Global Modified Starch Market Size, Share, Growth Analysis, By Product (Starch Esters & Ethers, Resistant), By Material(Corn, Cassava), By Function(Stabilizers, Thickeners), By End-Use(Food & Beverage, Animal Feed) - Industry Forecast 2023-2030

Global Modified Starch Market size was valued at USD 12.4 billion in 2022 and is poised to grow from USD 13.1 billion in 2023 to USD 19.8 billion by 2031, growing at a CAGR of 5.30% during the forecast period (2024-2031).

The rapid growth in the Global Modified Starch Market is a direct result of the growing demand for processed and easy foods, which is being driven by the world's population increase. This increase has made modified starch an essential component in the production of foods that are ready to eat. In keeping with the desire for convenience, modified starch is a flexible ingredient that makes it possible to produce a wide variety of food items that suit the fast-paced lives that are common in society.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Modified Starch Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Modified Starch Market Segmental Analysis

The product, material, function, end-use, and region segments make up the five divisions of the worldwide modified starch market. The market is divided into five segments based on the product: pre-gelatinized, resistant, cationic, starch esters and ethers, and others. The market is divided into two segments based on material: corn, cassava, wheat, potatoes, and others. The market is divided into segments according to function: stabilizers, thickeners, emulsifiers, binders, and others. The industry is divided into the following end-user segments: Food & Beverage, Animal Feed, Paper, Pharmaceuticals, Textiles, and Others. The market is divided into four regions: North America, Europe, Asia Pacific, and Latin America.

Drivers of the Global Modified Starch Market

The major driver in this market is new developments in starch which are specifically focusing on important components of baked goods, such as fruit fillings for sweets and sauces included into frozen dinners. Interestingly, ingredient providers are expanding the range of possibilities by varying the sources of starch they offer. This market is noteworthy for its significant growth due to the quick development of starch processing technology and industrial applications. More significantly, a growing number of companies are using modified starch in their manufacturing procedures and finished goods.

Restraints in the Global Modified Starch Market

Gum Arabic's dominance and preference over modified starches present a serious obstacle to this progress. Research indicates that drinks stabilized with gum Arabic sources are more likely to remain stable than those stabilized with modified starches. The inclination for gum Arabic significantly impedes the advancement of modified starches in the beverage industry.

Market Trends of the Global Modified Starch Market

Due to their intrinsic adaptability, food starches provide a range of functional qualities that lead to a variety of uses in a variety of industries. Their versatility enables them to perform vital tasks for a variety of food formulations, including texturizing, binding, thickening, gelling, and stabilizing. Understanding the function of industrial starches as adhesives in paper and packaging goes beyond their usage in cooking and becomes essential when analysing future growth potential.