Modified Starch Market

New Revenue Pockets: Growing Demand for Processed and Convenience Food is Going to Drive the Modified Starch Market

According to MarketsandMarkets, the global modified starch market size is estimated to be valued at USD 13.1 billion in 2020 and projected to reach USD 14.9 billion by 2025, recording a CAGR of 2.7% in terms of value.  The growth of the modified starch market can be attributed to the increase in demand for processed and convenience food. Along with that, demand for adhesives is growing in a range of industrial applications, which are also expected to fuel the modified starch market in the forecasted period. Asia Pacific region dominated the global modified starch market.

Modified starch is defined as starch products modified chemically to withstand the process they are subjected to for use in various applications. Modified starches have numerous applications in the food & beverage industry. They are used in a wide range of products such as bakery & confectionery, processed foods, beverages, and other applications such as cereal & snacks. They are used across various other industries, including papermaking, textiles, pharmaceuticals, and feed industry.

Asia Pacific region dominated the global modified starch market. It is driven mainly by the rising demand for modified starch in large economies such as China, India, Japan, and other Southeast Asian countries. The industrial applications and technologies involved in starch processing are changing rapidly in the Asia Pacific region. It is also witnessing high investments in the modified starch market from key players in the market. These factors are contributing to the growth of the modified starch market in the region.

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

Based on the application, the food & beverages segment is projected to be the fastest-growing during the forecast period. This growth is mainly associated with the growing demand for processed and convenience food. Functional properties of modified starch and their ease of incorporation in a wide range of food applications; hence, the demand is more in the food & beverage sector.

Among various raw materials, the cassava segment is projected to be the fastest-growing from 2020 to 2025. It has several characteristics, which include high paste viscosity, high clarity, excellent thickening characteristics, natural taste, desirable textural characteristics, and high freeze-thaw stability, which are advantageous to many food preparations; it is also a relatively cheap source of raw material, which contains a high concentration of starch (dry-matter basis) that has more properties as compared to other modified starches such as that of corn, wheat, sweet potato, and rice.

The powder form of the modified starch is quite popular among the manufacturers. Due to its high stability and easy storage as compared to the liquid form, it is preferable among food and beverage manufacturers. The powder form of modified starch is also known to dilute easily with the other ingredients; thereby, it is more in demand across various industries.

Related Reports:

Modified Starch Market by Raw Material (Corn, Cassava, Potato, and Wheat), Application (Food & Beverages (Bakery & Confectionery, Processed Foods, Beverages, and Other Food Applications), Industrial, and Feed), Form, and Region - Global Forecast to 2025

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
FB 3548
RI Published ON
9/14/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Modified Starch Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved