Modified starches market size is projected to reach USD 16.80 billion by 2030, expressing a CAGR of 3.35% throughout the forecast period.
Modified starches market size is projected to be worth USD 16.80 billion by 2030, registering a CAGR of 3.35% during the forecast period (2022-2030). Modified starches are starch derivatives that are prepared from processing modified starches. Modified starches have better functionality in terms of solubility with cold water, stable viscosity with variations of temperature, hot fluidity and constant stability. Modified starches finds its application in the food industry (microwaveable ready meals, powdered soups, jams, and others.) and in the pulp and paper industry particularly in corrugated cardboard and paper to improve paper strength, surface appearance and others.
Versatility of starches especially modified starches, makes it suitable for wide variety of food application. They are highly used as food additives as they enhances texture, viscosity, gel formation, adhesion, binding, moisture retention, film formation and more. In recent years, modified starches are also used as fat substitutes in the production of low calorie food.
Modified Starches Market is in the entire world; to name few regions where this market exist are North America, Europe, China and Asia Pacific. Among these APAC has the major market share followed by North America. Europe is projected to grow at the fastest rate in the coming years owing to rising demand for modified starches from the paper industry, and textiles. North America dominated the modified starches industry and market volume is projected to reach 16.80 billion by 2030 and will grow at a CAGR of 3.35%. Due to the cheap raw materials & low production costs as well as less stringent environment regulations Asia-Pacific region is in a better position to produce starch at more competitive prices than developed countries in European and North American region.
Modified starches market has been segmented on the basis of source of modified starches, market is segmented into corn, wheat, cassava, potato, and other sources. On the basis of form, market is segmented into powder, liquid and gel. On basis of application, market is segmented into food & beverages and non-food application, food application includes confectionery, processed food, beverages, and others. Non-food applications includes corrugation and papermaking, personal care, pharmaceuticals, textiles, and others includes mining & drilling, construction & building, adhesives, chemicals and animal feed.
The leading market players in the global modified starches market primarily are Cargill Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Agrana Beteiligungs-AG (Austria), Grain Processing Corporation (U.S.), and Roquette Frères (France)
Regional and Country Analysis of Modified starches Market Development and Demand Forecast to 2022 Market
As per the MRFR analysis, the global modified starches market is poised to reach 16.80 billion in 2030, to grow at a CAGR of 3.35 % during the forecasted period.
The reports also cover country-level analysis:
|Market Size||USD 16.80 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Source, Form, Application, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Cargill Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Agrana Beteiligungs-AG (Austria), Grain Processing Corporation (U.S.), Roquette Frères (France)|
|Key Market Opportunities||Starch Hydro Lysate Are Lower Capital Investment As Raw Material, Advanced Technology, Biofuel To Replace Fossil Fuel|
|Key Market Drivers||Highly used as food additives as they enhances texture|
Modified starches market CAGR would be 3.35% during the forecast period.
The North American modified starches market volume would be 16.80 billion.
Key players profiled in the modified starches market include Cargill Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Agrana Beteiligungs-AG (Austria), Grain Processing Corporation (U.S.), and Roquette Frères (France).
Modified starches market forms are powder, liquid, and gel.