Business

Modified Starch Market Report Share and Growth 2024-2032

April 29, 2024
Renubresearch01

Global Modified Starch Market Analysis

Market Size and Growth: The Global Modified Starch Market is expected to reach approximately US$ 18.65 billion by 2032, with a CAGR of 4.60% from 2024 to 2032. It was valued at US$ 12.44 billion in 2023.

Market Overview: Modified starch is derived from grains and vegetables, and it has undergone specific modifications to enhance its properties, such as texture and structure. It is widely used in various industries, including food, pharmaceuticals, cosmetics, adhesives, and paper production.

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Market Drivers:

  • Rising Demand for Processed and Convenience Food: Modified starch is used in processed foods to maintain texture, consistency, and stability. The demand for processed and convenience foods is increasing globally due to factors such as ease of preparation and longer shelf life.
  • Growth in the Usage of Cosmetics and Personal Care Products: Modified starch is used in cosmetics and personal care products for its texture-enhancing and stabilizing properties. The demand for chemical-free and natural skincare products is driving the growth of the modified starch market.
  • Rise in the Number of Fast Food Chains: The expansion of fast-food chains worldwide is driving the demand for modified starch in various food applications. Modified starch improves the texture and quality of fast-food products, contributing to the market growth.

Asia-Pacific Modified Starch Market: The Asia-Pacific region is expected to experience the fastest growth in the global modified starch market. The region’s heavy reliance on agriculture and growing economy are driving the demand for modified starch.

Key Players: Major companies in the global modified starch market include Cargill Inc., Ingredion Inc., Archer Daniels Midland Company, Tate and Lyle, Associated British Foods plc, Tereos Group, Sudzucker AG, and Global Bio-Chem Technology Group Company Ltd.

Recent Developments

  • Ingredion Incorporated: Introduced NOVATION® Indulge 2940 starch, expanding its line of clean-label texturizers for dairy and alternative dairy products.
  • Loryma: Launched Lory Starch Saphir, a pure and E-number-free unmodified starch for various applications.
  • Roquette: Unveiled an organic pea protein starch as a sustainable alternative in culinary applications.
  • Cargill: Inaugurated a new corn wet mill in Indonesia to meet the growing demand for starches, sweeteners, and feeds in Asia.
  • Grain Processing Corporation (GPC): Introduced FYBRIN™RS resistant starch, a gluten-free dietary fiber ingredient with minimal calories.

Related Reports

Corn Starch Market: https://www.renub.com/corn-starch-market-forecast-p.php

Potato Starch Market: https://www.renub.com/potato-starch-market-p.php

Organic Dairy Products Market: https://www.renub.com/organic-dairy-market-p.php

 

Market Breakdown

Raw Materials:

  1. Corn
  2. Wheat
  3. Cassava
  4. Others

Products:

  1. Starch Esters & Ethers
  2. Resistant
  3. Cationic
  4. Pre-Gelatinized
  5. Others

Form:

  1. Dry
  2. Liquid

Function:

  1. Thickeners
  2. Stabilizers
  3. Binders
  4. Emulsifiers
  5. Others

End-Use:

  1. Food & Beverage
  2. Animal Feed
  3. Paper
  4. Pharmaceutical
  5. Textiles
  6. Others

Country Breakdown:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Conclusion

The Global Modified Starch Market is expected to witness significant growth driven by the rising demand for processed and convenience foods, increased usage in cosmetics and personal care products, and the expansion of fast-food chains. Major companies are introducing innovative products to cater to changing consumer preferences, contributing to market growth. The Asia-Pacific region is expected to be a key market for modified starch due to its growing economy and reliance on agriculture.

 

About the Company:

 

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