PUBLISHER: DataM Intelligence | PRODUCT CODE: 1285086
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1285086
Global Modified Starch Market - 2023-2030
Market Overview
The global modified starch market reached US$ 12,583 million in 2022 and is expected to reach US$ 16,569 million by 2030 and is expected to grow with a CAGR of 3.5% during the forecast period (2023-2030).
Modified starch is a versatile ingredient derived from various sources, undergoing modifications to enhance its functional properties. It finds applications in food, pharmaceuticals, textiles, paper, and more. The market is driven by the demand for convenience foods, clean-label ingredients, and advancements in biotechnology. Emerging economies offer lucrative opportunities for the growth of the modified starch market.
The modified starch market has witnessed significant growth due to its versatile applications in various industries. Technological advancements in biotechnology have further expanded the possibilities for modified starch applications, driving market growth. Instances of growth can be seen in the increased utilization of modified starch in food products, pharmaceutical formulations, textiles, and paper manufacturing. Emerging economies such as China and India offer promising growth opportunities.
Market Dynamics
Advancements in Biotechnology Drive Innovation and Market Opportunities in Modified Starch
The modified starch market trend is driven by advancements in biotechnology, unlocking new opportunities for product development and market expansion. Biotechnology enables the modification of starch properties, leading to improved functionalities, enhanced stability, and greater versatility. Through genetic engineering and enzymatic processes, manufacturers can produce modified starch with specific characteristics tailored to various applications.
This technological progress drives innovation in the modified starch industry, allowing for the creation of specialty and value-added products. As a result, the market share of modified starch continues to grow, with opportunities emerging in industries such as pharmaceuticals, cosmetics, and bio-based materials. The convergence of biotechnology and modified starch presents a promising landscape for manufacturers to explore and capitalize on market opportunities.
Expanding Food and Beverage Industry Drives the Modified Starch Market Share
The modified starch market trend is driven by the rapid expansion of the food and beverage industry. As the population grows and consumer preferences evolve, the demand for processed and packaged food products continues to rise. Modified Starch plays a vital role in improving the texture, shelf life, and overall quality of these products. Its applications range from dairy and meat products to confectionery and beverages.
The increasing adoption of modified starch by food manufacturers to enhance product attributes and meet consumer demands has resulted in significant market share growth. With the food and beverage industry poised for further growth, Modified Starch manufacturers have abundant opportunities to supply the growing market demand.
Competition from Alternative Ingredients Challenges Modified Starch Market Share
One restraint affecting the modified starch market is the competition from alternative ingredients and substitutes, which can impact the modified starch market share. Ingredients such as gums, pectin, and cellulose derivatives provide similar functionalities and are often used as alternatives to Modified Starch. Additionally, the increasing consumer demand for natural and organic ingredients poses a challenge for Modified Starch manufacturers.
As a result, some consumers may prefer alternative options, affecting the market share of Modified Starch. To mitigate this restraint, manufacturers need to focus on innovation, product differentiation, and highlighting the unique properties and benefits of Modified Starch to maintain and expand their market share in the face of competition from alternative ingredients.
COVID-19 Impact Analysis
The COVID-19 analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with pricing dynamics (including pricing change during and post-pandemic comparing it with pre-COVID scenarios), demand-supply spectrum (shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), government initiatives (initiatives to revive market, sector or industry by government bodies) and manufacturers strategic initiatives (what manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global modified starch market is segmented based on type, source, application, end-user, and region.
Corn-Based Modified Starch Dominates the Market with 45% Market Share and Promising Growth Prospects in Emerging Economies
According to the modified starch market analysis, the global modified starch market has been segmented by source into corn, tapioca, wheat, potato, cassava, and others.
The corn sub-segment within the modified starch market offers significant opportunities, accounting for approximately 45.2% of the market share. Its versatile applications in food, pharmaceutical, textile, and paper industries contribute to its growth. With increasing consumer preference for convenience foods, the market for corn-based modified starch is expected to expand. Additionally, the demand for clean-label ingredients provides further prospects.
Geographical Analysis
Asia Pacific Modified Starch Market Witnesses Remarkable Growth with Corn-Based Variants Leading Market Share
By region, the global modified starch market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east, and Africa.
The Asia Pacific modified starch market size was substantial, with the modified starch market share grown by corn-based variants, growing with CAGR of approximately 5.5%. This market presents opportunities for manufacturers to tap into, offering potential growth and expansion prospects. Factors such as rising demand for clean-label and functional ingredients in processed food products contribute to the market's upward trajectory. By 2030, the modified starch market is projected to hold a considerable market share. Emerging economies like China, India, and Southeast Asian countries present fertile ground for capitalizing on this market's opportunities. Modified starch manufacturers can leverage this scenario to drive their business growth and success.
Competitive Landscape
The major global players in the market include: Ingredion Inc., Cargill, Inc., Tate & Lyle PLC, Avebe U.A., The Archer Daniels Midland Company, Global Bio-chem Technology Group Company Limited, Roquette Freres, Angel Starch & Food Pvt Ltd, Emsland Group, The Agrana Group, and BENEO-Remy NV.
Why Purchase the Report?
- To visualize the global modified starch market segmentation based on type, source, application, end-user, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous data points of modified starch market-level with all segments.
- The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
- Product mapping is available as Excel consists of key products of all the major market players.
The global modified starch market report would provide approximately 93 tables, 109 figures, and 190 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
Table of Contents
1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
2. Market Definition and Overview
3. Executive Summary
- 3.1. Market Snippet, by Type
- 3.2. Market Snippet, by Source
- 3.3. Market Snippet, by Application
- 3.4. Market Snippet, by End-User
- 3.5. Market Snippet, by Region
4. Market Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Expanding Food and Beverage Industry Drives the Modified Starch Market Share
- 4.1.2. Restraints
- 4.1.2.1. Competition from Alternative Ingredients Challenges Modified Starch Market Share
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 4.1.1. Drivers
5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
6. COVID-19 Analysis
- 6.1. Analysis of COVID-19 on the Market
- 6.1.1. Scenario Before COVID-19
- 6.1.2. Scenario During COVID-19
- 6.1.3. Scenario Post COVID-19
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
7. By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. Pregelatinized Starch*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Oxidized Starch
- 7.4. Cationic Starch
- 7.5. Anionic Starch
- 7.6. Cross-Linked Starch
- 7.7. Thinned Starch
- 7.8. Acetylated Starch
- 7.9. Dextrin
- 7.10. Starch Ethers
- 7.11. Physically Modified Starch
- 7.12. Enzymatically Modified Starch
- 7.13. Others
8. Source
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 8.1.2. Market Attractiveness Index, By Source
- 8.2. Corn*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Tapioca
- 8.4. Wheat
- 8.5. Potato
- 8.6. Cassava
- 8.7. Others
9. By Application
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2. Market Attractiveness Index, By Application
- 9.2. Thickening Agent*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Stabilizer
- 9.4. Disintegrant
- 9.5. Binding Agent
- 9.6. Emulsifier
- 9.7. Others
10. By End-User
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.1.2. Market Attractiveness Index, By End-User
- 10.2. Food & Beverages*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.2.3. Bakery & Confectionery
- 10.2.4. Snacks
- 10.2.5. Dairy Products
- 10.2.6. Others
- 10.3. Pharmaceuticals
- 10.4. Cosmetics
- 10.5. Textile Industry
- 10.6. Animal Feed
- 10.7. Plastic Industry
- 10.8. Others
11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America*
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. The U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. The U.K.
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. Australia
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
13. Company Profiles
- 13.1. Ingredion Incorporated
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
- 13.2. Cargill, Incorporated
- 13.3. Tate & Lyle PLC
- 13.4. Avebe U.A.
- 13.5. The Archer Daniels Midland Company
- 13.6. Global Bio-chem Technology Group Company Limited
- 13.7. Roquette Freres
- 13.8. Angel Starch & Food Pvt Ltd
- 13.9. Emsland Group
- 13.10. The Agrana Group
LIST NOT EXHAUSTIVE
14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
