Global Modified Starch Market

As per the latest Renub Research report by titled “Global Modified Starch Market Report by Raw Material (Corn, Wheat, Cassava, Others), Products (Starch Esters Ethers, Resistant, Cationic, Pre-Gelatinized, Others), Form (Dry, Liquid), Function (Thickeners, Stabilizers, Binders, Emulsifiers, Others), End-Use (Food Beverage, Animal Feed, Paper, Pharmaceutical, Textiles, Others), Regions and Company Analysis 2024-2032" Global Modified Starch Market size is foreseen to be about US$ 18.65 Billion by 2032. The CAGR for the market from 2024 to 2032 is 4.60%. Renub Research states that it amounted to US$ 12.44 Billion in 2023. Starch is one of the most common biodegradable polymers found in nature; the need within the global market for modified starch has been growing. Modified starch is used in various industrial applications due to its functional properties. It is formed by physicochemical or morphological changes in the structure of native starch via its treatment with acids, heat, alkalis, or enzymes. These improved heat resistance, water-holding capacity, binding characteristics, and thickening properties. Potato, wheat, maize, rice, and cassava are some of the primary raw materials of modified starches.

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Over the long term, with the global economy gradually improving and resulting in an expanded intake of convenience and processed foods, the market for modified starch, which finds substantial use in these food applications, is seeing increased demand, driving the overall market. Furthermore, the rise in the use of modified starch in pharmaceutical, cosmetics, and paper industries fuels the growth further. The newer potential sources of modified starch and its untapped applications represent significant opportunities for market expansion.

 Impact of COVID-19:

COVID-19 is an incomparable global public health emergency that has impacted almost every industry. Therefore, the COVID-19 pandemic stressed food supply chains, with bottlenecks in farm labor, processing, transport, logistics, and meaningful shifts in demand. Food supply chains showed remarkable resilience in the face of these stresses. The impact on the agricultural sectors, including potato, tapioca, corn, and wheat, followed by its intermediate product, such as starches, is marginal due to the government support that ensured the supply chain functioned smoothly in the face of the crisis by stabilizing the food systems, thereby supporting both food security and nutrition.

However, as the sales of cold drinks, beverages, and juices in the (FMCG) Fast-moving consumer goods sector are progressively picking up speed, a strong need for glucose was observed to keep the modified starches market growth COVID-19. Besides, the pharmaceuticals industry has also been encouraging the demand for glucose, accounting for adequate stocking by the healthcare and hospitals institutions for dealing with any eventuality of the COVID-19 pandemic and the lockdown norms.

The food beverages end-users accounts for the largest share:

Based on End- Users, Modified starches include Food and Beverage, Animal feed, Paper Pharmaceuticals, Textiles, and Others. Modified starches are widely utilized in the food beverage industry as stabilizing agents, thickening agents, or emulsifying agents due to their partially digestible nature and quality of gluten-free, thus providing lower fat than regular starches. The demand for modified starches enables the rapid development of the food industry. Modified starches present many valuable benefits to various foods like snacks, beverages, bakeries, and nutritional foods. At the same time, manufacturers have also been readily inculcating the clean label trend in their modified starch products to gain market share.

Likewise, the paper-making industry is another primary end-user of modified starches, owing to their binding property for manufacturing high strength and enhanced quality paper with appropriate coating, surface sizing, and calendaring. In addition, animal feed, textile, pharmaceutical, cosmetics, and other industries also use modified starch.

North America led the modified starches market:

Geographically, North America holds the largest modified starches market. Owning to growing awareness about the advantages of consuming low-fat food fuels the modified starches product demand in the region, particularly in the United States, as it is one of the world’s leading corn and corn starch producers. After the United States, Canada is the second-highest supporter of the North American modified starches market due to growing product demand in the animal feed sector.

Similarly, favorable government approaches in agriculture trade to enable modified starch products, and investments in the industry have created new growth prospects in the Asia Pacific region. Countries such as China, Japan, South Korea, India, and Taiwan rely on the agriculture sector for economic growth because it contributes to their GDP. Further, the textile industry in this region is also anticipated to impact the global Modified starch industry positively.

Key Companies:

The global modified starch industry is fragmented into players like Archer Daniels Midland Company, Tate and Lyle, Atlia Group, Tereos Group, Cargill Inc, Ingredion Inc, Sudzucker AG, Global Bio-Chem Technology Group Company Limited.

Market Summary:

• Raw Material - Renub Research Report covered Modified Starch Market by Segments in the 5 viewpoints (Corn, Rice, Mazi, wheat, and cassava)
• Region – Our Report has been covered by region from 5 viewpoints (North America, Europe, Asia-Pacific, Latin America and Middle East)
• End use – This Report has been covered by End Use from 5 viewpoints (Food and Beverage, Animal feed, Paper Pharmaceuticals, Textiles, and Others)
• All the major players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Archer Daniels Midland Company, Tate and Lyle, Atlia Group, Tereos Group, Cargill Inc, Ingredion Inc, Sudzucker AG, Global Bio-Chem Technology Group Company Limited.

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