), DSM (Netherlands), Kerry Group plc (Ireland), Ingredion (U.S.), Tate and Lyle (U.S), Matna foods LTD (Nigeria)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Nigeria modified starch market is segmented on the basis of raw material, form, function, modification type, and application.
- On the basis of raw material, the Nigeria modified starch market is segmented into corn, cassava, potato, rice, wheat, sorghum, barley and oats, and others.
- On the basis of form, the Nigeria modified starch market is segmented into dry, and liquid.
- On the basis of function, the Nigeria modified starch market is segmented into thickeners, binders, stabilizers, emulsifiers, and others.
- On the basis of modification type, the Nigeria modified starch market is segmented into enzymatically modification, and physical modification.
- On the basis of application, the Nigeria modified starch market is segmented into papermaking, food and beverages, weaving and textiles, medicines and pharmaceuticals, fine chemicals, construction materials, cosmetics, oil drilling and extraction, animal feed, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the Nigeria modified starch market players in Nigeria modified starch market are Cargill, Incorporated (U.S.), ADM (U.S.), Nsmfoodlimited (Nigeria), DSM (Netherlands), Kerry Group plc (Ireland).
Market Developments
- In October 2022, Roquette, a leading ingredients supplier, unveiled an innovative product: organic pea protein starch, designed as a sustainable alternative to meat and dairy. This new organic pea starch was introduced to cater to the European Union and US markets, meeting the growing demand for plant-based food options and addressing the need for organic and environmentally friendly ingredients in the food industry.
- In March 2022, Ingredion introduced two clean-label rice starches that offer a smooth, creamy texture while being hypoallergenic and easily digestible. These native rice starches were developed to enhance the color and flavor release, ensuring natural appeal, even in white products. Additionally, these starches reduce the company's environmental footprint and enhance supply chain resilience, aligning with the increasing demand for sustainable and clean-label ingredients in the food industry.
- In April 2021, EmslandGroup introduced Emwaxy Spray 200, catering to the surging demand for clean-label ingredients in the food industry. This product is a clean-label low dextrose equivalent (DE) starch derivative derived from high amylopectin potato starch. It aligns perfectly with the growing need for natural and transparent food ingredients, allowing food manufacturers to meet consumer preferences for cleaner labels while maintaining product quality and functionality.
For more detailed information about the Nigeria modified starch market report, click here – https://www.databridgemarketresearch.com/reports/nigeria-modified-starch-market
