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
The global modified starch market is expected to be worth USD 13.7 billion in 2022 and is anticipated to grow at a CAGR of 3.1% during the forecast period, reaching USD 15.9 billion by 2027.
Modified starch is a versatile ingredient that has the ability to transform basic properties of native starch to suit the specific requirements of various industries. With its exceptional characteristics such as bulk water absorption, emulsification, and thickening properties, modified starch has opened up a vast spectrum of applications. Not only does it enhance the quality of food & beverages, but it has also proven to be a game-changer in the textile and paper industry. By serving as a texture agent, fat replacer, and emulsifier, modified starch has become a critical ingredient in the formulation of products across different sectors. Thanks to the advanced processing technology used to develop modified starch, it has become possible to create tailor-made ingredients that can solve a wide range of formulating challenges.
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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.
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Key Market Players
The key players in this market include ADM (US), Cargill (US), Ingredion (US), Tate & Lyle (UK), Roquette Frères (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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|
Report Metric |
Details |
|
Market size value in 2022 |
USD 13.7 billion |
|
Revenue forecast in 2027 |
USD 15.9 billion |
|
Growth Rate |
CAGR of 3.1% from 2022 to 2027 |
|
Base year for estimation |
2021 |
|
Historical data |
2022-2027 |
|
Forecast period |
2022-2027 |
|
Quantitative units |
Value (USD), Volume (KT) |
|
Segments covered |
Function, Modification Type, Raw Material, Form, Application and Region |
|
Regional scope |
North America, Europe, Asia Pacific, South America, Central America, and Rest of the World |
|
Dominant Geography |
North America |
|
Key companies profiled |
|
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):
Which region is projected to account for the largest share in the modified starch market?
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. Major players present in the Asia-Pacific modified starch market are SMS Corporation (Thailand), Global Bio-Chem Technology Group Company Limited (Hong-Kong) Ingredion Incorporated (US), SMS Corporation (Thailand), Global Bio-Chem Technology Group Company Limited (Hong-Kong), SPAC Starch Products (India) Ltd. (India), Qindao CBH Co., Ltd. (China)and Avebe (Netherlands).
What is the current size of the global modified starch market?
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.
Which are the key players in the market, and how intense is the competition?
Key players in this market include Archer Daniel Midlands Company (US), CARGILL (US), Ingredion Incorporated (US), Tate & Lyle (UK) and Avebe U.A. (The Netherlands). Since modified starch is a fast-growing market, the existing players are fixated upon improving their market shares, while startups are being established rapidly. The modified starch market can be classified as a fragmented market as it has a large number of organized players, accounting for a major part of the market share, present at the global level, and unorganized players present at the local level in several countries. .
What are the key applications of modified starch?
Modified starch is used in a wide range of food, industrial, and personal care applications. Food applications include dairy, bakery, confectionery, meat, sauces, and beverages, among others. Industrial applications include papermaking, textiles, adhesives, and construction materials. Personal care applications include cosmetics, pharmaceuticals, and oral care products.
What are the benefits of using modified starch?
Modified starch offers several benefits, such as improved texture, stability, and consistency, reduced processing time, and cost-effectiveness. It also enhances the shelf life and sensory characteristics of food products, and improves the quality and performance of industrial and personal care products.
What are the market trends for modified starch?
The market for modified starch is driven by the growing demand for convenience foods, functional ingredients, and clean-label products. The food industry is the largest end-user of modified starch, with the dairy and bakery segments being the fastest-growing. The demand for modified starch is also growing in the industrial and personal care sectors, driven by the increasing use of eco-friendly and sustainable ingredients. The Asia Pacific region is the largest market for modified starch, followed by Europe and North America.
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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 MARKET, BY RAW MATERIAL & REGION
FIGURE 14 ASIA PACIFIC TO DOMINATE ACROSS RAW MATERIAL MARKETS DURING THE FORECAST PERIOD
4.5 MARKET, BY APPLICATION
FIGURE 15 FOOD & BEVERAGE APPLICATIONS TO DOMINATE THE MARKET DURING THE FORECAST PERIOD
4.6 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 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 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 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 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 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 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: 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 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.
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.
Pregelatinized starch and Cationic Starch are Impacting the Modified Starch Market:
Pregelatinized starch is a type of modified starch that has been chemically or physically processed to make it easier to dissolve in cold water. This makes it useful in a wide range of applications, including as a thickener in soups, sauces, and gravies, as well as in bakery products, snacks, and confectionery items.
Cationic starch is another type of modified starch that has been chemically modified to carry a positive charge. This gives it unique properties that make it useful in a variety of applications, including papermaking, textiles, and water treatment.
Both pregelatinized starch and cationic starch are seeing increased demand in the modified starch market as manufacturers look for ways to improve the functionality and performance of their products. In addition, the growing demand for processed and convenience foods is also driving the market for modified starches, including pregelatinized and cationic starches.
Recent Trends in the Potato Starch Flour Market:
Increasing demand for gluten-free products: Potato starch flour is a popular ingredient in gluten-free baking, as it provides structure and texture to baked goods without the use of wheat flour. As more consumers adopt gluten-free diets, the demand for potato starch flour is likely to increase.
Growing popularity in the food industry: Potato starch flour is widely used in the food industry as a thickener, stabilizer, and binding agent. Its versatility and functional properties have made it a popular ingredient in a wide range of products, including soups, sauces, and baked goods.
Rising demand from the industrial sector: Potato starch flour is also used in the paper, textile, and pharmaceutical industries as a binding agent, adhesive, and filler. With the growth of these industries, the demand for potato starch flour is likely to increase.
Price fluctuations: The price of potato starch flour can be volatile due to fluctuations in potato prices and supply chain disruptions. This can make it challenging for manufacturers to plan and forecast their production costs.
Environmental concerns: The production of potato starch flour requires large amounts of water and energy, and can generate significant waste. As environmental concerns become more prominent, there is increasing pressure on the industry to adopt more sustainable practices.
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)
Growth opportunities and latent adjacency in Modified Starch Market