Latin America Modified Starch Market

Latin America Modified Starch market Growth and Forecast (2023 - 2028):

The Latin America Modified Starch Market is worth USD 0.65 billion in 2022 and estimated to grow at a CAGR of 3%, to reach USD 0.75 billion by 2028. The Latin America Modified Starch market is developing at an exceptionally quick pace.

Market Overview:

Modified starch, are prepared by enzymatically, physically, or chemically treating native starch to change its properties. Modified starches are used in almost all starch applications, for example in food products as a thickening agent, stabilizer or emulsifier; in pharmaceuticals as a disintegrant; as binder in coated paper. They also have many other use or applications.

Starches are modified to improve their performance in various applications. Starches can be changed to increase their stability against extreme heat, acid, cooling, or freezing; to change their texture; to increase or decrease their viscosity; or to increase their visco-stability.

Drivers and Restraints:

The significant drivers for Modified Starch is the growing awareness about functional food and the growing demand for natural ingredients in food and feed. Also surge the rising demand for health food and natural sweeteners in beverages, specifically in energy drinks and non-carbonated soft drinks because of their low calorie value developing economies will boost this industry. However strict government policies in the area of Modified Starch limits this industry.

Latin America Modified Starch Market Segmentation Analysis:

The Latin America market for Modified Starch is segmented on the basis of raw material, application, Function and region. Based on raw material, the market is segmented into Potato, Wheat, Corn, and Cassava. The corn is expected to be the major raw material in the modified starch market in 2016, due to its abundant availability and wide range of applications in the food & beverage industry. However, the Cassava is likely to grow quicker, as it is the most cost-effective source of starch on a global level. Based on application, the market is segmented into Food & Beverages, Animal Feed. Based on function, the market is segmented into Thickeners, Stabilizers, Binders, and Emulsifiers.

Region Analysis:

Geographically the Latin America Modified Starch Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. The market is anticipated to keep thriving in both created and creating districts. The huge rise in spending has increased the demand for Modified Starch.

Key Players in the Market:

Major Key Players in the Latin America Modified Starch Market are

• Emsland-Starke GmbH (Germany)
• Grain Processing Corporation (U.S.)
• Cargill (U.S.)
• Ingredion Incorporated (U.S.)
• Archer Daniels Midland Company (U.S.)
• Tate & Lyle (U.K.)
• Roquette Frères (France)
• Avebe U.A. (Netherlands)
• Agrana Beteiligungs-AG (Austria)
• Latin America Bio-Chem Technology Group Company Limited (Hong Kong)