Year | Value |
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2023 | USD 13.8489 Billion |
2030 | USD 16.87633 Billion |
CAGR (2023-2030) | 4.72 % |
Note – Market size depicts the revenue generated over the financial year
Modified Starch Market is expected to reach USD 16.87 billion by the end of 2030, at a CAGR of 4.7%. The growth of this market is mainly driven by the wide range of applications of modified starches in the food and beverage industry, pharmaceutical industry, and personal care industry. Modified starches are used in the food and beverage industry as thickening, stabilizing, and gelling agents. With the growing trend of clean label and natural ingredients, the use of modified starches as thickening, stabilizing, and gelling agents in food formulations is expected to increase. There are several factors driving the growth of the modified starch market. The use of enzymatic and physical modification methods has improved the performance characteristics of modified starches. Also, the increasing demand for convenience food and ready-to-eat food in emerging economies is driving the growth of the modified starch market. The leading players in this market, such as Cargill, Archer Daniels Midland, and Ingredion, are focusing on expanding their market share through strategic initiatives such as mergers and acquisitions, product launches, and agreements. Research and development of new products to meet the needs of consumers is also expected to help these companies strengthen their position in this market.
Regional Market Size
Modified Starch Market is experiencing significant growth across several regions, owing to increasing demand from food and beverage, pharmaceutical and textile industries. Each region has a unique characteristic, influenced by local consumer preferences, government regulations and economic conditions. North America and Europe are characterized by a strong trend towards clean label products and a growing awareness of health, while Asia-Pacific is characterized by rapid industrialization and urbanization, which has led to an increased demand for processed foods. The Middle East and Africa are gradually introducing modified starches, driven by the need for thickening and stabilizing agents. Latin America is experiencing growth, mainly driven by the development of the food industry and agricultural development.
“Modified starches can be derived from a variety of sources, including corn, potatoes, and tapioca, and they can serve multiple functions such as thickening, gelling, and stabilizing in food products.” — Food and Agriculture Organization (FAO)
Modified starches are used in many industries, notably in the food, pharmaceutical and paper industries. This market is currently growing, driven by the increasing demand for clean label products and the need for functional ingredients to improve texture and stability. Also the gluten-free diet and the regulatory push towards natural ingredients in food products are driving the market. Modified starches are used in many applications and are well accepted in many countries. In the food industry, Cargill and Ingredion are the market leaders in both innovation and application. These starches are mainly used as thickeners, stabilizers and emulsifiers in a variety of products, such as sauces, dressings and dairy products. Modified starches are also used in the pharmaceutical industry, where they are used as a stabilizer for the active ingredients in a wide range of products, from tablets to infusions. Modified starches are also used in the paper industry, where they are used as a sizing agent. The development of enzymatically modified starches and physical processing methods allows manufacturers to meet the evolving needs of consumers and industries.
From 2023 to 2030, the modified starch market is expected to grow steadily, from approximately 13 billion to 15 billion, a compound annual growth rate of 4.72%. This is mainly due to the high demand for clean label products, the application of modified starch in various industries such as food, beverage, pharmaceuticals, and cosmetics. , and the natural and organic ingredients that are more and more popular among consumers. Modified starch, which can meet these two conditions, will have a better market share. Further, the main driving force is still the development of technology and the policy. It is expected that the development of enzymatic modification and the development of non-GMO starches will greatly enhance the performance and function of the products, thus satisfying the various needs of consumers. Besides, the sustainable exploitation of natural resources and the environment will also lead to the increased use of modified starches. The emergence of plant-based diets and the increasing use of modified starches in gluten-free products will also help to increase the market. , making modified starch an important ingredient in the future development of food.
Covered Aspects:Report Attribute/Metric | Details |
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Market Size Value In 2023 | USD 13.849 Billion |
Growth Rate | 3.35% (2023-2030) |
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