The global modified starch market is expected to be worth USD 13.9 billion in 2022. It is expected to reach USD 16.4 billion by 2031, representing a 3.3% CAGR during the forecast period.
In the area of food innovation, industrial processes, and sustainability, modified starch is a flexible and vital element. The Modified Starch Market is a dynamic and continuously changing industry that affects a wide range of sectors, including food & beverage, textiles, and paper manufacture.
Modified starch is starch generated from plants that have been changed or treated to affect its original characteristics. Physical, chemical, or enzymatic procedures can be used to improve certain features such as thickening, stabilization, or binding. It is often used in food items, medicines, and other sectors to improve the texture, consistency, and other properties of the finished product.
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Modified Starch Market Segmentation
By Source
- Corn
- Wheat
- Cassava
- Potato
- Other Sources
By Type
- Etherified Starch
- Pre-gelatinized Starch
- Resistant Starch
- Esterified Starch
- Other Types
Key Players
Emsland-Stärke GmbH, Grain Processing Corporation, Global Bio-Chem Technology Group Company Limited, Ingredion Incorporated, Roquette Frères, ADM, Agrana Beteiligungs AG, Avebe U.A., Cargill, Incorporated, Samyang Genex Corp., Beneo-Remy N.V., Siam Modified Starch Co., Ltd., China Essence Group Ltd., PT Budi Starch & Sweetener Tbk, Tate & Lyle PLC, ULRICK&SHORT, KMC (Kartoffelmelcentralen) Amb, Other Players
Modified Starch Market Trend
Customers in most industrialized nations consume convenience meals on a regular basis. Convenience meals need a significant amount of processing and preparation, which is facilitated by technological advances in preservation, packaging, freezing, and artificial flavorings and ingredients, among other things. Convenience meals are popular in North America and Europe, based on yearly consumption rates. People frequently lead busy and solitary lifestyles, leaving little time to cook their meals at home.
Globalization and the resulting changes in lifestyles have led to a growth in the intake of convenience foods in various nations worldwide, particularly in Asia’s expanding markets, resulting in a rise in demand for modified starch. Therefore, The versatility of significantly modified starches makes them suitable for a wide variety of food applications. They are highly used as food additives as they enhance texture, viscosity, gel formation, adhesion, binding, moisture retention, and film formation, which has enhanced the Modified Starch market CAGR globally in recent years.
Growth Driver
The market is expanding as a result of increased demand for modified starch in cosmetic, pharmaceutical, and personal care products to match changing customer preferences. Modified starches are effective raw material alternatives for silicones and other chemicals, while also reducing greasiness. Along with tanning cosmetics, they provide excellent additives to infant and children’s goods. Starches also enable the emulsion to become more stable. It is projected that these variables will drive increasing product demand in the next years.
Rice is a major starch-producing food crop. The worldwide market for rice starch is predicted to expand considerably during the forecast period due to increased demand in the culinary, pharmaceutical, cosmetic, and other sectors. As a result, the market under consideration is expected to expand due to increased investment in the production of modified starch to fulfill rising demand.
Market Opportunity
The sector provides an opportunity to generate modified starches with specific health benefits by capitalizing on popular trends like as functional foods and prebiotic ingredients, as health and wellness become increasingly important. Growing environmental concerns allow the industry to focus on ecologically friendly production processes, sustainable sourcing, and developing packaging solutions that disintegrate organically, all of which are consistent with global sustainability goals. As starch modification technologies advance, there will be several opportunities to improve the capabilities of modified starches and expand their adaptability across a variety of industries and applications.
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The rapid expansion of developing economies, notably in Latin America and Asia-Pacific, creates opportunities to expand into new markets. Because of increased urbanization and altering customer tastes, modified food starches are becoming increasingly popular in these locations. Collaboration with chefs and other culinary professionals can lead to the development and discovery of novel culinary applications for modified starches.
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