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The Global Modified Starch Market size is forecast to increase by USD 2,862.71 million during the forecast period. The market is estimated to grow at a CAGR of 4.36% between 2022 and 2027. The growth of the market depends on several factors, including increasing demand for modified starch as thickeners, high demand for cornstarch as a less expensive alternative, and an increase in R&D activities associated with modified starches.
Modified starch or starch derivative refers to the derivative obtained by treating native starch by altering its properties. The properties of native starch are chemically, physically, and enzymatically treated to aid the production. They are used to enhance the performance of native starch in an array of applications. They are also used to increase the stability of starches against shear, the passage of time, freezing, heat, and acids.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
High demand for cornstarch as a less expensive alternative is a key factor driving the market share. The global market is experiencing significant growth due to the high demand for cornstarch in the food and beverage industry. Both corn and modified cornstarch find wide applications, and the abundant availability of corn in agriculture-rich countries like India and China further supports market expansion. Cornstarch serves as a gluten-free alternative to wheat in food applications, and its lower price compared to wheat or tapioca starches contributes to its popularity.
Besides being a thickening agent, cornstarch provides high energy, helps lower blood sugar, and offers excellent soothing and moisture-absorbing properties, making it suitable for cosmetic applications. Additionally, cornstarch finds diverse uses, such as cleaning stuffed animal toys, freshening musty books, and polishing silver, showcasing its versatility and boosting demand in the global market.
The use of novel technologies for the production and development is a key trend in the market. The global market has seen advancements in technologies for producing and developing physically modified starches, including cold-water-soluble or pregelatinized granular starch and granular cold-water-swellable (CWS) starch. For instant food applications, CWS starch with desired characteristics is prepared by cooking granular starch, avoiding some limitations of conventional pregelatinized starch produced through extrusion, spray drying, or roll drying. The new approach involves maintaining starch granule integrity while providing cold water thickening.
Another technology involves disrupting these granules, using controlled acid-catalyzed hydrolysis for cornstarch, creating a starch fat replacer with various applications, including frostings, margarine, salad dressings, and frozen novelties. However, some natural starches like cow cockle, amaranth, rice, and quinoa, which could serve as fat replacers, face challenges due to high production costs and purification difficulties, limiting their large-scale commercialization.
Increasing application of gum arabic as a substitute is a key challenge restraining the growth of the market. The growth of the global market is hindered by the use of gum arabic as a substitute. Gum arabic is a natural gum derived from the hardened sap of various acacia tree species. In the food and beverage industry, especially in confectionery products, gum arabic is utilized as an alternative. It prevents or delays the crystallization of sugar and emulsification of fat, and studies indicate that it offers superior stability in emulsions. Despite its extensive use in the food and beverage sector, substitutes like gum arabic pose a significant threat and may impede the market's growth during the forecast period.
The market revenue growth by the dry segment will be significant during the forecast period. Dry-modified starch is an important and useful component that is used in the preparation of a variety of food.
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The dry segment was valued at USD 7,928.30 million in 2017. The global market is expected to grow significantly due to the increasing consumer demand for processed foods in the coming years. Modified starch is used in many different industries, including food, paper, cosmetics, personal care, and textiles, due to its many benefits. It is used as a versatile additive in the personal hygiene and cosmetics industry. Manufacturers are formulating new cosmetics from organic ingredients, as the demand for natural cosmetics has increased in the past few years. Thus, increased demand for natural ingredients will boost the growth of the dry segment in the global market during the forecast period.
Based on end-user, the market is segmented into food and beverage, textile and paper, and others. The food and beverage segment dominates the market. The global market is driven by the utility of modified starch in the food and beverage industry. Its in the food industry varies, from providing stability to food products in frozen bottles to the preservation of food in cans. Its use offers a host of benefits, including enhanced cutability, viscosity, stability, and mouth feel. Therefore, the versatility of applications makes the food industry the largest market for market growth and expansion.
North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In North America, the demand for modified starch is expected to be moderate during the forecast period owing to the mature market conditions in the region. Glucose syrup is the most commonly used in North America. The demand for maltodextrin is also growing at a significant rate in the region. One of the major drivers for the market in North America is the availability of native starch in abundance in the region. North America is one of the leading producers of modified starch in the world. In addition, the US has witnessed an increasing demand for cornstarch owing to its cost-effectiveness. The US has also influenced the global corn supply chain for starch extraction under the bioethanol policy. Therefore, such factors will propel the growth of the regional market during the forecast period.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Samyang- The company offers modified starches through its subsidiary Nutrend Biotech Co. Ltd.
This market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Angel Starch and Food Pvt. Ltd., Archer Daniels Midland Co., Beneo GmbH, Cooperatie Koninklijke Avebe U.A., Emsland Starke GmbH, Everest Starch India Pvt. Ltd., Global Bio chem Technology Group Co. Ltd., Grain Processing Corp., Ingredion Inc., Qingdao CBH Co. Ltd., Roquette Freres SA, SAMYANG HOLDINGS Corp., Shubham Starch Chem Pvt. Ltd., SMS Corp. Co. Ltd., SPAC Starch Products India Pvt. Ltd., Sudzucker AG, Tate and Lyle Plc, Universal Starch Chem Allied Ltd., AGRANA BEteilgungs AG, and Cargill Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is thriving globally, with significant demand driven by factors such as changing dietary habits, food additive preferences, and agricultural policy shifts. Countries like Australia, California, and New Zealand are witnessing increased consumption due to their focus on health and wellness, further fueled by the rise of functional food and nutraceutical trends. The market has seen a surge in demand for ready-to-drink and diet food options, leading to innovation in fast-food and restaurant offerings. Customer satisfaction remains paramount, with manufacturers leveraging ISO 9000 standards to ensure quality and consistency. Regulatory compliance, including adherence to the California Consumer Privacy Act and General Data Protection Regulation, is crucial in a globalized market. Modified starches find applications across various industries, from pharmaceutical to building material, highlighting their versatility and importance in meeting the diverse needs of the world population.
This market growth and trends report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Modified Starch Market Scope |
|
Report Coverage |
Details |
Page number |
166 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
Market growth 2023-2027 |
USD 2,862.71 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.95 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 35% |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Archer Daniels Midland Co., Beneo GmbH, Cooperatie Koninklijke Avebe U.A., Emsland Starke GmbH., Global Bio chem Technology Group Co. Ltd., Grain Processing Corp., Ingredion Inc., Qingdao CBH Co. Ltd., Roquette Freres SA, SAMYANG HOLDINGS Corp., Shubham Starch Chem Pvt. Ltd., SMS Corp. Co. Ltd., Sudzucker AG, Tate and Lyle Plc, AGRANA BEteilgungs AG, and Cargill Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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