Growth Dynamics in the Modified Starch Market
Meticulous Research® has published a new report, Modified Starch Market Size, Share, Forecast, Trends Analysis by Product Type, Raw Material, Production Method, Function, Form, End-use Industry - Global Forecast to 2031,’ projecting that the global modified starch market will reach $17.98 billion by 2031, growing at a CAGR of 4.1% from 2024. The increasing demand for convenience foods, driven by changing consumer lifestyles, is a key factor propelling the market’s expansion. Modified starch’s functional properties, including its role as a thickener, stabilizer, and emulsifier, make it an essential ingredient in the food and beverage industry. Additionally, technological advancements and growing investments in the starch sector are supporting market growth. However, high costs of natural additives and the preference for gum arabic present challenges that may slow down growth.
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New Market Opportunities and Regulatory Challenges
Opportunities for market expansion are abundant, particularly in emerging economies such as Latin America, Asia-Pacific, and the Middle East Africa. These regions are experiencing increasing demand for bio-based products, including starch-based bioplastics. However, stringent regulatory processes and rising costs of raw materials pose significant challenges, limiting growth potential.
Key Segments by Product Type and Raw Material
Acetylated distarch adipate is expected to account for 28.8% of the market by 2024, driven by its widespread use in food and beverage products. Its functional properties, such as thickening and stabilizing, contribute to its leading position. Corn, as the leading raw material, will hold a 47.8% share due to its versatility and cost-effectiveness in producing modified starch.
Importance of Chemical Modification
In terms of production method, chemical modification is forecasted to lead the market with a 66.9% share by 2024. Chemical processes are highly effective in enhancing starch’s functional properties, making them suitable for diverse industrial applications. The thickener segment, with a projected 45.2% market share, remains critical in the food industry for its ability to provide texture and consistency.
Regional and Industry Breakdown
North America is expected to dominate the market with a 38.1% share in 2024, supported by its strong food and beverage sector. The food and beverage industry will continue to lead with a 50.8% share, driven by increasing demand for convenience foods and ready-to-eat products, where modified starches play a key role in improving texture and shelf life.
Conclusion
The modified starch market is set for continued growth, driven by rising demand for processed foods and new opportunities in emerging economies. Although challenges such as regulatory hurdles and rising raw material costs exist, advancements in starch modification and the expanding applications of modified starch in various industries provide a strong foundation for future growth.
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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).
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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