Modified Starch Market

Modified Starch Market 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) - Global Forecast to 2027

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

[217 Pages Report] The global modified starch market is estimated to be valued at USD 13.7 billion in 2022. It is projected to reach USD 15.9 billion by 2027, recording a CAGR of 3.1% during the forecast period. Modified starches are manufactured from native starches. Various processing methods such as physical, enzymatic, wet & dry chemical processes, drum drying, and extrusion are used to produce different types of modified starch products. These processes are used to change the properties of native starch, such as its freeze-thaw stability, acid or alkali resistance, and shear stability to meet industrial requirements. Modified starches are used for functions such as thickening, stabilizing, binding, and emulsification. Apart from food products, it is also used in a wide range of non-food applications and the animal feed industry.

Modified Starch Market

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Impact of Covid-19 on Modified Starch Market

The COVID-19 pandemic has had a historical impact on businesses across various industries in a short time, including the food and beverage supply chain. The biggest misconception about COVID-19 is that empty grocery shelves are an indicator that there is a shortage of food due to the recent runs on grocery stores, which have created these short-term disruptions as the supply chain works to catch up and replenish.

The pandemic will have both positive and 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.

Market Dynamics

Drivers: Rising demand for processed and convenience food

Convenience foods are a part of daily diets for consumers in most developed countries. Convenience foods require extensive processing and preparation, which is facilitated by the use of technological innovations in preservation, packaging, freezing, and artificial flavorings & ingredients, among others. Based on their annual consumption rates, it is evident that convenience foods are popular in North American and European countries. Globalization and the resultant changing lifestyles have also led to an increase in the consumption of convenience food in other countries around the world, especially in the booming markets of Asia, subsequently leading to an increased demand for modified starch. Globalization and the resultant changing lifestyles have also led to an increase in the consumption of convenience food in other countries around the world, especially in the developing markets of Asia, subsequently leading to an increased demand for modified starch. China and India are at the forefront of the growth of processed food across the Asia Pacific region. India’s processed food market is projected to be valued at USD 470 Bn by 2025, according to the Indian Brand Equity Foundation (IBEF).

Restraints: Limited sources and high cost of natural additives

According to the FAOSTAT, cassava is grown in an area of 24.6 million hectares, wherein 277.8 million tonnes (306.2 million tons) were produced in 2018. Nigeria has the largest area (~28%) among all cassava growing countries and contributed ~20% of the total cassava production in the world in 2018. The other major producers of cassava are Indonesia, Thailand, and Brazil. Thailand and Brazil are the second- and third-largest producers of cassava in the world in 2018, respectively. At the same time, India was the fifth-largest producer in Asia.

The production of cassava depends on climatic conditions. Unfavorable climatic conditions hamper the overall production and ultimately impact the supply chain of cassava. The prices of cassava fluctuate according to the overall production. The prices are also affected due to the fall in demand. In February 2016, cassava export prices declined largely amid the decline in demand from international markets, particularly China.

Opportunities: Potential alternative sources of modified starch

The US ethanol policy and the growing demand for wheat as a raw material for biofuel generation in European countries have indirectly posed problems for the modified starch market. The availability of corn, primarily exported by the US, and wheat, Europe’s prime starch commodity, is expected to decrease owing to the ethanol policies in these regions. This, coupled with the increasing demand for modified starch in various industry sectors, necessitates the need to tap other sources of starch.

Challenges: Approval from many regulatory bodies

  • The Asian markets are the most lenient in their regulations regarding health claims that may be used for modified starch. The US market, however, has stricter regulations, and there are no health claims for food additives; however, structure or function claims are permitted. European markets have the strictest regulations regarding health claims for modified starch. Manufacturers and distributors face challenges in production & distribution due to these strict laws & regulations.
  • The regulatory body’s laws and enforcements among the industry play a vital role in the business planning of the company. Such bodies comply with rules and regulations required to be maintained in the particular market. The government makes such laws in order to maintain a balance in the manufacturing and supply of goods.

Native Modified Starch is Suitable for Use in Pet Foods and Animal Nutrition

Native modified starch is used for a wide range of practical purposes in food products. Its high water-binding capacity is helpful in noodles, soups and sauces, canned vegetables, meat and bakery products, snacks and confectionaries, dry mixes, and a variety of extruded food products. It provides high viscosity and heightens the taste, odor, and color of the food in which it is used due to the low protein and fat/lipid content. It is a flexible ingredient in various foods, providing good organoleptic properties.

Native modified starch is also suitable for use in pet foods and animal nutrition. It serves as a digestible energy source for animals and allows adapting and/or improving the texture of the finished product during palletization and extrusion processes. Among the major industrially produced modified starches, potato starch stands out with distinct characteristics that make it a choice ingredient in food manufacturing. Native modified starch also has the highest viscosity among all the major native starches. It reaches a peak viscosity of 3000 BU at 60 degrees Celsius–65 degrees Celsius. It also exhibits the highest swelling power and solubility at 95 degrees Celsius compared to other native starches.

Increased Production in Lesser Time Boosting the Industrial Usage of Microbial Enzymes

Microbial enzymes play a major role in the industrial enzymes market because they are more stable than plant and animal enzymes. They can be produced through fermentation techniques in a cost-effective manner with less time and space requirement, and because of their high consistency, process modification and optimization are easily done. Novel enzymes that cannot be extracted from plants and animals are derived from microorganisms and can be easily used. Enzymes are biocatalysts that play an important role in metabolic and biochemical reactions. Microbial enzymes are mainly produced by submerged fermentation and solid-state fermentation. The enormous diversity of microbial enzymes makes them an important source of raw materials for industrial applications, such as bioethanol, Paper & pulp, textile & leather, detergents, feed, and wastewater treatment. For example, the use of microbial enzymes in the Paper & pulp industry allows the secondary fiber structure to loosen up, releasing the embedded ink with reduced usage of alkali, chemicals, and detergents.

Modified Starch Market by Region

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Asia-Pacific dominated the modified starch market, with a value of USD 7.5 billion in 2021; it is projected to reach USD 9.1 billion by 2027, at a CAGR of 3.4% during the forecast period.

Today Asia-Pacific’s is the world’s leading producer of modified starch, with European modified starch being exported to all corners of the globe. Asia-Pacific accounted for a market share of 55.2% in the global modified starch market, in 2021. The Asia-Pacific starch industry has a range of starch offerings, ranging from native to modified (chemically and physically) and liquid and solid sweeteners. The versatility of potato starches enables their application as ingredients and functional supplements in the food, non-food, and feed industries.

In terms of the end-use application industry, there is no stand-out trend. However, the food industry is projected to witness the fastest growth with the newer variations of modified starch, new products, and a range of applications.

Key Market Players

The key players in this market include SMS Corporation (Thailand), Global Bio-Chem Technology Group Company Limited (Hong-Kong) Ingredion Incorporated (US) , Archer Daniel Midlands Company (US), CARGILL (US), Tate & Lyle (UK), Avebe U.A. (The Netherlands), Tereos (France), Lyckeby (Sweden)and Avebe (Netherlands).

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Scope of the Report

Report Metric

Details

Market size estimation

2022–2027

Base year considered

2021

Forecast period considered

2022–2027

Units considered

Value (USD), Volume (KT)

Segments covered

By function, modification type, raw material, form, application and region

Regions covered

North America, Asia Pacific, Europe, South America, and Rest of the World

Companies studied

  • Archer Daniel Midlands Company (US)
  • CARGILL (US)
  • Ingredion Incorporated (US)
  • Tate & Lyle (UK)
  • Avebe U.A. (The Netherlands)
  • Royal Ingredients Group (The Netherlands)
  • Roquette Frères (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)

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

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

Report Scope:

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 MODIFIED STARCH 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 MODIFIED STARCH MARKET SIZE, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
    FIGURE 9 MODIFIED STARCH MARKET SIZE, BY FORM, 2022 VS. 2027 (USD MILLION)
    FIGURE 10 MODIFIED STARCH MARKET SHARE (VALUE), BY REGION, 2022

4 PREMIUM INSIGHTS (Page No. - 43)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE MODIFIED STARCH 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 MODIFIED STARCH 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 MODIFIED STARCH 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 MODIFIED STARCH 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: MODIFIED STARCH MARKET SIZE, BY APPLICATION, 2019–2021 (USD MILLION)
           9.2.2 OPTIMISTIC SCENARIO
                    TABLE 28 OPTIMISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY APPLICATION, 2019–2021 (USD MILLION)
           9.2.3 PESSIMISTIC SCENARIO
                    TABLE 29 PESSIMISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY APPLICATION, 2019–2021 (USD MILLION)
    9.3 FOOD & BEVERAGES
           TABLE 30 MODIFIED STARCH 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 MODIFIED STARCH MARKET SIZE IN BEVERAGES, BY REGION, 2018–2027 (USD MILLION)
           9.3.4 OTHER FOOD APPLICATIONS
                    TABLE 35 MODIFIED STARCH MARKET SIZE IN OTHER FOOD APPLICATIONS, BY REGION, 2018–2027 (USD MILLION)
    9.4 FEED
           TABLE 36 MODIFIED STARCH MARKET SIZE IN FEED, BY REGION, 2018–2027 (USD MILLION)
           TABLE 37 MODIFIED STARCH 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 MODIFIED STARCH 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 MODIFIED STARCH MARKET SIZE, 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: MODIFIED STARCH MARKET SIZE, BY FORM, 2019–2021 (USD MILLION)
             10.2.2 OPTIMISTIC SCENARIO
                       TABLE 47 OPTIMISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY FORM, 2019–2021 (USD MILLION)
             10.2.3 PESSIMISTIC SCENARIO
                       TABLE 48 PESSIMISTIC SCENARIO: MODIFIED STARCH 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 MODIFIED STARCH MARKET SIZE, BY REGION, 2018–2027 (KT)
     13.2 COVID-19 IMPACT ON THE MODIFIED STARCH MARKET, BY REGION
             13.2.1 OPTIMISTIC SCENARIO
                       TABLE 56 OPTIMISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY REGION, 2019–2021 (USD MILLION)
             13.2.2 REALISTIC SCENARIO
                       TABLE 57 REALISTIC SCENARIO: MODIFIED STARCH MARKET SIZE, BY REGION, 2019–2021 (USD MILLION)
             13.2.3 PESSIMISTIC SCENARIO
                       TABLE 58 PESSIMISTIC SCENARIO: MODIFIED STARCH 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: MODIFIED STARCH MARKET SIZE, BY COUNTRY, 2018–2027 (KT)
               TABLE 61 NORTH AMERICA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
               TABLE 62 NORTH AMERICA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT)
               TABLE 63 NORTH AMERICA: MODIFIED STARCH MARKET SIZE, BY APPLICATION, 2018–2027 (USD MILLION)
               TABLE 64 NORTH AMERICA: MODIFIED STARCH 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: MODIFIED STARCH MARKET SIZE, 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: MODIFIED STARCH MARKET SIZE, BY COUNTRY, 2018–2027 (KT)
               TABLE 70 EUROPE: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
               TABLE 71 EUROPE: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT)
               TABLE 72 EUROPE: MODIFIED STARCH MARKET SIZE, BY APPLICATION, 2018–2027 (USD MILLION)
               TABLE 73 EUROPE: MODIFIED STARCH 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: MODIFIED STARCH MARKET SIZE, 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: MODIFIED STARCH MARKET SIZE, 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: MODIFIED STARCH MARKET SIZE, 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: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
             13.4.6 REST OF EUROPE
                       TABLE 79 REST OF EUROPE: MODIFIED STARCH MARKET SIZE, 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: MODIFIED STARCH MARKET SIZE, BY COUNTRY, 2018–2027 (KT)
               TABLE 82 ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
               TABLE 83 ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT)
               TABLE 84 ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, BY APPLICATION, 2018–2027 (USD MILLION)
               TABLE 85 ASIA PACIFIC: MODIFIED STARCH 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: MODIFIED STARCH MARKET SIZE, 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 modified starch market
                                   TABLE 87 JAPAN: MODIFIED STARCH MARKET SIZE, 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: MODIFIED STARCH MARKET SIZE, 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: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
             13.5.6 REST OF ASIA PACIFIC
                       TABLE 91 REST OF ASIA PACIFIC: MODIFIED STARCH MARKET SIZE, 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: MODIFIED STARCH MARKET SIZE, BY COUNTRY, 2018–2027 (KT)
               TABLE 94 SOUTH AMERICA: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
               TABLE 95 SOUTH AMERICA MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT)
               TABLE 96 SOUTH AMERICA: MODIFIED STARCH MARKET SIZE, BY APPLICATION, 2018–2027 (USD MILLION)
               TABLE 97 SOUTH AMERICA: MODIFIED STARCH 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: MODIFIED STARCH MARKET SIZE, 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: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
     13.7 REST OF THE WORLD (ROW)
               TABLE 101 ROW: MODIFIED STARCH MARKET SIZE, BY REGION, 2018–2027 (USD MILLION)
               TABLE 102 ROW: MODIFIED STARCH MARKET SIZE, BY REGION, 2018–2027 (KT)
               TABLE 103 ROW: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (USD MILLION)
               TABLE 104 ROW: MODIFIED STARCH MARKET SIZE, BY RAW MATERIAL, 2018–2027 (KT)
               TABLE 105 ROW: MODIFIED STARCH MARKET SIZE, BY APPLICATION, 2018–2027 (USD MILLION)
               TABLE 106 ROW: MODIFIED STARCH 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: MODIFIED STARCH MARKET SIZE, 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 FRÈRES
               TABLE 125 ROQUETTE FRÈRES: 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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