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Global Modified Starch Market Segmentation By Raw Material (Potato, Cassava, Corn, and Wheat), By Application (Bakery & Confectionery, Beverages, and Processed Foods), By Function (Thickeners, Stabilizers, Binders and Emulsifiers) and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2022 – 2027)

Published: January, 2022
ID: 3384
Pages: 175

Modified Starch Market Growth and Forecast (2022 - 2027):

The Global Modified Starch Market size was worth US$ 9.9 billion in 2021, and it is estimated that it will reach US$ 12.6 billion by 2027 with an annual expansion rate of 4.1% between 2022 and 2027.

Modified Starch Market

Market Overview:

Modified starch is formed by physicochemical or morphological changes in the structure of natural starch through treatment with alkali, acid, heat or enzymes. The paper industry is another important application of modified starch due to its bonding properties for making high-strength, high-quality paper with proper surface coating, sizing, and calendaring. Modified starch is used in the food and beverage industry as a stabilizer, thickener, or emulsifier due to its partial digestibility and gluten-free quality, making it less fat than normal starch.  Corn, wheat, potatoes, and cassava are some of the main raw materials for modified starch. It also uses modified starch in animal feed, pharmaceuticals, cosmetics, textiles, and other industries.

Recent Developments in Modified Starch Industry:

  • In March 2018, the Archer Daniels Midland Company acquired a 50% interest in the business of food sweeteners and starches and food ingredients from Aston Foods AG (Russia).
  • In November 2018, Tate & Lyle PLC significantly expanded its laboratory in Singapore, the food and beverage manufacturing hub in the Asia Pacific region.

Modified Starch Market Growth:

The growing demand for prepared foods and the rapid development of the pharmaceutical industry are expected to drive growth in the global modified starch market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

4.1%

Segments Covered

By Raw Material, Application, Function and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Avebe UA, Archer Daniels Midland Company, Tate & Lyle PLC, Cargill Incorporated, Global Bio-Chem Technology, Penford Corp, Ulrick and Short Ltd, Angel Starch & Food Pvt, Sanstar Bio-Polymers Ltd, Honest Derivatives Pvt. Limited, AGRANA Strke GmbH, Roquette Frres, Ingredion Incorporated, Universal Starch Chem Allied and Others.

Drivers:

With the emergence of new food processing media in the food industry, market demand for modified starch is increasing. The use of modified starch in the manufacture of animal feed is the driving force behind the most prominent demand in the world market for modified starch. The cumulative value of the global processed starch market is expected to increase with the development of the food processing sector. With the development of the food and beverage industry, the demand for modified starch is increasing. Modified starch is widely used in the food industry, and the broad portfolio of applications for this type of starch is behind the growth of the global market. The modified starch is obtained by changing the enzymatic, chemical and physical starch to the original starch. As the demand for thickeners in the food industry increases, crystal starch is attracting attention. Also, the presence of emulsifiers is an important requirement for many chemical processes within the food industry. The global modified starch market is expected to experience massive import in the coming years. In recent years, several international fast-food restaurant chains have opened in different parts of the world, and dishes and products from specific regions can satisfy consumer demand in various regions. Fast food restaurants have a significant share of the food service sector, and as consumer demand for convenient food has increased, demand has increased over the years, focusing on competitive and affordable prices.

Fast food restaurants make extensive use of modified starch for food preparation to improve the texture, flavor, and taste of dishes. In addition, the need for stabilizers in food processing has recently benefited from the global modified starch market. Also, this streak will resist the growth of several other subsidiary markets related to the food industry. By understanding the trends and dynamics of the global modified starch market, the relevance of the aforementioned sectors cannot be compromised. The cultivation of functional food products, which require clean labels and cost savings in the production process, are key factors in the application of modified starch in the food industry. The confectionery industry occupies a large part and functional food applications are developing at a faster rate in the food and beverage industry. The use of modified starch to produce special types of paper has also progressed in the field of modified starch manufacturing. Furthermore, the use of modified starch in the textile industry has greatly helped the growth of the modified starch market worldwide. The global modified starch market provides great growth opportunities as this type of starch emerges for new uses.

Restraints:

The availability of alternatives and volatility in commodity prices are expected to hinder the market growth. Modified starch ingredients face competition from specialty ingredients used in limited applications

Impact of COVID 19 on the Modified Starch Market:

The current health crisis surrounding COVID-19 has affected the modified starch market. The level of impact on processed agricultural products depends largely on the seasonality of the harvest. Modified starch is made from crops like rice, wheat, corn / maize, tapioca, potatoes, etc. This culture takes 3-4 months to complete its life cycle. Major producers of raw materials, such as China, India, Europe, Russia, the United States, and Ukraine, were heavily influenced by the proliferation of COVID-19 and locks released to prevent pandemics. Therefore, the production of these crops is seriously affected by the lack of labor. To control the wide range of coronaviruses, many economies have declared a state of emergency, leading to the collapse of the transportation system. Manufacturers of deformed starch face several challenges, including raw material processing and raw material procurement due to labor costs, transportation, and shortage of distribution of final products. These factors are expected to have a short-term impact on the growth of the global modified starch market during the next two quarters of the current fiscal year.

Modified Starch Market Segmentation Analysis:

The corn segment based on raw materials is foreseen to witness continued demand in future. Corn is a staple food and is preferred worldwide due to its importance in the diet of many countries. Therefore, the fertilized corn starch market was the largest. Corn starch is also widely used in many food applications, further promoting market growth in the segment. One of the most important uses of cornstarch is to use it as a concentrate in liquid foods such as soups and sauces, gravy, and custard.

According to the application, the food and beverage sector is expected to grow faster during the forecast period. The food and beverage industry is expected to grow significantly in the coming years and lead the modified starch market. In the food sector, modified starch is used for functional applications as fat substitutes, texture improvers, nutritional products, high shear capacity, and temperature stability.

Depending on their function, thickeners accounted for most of the global modified starch market. The growth of the food industry and the increased indulgence of people are some of the main reasons that drive growth in this sector. In the food industry, thickeners are generally used to thicken sauces, puddings, sauces, and soups without changing their flavor.

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

North America has led the global market and has maintained a market share of over 40%. Canada is the second-largest contributor to the North American market due to increased demand for products in the animal feed sector. As awareness of the benefits of eating low-fat foods increases, one of the US producers of corn and corn starch is expected to fuel demand for fuel products in the region. To encourage investment in modified starch products and industries, government policies favorable to agricultural trade have created new growth opportunities in the Asia Pacific region. The Asia-Pacific region has been an important part of world production with high levels of development in emerging economies. Countries such as India, China, Japan, Korea, and Taiwan are the main contributors to GDP and, to some extent, depend on the agricultural sector for economic growth. The textile industry in the Asia Pacific region is also expected to have a positive impact on the global market.

Key Players in the Market:

Major key players in the Global Modified Starch Market are

  • Avebe UA
  • Archer Daniels Midland Company
  • Tate & Lyle PLC
  • Cargill Incorporated
  • Global Bio-Chem Technology Group Company Limited
  • Penford Corp
  • Ulrick and Short Ltd
  • Angel Starch & Food Pvt
  • Sanstar Bio-Polymers Ltd
  • Honest Derivatives Pvt. Limited
  • AGRANA Strke GmbH
  • Roquette Frres
  • Ingredion Incorporated
  • Universal Starch Chem Allied

1. Introduction                         

          1.1 Market Definition                

          1.2 Scope of the report             

          1.3 Study Assumptions             

          1.4 Base Currency, Base Year and Forecast Periods            

2. Research Methodology                    

          2.1 Analysis Design                  

          2.2 Research Phases                 

                   2.2.1 Secondary Research

                   2.2.2 Primary Research    

                   2.2.3 Data Modelling       

                   2.2.4 Expert Validation    

          2.3 Study Timeline          

3. Report Overview                   

          3.1 Executive Summary             

          3.2 Key Inferencees                  

4. Market Dynamics                            

          4.1 Impact Analysis                  

                   4.1.1 Drivers         

                   4.1.2 Restaints     

                   4.1.3 Opportunities         

          4.2 Regulatory Environment                

          4.3 Technology Timeline & Recent Trends               

5. Competitor Benchmarking Analysis                     

          5.1 Key Player Benchmarking               

                   5.1.1 Market share analysis       

                   5.1.2 Products/Service    

                   5.1.3 Regional Presence   

          5.2 Mergers & Acquistion Landscape             

          5.3 Joint Ventures & Collaborations               

6. Market Segmentation                      

          6.1 Modified Starch Market, By Raw Material            

                   6.1.1 Potato

                   6.1.2 Cassava       

                   6.1.3 Corn  

                   6.1.4 Wheat

                   6.1.5 Market Size Estimations & Forecasts (2022 - 2027) 

                   6.1.6 Y-o-Y Growth Rate Analysis       

                   6.1.7 Market Attractiveness Index       

          6.2 Modified Starch Market, By Application              

                   6.2.1 Bakery & Confectionery    

                   6.2.2 Beverages    

                   6.2.3 Processed Foods    

                   6.2.4 Market Size Estimations & Forecasts (2022 - 2027) 

                   6.2.5 Y-o-Y Growth Rate Analysis       

                   6.2.6 Market Attractiveness Index       

          6.3 Modified Starch Market, By Function                  

                   6.3.1 Thickeners   

                   6.3.2 Stabilizers    

                   6.3.3 Binders        

                   6.3.4 Emulsifiers   

                   6.3.5 Market Size Estimations & Forecasts (2022 - 2027)  

                   6.3.6 Y-o-Y Growth Rate Analysis       

                   6.3.7 Market Attractiveness Index       

7. Geographical Landscape                            

          7.1 Global Identity Governance and Administration Market, by Region              

          7.2 North America - Market Analysis (2022 - 2027)         

                   7.2.1 By Country   

                             7.2.1.1 USA

                             7.2.1.2 Canada

                   7.2.2 By Raw Material      

                   7.2.3 By Application        

                   7.2.4 By Function  

          7.3 Europe            

                   7.3.1 By Country   

                             7.3.1.1 UK

                             7.3.1.2 France

                             7.3.1.3 Germany

                             7.3.1.4 Spain

                             7.3.1.5 Italy

                             7.3.1.6 Rest of Europe

                   7.3.2 By Raw Material      

                   7.3.3 By Application        

                   7.3.4 By Function  

          7.4 Asia Pacific               

                   7.4.1 By Country   

                             7.4.1.1 China

                             7.4.1.2 India

                             7.4.1.3 Japan

                             7.4.1.4 South Korea

                             7.4.1.5 South East Asia

                             7.4.1.6 Australia & NZ

                             7.4.1.7 Rest of Asia-Pacific

                   7.4.2 By Raw Material      

                   7.4.3 By Application        

                   7.4.4 By Function  

          7.5 Latin America            

                   7.5.1 By Country   

                             7.5.1.1 Brazil

                             7.5.1.2 Argentina

                             7.5.1.3 Mexico

                             7.5.1.4 Rest of Latin America

                   7.5.2 By Raw Material      

                   7.5.3 By Application        

                   7.5.4 By Function  

          7.6 Middle East and Africa         

                   7.6.1 By Country   

                             7.6.1.1 Middle East

                             7.6.1.2 Africa

                   7.6.2 By Raw Material      

                   7.6.3 By Application        

                   7.6.4 By Function  

8. Key Player Analysis                         

          8.1 Archer Daniels Midland Company             

                   8.1.1 Business Description        

                   8.1.2 Products/Service    

                   8.1.3 Financials     

                   8.1.4 SWOT Analysis       

                   8.1.5 Recent Developments       

                   8.1.6 Analyst Overview    

          8.2 Tate & Lyle PLC         

          8.3 Cargill Incorporated             

          8.4 Global Bio-Chem Technology Group Company Limited           

          8.5 Ulrick and Short Ltd            

          8.6 Penford Corp             

          8.7 Angel Starch & Food Pvt                

          8.8 Sanstar Bio-Polymers Ltd              

          8.9 Honest Derivatives Pvt. Limited               

          8.10 Ingredion Incorporated                

9. Market Outlook & Investment Opportunities                            

Appendix                        

          List of Tables                  

          List of Figures                 

 
  1. Global Modified Starch Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Modified Starch Market By Raw Material, From 2022 - 2027 ( USD Billion )
  3. Global Potato Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Cassava Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Corn Market By Region, From 2022 - 2027 ( USD Billion )
  6. Global Wheat Market By Region, From 2022 - 2027 ( USD Billion )
  7. Global Modified Starch Market By Application, From 2022 - 2027 ( USD Billion )
  8. Global Bakery & Confectionery Market By Region, From 2022 - 2027 ( USD Billion )
  9. Global Beverages Market By Region, From 2022 - 2027 ( USD Billion )
  10. Global Processed Foods Market By Region, From 2022 - 2027 ( USD Billion )
  11. Global Modified Starch Market By Function, From 2022 - 2027 ( USD Billion )
  12. Global Thickeners Market By Region, From 2022 - 2027 ( USD Billion )
  13. Global Stabilizers Market By Region, From 2022 - 2027 ( USD Billion )
  14. Global Binders Market By Region, From 2022 - 2027 ( USD Billion )
  15. Global Emulsifiers Market By Region, From 2022 - 2027 ( USD Billion )

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