PUBLISHER: Allied Market Research | PRODUCT CODE: 1365591
PUBLISHER: Allied Market Research | PRODUCT CODE: 1365591
According to a new report published by Allied Market Research, titled, "Modified Starch Market," The modified starch market was valued at $9 billion in 2022, and is estimated to reach $14.4 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032.
Modified starch refers to a chemically or physically altered form of starch that possesses modified properties compared to native or unmodified starch. Starch is a complex carbohydrate found in various plant sources, such as corn, wheat, tapioca, and potato. It is composed of glucose units and is commonly used in the food and beverage, animal feed, textile, and other industries due to its thickening, stabilizing, gelling, and binding properties.
The modification of starch involves making changes to its molecular structure or properties to enhance its functionality for specific applications. This process can be achieved through various methods, including physical, enzymatic, or chemical treatments.
Modified starches find applications beyond the food and beverage industry. They are used in industries such as paper & packaging, textiles, pharmaceuticals, cosmetics, and animal feed. For instance, in the paper industry, modified starches improve the strength, smoothness, and printability of paper products. In textiles, they are used as sizing agents and thickeners. The wide range of applications and versatility of modified starches make them valuable ingredients in these industries, driving their demand.
Furthermore, a surge in consumer demand for clean and natural food products has been witnessed. Consumers are increasingly conscious about the ingredients used in their food and are inclined toward products with minimal or no artificial additives. Modified starches provide an opportunity for manufacturers to meet these clean label trends. They can be used as natural alternatives to artificial additives and emulsifiers, ensuring the label claims of natural or organic products. The clean label trend has led to increased utilization of modified starches in a wide range of food products.
However, modified starches face competition from alternative ingredients and additives that offer similar functionalities. For example, gums, hydrocolloids, and other stabilizers can provide comparable texture and stability properties in certain applications. The availability and effectiveness of these alternatives can impact the demand for modified starches, especially in specific industries or product formulations.
On the contrary, emerging economies, such as China, India, Brazil, and Southeast Asian countries, offer significant growth opportunities for the modified starch market. These regions have large population, have increased disposable incomes, and a shift in dietary patterns. As a result, there is a surge in demand for processed and convenience foods, which drives the need for modified starches. Moreover, the industrial sectors in these economies, including textiles, paper & packaging, and pharmaceuticals, provide opportunities for the utilization of modified starches in non-food applications.
The modified starch market is segmented on the basis of raw material, type, function, application, and region. On the basis of raw material, the market is categorized into maize, cassava, potato, wheat, and others. On the basis of type, it is divided into cationic starch, etherified starch, esterified starch, resistant starch, and pre-gelatinized. On the basis of function, it is classified into thickeners, stabilizers, binders, emulsifiers, and others. By application, the market is segregated into food & beverages, animal feed, paper-making, weaving textiles, pharmaceuticals, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global modified starch market profiles leading players that include ADM, AGRANA Beteiligungs-AG, AVEBE U.A., Cargill, Incorporated, EMSLAND GROUP GmbH and Co. KG, Ingredion Incorporated., Roquette Freres, Royal Ingredients Group, Tate and Lyle PLC, Tereos.
The global modified starch market report provides in-depth competitive analysis as well as profiles of these major players.
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