The Global Modified Starch Market size is expected to reach USD 17.38 Billion in 2030 and register a revenue CAGR of 3% over the forecast period, according to the latest report by Reports and Data. Increasing usage of modified starch such as thickener, texture agent, fat replacer, and emulsifier and rising investments in Research Development (RD) activities in this industry are factors driving modified starch market revenue growth.
Starch is the main component of roots and cereal grains and is used in various industries such as food beverages, paper, textile, and others. Modified starch is developed to eliminate undesirable properties of native starch. It also affects the properties of dough and quality of bread. Increasing demand for processed food is resulting in increased demand for modified starch, which is expected to boost market revenue growth over the forecast period. Modified starch is a significant ingredient that is used to make ready to eat and easy to cook food products. Modified starch when used in processed food products helps to enhance appearance and consistency, which further helps in preserving taste and increase shelf life of food products.
However, limited sources and unfavorable climatic condition hampers growth of the market to a significant extent. Starch is extracted from limited sources such as corn, cassava, wheat, potato, rice and others. Production of these starch such as cassava depends on strict weather conditions. Unfavorable climatic condition hinders production of cassava, which results in fluctuation in price of cassava in the market.
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The Modified Starch market investigation report assesses the global market for the Modified Starch industry and provides revenue and capability forecasts for the projected period of 2023-2030. The factors that drive the industry's growth are highlighted in the report. The report divides the Modified Starch market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Some of the Leading Market Players Are Listed Below:
- Cargill,
- Incorporated,
- Ingredion,
- Tate Lyle,
- Roquette,
- Avebe,
- Grain Processing Corporation,
- SPAC Group,
- Angel Starch Food Pvt. Ltd.,
- Universal Starch Chem Allied Ltd.,
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Market Segmentation:
By Function Outlook
- Thickeners
- Stabilizers
- Others
By Modification Outlook
- Physical Modification
- Chemical Modification
- Enzymatic Modification
By Application Outlook
- Food Beverage
- Animal Feed
- Industrial
By Raw Materials Outlook
- Corn
- Cassava
- Others
By Form Outlook
- Dry
- Liquid
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Modified Starch market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Modified Starch market.
The Global Modified Starch Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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