Modified Starch Market - Growth, Trends, Forecast (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||572812|
|出版日期||內容資訊||英文 100 Pages
|加工澱粉的全球市場:成長率，趨勢，預測(2020年∼2025年) Modified Starch Market - Growth, Trends, Forecast (2020 - 2025)|
|出版日期: 2020年04月01日||內容資訊: 英文 100 Pages||
Global Modified Starch market is forecasted to reach USD 13.18 billion by 2024 growing at a CAGR of 4.4% during the forecast period (2019 - 2024). The major sources for the modified starch industry are corn, potato, wheat, cassava, and tapioca. Corn is the dominant source for modified starch, while tapioca is the growing source of raw material for the industry. The food & beverage industry accounts for the largest market share. Growth in functional food products, clean label demand, and achieving cost reduction in the production process are the major factors driving the applications of modified starch in the food industry. The confectionery & beverage industry accounts for the major share, while functional food application is growing at a faster rate in the food & beverage industry.
Scope of the Report
The global modified starch market is segmented based on the form type and application. By application, the modified starch market is segmented into Food & Beverages, Personal Care, Pharmaceuticals, Textile, and Others. The other applications of modified starch include paper and corrugation, feed, construction adhesive.
Growing Number of Obese and Diabetic People
Globally, there is a significant increase in the obese population, specifically in the middle and low-income countries. In 2014, more than 1.9 billion adults were overweight, of which 600 million were obese. Globally, about 13% of the adults, aged 18 years, were obese in the same year. About 41 million children under the age of five years were found to be obese in 2014. Nearly 48% of the obese children (age below five years) lived in Asia-Pacific. The rate of obesity has a similar trend among women. The marketing of food companies plays an important role in the prevalence of obesity. About 18% of the population under the OECD region are obese. One in three adults in Mexico, New Zealand, and the United States, one in four in Canada, Australia, Chile, and Hungary are obese. The rate is quite low in Asia, with only 2-4% of the adults obese.
Asia-Pacific Remains the Fastest Growing Regions
The consumption pattern and developed economy in North America played a special role in triggering growth in the modified starch market. This region includes three major countries, namely, the United States, Canada, and Mexico. Among all the North American countries, the United States is clearly the dominating market. Innovation and developments of new products (such as n-octenyl succinic anhydride modified starch) and diversified applications of such modified starch products are also a reason for growth. The increasing scope for industrial applications and rapidly developing technology, especially in the subcontinent, have a positive impact on the Asia-Pacific modified starch market. Japan manufactures modified starches by using high technologies, which they have gained through cornstarch development.
The global modified starch market is highly concentrated among a few international players. The leading participants includes Cargill, ADM, Roquette, Sudzucker AG, Tate & Lyle, and Ingredion. ADM, Cargill Inc., Ingredion, Tate & Lyle are the most active companies in the modified starch market. New product launch, acquisition, and agreement/joint venture are the major strategies adopted by the companies in the modified starch market.