The modified starch market was estimated to be worth $13.7 billion globally in 2022 and is anticipated to increase to $15.9 billion by 2027, rising at a CAGR of 3.1% between 2022 and 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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Key Highlights the Modified Starch Market:
Here are some key highlights of the modified starch market:
1. Growing Demand: The modified starch market has experienced significant growth in recent years due to its diverse applications in various industries such as food and beverages, pharmaceuticals, textiles, and paper.
2. Functional Benefits: Modified starches are preferred over native starches due to their improved functional properties like enhanced viscosity, stability, texture, and binding capabilities. This has led to their widespread adoption in processed foods and other products.
3. Food Industry Dominance: The food industry is the largest consumer of modified starches, where they are used as thickeners, stabilizers, and emulsifiers in products ranging from sauces and soups to baked goods and snacks.
4. Clean Label Trend: Consumer preference for clean label and natural products has driven the demand for modified starches derived from non-GMO sources. Manufacturers are focusing on creating clean label versions to meet this demand.
5. Convenience Foods: The rise in demand for convenience foods and ready-to-eat meals has boosted the use of modified starches, as they help improve the texture and stability of these products during processing and storage.
6. Textile and Paper Industries: Apart from the food sector, modified starches find application in industries like textiles (for fabric finishing) and paper (as a binder and coating agent), contributing to the market’s growth.
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.
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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.
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).
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