Global Modified Starch Market share is anticipated to be almost US$ 18.65 Billion by 2032. The CAGR for the modified starch market from 2024 to 2032 is 4.60%. The publisher states that it valued US$ 12.44 Billion in 2023.
"Modified starch" does not imply that it was created using genetically altered organisms or that it has undergone genetic modification. The starch taken from grains and vegetables that has undergone treatment to enhance its capacity to preserve the food's texture and structure is known as modified starch. In order to prevent the texture of food products from changing while they cook, modified starch is used in foods that must be microwaved, freeze-dried, cooked at high temperatures (such ready-made pizza, instant soup, and sauces), baked, or fried. Modified starches are frequently utilized as thickening, stabilizing, or emulsifying agents because they may have a number of benefits. Nevertheless, as compared to native starches, they exhibit poorer water retention qualities and a shorter shelf life, which lessens the technical benefits, in comparison to acacia gum and potential alternatives.
2. Wheat
3. Cassava
4. Others
2. Resistant
3. Cationic
4. Pre-Gelatinized
5. Others
2. Liquid
2. Stabilizers
3. Binders
4. Emulsifiers
5. Others
2. Animal Feed
3. Paper
4. Pharmaceutical
5. Textiles
6. Others
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
2. Ingredion Inc.
3. Archer Daniels Midland Company
4. Tate and Lyle
5. Associated British Foods plc,
6. Tereos Group
7. Sudzucker AG
8. Global Bio-Chem Technology Group Company Ltd.
"Modified starch" does not imply that it was created using genetically altered organisms or that it has undergone genetic modification. The starch taken from grains and vegetables that has undergone treatment to enhance its capacity to preserve the food's texture and structure is known as modified starch. In order to prevent the texture of food products from changing while they cook, modified starch is used in foods that must be microwaved, freeze-dried, cooked at high temperatures (such ready-made pizza, instant soup, and sauces), baked, or fried. Modified starches are frequently utilized as thickening, stabilizing, or emulsifying agents because they may have a number of benefits. Nevertheless, as compared to native starches, they exhibit poorer water retention qualities and a shorter shelf life, which lessens the technical benefits, in comparison to acacia gum and potential alternatives.
Global Modified Starch Market Growth Opportunities
- Convenience and processed food demand are driving the expansion of the modified starch industry. The increasing demand for these beneficial elements is a result of urbanization, dietary changes, and population expansion.
- Mintel reports that 94% of American adults said they ate snacks every day in the previous year, and this percentage is predicted to rise.
- Supermarket Guru stated that there is a nearly US$ 25 Billion market for fresh-prepared foods in the United States. This suggests that a lot of individuals are searching for convenient, prepared foods that are high in protein and health.
- The USDA also discovered that compared to all other families, single parents without a partner to assist with childcare spend 14% more on ready-to-eat meals.
- There has been a notable transformation in the uses and capabilities of modified starches to satisfy diverse consumer needs. Through physical, enzymatic, or chemical processes, modified starches can be produced from regular starches.
- Recent technological developments have enabled novel modifications to starches, including stabilization, fat replacement, texture improvement, and even encapsulation. Food, medicine, textiles, and other industries have all undergone revolutionary change as a result of these changes.
- These developments in technology have broadened the modified starch market and propelled it worldwide.
- In an effort to increase the market share of modified starch, manufacturers have also been actively incorporating the clean label trend into their products.
- In December 2020 - Beneo launched the first instant functional rice starch of its kind to assist bakers in leveraging the clean label movement.
North America Modified Starch Market
- The established food and beverage industry in North America is responsible for the region's substantial modified starch market share.
- The market for modified starch in North America is expanding due in part to consumer demand for more sustainable and natural ingredients.
- A poll conducted by the Organic Trade Association reveals that the 75 million Millennials in America are increasingly consuming organic food, and they are also ensuring that their families do the same. The largest demographic of organic consumers in America now consists of parents between the ages of 18 and 34.
- In July 2023 - In order to provide people with vegan cheese slices, Kraft has partnered with NotCo to enter the vegan cheese market. Whichever NotCheese variety you get, their slice will have slightly different ingredients. Chickpea protein, maltodextrin, coconut oil, and modified food starch serve as the foundation for all NotCheese variants. Together with lactic acid, they are all preservative-free and contain carrageenan, salt, and sorbic acid.
- Demand in the region is predicted to increase, particularly in the United States, which is one of the world's biggest producers of maize and corn starch, as consumers become more conscious of the health advantages of consuming low-fat foods.
- According to the USDA's National Agricultural Statistics Service (NASS), the US produced a record-breaking maize crop of more over 15.3 billion bushels in June 2023, despite worries about dry weather and drought conditions. In 2023, average corn yield performance differed significantly across the United States.
Global Modified Starch Industry News
Major players in the global modified starch market include Cargill Inc., Ingredion Inc., Archer Daniels Midland Company, Tate and Lyle, Associated British Foods plc, Tereos Group, Sudzucker AG, and Global Bio-Chem Technology Group Company Ltd.- In March 2023 - The purchase of Algaia SA, a manufacturer and expert of hydrocolloids and seaweed extracts produced responsibly, has been announced by the JRS Group, a prominent producer of functional substances derived from plant-based raw materials.
- In June 2023 - Food ingredients expert Loryma offers a clean-label, native adhesion starch derived from wheat that is not changed and does not require an E number. Because of its manufacturing method, Lory Starch Saphir pure is intended to be just as effective as traditional modified starches and offers good adhesive qualities for substrate coatings of all kinds.
- In October 2022 - Cargill has sold 50% of its interest in their joint venture, Cargill-AKV I/S, to AKV Langholt AmbA. The goal of the joint venture when it was established in 1987 was to manufacture and market cationic potato starches to the world's paper industry.
- In October 2022 - In place of meat and dairy, Roquette introduced an organic pea protein starch. Designed for both the US and EU markets, the new organic pea starch looks to be a great replacement in culinary applications. This is in line with the increasing need in the food business for plant-based alternatives that are both sustainable and organic.
- In September 2022 - To meet the need for feed, starch, and sweeteners in Asian nations, Cargill established a new maize mill in Pandaan, Indonesia.
Raw Materials - Market breakup in 4 viewpoints:
1. Corn2. Wheat
3. Cassava
4. Others
Products - Market breakup in 5 viewpoints:
1. Starch Esters & Ethers2. Resistant
3. Cationic
4. Pre-Gelatinized
5. Others
Form - Market breakup in 2 viewpoints:
1. Dry2. Liquid
Function - Market breakup in 5 viewpoints:
1. Thickeners2. Stabilizers
3. Binders
4. Emulsifiers
5. Others
End-Use - Market breakup in 6 viewpoints:
1. Food & Beverage2. Animal Feed
3. Paper
4. Pharmaceutical
5. Textiles
6. Others
Countries - Market breakup in 25 viewpoints:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Cargill Inc.2. Ingredion Inc.
3. Archer Daniels Midland Company
4. Tate and Lyle
5. Associated British Foods plc,
6. Tereos Group
7. Sudzucker AG
8. Global Bio-Chem Technology Group Company Ltd.
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary5. Global Modified Starch Market
4. Market Dynamics
6. Market Share - Global Modified Starch Analysis
7. Raw Material - Global Modified Starch Market
8. Product - Global Modified Starch Market
9. Form - Global Modified Starch Market
10. Function - Global Modified Starch Market
11. End Use - Global Modified Starch Market
12. Countries - Global Modified Starch Market
13. Porter’s Five Forces Analysis - Global Modified Starch Market
14. SWOT Analysis - Global Modified Starch Market
15. Key Players Analysis
List of Tables
List of Figures
Companies Mentioned
- Cargill Inc.
- Ingredion Inc.
- Archer Daniels Midland Company
- Tate and Lyle
- Associated British Foods plc,
- Tereos Group
- Sudzucker AG
- Global Bio-Chem Technology Group Company Ltd.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | May 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 12.44 Billion |
| Forecasted Market Value ( USD | $ 18.65 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
