Meticulous Research®, a global leader in market research, has issued a new report titled “Modified Starch Market Size, Share, Forecast, Trends Analysis by Product Type (Acetylated Distarch Adipate, Dextrin, Maltodextrin), Raw Material (Corn, Cassava), Production Method (Chemical), Function, Form, End-use Industry - Global Forecast to 2031.”
The report forecasts that the modified starch market will expand to $17.98 billion by 2031, growing at a CAGR of 4.1% from 2024 to 2031.
The market’s growth is propelled by the increasing demand for convenience and processed foods, the expanding applications of modified starch, significant investments in the starch industry, and the growing demand for bio-based products. Technological advancements in starch modification are also contributing to the market's growth. However, challenges such as the high cost of natural additives and a preference for alternatives like gum arabic may limit the market's expansion.
Opportunities for growth are expected to emerge from the increasing demand for starch-based bioplastics and the expanding markets in Latin America, Asia-Pacific, and the Middle East Africa. Nonetheless, the market faces challenges from stringent regulatory approvals and rising raw material costs.
The market is segmented by product type (including acetylated distarch adipate, maltodextrin, hydroxypropyl distarch phosphate, pre-gelatinized starch, and others), raw material (corn, cassava, potato, wheat), production method (chemical, physical, and enzymatic modification), function (thickener, binder, stabilizer, emulsifier), form (dry/powder and liquid), and end-use industry (food beverage, animal nutrition, textiles, cosmetics, pharmaceuticals, papermaking). The report also provides a regional analysis covering North America, Europe, Latin America, Asia-Pacific, and the Middle East Africa.
Among the product types, acetylated distarch adipate is expected to hold the largest market share of 28.8% by 2024, driven by its application as a thickener and stabilizer in the food beverage industry. Corn is anticipated to lead the raw material segment with a 47.8% share, due to its versatility and cost-effectiveness. The chemical modification method is expected to dominate the production method segment with a 66.9% share, owing to its ability to enhance starch's functional properties. The thickener function segment is projected to hold the largest share of 45.2%, reflecting the demand for modified starches in achieving desired food textures. The dry/powder form is expected to capture a 64.5% market share, driven by its ease of use and stability. The food beverage industry is forecasted to lead the end-use industry segment with a 50.8% share, supported by the rising demand for convenience foods.
Geographically, North America is projected to account for the largest market share of 38.1% in 2024, followed by Europe and Asia-Pacific. The North American market is expected to reach $5.16 billion by 2024, supported by the established food beverage industry and growing demand for sustainable ingredients.
Key Players
The modified starch market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the modified starch market are Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Archer-Daniels-Midland Company (U.S.), Roquette Frères (France), Tate Lyle Plc (U.K.), AGRANA Beteiligungs-AG (Austria), Royal Avebe (Netherlands), Emsland-Stärke GmbH (Germany), Grain Processing Corporation (U.S.), Global Bio-chem Technology Group Company Limited (China), Asia Fructose Co., Ltd. (Thailand), Angel Starch and Foods Pvt. Ltd. (India), SMS Corporation Co., Ltd. (Thailand), Royal Ingredients Group B.V. (Netherlands), and SPAC Starch Products Ltd. (India) Private Limited (India).
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Key Questions Answered in the Report:
- What is the current revenue generated from the modified starch market?
- At what rate is the global demand for modified starch projected to grow for the next 5-7 years?
- What is the historical market size and growth rate for the modified starch market?
- What are the major factors impacting the growth of this market at global and regional levels?
- What are the major opportunities for existing players and new entrants in the market?
- Which product type, raw material, production method, function, form, and end-use industry segments are expected to create major traction for the manufacturers in this market?
- What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the modified starch market?
- Who are the major players in the modified starch market? What are their specific product offerings in this market?
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