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Modified Starch Market - North America Acquires a Majority Share in the Global Market
The global market for modified starch is estimated to grow at a rate of 4.1% from 2013 to 2018. North America acquires a majority share in the global modified starch market. The region is rich in corn and uses it for extraction of starch and the extracted starch is modified and is then used in various foods, non-food, and feed applications. Asia-Pacific is expected to experience high growth with increasing application of tapioca starch in the region.
Considering the sources for modified starch, corn is expected to acquire a major market share, with tapioca experiencing the highest growth rate. This is because of the various research & development programs and advancements taking place in the tapioca industry in Asia-Pacific, especially in Southeast Asia.
The modified starch industry is fragmented with large number of players capturing a small ratio of the overall market. The market is acquired by few large and many small and medium-scale players. However, the major players identified in the modified starch industry are Cargill (U.S.), ADM (U.S.), Ingredion (U.S.), Penford (U.S.), Tate & Lyle (U.K.), and Roquette (France).
Modified Starch: Market Share, 2012
Source: Industry Journals, Company Presentation, and MarketsandMarkets Analysis
Cargill Inc. is identified as a major player among all the modified starch manufacturers. The wide product portfolio of the company and its tendency to serve major application market makes it an important player in the modified starch industry.
Modified Starch Market by Raw Material (Corn, Tapioca, Potato, Wheat, and Others), by Application (Food, Feed, and Non-Food) - Global Trends & Forecasts to 2018
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