The global modified starch market size is expected to reach USD 15.36 billion
by 2025 expanding at a CAGR of 5.7%, according to a new report by Grand View
Research, Inc. The global market is expected to grow significantly during the
forecast period on account of its consumption in numerous applications
including food & beverage, paper, pharmaceuticals, textile and other
applications, such as coatings, adhesives, and biodegradable polymers. Growing
concern regarding health and nutrition along with changing preference towards
healthy appetite is also likely to be a major factor driving the market.
Escalating demand for natural sweeteners in
energy drinks and non-carbonated soft drinks will increase the product
penetration over the forecast period. Companies are invest more in R&D for
the development of effective water soluble modified starches, resulting in dynamic
market conditions. In recent times, there has been a significant increase in
product innovation to gain access to markets and to avail synergetic benefits.
As a result, companies have increased their presence across the value chain by
integrating and diversifying their product portfolio. Companies, such as
Cargill, Inc., Ingredion Inc., and Roquette Frères are integrated across
different stages of the value chain.
High demand from Asia Pacific along with
rising consumption of convenience food is likely to augment market growth.
Technological advancements in India, China, and Brazil are also expected to
create new opportunities for industry growth. Moreover, government support to
promote natural ingredients will open new avenues over the next few years. Product
application in the textile industry is expected to drive the global modified
starch market.Increasing use of product, such as starch graft copolymers,
starch esters, starch ethers, and cationic starch, will drive this application
segment. These starches are used in printing and finishing applications in
textiles and have substituted polyvinyl alcohol.
Access Research Report of Modified Starch Market@
https://www.grandviewresearch.com/industry-analysis/modified-starch-market
Further key findings from the study suggest:
· The global modified starch market was
valued at USD 9.36 billion in 2016 and is anticipated to ascend at a CAGR of
5.7%
· In terms of value, food & beverage
application segment led the overall market in 2016 and held 37.6% of the global
share
· Cationic starch is expected witness
significant growth on account of their increasing usage in the paper and
textile industries
· Several companies including Archer Daniels
Midland Company and Cargill Inc. are investing heavily in R&D for the
development of advanced technologies
· Key market players include Cargill Foods;
The Archer Daniels Midland Company (ADM); Ingredion, Inc.; Tate & Lyle PLC;
and Roquette Frères
Grand View Research has segmented the
global modified starch market on the basis of product, material, function, end
use, and region:
Modified Starch Product Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Starch Esters and Ethers
·
Resistant Starch
·
Cationic Starch
·
Pregelatinized Starch
·
Others
Modified Starch Material Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Corn-based
·
Cassava-based
·
Wheat-based
·
Potato-based
·
Others
Modified Starch Function Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Stabilizers
·
Thickeners
·
Emulsifiers
·
Binders
·
Others
Modified Starch End-use Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Food & Beverage
·
Animal Feed
·
Paper
·
Pharmaceuticals
·
Textiles
·
Others
Modified Starch Regional Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
U.K.
o
Finland
o
Netherlands
·
Asia Pacific
o
China
o
India
o
Japan
o
Thailand
·
Central & South America
o
Brazil
·
MEA
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
