Modified Starch Market to See Explosive Progress to 2023 | Global Value USD 15.72 Million| 2.5 % CAGR

Modified Starch Market

The global Modified Starch Market is projected to reach USD 15.72 Million by 2028 from USD 12.90 Million in 2020, at a CAGR of 2.5% from 2021 to 2028.

LUTON, BEDFORDSHIRE, UNITED KINGDOM, November 21, 2023 /EINPresswire.com/ -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Modified Starch Market.

Present an overview of the Modified Starch Market, including historical trends and the current market scenario. Highlight key market indicators such as size, growth rate, and major players.

Modified starch refers to a versatile and processed form of starch derived from various plant sources, primarily corn, tapioca, wheat, or potato. The modification process alters the physical or chemical properties of the starch, enhancing its functionality for specific applications across diverse industries. This transformation is typically achieved through methods such as heat treatment, acid hydrolysis, or enzymatic conversion.

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Key Market Segments:

Modified Starch Market by Product, 2021-2028, (In USD Million)
• Starch Esters & Ethers
• Resistant
• Cationic

Global Market by Material, 2021-2028, (In USD Million)

• Corn
• Potato
• Cassava
• Wheat

Global Market by Function, 2021-2028, (In USD Million)

• Thickener
• Binder
• Stabilizer
• Emulsifier

Global Market by End-User, 2021-2028, (In USD Million)

• Food And Beverages
• Pharmaceuticals
• Textile Industry
• Paper Industry
• Animal Nutrition

Modified Starch Market Top Key Players:

The major players operating in the modified Starch global include Agrana Beteiligungs-AG, Archer Daniels Midland Company, Avebe U.A., Emsland-Starke GmbH, Global Bio-Chem Technology Group Co. Ltd., Cargill Inc., Sonish Starch Technology Ltd., Sheekharr Starch Pvt Ltd., Everest Starch India Pvt Ltd., Tereos, Global Bio-Chem Technology Group, Grain Processing Corporation, Tate & Lyle, Ingredion, Venus Starch Suppliers

Recent Developments:

• In April 2021, Ingredion Incorporated acquired KaTech (Germany). The acquisition helped the company 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 September 2020, Cargill invested USD 100 million in its sweetener plant, PT. Sorini Agro Asia Corporindo, in Pandaan, to build a wet corn mill and add a starch dryer to better serve the growing customer demand for corn-based starches, sweeteners and animal feed ingredients.

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Key Trends: Identify and analyze significant trends shaping the modified starch market. This may include the increasing demand for clean-label products, sustainable sourcing, and innovations in modified starch formulations.

Drivers and Challenges: Discuss the key factors driving market growth, such as the growing food and beverage industry, increased consumer awareness of healthier alternatives, and technological advancements. Address challenges, including fluctuating raw material prices and regulatory constraints.

Competitive Landscape: Present an in-depth analysis of major players in the modified starch market. Include company profiles, product portfolios, market share, and recent developments. Evaluate the competitive dynamics and strategies adopted by key market players.

Application Analysis: Examine the applications of modified starch in various industries. Highlight key sectors like food and beverages, pharmaceuticals, textiles, and paper, providing insights into the specific demands and trends within each segment.

Regulatory Environment: Discuss relevant regulations governing the production and use of modified starch. Address compliance standards and potential impacts on market dynamics.

Future Outlook: Offer a forward-looking perspective on the modified starch market. Discuss emerging opportunities, potential challenges, and trends that are likely to shape the industry in the coming years.

Regional Share Analysis:

Geographically, the modified Starch market is segmented into North America, South America, Europe, APAC and MEA.

• North America: includes the US, Canada, Mexico
• Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
• Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
• South America: includes Brazil, Argentina and Rest of South America
• Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA

North America led the global market of modified starch. North America shares 40% of the total market. Rising consumer awareness of the health benefits of eating low-fat foods is expected to drive product demand in the region, particularly in the United States, which is one of the world’s leading corn and corn starch producers. Because of rising product demand in the animal feed sector, Canada is the second-largest contributor in the North American market. In the Asia Pacific region, favourable government policies in agriculture trade have created new growth opportunities for modified starch products and investments in the industry.

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Key Analysis:

SWOT analysis: SWOT is a business tool to analyse internal and external factors that can affect your business. SWOT Analysis, also known as SWOT Matrix, helps you evaluate strengths, weaknesses, opportunities and threats that your company face by focusing on your strengths, minimizing threats, and taking the greatest possible advantage of opportunities available to you.

Value chain analysis: A Value Chain Diagram is a visual representation of a value chain, which is a set of activities that a business performs to deliver a valuable product or service for the market.

Supply Chain Analysis:In order to increase their profitability and returns on investments, participants in Modified Starch industries have recently started focusing on strengthening their relationships with their suppliers and fostering a sense of trust among them.

PEST analysis: PEST Analysis, short for Political, Economic, Social and Technological Analysis, is a strategic management tool used to assess the four external environmental factors. Each of the PEST factors may represent constraints or opportunities, depending on circumstances. They should periodically be identified, understood and analysed by the company so it can achieve optimum performance.

Research Methodology:

Research methodology is a structured and organized approach to gathering and examining information for a specific purpose. The two fundamental types of research methods are secondary research and primary research. In secondary research, data are collected from published sources like scholarly journals, books, and company websites. It can help provide a broad perspective on a subject and identify significant trends and patterns. On the other hand, primary research involves collecting original data through surveys, focus groups, and interviews. While primary research can provide more accurate and relevant information, it is often more time-consuming and expensive compared to secondary research. Each method has its advantages and limitations, and choosing the right approach depends on the research objectives and available resources.

Frequently Asked Questions Section

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