Product Code: SMRC21552
According to Stratistics MRC, the Global Modified Starch Market is accounted for $13.30 billion in 2021 and is expected to reach $18.84 billion by 2028 growing at a CAGR of 5.1% during the forecast period. Modified starch is formed by morphological or physicochemical changes in the structure of native starch via its treatment with heat, acids, alkalis, or enzymes. Modified starch provides functional properties such as texture, taste, and thickness in processed food, and increases the shelf life of food items.
Market Dynamics:
Driver:
Increasing demand from cosmetic industries
Modified starch is utilized in many industries such as food, textiles, paper making, cosmetics, and personal care. Modified starch is a multifunctional additive used in the cosmetics and personal care industry. The trend for natural cosmetic products is rising, and manufacturers are developing new cosmetic products using natural ingredients such as modified starch.
Restraint:
Fluctuations in the raw material prices
The volatility in commodity prices is likely to restrain the market growth. The production of cassava depends on climatic conditions. Unfavorable climatic conditions hamper the overall production and ultimately impact the supply chain of cassava. The prices of cassava fluctuate according to the overall production.
Opportunity:
Rising investments in the starch market
Suppliers have been expanding their starch sources, while starch innovations are centered on elements within baked foods. The growing number of starch manufacturers has been investing in the starch and sweeteners market in many countries to support the local economy and community while positioning the business for long-term growth. So, the increasing investment in modified starch production to cater to the demand is likely to provide ample opportunities for market growth.
Threat:
Approval from many regulatory bodies
Many countries are the most lenient in their regulations about health claims that may be utilized for modified starch. The regulatory body's laws and enforcements in the industry play a very important role in the business planning of the company. Such bodies comply with rules and regulations needed to be maintained in the particular market. The government makes such laws in order to maintain a balance in the manufacturing and supply of goods. Manufacturers and distributors face challenges in production & distribution owing to these strict laws & regulations.
The food & beverages segment is expected to be the largest during the forecast period
The food & beverages segment is estimated to have a lucrative growth owing to the working population with a busy and continuously changing lifestyle demands convenience food. Working professionals prefer ready-to-eat foods or snacks because of their busy schedules. Modified starch is used in various convenience food products, including ready-to-mixes and eats, bakery products, etc.
The weaving & textiles segment is expected to have the highest CAGR during the forecast period
The weaving & textiles segment is anticipated to witness the fastest CAGR growth during the forecast period as starch is highly used for textile sizing in the textile industry, particularly for manufacturing cotton yarn. It is ideal for the sizing of coarse and medium-count yarns.
Region with highest share:
North America is projected to hold the largest market share during the forecast period due to the increased demand for products in the animal feed sector, and booming manufacturing sectors, ranging from textiles to the cosmetics industry. As awareness of the benefits of eating low-fat foods increases, one of the US producers of corn and corn starch is likely to fuel demand for fuel products in the region.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period owing to the rise in demand for modified starches in several developing regions and an increase in industrialization. The Asia-Pacific starch industry has a range of starch offerings, ranging from native to modified and liquid and solid sweeteners.
Key players in the market
Some of the key players profiled in the Modified Starch Market include Tereos, Angel Starch Food Pvt. Ltd., SPAC Starch, Avebe U.A, Shubham Starch Chem Pvt Ltd., Roquette Freres, Qindao CBH Company, Ingredion, Gromotech Agrochem Pvt. Ltd., Emsland, Cargill, Global Bio-Chem Technology Group, Archer Daniels Midland Company (ADM), SMS Corporation, AGRANA and Tate & Lyle.
Key Developments:
In April 2021, Ingredion acquired KaTech to expand its Food Systems platform with a comprehensive suite of innovative solutions that assist food and beverage manufacturers with product formulation, ingredient functionality and technical assistance.
In May 2020, Archer Daniels Midland Company (ADM) and Marfrig made a joint venture to create PlantPlus Foods, a joint venture for the sale of plant-based food products, including the food-grade starches across South American and North American markets.
Brands Covered:
- Resistamyl
- Pure Gel
- Farinex
- Emden
- Clearam
Forms Covered:
Raw Materials Covered:
- Yam
- Wheat
- Tapioca
- Sago
- Potato
- Maize/Corn
- Cassava
- Other Raw Materials
Functions Covered:
- Thickeners
- Stabilizers
- Emulsifiers
- Disintegrant
- Binders
Modification Types Covered:
- Physically Modified Starch
- Enzyme Modified Starch
- Chemical Modified Starch
- Resistant Starch
- Acetylated Starch
Sales Channels Covered:
- Direct Channel
- Distribution Channel
Applications Covered:
- Cosmetic and Personal Care
- Packaging
- Corrugation and Papermaking
- Petroleum Industry
- Industrial
- Food & Beverages
- Medicines & Pharmaceuticals
- Animal Feed
- Plastic Industry
- Weaving & Textiles
- Other Applications
Production Methods Covered:
- Chemical Methods
- Physical Methods
Regions Covered:
- North America
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Modified Starch Market, By Brand
- 5.1 Introduction
- 5.2 Resistamyl
- 5.3 Pure Gel
- 5.4 Farinex
- 5.5 Emden
- 5.6 Clearam
6 Global Modified Starch Market, By Form
- 6.1 Introduction
- 6.2 Gel
- 6.3 Powder
- 6.4 Liquid
7 Global Modified Starch Market, By Raw Material
- 7.1 Introduction
- 7.2 Yam
- 7.3 Wheat
- 7.4 Tapioca
- 7.5 Sago
- 7.6 Potato
- 7.7 Maize/Corn
- 7.8 Cassava
- 7.9 Other Raw Materials
- 7.9.1 Rice
- 7.9.2 Tubers
- 7.9.3 Rice Bran
8 Global Modified Starch Market, By Function
- 8.1 Introduction
- 8.2 Thickeners
- 8.3 Stabilizers
- 8.4 Emulsifiers
- 8.5 Disintegrant
- 8.6 Binders
9 Global Modified Starch Market, By Modification Type
- 9.1 Introduction
- 9.2 Physically Modified Starch
- 9.2.1 Non-Hydrothermal
- 9.2.2 Hydrothermal
- 9.3 Enzyme Modified Starch
- 9.3.1 Anionic Starch
- 9.3.2 Dextrin Starch
- 9.3.3 Oxidized Starch
- 9.3.4 Thinned Starch
- 9.3.5 Pregelatinized Starch
- 9.3.6 Cationic Starch
- 9.4 Chemical Modified Starch
- 9.4.1 Esterified Starch
- 9.4.2 Etherified Starch
- 9.4.3 Cross-Linked Starch
- 9.4.4 Grafted Starch
- 9.5 Resistant Starch
- 9.6 Acetylated Starch
10 Global Modified Starch Market, By Sales Channel
- 10.1 Introduction
- 10.2 Direct Channel
- 10.3 Distribution Channel
11 Global Modified Starch Market, By Application
- 11.1 Introduction
- 11.2 Cosmetic and Personal Care
- 11.2.1 Powders
- 11.2.2 Dry Shampoos
- 11.2.3 Creams & Lotions
- 11.2.4 Anhydrous Products
- 11.2.5 Cleansing Products
- 11.2.6 Antiperspirants
- 11.2.7 Color Cosmetics
- 11.3 Packaging
- 11.4 Corrugation and Papermaking
- 11.5 Petroleum Industry
- 11.6 Industrial
- 11.6.1 Foundry
- 11.6.2 Cardboard
- 11.6.3 Adhesives
- 11.7 Food & Beverages
- 11.7.1 Processed Foods
- 11.7.2 Meat & Poultry
- 11.7.3 Frozen Food
- 11.7.4 Convenience Food
- 11.7.5 Dairy Products
- 11.7.6 Beverages
- 11.7.7 Canned Foods
- 11.7.8 Flavor Encapsulation
- 11.7.9 Bakery & Confectionery Products
- 11.7.10 Other Food Applications
- 11.7.10.1 Snacks
- 11.7.10.2 Dressings
- 11.7.10.3 Sauces
- 11.7.10.4 Desserts
- 11.7.10.5 Cereals
- 11.8 Medicines & Pharmaceuticals
- 11.8.1 Tablet Superdieintegrant
- 11.8.2 Plasma Volume Expander
- 11.8.3 Controlled/Sustained Release Polymer
- 11.8.4 Pharmaceutical Excipient
- 11.9 Animal Feed
- 11.9.1 Swine Feed
- 11.9.2 Ruminant Feed
- 11.9.3 Pet Food/Cattle Feed
- 11.9.4 Compound Feed
- 11.9.5 Poultry Feed
- 11.9.6 Bulk Ingredient for On-farm Formulation
- 11.9.7 Other Feed Applications
- 11.9.7.1 Aquafeed
- 11.9.7.2 Rabbit Feed
- 11.10 Plastic Industry
- 11.11 Weaving & Textiles
- 11.12 Other Applications
- 11.12.1 Mining & Drilling
- 11.12.2 Construction & Building
- 11.12.3 Chemicals & Detergents
12 Global Modified Starch Market, By Production Method
- 12.1 Introduction
- 12.2 Chemical Methods
- 12.2.1 Oxidation
- 12.2.2 Genetic Modifications
- 12.2.3 Etherification & Esterification
- 12.2.4 Acid Hydrolysis/Treatment
- 12.2.5 Dual Modification
- 12.2.6 Cross-Linking
- 12.2.7 Acetylation
- 12.2.8 Enzymatic Modifications
- 12.2.9 Cationization
- 12.3 Physical Methods
- 12.3.1 Ultra High Pressure Treatment
- 12.3.2 Thermal Inhibition
- 12.3.3 Retrogradation
- 12.3.4 Osmotic-Pressure Treatment
- 12.3.5 Heat-Moisture Treatment
- 12.3.6 Gelatinization
- 12.3.7 Freezing
- 12.3.8 Annealing
- 12.3.9 Glow Discharge Plasma Treatment
13 Global Modified Starch Market, By Geography
- 13.1 Introduction
- 13.2 North America
- 13.2.1 US
- 13.2.2 Canada
- 13.2.3 Mexico
- 13.3 Europe
- 13.3.1 Germany
- 13.3.2 UK
- 13.3.3 Italy
- 13.3.4 France
- 13.3.5 Spain
- 13.3.6 Rest of Europe
- 13.4 Asia Pacific
- 13.4.1 Japan
- 13.4.2 China
- 13.4.3 India
- 13.4.4 Australia
- 13.4.5 New Zealand
- 13.4.6 South Korea
- 13.4.7 Rest of Asia Pacific
- 13.5 South America
- 13.5.1 Argentina
- 13.5.2 Brazil
- 13.5.3 Chile
- 13.5.4 Rest of South America
- 13.6 Middle East & Africa
- 13.6.1 Saudi Arabia
- 13.6.2 UAE
- 13.6.3 Qatar
- 13.6.4 South Africa
- 13.6.5 Rest of Middle East & Africa
14 Key Developments
- 14.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 14.2 Acquisitions & Mergers
- 14.3 New Product Launch
- 14.4 Expansions
- 14.5 Other Key Strategies
15 Company Profiling
- 15.1 Tereos
- 15.2 Angel Starch Food Pvt. Ltd.
- 15.3 SPAC Starch
- 15.4 Avebe U.A
- 15.5 Shubham Starch Chem Pvt Ltd.
- 15.6 Roquette Freres
- 15.7 Qindao CBH Company
- 15.8 Ingredion
- 15.9 Gromotech Agrochem Pvt. Ltd.
- 15.10 Emsland
- 15.11 Cargill
- 15.12 Global Bio-Chem Technology Group
- 15.13 Archer Daniels Midland Company (ADM)
- 15.14 SMS Corporation
- 15.15 AGRANA
- 15.16 Tate & Lyle