Modified Starch Market

Modified Starch Market Report till 2027: by Raw Material (Corn, Cassava, Potato, Wheat), End-User (Food & Beverages, Feed, and Industrial), Form (Dry and Liquid), and Region (North America, Europe, APAC, South America, Rest of the World)

Report Code: FB 3548 Mar, 2022, by marketsandmarkets.com

The global modified starch market is projected to reach USD 15.9 billion by 2027, recording a CAGR of 3.1% during the forecast period. It is estimated to be valued at USD 13.7 billion in 2022. Owing to the excellent characteristics of modified starch such as bulk water absorption, emulsification, and thickening properties open ups the wide range of applications not only in food & beverage industry but also in industrial applications including textile and paper industry. Modified starch enables the modification of basic properties of native starch and obtaining certain functional properties suitable to a wider range of industrial applications. Modified starch has a variety of functions; it is used as a thickener, texture agent, fat replacer, and emulsifier. The advanced technology used for processing these starches develops a variety of ingredients that can be customized to meet most formulating challenges.

Modified Starch Market

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Impact of Covid-19 on Modified Starch Market

COVID-19 have both the positive and the negative impacts on the overall modified starch market. The sales of processed and packaged foods have increased as consumers rush to stock their pantries. It is expected that the COVID-19 pandemic will increase the consumption of processed foods and other shelf-stable foods that have a longer shelf-life. Furthermore, with the shutdown of various foodservice outlets and restaurants across the globe due to nationwide lockdown, consumers are compelled to cook at home. Hence, consumers stockpile food products that can be easily cooked and opt for ready-to-eat foods with longer shelf life. Owing to this, it is expected to have a positive impact on the processed and packaged food industry.

Industries such as paper, textiles, and cosmetics are expected to impact the modified starch market. The volume consumption of starch and its other derivatives is expected to decline, owing to a reduction in the demand for paper and packaging. Furthermore, the closure of school offices and a decline in various economic activities are also expected to have a significant impact on the overall consumption of various industrial applications.

Report Scope

Report Metric

Details

Market Size Forecast 2027

USD 15.9 BN

Market Size at 2022

USD 13.7 BN

Estimated CAGR

3.1 %

Recent Update Date

NOV 2022

Market/Geography Specific Customization

Available on Demand

Currency and Unit

USD

Research Duration Considered

2022-2027

Historical Base Year

2021

Key Market Dynamics

4 Types

Segmentation

  • Function
  • Modification Type
  • Raw Material
  • Form
  • Region

Growing Market Geographies

  • North America
  • Europe
  • Asia Pacific
  • South America
  • RoW

Dominant Geography

Asia Pacific

Government Agencies & Departments

  • US Department of Agriculture
  • National Center for Biotechnology Information
  • US Farm Production and Conservation (FPAC) Business Center
  • US Food Safety and Inspection Service (FSIS)
  • US Agricultural Marketing Service (AMS)
  • US Food and Nutrition Service (FNS)
  • US National Agricultural Statistics Service (NASS)
  • US National Institute of Food and Agriculture (NIFA)
  • US Agricultural Research Service (ARS)

Regulatory Body

  • US Food & Drugs Administration

Leading Manufacturers In Modified Starch Market

  • Archer Daniel Midlands Company (US)
  • CARGILL (US)
  • Ingredion Incorporated (US)
  • Tate & Lyle (UK)
  • Avebe U.A. (The Netherlands)
  • Royal Ingredients Group (The Netherlands)
  • Roquette Frθres (France)
  • Emsland (Germany)
  • Grain Processing Corporation (US)
  • AGRANA (Austria)
  • SMS Corporation (Thailand)
  • Global Bio-Chem Technology Group Company Limited (Hong-Kong)
  • SPAC Starch Products (India) Ltd. (India)
  • Qindao CBH Co., Ltd. (China)
  • Tereos (France)
  • KMC (Denmark)

Market Dynamics

Drivers: Growth in demand for adhesives in a range of industrial applications

Modified starch specifically provides maximum adhesive performance and superior strength at a low cost for a wide range of applications. It can be used in a variety of viscosities to meet the needs of diverse applications and end-use requirements. Modified starch is one of the major raw materials used in the paper industry. Modified starch is used as a starch paste adhesive in laminating paper-to-paper and poly-to-paper. A single sheet of paper contains as high as 8% of modified or unmodified starch. The industry uses modified starch in both dry strength and wet end sizing. It acts as a water retention agent, which also binds the pulp and improves the surface of the paper.

Increasing land pollution and disease in animals caused due to the ingestion of plastic bags has driven people to encourage the use of more paper bags. With the increasing usage of paper bags, the paper industry is expected to experience growth due to the increase in the frequency of recyclability of paper. This forms a major driver for the modified starch market.

Restraints: High demand for gum Arabic

The application of starch derivatives is growing in the food & beverages sector. The global beverages sector is witnessing growth as an application of modified starches. However, the growth and preference of gum Arabic over modified starch act as a restraint for the growth of this market. Studies have shown that beverages stabilized with sources of gum Arabic attain better stability than those with modified starches. Apart from beverages, gum Arabic is also rising as a threat to modified starches in confectionery, where it is utilized to prevent sugar crystallization.

Opportunities: Untapped application of modified starch

Modified starch can also act as an excellent fermentation base for the bulk production of a wide variety of biotechnological products, such as organic acids, antibiotics, vitamins, and hormones. As a sole carbon source, providing energy for maintaining biological functions, starch-derived carbohydrates have a very high commercial value. Starch-derived glucose can be fermented to produce lactic acid, which may be polymerized for biodegradable films or bioplastics. Similarly, potato starch wastes may also be used as feedstock in fermentation reactions. Several polymers can be prepared using a variety of starch-based feedstock.

Hence, these untapped applications of starch need to be addressed. Expanding the commodity sources for extracting starch and combining modification processes adds a wider range of probable application fields to the existing exhaustive list. The technological potential and industrial utility of starch increase significantly by suitable modification.

Challenges: Rise in cost of raw material

The raw materials for modified starch mainly include feedstock. Natural sources such as corn, wheat, tapioca, and rice are also used as raw materials for manufacturing modified starch and its derivatives. These raw materials are widely used for the production of modified starch used in bio-ethanol products. Increasing consumption of modified starch in segments such as food & beverages, feed, pharmaceuticals, cosmetics, and paper leads to higher demand for this starch, thereby resulting in rising in the prices of raw materials.

The high cost of raw materials majorly comes from the high transportation cost of raw materials to different industrial facilities in different parts of the world. The rising prices of fuel have become a major concern in the present scenario affecting the economy adversely. Such instances directly affect the prices of raw materials in the industry, thus showing fluctuations in the pricing analysis. Hence, the rising cost of raw materials poses a challenge to the modified starch market globally.

Cassava is the fastest growing raw material segment in the global modified starch market

Cassava is one of the world’s major starch crops. It has a long tuberous starchy root that finds its place as an essential ingredient in many Latin American and Caribbean cuisines. Cassava is a widely grown tuber in most African and Asian countries, and it is also the most economical source of starch at a global level. It was, hence, prudent that in the wake of the forecasted shortage of corn and wheat as sources of starch, cassava (tapioca) starch would gain attention. Tapioca is the starch extracted from the storage roots of the cassava plant. The similarity of the functional properties of tapioca and corn starch has added to its advantages.

Modified tapioca starch is extensively used in a range of applications such as food & beverages, paper, mosquito coils, textiles, chemicals, constructions, adhesives, and pharmaceuticals. It also has a bland taste and is thus an ideal ingredient for food and feed applications. As Asia is the center for the production and consumption trends for the global modified starch market, cassava starch in Asia is estimated to be the key driver in the future, with a prime focus on convenience foods in China and India.

Industrial application was the second largest segment in the modified starch market and anticipated to witness decent growth rate over the forecast period

Starch finds a wide range of commercial and industrial applications. Modified starch products find applications in the paper & paper cone industry, glue & adhesive industry, sand binding manufacturing, pharmaceuticals & cosmetics, detergent manufacturing, and several other related industries. The construction industry requires special acid-modified starches to work as protective colloids to increase the strength of wallboards. Starch blends may be used as adhesives for the edges of wallboards. The range of industrial applications for modified starch is gradually increasing globally. Asian countries with rising income levels and industrialization are increasingly using modified starches for these non-food applications, in addition to the existing food applications.

Liquid modified starch is the second fastest growing form in the global modified starch market

Modified starch in the liquid form is estimated to account for a very low market share in the global modified starch market. It is not preferred by many industrial manufacturers because of the challenges associated with it. The liquid form of modified starch is much more difficult to transport. The process requires much more effort in terms of the requirement of specialized equipment. It also demands a proper specialized transportation system in place to transport liquid modified starch. The loading and unloading part of the whole process of transporting them is also very complex and requires much more attention and carefulness. Therefore, liquid modified starches are not preferred in any industry and used only when exclusively required.

Asia Pacific is the largest and fastest growing region in the modified starch market and anticipated to maintain its dominance over the forecast period

The modified starch market in the Asia Pacific region is the largest. The market is estimated to grow at a significant growth rate, owing to the rising demand in large economies, such as China, India, Japan, and other Southeast Asian countries. The industrial organization and technology of starch processing are changing rapidly in the region. Unlike other regions where starch is processed almost entirely by large companies, in Asia Pacific, starch processing is done by small and medium-sized firms. Historically, native starch has been largely used for food products in the region. The industrial applications and technologies involved in starch processing are changing rapidly in the Asia Pacific countries. Modified starch is increasingly being demanded by many industries in the region. Various industries are incorporating modified starches in their manufacturing processes and products.

Modified Starch Market by Region

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Key Market Players

The key players in this market include ADM (US), Cargill (US), Ingredion (US), Tate & Lyle (UK), Roquette Frθres (France), Avebe U.A (Netherlands), Grain Processing Corporation (US), Emsland (Germany), AGRANA (Austria), SMS Corporation (Thailand), Global Bio-Chem Technology Group (Hong Kong), SPAC Starch (India), Qindao CBH Company (China), Tereos (France), and KMC (Denmark).

Target Audience:

  • Modified starch raw material suppliers
  • Modified starch manufacturers
  • Intermediate suppliers, such as traders and distributors of modified starch
  • Manufacturers of food & beverages, feed, industrial, pharmaceuticals, and cosmetics
  • Government and research organizations
  • Associations, regulatory bodies, and other industry-related bodies:
    • Starch Europe
    • World Health Organization (WHO)
    • Food Industry Association of Austria (FIAA)
    • International Federation of Starch Associations (IFSA)
    • NISAD Starch Industrialists Association
    • United States Department of Agriculture (USDA)
    • Association of Enterprises of Deep Processing of Grains

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Scope of the Report

This research report categorizes the modified starch market, based on function, modification type, raw material, form, application and region

Modified Starch Market:

By Raw Material
  • Potato
  • Corn
  • Cassava
  • Wheat
  • Other Raw Materials (Rice Bran, Waxy Maize etc.)
By Application
  • Food & Beverages
    • Bakery & Confectionery
    • Beverages
    • Processed Food
    • Other Food & Beverages Applications*(Desserts, Sauces, Dressings etc.)
  • Feed
    • Ruminant Feed
    • Swine Feed
    • Poultry Feed
    • Other Feed Applications (Cattle Feed etc.)
  • Industrial
    • Paper Making
    • Weaving & Textiles
    • Medicines & Pharmaceuticals
    • Cosmetics
    • Other Industrial Applications**((Personal Care, Hygiene etc.)
By Form
  • Dry
  • Liquid
By Modification Type
  • Physical Modification
    • Hydrothermal
    • Non-Hydrothermal
  • Chemical Modification
    • Cationic Starch
    • Etherified Starch
    • Esterified Starch
  • Enzymatic Modification
By Function
  • Stabilizers
  • Emulsifiers
  • Binders
  • Other Functions
By Region:
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of the World (RoW)

Recent Developments

  • In April 2021, Ingredion Incorporated acquired KaTech (Germany). The acquisition helped the company expand its Food Systems platform with a comprehensive suite of innovative solutions that assist food and beverage manufacturers with product formulation, ingredient functionality and technical assistance
  • In September 2020, Cargill invested USD 100 million in its sweetener plant, PT. Sorini Agro Asia Corporindo, in Pandaan, to build a wet corn mill and add a starch dryer to better serve the growing customer demand for corn-based starches, sweeteners and animal feed ingredients.
  • In March 2020, Tate & Lyle launched its new line of clean-label starches for freeze-thaw stability. The new range of products was named CLARIA EVERLAST. The new clean-label starches would provide superior shelf stability. They included cook-ups and instant starches made from corn and tapioca starch.
  • In May 2020, Archer Daniels Midland Company (ADM) and Marfrig established a joint venture to create PlantPlus Foods, a joint venture for the sale of plant-based food products, including the food-grade starches across South American and North American markets.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 20)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           FIGURE 1 MARKET SEGMENTATION
    1.4 REGIONS COVERED
    1.5 PERIODIZATION CONSIDERED
    1.6 CURRENCY CONSIDERED
           TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2021
    1.7 VOLUME UNIT CONSIDERED
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 26)
    2.1 RESEARCH DATA
           FIGURE 2 MODIFIED STARCH MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
                               FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY VALUE CHAIN, DESIGNATION, AND REGION
    2.2 FACTOR ANALYSIS
           2.2.1 INTRODUCTION
           2.2.2 DEMAND-SIDE ANALYSIS
                    FIGURE 4 KEY ECONOMIES BASED ON GDP, 2013–2018 (USD TRILLION)
           2.2.3 SUPPLY-SIDE ANALYSIS
           2.2.4 MARKET SIZE ESTIMATION
           2.2.5 APPROACH ONE (BASED ON RAW MATERIAL, BY REGION)
           2.2.6 APPROACH TWO (BASED ON THE GLOBAL MARKET)
    2.3 DATA TRIANGULATION
           FIGURE 5 DATA TRIANGULATION METHODOLOGY
    2.4 ASSUMPTIONS FOR THE STUDY
    2.5 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 38)
    FIGURE 6 IMPACT OF COVID-19 ON THE GLOBAL MARKET SIZE, BY SCENARIO, 2022 VS. 2021 (USD MILLION)
    FIGURE 7 MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2022 VS. 2027 (USD MILLION)
    FIGURE 8 MARKET SIZE, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
    FIGURE 9 MARKET SIZE, BY FORM, 2022 VS. 2027 (USD MILLION)
    FIGURE 10 MARKET SHARE (VALUE), BY REGION, 2022

4 PREMIUM INSIGHTS (Page No. - 43)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL MARKET
           FIGURE 11 RISE IN DEMAND FOR MODIFIED STARCH DUE TO CONSUMER DEMAND FOR CONVENIENT FOOD PACKAGING GLOBALLY
    4.2 ASIA PACIFIC: MODIFIED STARCH MARKET, BY RAW MATERIAL & COUNTRY
           FIGURE 12 MODIFIED CORN STARCH AND CHINA TO ACCOUNT FOR THE LARGEST RESPECTIVE MARKET SHARES IN THE ASIA PACIFIC MARKET IN 2022
    4.3 MODIFIED STARCH MARKET, BY RAW MATERIAL
           FIGURE 13 CORN-BASED MODIFIED STARCH TO DOMINATE THE MARKET DURING THE FORECAST PERIOD
    4.4 MODIFIED STARCH MARKET, BY RAW MATERIAL & REGION
           FIGURE 14 ASIA PACIFIC TO DOMINATE ACROSS RAW MATERIAL MARKETS DURING THE FORECAST PERIOD
    4.5 MODIFIED STARCH MARKET, BY APPLICATION
           FIGURE 15 FOOD & BEVERAGE APPLICATIONS TO DOMINATE THE MARKET DURING THE FORECAST PERIOD
    4.6 MODIFIED STARCH MARKET, BY FORM
           FIGURE 16 DRY MODIFIED STARCH TO DOMINATE THE MARKET DURING THE FORECAST PERIOD
           FIGURE 17 COVID-19 IMPACT ON THE GLOBAL MARKET: COMPARISON OF PRE- AND POST-COVID-19 SCENARIOS

5 MARKET OVERVIEW (Page No. - 48)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 18 MODIFIED STARCH MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Rise in demand for convenience and processed food
                               FIGURE 19 CONSUMER PREFERENCE FOR FOOD PROCESSING
                    5.2.1.2 Functional properties of modified starch and their ease of incorporation in a wide range of food applications
                               TABLE 2 RESEARCH CONDUCTED ON THE PHYSICAL MODIFICATION OF STARCH
                    5.2.1.3 Growth in demand for adhesives in a range of industrial applications
           5.2.2 RESTRAINTS
                    5.2.2.1 Limited sources and high cost of natural additives
                               FIGURE 20 US: CASSAVA PRICE TRENDS, 2013–2018 (USD/TONNE)
                    5.2.2.2 Higher demand for gum arabic
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Potential alternative sources of modified starch
                    5.2.3.2 Untapped applications of modified starch
           5.2.4 CHALLENGES
                    5.2.4.1 Approval from the different regulatory bodies
                    5.2.4.2 Rise in cost of raw materials
    5.3 COVID-19 IMPACT ON THE MODIFIED STARCH MARKET

6 INDUSTRY TRENDS (Page No. - 57)
    6.1 INTRODUCTION
    6.2 IMPACT OF REVENUE SHIFT
           FIGURE 21 YC-YCC: IMPACT OF REVENUE SHIFT ON THE MODIFIED STARCH MARKET
    6.3 VALUE CHAIN
           6.3.1 RESEARCH & DEVELOPMENT
           6.3.2 SOURCING OF RAW MATERIALS
           6.3.3 PRODUCTION AND PROCESSING
           6.3.4 DISTRIBUTION, MARKETING, AND SALES
                    FIGURE 22 MODIFIED STARCH MARKET: VALUE CHAIN
    6.4 TECHNOLOGY ANALYSIS
           FIGURE 23 MODIFIED STARCH MARKET: TECHNOLOGY ANALYSIS
           6.4.1 PHYSICAL METHODS
           6.4.2 CHEMICAL METHODS
           6.4.3 ENZYMATIC METHODS
    6.5 PATENT ANALYSIS
           TABLE 3 PATENTS PERTAINING TO MODIFIED STARCH, 2021
    6.6 ECOSYSTEM MAP AND SUPPLY CHAIN
           6.6.1 MODIFIED STARCH: MARKET MAP OF ECOSYSTEM
                    FIGURE 24 MODIFIED STARCH MARKET: SUPPLY CHAIN
                    FIGURE 25 ECOSYSTEM VIEW
    6.7 PORTER’S FIVE FORCES ANALYSIS
           TABLE 4 MODIFIED STARCH MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.7.1 BARGAINING POWER OF SUPPLIERS
           6.7.2 BARGAINING POWER OF BUYERS
           6.7.3 THREAT OF SUBSTITUTES
           6.7.4 THREAT OF NEW ENTRANTS
           6.7.5 INTENSITY OF COMPETITION RIVALRY
    6.8 TRADE ANALYSIS
           6.8.1 CORN STARCH
                    TABLE 5 TOP 10 EXPORTERS AND IMPORTERS OF CORN STARCH, 2019 (KT)
           6.8.2 CASSAVA STARCH
                    TABLE 6 TOP 10 EXPORTERS AND IMPORTERS OF CASSAVA STARCH, 2019 (KT)
           6.8.3 POTATO STARCH
                    TABLE 7 TOP 10 EXPORTERS AND IMPORTERS OF POTATO STARCH, 2019 (KT)
           6.8.4 WHEAT STARCH
                    TABLE 8 TOP 10 EXPORTERS AND IMPORTERS OF WHEAT STARCH, 2019 (KT)
    6.9 CASE STUDIES
           6.9.1 ROQUETTE: BAKERY PRODUCTS WITH MODIFIED STARCH
           6.9.2 INGREDION INCORPORATED: COMPANY USES MODIFIED POTATO STARCH TO MAINTAIN THE PULPY GOODNESS
    6.10 KEY CONFERENCES & EVENTS
           TABLE 9 MODIFIED STARCH MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2022–2023
    6.11 KEY STAKEHOLDERS & BUYING CRITERIA
           6.11.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 26 INFLUENCE OF STAKEHOLDERS IN BUYING MODIFIED STARCH APPLICATIONS
                    TABLE 10 INFLUENCE OF STAKEHOLDERS IN BUYING FOR TOP 3 APPLICATIONS
           6.11.2 BUYING CRITERIA
                    FIGURE 27 KEY BUYING CRITERIA FOR TOP APPLICATIONS
                    TABLE 11 KEY BUYING CRITERIA FOR MODIFIED STARCH APPLICATIONS
    6.12 AVERAGE SELLING PRICES
           6.12.1 AVERAGE SELLING PRICE TREND ANALYSIS
                    FIGURE 28 US: CORN PRICES, 2013–2019 (USD/BUSHELS)
                    TABLE 12 GLOBAL AVERAGE PRICES OF MODIFIED STARCH, BY RAW MATERIAL, 2018 VS. 2019 (USD/TON)
                    FIGURE 29 PRICING TRENDS OF THE POTATO STARCH, 2017–2019 (USD/TON)
                    TABLE 13 AVERAGE PRICES OF MODIFIED STARCH, BY REGION, 2020 VS. 2021 (USD/TON)

7 REGULATORY FRAMEWORK (Page No. - 73)
    7.1 INTRODUCTION
    7.2 MODIFIED STARCH REGULATIONS IN NORTH AMERICA
           7.2.1 US FOOD AND DRUG ADMINISTRATION
    7.3 MODIFIED STARCH REGULATIONS IN EUROPE
    7.4 MODIFIED STARCH REGULATIONS IN THE ASIA PACIFIC

8 MODIFIED STARCH MARKET, BY RAW MATERIAL (Page No. - 77)
    8.1 INTRODUCTION
           TABLE 14 MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
           TABLE 15 MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT)
    8.2 CORN
           8.2.1 EASY PROCESSIBILITY MAKES CORN STARCH HIGHLY PREFERRED
                    TABLE 16 MODIFIED CORN STARCH MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
                    TABLE 17 MODIFIED CORN STARCH MARKET SIZE, BY REGION, 2018–2027 (KT)
    8.3 CASSAVA
           8.3.1 CASSAVA MODIFIED STARCH MARKET DRIVEN BY FUNCTIONAL PROPERTIES
                    TABLE 18 MODIFIED CASSAVA STARCH MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
                    TABLE 19 MODIFIED CASSAVA STARCH MARKET SIZE, BY REGION, 2018–2027 (KT)
    8.4 POTATO
           8.4.1 POTATO STARCH FINDS MAJOR APPLICATION IN THE EUROPEAN MARKET
                    TABLE 20 MODIFIED POTATO STARCH MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
                    TABLE 21 MODIFIED POTATO STARCH MARKET SIZE, BY REGION, 2018–2027 (KT)
    8.5 WHEAT
           8.5.1 WHEAT MODIFIED STARCH GAINS POPULARITY OWING TO ITS THICKENING AND BLENDING PROPERTIES
                    TABLE 22 MODIFIED WHEAT STARCH MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
                    TABLE 23 MODIFIED WHEAT STARCH MARKET SIZE, BY REGION, 2018–2027 (KT)
    8.6 OTHER RAW MATERIALS
           TABLE 24 OTHER RAW MATERIALS MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
           TABLE 25 OTHER RAW MATERIALS MARKET SIZE, BY REGION, 2018–2027 (KT)

9 MODIFIED STARCH MARKET, BY APPLICATION (Page No. - 85)
    9.1 INTRODUCTION
           TABLE 26 MODIFIED STARCH MARKET SIZE, BY APPLICATION, 2018–2027 (USD MILLION)
           FIGURE 30 MARKET SIZE, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
    9.2 COVID-19 IMPACT ON THE MODIFIED STARCH MARKET, BY APPLICATION
           9.2.1 REALISTIC SCENARIO
                    TABLE 27 REALISTIC SCENARIO: MARKET SIZE, BY APPLICATION, 2019–2021 (USD MILLION)
           9.2.2 OPTIMISTIC SCENARIO
                    TABLE 28 OPTIMISTIC SCENARIO: MARKET SIZE, BY APPLICATION, 2019–2021 (USD MILLION)
           9.2.3 PESSIMISTIC SCENARIO
                    TABLE 29 PESSIMISTIC SCENARIO: MARKET SIZE, BY APPLICATION, 2019–2021 (USD MILLION)
    9.3 FOOD & BEVERAGES
           TABLE 30 MARKET SIZE IN FOOD & BEVERAGES, BY REGION, 2018–2027 (USD MILLION)
           TABLE 31 MODIFIED STARCH MARKET SIZE IN FOOD & BEVERAGES, BY SUBAPPLICATION, 2018–2027 (USD MILLION)
           9.3.1 BAKERY & CONFECTIONERY PRODUCTS
                    9.3.1.1 Modified starch improves the texture and quality of bakery products
                               TABLE 32 MODIFIED STARCH MARKET SIZE IN BAKERY & CONFECTIONERY PRODUCTS, BY REGION, 2018–2027 (USD MILLION)
           9.3.2 PROCESSED FOODS
                    9.3.2.1 Modified starch functions as a stabilizer and provides freeze-thaw ability to processed foods
                               TABLE 33 MODIFIED STARCH MARKET SIZE IN PROCESSED FOODS, BY REGION, 2018–2027 (USD MILLION)
           9.3.3 BEVERAGES
                    9.3.3.1 Starches stabilize beverages and provide them with viscosity for desired mouthfeel
                               TABLE 34 MARKET SIZE IN BEVERAGES, BY REGION, 2018–2027 (USD MILLION)
           9.3.4 OTHER FOOD APPLICATIONS
                    TABLE 35 MARKET SIZE IN OTHER FOOD APPLICATIONS, BY REGION, 2018–2027 (USD MILLION)
    9.4 FEED
           TABLE 36 MARKET SIZE IN FEED, BY REGION, 2018–2027 (USD MILLION)
           TABLE 37 MARKET SIZE IN FEED, BY TYPE, 2018–2027 (USD MILLION)
           9.4.1 SWINE FEED
                    9.4.1.1 Starch improves digestibility in swine
           9.4.2 RUMINANT FEED
                    9.4.2.1 Starch provides carbohydrates, helping ruminants gain weight
           9.4.3 POULTRY FEED
                    9.4.3.1 Starch is an important nutrient source in poultry diets
           9.4.4 OTHER FEED APPLICATIONS
    9.5 INDUSTRIAL
           TABLE 38 MODIFIED STARCH MARKET SIZE IN INDUSTRIAL APPLICATIONS, BY REGION, 2018–2027 (USD MILLION)
           TABLE 39 MARKET SIZE IN INDUSTRIAL APPLICATIONS, BY SUBAPPLICATION, 2018–2027 (USD MILLION)
           9.5.1 PAPERMAKING
                    9.5.1.1 Modified starch provides internal strength to paper
                               TABLE 40 MODIFIED STARCH MARKET SIZE IN PAPERMAKING, BY REGION, 2018–2027 (USD MILLION)
           9.5.2 WEAVING & TEXTILES
                    9.5.2.1 Starch improves the appearance of fabric
                               TABLE 41 MODIFIED STARCH MARKET SIZE IN WEAVING & TEXTILES, BY REGION, 2018–2027 (USD MILLION)
           9.5.3 MEDICINES & PHARMACEUTICALS
                    9.5.3.1 Modified starch is important in various pharmaceutical applications
                               TABLE 42 MODIFIED STARCH MARKET SIZE IN MEDICINES & PHARMACEUTICALS, BY REGION, 2018–2027 (USD MILLION)
           9.5.4 COSMETICS
                    9.5.4.1 Modified starch provides smoothness to cosmetics
                               TABLE 43 MODIFIED STARCH MARKET SIZE IN COSMETICS, BY REGION, 2018–2027 (USD MILLION)
           9.5.5 OTHER INDUSTRIAL APPLICATIONS
                    TABLE 44 MODIFIED STARCH MARKET SIZE IN OTHER INDUSTRIAL APPLICATIONS, BY REGION, 2018–2027 (USD MILLION)

10 MODIFIED STARCH MARKET, BY FORM (Page No. - 98)
     10.1 INTRODUCTION
               TABLE 45 MODIFIED STARCH MARKET SIZE, BY FORM, 2018–2027 (USD MILLION)
               FIGURE 31 MARKET SIZE FOR MODIFIED STARCH, BY FORM, 2022 VS. 2027 (USD MILLION)
     10.2 COVID-19 IMPACT ON THE MODIFIED STARCH MARKET, BY FORM
             10.2.1 REALISTIC SCENARIO
                       TABLE 46 REALISTIC SCENARIO: MARKET SIZE FOR MODIFIED STARCH, BY FORM, 2019–2021 (USD MILLION)
             10.2.2 OPTIMISTIC SCENARIO
                       TABLE 47 OPTIMISTIC SCENARIO: MARKET SIZE, BY FORM, 2019–2021 (USD MILLION)
             10.2.3 PESSIMISTIC SCENARIO
                       TABLE 48 PESSIMISTIC SCENARIO: MARKET SIZE, BY FORM, 2019–2021 (USD MILLION)
     10.3 DRY
             10.3.1 DRY FORM OF MODIFIED STARCH IS CONVENIENT TO USE
                       TABLE 49 DRY MODIFIED STARCH MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
     10.4 LIQUID
             10.4.1 LIQUID FORM OF MODIFIED STARCH REQUIRES MORE CARE
                       TABLE 50 LIQUID MODIFIED STARCH MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)

11 MODIFIED STARCH MARKET, BY FUNCTION (Page No. - 103)
     11.1 INTRODUCTION
     11.2 THICKENERS
     11.3 STABILIZERS
     11.4 BINDERS
     11.5 EMULSIFIERS
     11.6 OTHER FUNCTIONS

12 MODIFIED STARCH MARKET, BY MODIFICATION TYPE (Page No. - 106)
     12.1 INTRODUCTION
     12.2 PHYSICAL MODIFICATION
               TABLE 51 RESEARCH ON THE PHYSICAL MODIFICATION OF STARCH
             12.2.1 HYDROTHERMAL
             12.2.2 NON-HYDROTHERMAL
     12.3 CHEMICAL MODIFICATION
               TABLE 52 CHEMICAL MODIFICATION OF STARCH
             12.3.1 CATIONIC STARCH
             12.3.2 ETHERIFIED STARCH
                       TABLE 53 ETHERIFIED STARCH IN FOOD APPLICATIONS
             12.3.3 ESTERIFIED STARCH
     12.4 ENZYMATIC MODIFICATION

13 MODIFIED STARCH MARKET, BY REGION (Page No. - 113)
     13.1 INTRODUCTION
               FIGURE 32 REGIONAL SNAPSHOT: NEW HOTSPOTS TO EMERGE IN ASIA PACIFIC, 2022–2027
               TABLE 54 MODIFIED STARCH MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
               TABLE 55 MARKET SIZE, BY REGION, 2018–2027 (KT)
     13.2 COVID-19 IMPACT ON THE GLOBAL MARKET, BY REGION
             13.2.1 OPTIMISTIC SCENARIO
                       TABLE 56 OPTIMISTIC SCENARIO: MARKET SIZE, BY REGION, 2019–2021 (USD MILLION)
             13.2.2 REALISTIC SCENARIO
                       TABLE 57 REALISTIC SCENARIO: MARKET SIZE, BY REGION, 2019–2021 (USD MILLION)
             13.2.3 PESSIMISTIC SCENARIO
                       TABLE 58 PESSIMISTIC SCENARIO: MARKET SIZE, BY REGION, 2019–2021 (USD MILLION)
     13.3 NORTH AMERICA
               TABLE 59 NORTH AMERICA: MODIFIED STARCH MARKET SIZE, BY COUNTRY, 2018–2027 (USD MILLION)
               TABLE 60 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2018–2027 (KT)
               TABLE 61 NORTH AMERICA: MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
               TABLE 62 NORTH AMERICA: MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT)
               TABLE 63 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2018–2027 (USD MILLION)
               TABLE 64 NORTH AMERICA: MARKET SIZE, BY FORM, 2018–2027 (USD MILLION)
             13.3.1 US
                       13.3.1.1 Corn is an important raw material for modified starch in the US
                                   TABLE 65 US: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
             13.3.2 CANADA
                       13.3.2.1 Canadian government agencies work to incorporate modified starch in various industrial applications
                                   TABLE 66 CANADA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
             13.3.3 MEXICO
                       13.3.3.1 Growth of the paper & packaging industry demands modified starch
                                   TABLE 67 MEXICO: MARKET SIZE FOR MODIFIED STARCH, BY RAW MATERIAL, 2018–2027 (USD MILLION)
     13.4 EUROPE
               TABLE 68 EUROPE: MODIFIED STARCH MARKET SIZE, BY COUNTRY, 2018–2027 (USD MILLION)
               TABLE 69 EUROPE: MARKET SIZE, BY COUNTRY, 2018–2027 (KT)
               TABLE 70 EUROPE: MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
               TABLE 71 EUROPE: MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT)
               TABLE 72 EUROPE: MARKET SIZE, BY APPLICATION, 2018–2027 (USD MILLION)
               TABLE 73 EUROPE: MARKET SIZE, BY FORM, 2018–2027 (USD MILLION)
             13.4.1 GERMANY
                       13.4.1.1 Increase in consumption of convenience food drives demand in Germany
                                   TABLE 74 GERMANY: MARKET SIZE FOR MODIFIED STARCH, BY RAW MATERIAL, 2018–2027 (USD MILLION)
             13.4.2 FRANCE
                       13.4.2.1 High consumption of dairy products fuels the demand for modified starch in France
                                   TABLE 75 FRANCE: MARKET SIZE FOR MODIFIED STARCH, BY RAW MATERIAL, 2018–2027 (USD MILLION)
             13.4.3 UK
                       13.4.3.1 Growth of the feed industry contributes to the market in the UK
                                   TABLE 76 UK: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
             13.4.4 SPAIN
                       13.4.4.1 Developed food processing industry propels growth in Spain
                                   TABLE 77 SPAIN: MARKET SIZE FOR MODIFIED STARCH, BY RAW MATERIAL, 2018–2027 (USD MILLION)
             13.4.5 ITALY
                       13.4.5.1 Widespread baker & confectionery industry in Italy to drive demand
                                   TABLE 78 ITALY: MARKET SIZE FOR MODIFIED STARCH, BY RAW MATERIAL, 2018–2027 (USD MILLION)
             13.4.6 REST OF EUROPE
                       TABLE 79 REST OF EUROPE: MARKET SIZE FOR MODIFIED STARCH, BY RAW MATERIAL, 2018–2027 (USD MILLION)
     13.5 ASIA PACIFIC
               TABLE 80 ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY COUNTRY, 2018–2027 (USD MILLION)
               TABLE 81 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2018–2027 (KT)
               TABLE 82 ASIA PACIFIC: MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
               TABLE 83 ASIA PACIFIC: MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT)
               TABLE 84 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2018–2027 (USD MILLION)
               TABLE 85 ASIA PACIFIC: MARKET SIZE, BY FORM, 2018–2027 (USD MILLION)
             13.5.1 CHINA
                       13.5.1.1 China dominates in Asia Pacific due to significant changes in lifestyle
                                   TABLE 86 CHINA: MARKET SIZE FOR MODIFIED STARCH, BY RAW MATERIAL, 2018–2027 (USD MILLION)
             13.5.2 JAPAN
                       13.5.2.1 Rise in the processed food industry in Japan drives the global market
                                   TABLE 87 JAPAN: MARKET SIZE FOR MODIFIED STARCH, BY RAW MATERIAL, 2018–2027 (USD MILLION)
             13.5.3 INDIA
                       13.5.3.1 The modified starch market is highly fragmented in India
                                   TABLE 88 INDIA: MARKET SIZE FOR MODIFIED STARCH, BY RAW MATERIAL, 2018–2027 (USD MILLION)
             13.5.4 SOUTH KOREA
                       13.5.4.1 Growth in demand for packaged food drives demand for modified starch in South Korea
                                   TABLE 89 SOUTH KOREA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
             13.5.5 THAILAND
                       13.5.5.1 Abundance of cassava as a raw material drives the Thai market
                                   TABLE 90 THAILAND: MARKET SIZE FOR MODIFIED STARCH, BY RAW MATERIAL, 2018–2027 (USD MILLION)
             13.5.6 REST OF ASIA PACIFIC
                       TABLE 91 REST OF ASIA PACIFIC: MARKET SIZE FOR MODIFIED STARCH, BY RAW MATERIAL, 2018–2027 (USD MILLION)
     13.6 SOUTH AMERICA
               TABLE 92 SOUTH AMERICA: MODIFIED STARCH MARKET SIZE, BY COUNTRY, 2018–2027 (USD MILLION)
               TABLE 93 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2018–2027 (KT)
               TABLE 94 SOUTH AMERICA: MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
               TABLE 95 SOUTH AMERICA MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT)
               TABLE 96 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 2018–2027 (USD MILLION)
               TABLE 97 SOUTH AMERICA: MARKET SIZE, BY FORM, 2018–2027 (USD MILLION)
             13.6.1 BRAZIL
                       13.6.1.1 High meat consumption in Brazil to drive the market
                                   TABLE 98 BRAZIL: MARKET SIZE FOR MODIFIED STARCH, BY RAW MATERIAL, 2018–2027 (USD MILLION)
             13.6.2 ARGENTINA
                       13.6.2.1 Growing feed industry to increase the demand for modified starch in Argentina
                                   TABLE 99 ARGENTINA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
             13.6.3 REST OF SOUTH AMERICA
                       TABLE 100 REST OF SOUTH AMERICA: MARKET SIZE FOR MODIFIED STARCH, BY RAW MATERIAL, 2018–2027 (USD MILLION)
     13.7 REST OF THE WORLD (ROW)
               TABLE 101 ROW: MARKET SIZE FOR MODIFIED STARCH, BY REGION, 2018–2027 (USD MILLION)
               TABLE 102 ROW: MARKET SIZE, BY REGION, 2018–2027 (KT)
               TABLE 103 ROW: MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
               TABLE 104 ROW: MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT)
               TABLE 105 ROW: MARKET SIZE, BY APPLICATION, 2018–2027 (USD MILLION)
               TABLE 106 ROW: MARKET SIZE, BY FORM, 2018–2027 (USD MILLION)
             13.7.1 AFRICA
                       13.7.1.1 Increased demand for food processing ingredients drives market in the region
                                   TABLE 107 AFRICA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
             13.7.2 MIDDLE EAST
                       13.7.2.1 Consumers are witnessing an increased demand for clean-label food products in the Middle East
                                   TABLE 108 MIDDLE EAST: MARKET SIZE FOR MODIFIED STARCH, BY RAW MATERIAL, 2018–2027 (USD MILLION)

14 COMPETITIVE LANDSCAPE (Page No. - 144)
     14.1 OVERVIEW
     14.2 KEY PLAYER STRATEGIES
               TABLE 109 KEY PLAYER STRATEGIES
     14.3 MARKET SHARE ANALYSIS
               FIGURE 33 MARKET SHARE ANALYSIS, 2020
     14.4 REVENUE ANALYSIS OF MAJOR MARKET PLAYERS
               FIGURE 34 REVENUE ANALYSIS OF MAJOR MARKET PLAYERS, 2018–2020 (USD BILLION)
     14.5 COMPETITIVE SCENARIO & TRENDS
             14.5.1 NEW PRODUCT LAUNCHES
                       TABLE 110 NEW PRODUCT LAUNCHES, 2018–2020
             14.5.2 DEALS
                       TABLE 111 DEALS, 2018–2020
             14.5.3 OTHERS
                                   TABLE 112 OTHERS, 2018–2020
     14.6 COMPANY EVALUATION QUADRANT
             14.6.1 STARS
             14.6.2 EMERGING LEADERS
             14.6.3 PERVASIVE PLAYERS
             14.6.4 EMERGING COMPANIES
             14.6.5 COMPETITIVE BENCHMARKING
                       TABLE 113 LIST OF KEY STARTUPS
                       TABLE 114 MODIFIED STARCH MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS
             14.6.6 COMPANY EVALUATION MATRIX, 2020 (OVERALL MARKET)
                       FIGURE 35 MODIFIED STARCH MARKET COMPANY EVALUATION MATRIX, 2020 (OVERALL MARKET)
             14.6.7 MARKET EVALUATION FRAMEWORK
                       FIGURE 36 MARKET EVALUATION FRAMEWORK, 2018–2021

15 COMPANY PROFILES (Page No. - 155)
(Business overview, Products offered, Recent Developments, MNM view)*
     15.1 ARCHER DANIELS MIDLAND COMPANY
               TABLE 115 ARCHER DANIELS MIDLAND COMPANY: COMPANY AT A GLANCE
               FIGURE 37 ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT
               TABLE 116 ARCHER DANIELS MIDLANDS COMPANY: DEALS
     15.2 CARGILL
               TABLE 117 CARGILL, INCORPORATED: COMPANY AT A GLANCE
               FIGURE 38 CARGILL: COMPANY SNAPSHOT
               TABLE 118 CARGILL: OTHERS
     15.3 INGREDION INCORPORATED
               TABLE 119 INGREDION INCORPORATED: COMPANY AT A GLANCE
               FIGURE 39 INGREDION INCORPORATED: COMPANY SNAPSHOT
               TABLE 120 INGREDION INCORPORATED: NEW PRODUCT LAUNCHES
               TABLE 121 INGREDION INCORPORATED: DEALS
     15.4 TATE & LYLE
               TABLE 122 TATE & LYLE: COMPANY AT A GLANCE
               FIGURE 40 TATE & LYLE: COMPANY SNAPSHOT
               TABLE 123 TATE & LYLE: NEW PRODUCT LAUNCHES
               TABLE 124 TATE & LYLE: OTHERS
     15.5 ROQUETTE FRΘRES
               TABLE 125 ROQUETTE FRΘRES: COMPANY AT A GLANCE
     15.6 AVEBE U.A.
               TABLE 126 AVEBE U.A.: COMPANY AT A GLANCE
               FIGURE 41 AVEBE U.A.: COMPANY SNAPSHOT
               TABLE 127 AVEBE U.A.: OTHERS
     15.7 GRAIN PROCESSING CORPORATION
               TABLE 128 GRAIN PROCESSING CORPORATION: COMPANY AT A GLANCE
     15.8 EMSLAND GROUP
               TABLE 129 EMSLAND GROUP: COMPANY AT A GLANCE
               TABLE 130 EMSLAND GROUP: NEW PRODUCTS OFFERED
               TABLE 131 EMSLAND GROUP: DEALS
     15.9 AGRANA
               TABLE 132 AGRANA BETEILIGUNGS-AG: COMPANY AT A GLANCE
               FIGURE 42 AGRANA: COMPANY SNAPSHOT
               TABLE 133 AGRANA: OTHERS
     15.10 SMS CORPORATION
               TABLE 134 SMS CORPORATION: COMPANY AT A GLANCE
               TABLE 135 SMS CORPORATION: NEW PRODUCT LAUNCHES
     15.11 GLOBAL BIO-CHEM TECHNOLOGY GROUP COMPANY LIMITED
               TABLE 136 GLOBAL BIO-CHEM TECHNOLOGY GROUP COMPANY LIMITED: COMPANY AT A GLANCE
               FIGURE 43 GLOBAL BIO-CHEM TECHNOLOGY GROUP COMPANY LIMITED: COMPANY SNAPSHOT
     15.12 SPAC STARCH PRODUCTS (INDIA) LTD.
               TABLE 137 SPAC STARCH PRODUCTS (INDIA) LTD.: COMPANY AT A GLANCE
     15.13 QINGDAO CBH CO., LTD.
               TABLE 138 QINGDAO CBH CO., LTD.: COMPANY AT A GLANCE
     15.14 TEREOS
               TABLE 139 TEREOS: COMPANY AT A GLANCE
               FIGURE 44 TEREOS: COMPANY SNAPSHOT
     15.15 KMC
               TABLE 140 KMC: COMPANY AT A GLANCE
     15.16 BENEO
               TABLE 141 BENEO: COMPANY AT A GLANCE
               TABLE 142 BENEO: NEW PRODUCT LAUNCHES
               TABLE 143 BENEO: OTHERS
     15.17 ANGEL STARCH & FOOD PVT. LTD.
               TABLE 144 ANGEL STARCH & FOOD PVT. LTD.: COMPANY AT A GLANCE
     15.18 SHUBHAM STARCH CHEM PVT. LTD.
               TABLE 145 SHUBHAM STARCH CHEM PVT. LTD.: COMPANY AT A GLANCE
     15.19 EVEREST STARCH (INDIA) PVT. LTD.
               TABLE 146 EVEREST STARCH (INDIA) PVT. LTD.: COMPANY AT A GLANCE
     15.20 SHEEKHARR STARCH PVT. LTD.
               TABLE 147 SHEEKHARR STARCH PVT. LTD.: COMPANY AT A GLANCE
     15.21 SANSTAR BIO-POLYMERS LTD.
               TABLE 148 SANSTAR BIO-POLYMERS LTD.: COMPANY AT A GLANCE
     15.22 UNIVERSAL BIOPOLYMERS
               TABLE 149 UNIVERSAL BIOPOLYMERS: COMPANY AT A GLANCE
     15.23 SONISH STARCH TECHNOLOGY CO. LTD.
               TABLE 150 SONISH STARCH TECHNOLOGY CO. LTD.: COMPANY AT A GLANCE
     15.24 VENUS STARCH SUPPLIERS
               TABLE 151 VENUS STARCH SUPPLIERS: COMPANY AT A GLANCE
     15.25 GROMOTECH AGROCHEM PVT. LTD.
               TABLE 152 GROMOTECH AGROCHEM PVT. LTD.: COMPANY AT A GLANCE

*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

16 ADJACENT AND RELATED MARKETS (Page No. - 205)
     16.1 INTRODUCTION
               TABLE 153 ADJACENT MARKETS TO MODIFIED STARCH
     16.2 LIMITATIONS
     16.3 POTATO STARCH MARKET
             16.3.1 MARKET DEFINITION
             16.3.2 MARKET OVERVIEW
                       TABLE 154 POTATO STARCH MARKET SIZE, BY TYPE, 2019–2027 (USD MILLION)
     16.4 PEA STARCH MARKET
             16.4.1 MARKET DEFINITION
             16.4.2 MARKET OVERVIEW
                       TABLE 155 PEA STARCH MARKET SIZE, BY GRADE, 2019–2026 (USD BILLION)

17 APPENDIX (Page No. - 208)
     17.1 DISCUSSION GUIDE
     17.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     17.3 AVAILABLE CUSTOMIZATIONS
     17.4 RELATED REPORTS
     17.5 AUTHOR DETAILS

This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the modified starch market. In-depth interviews were conducted with various primary respondents—such as key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants—to obtain and verify critical qualitative and quantitative information as well as to assess prospects. The following figure depicts the research design applied in drafting this report on the modified starch market.

Secondary Research

In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, gold & silver standard websites, directories, and databases, were referred to identify and collect information.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology oriented perspectives.

Primary Research

In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information. The primary sources from the supply side included industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the modified starch market.

Modified Starch Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the modified starch market. These methods were also used extensively to estimate the size of the various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research.
  • The revenues of major modified starch manufacturers were determined through primary and secondary research, such as paid databases, which were used as the basis for market estimation.
  • All macroeconomic and microeconomic factors affecting the growth of the modified starch market were considered while estimating the market size.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using the top-down and bottom-up approaches.

Report Objectives

  • To define, segment, and project the global market for modified starch on the basis of function, modification type, raw material, form, application and region
  • To provide detailed information regarding the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To project the size of the market and its submarkets, in terms of value and volume, with respect to the regions (along with the key countries)
  • To strategically profile the key players and comprehensively analyze their market position and core competencies
  • To analyze the competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & developments in the modified starch market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

With the given market data, MarketsandMarkets offers customizations according to the company-specific scientific needs.

  • Further breakdown of the Rest of Europe market for modified starch into the Greece
  • Further breakdown of the Rest of South America market for modified starch into Chile, Peru, and Ecuador
  • Further breakdown of RoW market for modified starch into UAE, Saudi Arabia, and South Africa

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
Report Code
FB 3548
Published ON
Mar, 2022
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