Meticulous Research® Publishes Comprehensive Report on the Modified Starch Market
Meticulous Research®, a leading global market research company, has recently released an extensive research 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'.
Market Review
According to this latest publication from Meticulous Research®, the modified starch market is projected to reach $17.98 billion by 2031, growing at a CAGR of 4.1% from 2024 to 2031 . This market growth is primarily driven by:
- Increasing demand for convenience & processed foods
- Functional properties & widening applications of modified starch in the food industry
- Rising investments in the starch market
- Growing demand for bio-based products
- Technological advancements in starch modification equipment
- rapid growth of the bakery industry
However, challenges such as limited sources and high costs of natural additives and a strong preference for gum arabic are restraining market growth. Additionally, stringent regulatory processes for product approval and rising raw material costs present further challenges.
Market Opportunities
Emerging economies in Latin America, Asia-Pacific, and the Middle East & Africa, along with increasing demand for starch-based bioplastics, are expected to offer significant growth opportunities.
Competitive Landscape
The modified starch market is moderately competitive, with several global, regional, and local players. Key market players include:
Cargill, Incorporated (US), Ingredion Incorporated (US), Archer-Daniels-Midland Company (US), Roquette Frères (France), Tate & Lyle Plc (UK), AGRANA Beteiligungs-AG (Austria), Royal Avebe (Netherlands) , Emsland-Stärke GmbH (Germany), Grain Processing Corporation (US), 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 BV (Netherlands), SPAC Starch Products Ltd. (India)
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Market Segmentation
- Product Type
Hydroxypropyl Distarch Phosphate, Pre-gelatinized Starch, Distarch Phosphate, Cationic Starch, Functional Clean-label Starch, Acetylated Starch, Monostarch Phosphate, Hydroxypropyl Starch, Dextrin (Dextrinized Starch), Acetylated Distarch Phosphate, Octenyl Other Modified Starches, Succinic Anhydride (OSA) Starch, Phosphated Distarch Phosphate, In 2024, the acetylated distarch adipate segment is expected to hold the largest market share of 28.8%, driven by its extensive use in the food & beverage industry.
- Raw Material
- Corn
- Cassava
- Potato
- Wheat
- Other Raw Materials
The corn segment is anticipated to account for the largest share of 47.8% in 2024 due to its versatility and cost-effectiveness.
- Production Method
- Chemical Modification
- Physical Modification
- Enzymatic Modification
Chemical modification is projected to dominate the market with a 66.9% share in 2024, due to its ability to tailor starch properties for diverse industrial applications.
- Function
- thickener
- Binders
- Stabilizer
- emulsifier
- Other Functions
The thickener segment is expected to lead the market with a 45.2% share in 2024, owing to its significant benefits in the food & beverage sector.
- Form
- Dry/Powder
- Liquid
Dry/powder form is expected to dominate with a 64.5% market share in 2024, due to its better homogeneity and ease of use.
- End-use Industry
- Food & Beverages
- Animal Nutrition
- Textiles
- Cosmetics & Personal Care
- Pharmaceuticals
- Papermaking
- Other End-use Industries
The food & beverage segment is anticipated to hold the largest share of 50.8% in 2024, driven by the high utilization of modified starches for their versatile functionalities.
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Geographical Analysis
The report provides a detailed analysis of key regions:
- North America (USA and Canada)
- Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific)
- Latin America (Brazil, Mexico, Argentina, and the Rest of Latin America)
- Middle East & Africa
North America is projected to lead the market with a 38.1% share in 2024, valued at USD 5.16 billion, due to its well-established food & beverage sector and growing demand for natural ingredients.
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Key questions answered in the report:
- Current revenue from the modified starch market
- Projected global demand growth rate for the next 5-7 years
- Historical market size and growth rate
- Major factors impacting market growth globally and regionally
- Major opportunities for market players
- Segments creating major traction for manufacturers
- Key geographical trends and growth opportunities
- Major players and their product offerings in the modified starch market
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