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The global modified starch market was valued at USD 14.7 billion in 2022, growing at a CAGR of 2.9% from 2023 to 2032. The market is expected to reach USD 19.5 billion by 2032. One of the main factors propelling the modified starch market's growth is the increased demand from modern customers for food products with obvious labels, useful features, and affordable costs.
Modified starch is a vital and useful ingredient in producing ready-to-eat food items. Due to its many benefits, modified starch is used in various industries, including food, papermaking, cosmetics, personal care, and textiles. Modified starch is a versatile ingredient used in the personal care and cosmetics industries. As the demand for natural cosmetics has increased over the past few years and is expected to keep on expanding in the years to come, manufacturers are creating new cosmetic products employing organic ingredients such as modified starch. Over the past few years, many worldwide fast-food restaurant chains have increased their operations in numerous countries, each with unique cuisine and product offers to satisfy consumer demand across numerous regions. Fast food restaurants frequently use modified starch to improve their food's flavour, taste, and texture, propelling product demand during the projection period.
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In April 2021, A significant Thai producer of food-grade tapioca starch, Starpro, and Cargill Inc. partnered. The cooperation aims to increase the availability of its tapioca starch products in the Asia Pacific region, support food makers' product processing requirements, and satisfy customers' sensory demands.
Numerous functional benefits- Numerous food products contain modified starches because they have significantly improved and enhanced functional characteristics compared to native starches. Numerous physical modification techniques, such as heat-moisture treatment and annealing, alter starches physically without destroying or gelatinizing the starch granules. The global market for modified starch is anticipated to grow due to the usage of modified starch in the food sector as a fat substitute, texture enhancer, and flavour encapsulator.
Price Fluctuations of raw materials- Fluctuations in prices of raw materials such as corn, wheat, tapioca, and rice are projected to stymie market expansion. The cost of raw materials increases due to the increasing transportation costs and changing climatic conditions.
Increased spending on research and development- Introducing new and creative goods worldwide has increased the need for food additives. Government and non-government organizations are spending more money on research and development operations. This fuels the worldwide industry and opens up new potential for modified starch. Introducing fresh, cutting-edge products in the food and beverage, personal care and cosmetics, and animal feed sectors provides growth opportunities for the market.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the largest market for the global modified starch market, with a 46.7% market revenue share in 2022.
India, Taiwan, Japan, South Korea, and China are among the nations in this region that primarily rely on agriculture for economic growth, causing the market to increase. Additionally, this region's market is growing due to favourable government agriculture policies and changes in consumer lifestyles that have raised demand for processed and convenience foods.
Furthermore, North America has experienced increased demand in the region, which is anticipated to increase as consumers become more aware of the advantages of low-fat foods, particularly in the United States, one of the world's top producers of maize and corn starch. The market is also expanding due to new product developments like Octenyl Succinic Anhydride (OSA), a popular esterification agent, and various uses for modified starch products.
Asia Pacific Region Modified Starch Market Share in 2022 - 46.7%
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The raw material segment is divided into potato, wheat, corn, and cassava. The cassava segment dominated the market, with a market share of around 29% in 2022. Cassava is the most economical source of starch at the global level, which increases its demand. Thus, cassava is widely used to produce modified starch in a corn and wheat starch shortage.
The form segment is divided into liquid and dry. The dry segment dominated the market, with a market share of around 57% in 2022. The dry form of modified starch is easy to use and transport, which drives the segment's growth. The loading and unloading process of the dry-modified starch requires little attention compared to liquid-modified starch, propelling the segment's growth.
The end-user segment is divided into feed, food and beverages, and industrial. The industrial segment dominated the market, with a share of around 31% in 2022. Modified starch is used extensively in producing paper after fibre, water, and fillers. By offering useful properties and serving as a processing aid, starch helps manufacture paper. To make the paper stronger and easier to write on, paper mills use starches sourced from several sources, including waxy maize, ordinary corn, tapioca, wheat and potato. The paper's hardness and whiteness are enhanced by using starch as a binder in paper coating, enhancing printing properties.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 14.7 Billion |
| Market size value in 2032 | USD 19.5 Billion |
| CAGR (2023 to 2032) | 2.9% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Raw Material, Form, End-User |
As per The Brainy Insights, the size of the modified starch market was valued at USD 14.7 billion in 2022 to USD 19.5 billion by 2032.
The global modified starch market is growing at a CAGR of 2.9% during the forecast period 2023-2032.
Asia Pacific emerged as the largest modified starch market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Raw Material
4.3.2. Market Attractiveness Analysis by Form
4.3.3. Market Attractiveness Analysis by End-User
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Numerous functional benefits
5.3. Restraints
5.3.1. Price Fluctuations in raw materials
5.4. Opportunities
5.4.1. Increased spending on research and development
5.5. Challenges
5.5.1. High demand for gum arabic
6. Global Modified Starch Market Analysis and Forecast, By Raw Material
6.1. Segment Overview
6.2. Potato
6.3. Wheat
6.4. Corn
6.5. Cassava
7. Global Modified Starch Market Analysis and Forecast, By Form
7.1. Segment Overview
7.2. Liquid
7.3. Dry
8. Global Modified Starch Market Analysis and Forecast, By End-User
8.1. Segment Overview
8.2. Feed
8.3. Food and Beverages
8.4. Industrial
9. Global Modified Starch Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Modified Starch Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Modified Starch Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Ingredion Incorporated
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Royal Ingredients Group
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Grain Processing Corporation
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Global Bio-Chem Technology Group Company Limited
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. SPAC Starch Products
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. KMC
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Tereos
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Archer Daniel Midlands Company
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Tate & Lyle
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Roquette Freres
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Emsland
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. AGRANA
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Qindao CBH Co., Ltd.
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. CARGILL
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Avebe U.A.
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
11.16. SMS Corporation
11.16.1. Business Overview
11.16.2. Company Snapshot
11.16.3. Company Market Share Analysis
11.16.4. Company Product Portfolio
11.16.5. Recent Developments
11.16.6. SWOT Analysis
List of Table
1. Global Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
2. Global Potato, Modified Starch Market, By Region, 2019-2032 (USD Billion)
3. Global Wheat, Modified Starch Market, By Region, 2019-2032 (USD Billion)
4. Global Corn, Modified Starch Market, By Region, 2019-2032 (USD Billion)
5. Global Cassava, Modified Starch Market, By Region, 2019-2032 (USD Billion)
6. Global Modified Starch Market, By Form, 2019-2032 (USD Billion)
7. Global Liquid, Modified Starch Market, By Region, 2019-2032 (USD Billion)
8. Global Dry, Modified Starch Market, By Region, 2019-2032 (USD Billion)
9. Global Modified Starch Market, By End-User, 2019-2032 (USD Billion)
10. Global Feed, Modified Starch Market, By Region, 2019-2032 (USD Billion)
11. Global Food and Beverages, Modified Starch Market, By Region, 2019-2032 (USD Billion)
12. Global Industrial, Modified Starch Market, By Region, 2019-2032 (USD Billion)
13. North America Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
14. North America Modified Starch Market, By Form, 2019-2032 (USD Billion)
15. North America Modified Starch Market, By End-User, 2019-2032 (USD Billion)
16. U.S. Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
17. U.S. Modified Starch Market, By Form, 2019-2032 (USD Billion)
18. U.S. Modified Starch Market, By End-User, 2019-2032 (USD Billion)
19. Canada Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
20. Canada Modified Starch Market, By Form, 2019-2032 (USD Billion)
21. Canada Modified Starch Market, By End-User, 2019-2032 (USD Billion)
22. Mexico Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
23. Mexico Modified Starch Market, By Form, 2019-2032 (USD Billion)
24. Mexico Modified Starch Market, By End-User, 2019-2032 (USD Billion)
25. Europe Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
26. Europe Modified Starch Market, By Form, 2019-2032 (USD Billion)
27. Europe Modified Starch Market, By End-User, 2019-2032 (USD Billion)
28. Germany Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
29. Germany Modified Starch Market, By Form, 2019-2032 (USD Billion)
30. Germany Modified Starch Market, By End-User, 2019-2032 (USD Billion)
31. France Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
32. France Modified Starch Market, By Form, 2019-2032 (USD Billion)
33. France Modified Starch Market, By End-User, 2019-2032 (USD Billion)
34. U.K. Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
35. U.K. Modified Starch Market, By Form, 2019-2032 (USD Billion)
36. U.K. Modified Starch Market, By End-User, 2019-2032 (USD Billion)
37. Italy Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
38. Italy Modified Starch Market, By Form, 2019-2032 (USD Billion)
39. Italy Modified Starch Market, By End-User, 2019-2032 (USD Billion)
40. Spain Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
41. Spain Modified Starch Market, By Form, 2019-2032 (USD Billion)
42. Spain Modified Starch Market, By End-User, 2019-2032 (USD Billion)
43. Asia Pacific Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
44. Asia Pacific Modified Starch Market, By Form, 2019-2032 (USD Billion)
45. Asia Pacific Modified Starch Market, By End-User, 2019-2032 (USD Billion)
46. Japan Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
47. Japan Modified Starch Market, By Form, 2019-2032 (USD Billion)
48. Japan Modified Starch Market, By End-User, 2019-2032 (USD Billion)
49. China Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
50. China Modified Starch Market, By Form, 2019-2032 (USD Billion)
51. China Modified Starch Market, By End-User, 2019-2032 (USD Billion)
52. India Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
53. India Modified Starch Market, By Form, 2019-2032 (USD Billion)
54. India Modified Starch Market, By End-User, 2019-2032 (USD Billion)
55. South America Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
56. South America Modified Starch Market, By Form, 2019-2032 (USD Billion)
57. South America Modified Starch Market, By End-User, 2019-2032 (USD Billion)
58. Brazil Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
59. Brazil Modified Starch Market, By Form, 2019-2032 (USD Billion)
60. Brazil Modified Starch Market, By End-User, 2019-2032 (USD Billion)
61. Middle East and Africa Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
62. Middle East and Africa Modified Starch Market, By Form, 2019-2032 (USD Billion)
63. Middle East and Africa Modified Starch Market, By End-User, 2019-2032 (USD Billion)
64. UAE Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
65. UAE Modified Starch Market, By Form, 2019-2032 (USD Billion)
66. UAE Modified Starch Market, By End-User, 2019-2032 (USD Billion)
67. South Africa Modified Starch Market, By Raw Material, 2019-2032 (USD Billion)
68. South Africa Modified Starch Market, By Form, 2019-2032 (USD Billion)
69. South Africa Modified Starch Market, By End-User, 2019-2032 (USD Billion)
List of Figures
1. Global Modified Starch Market Segmentation
2. Global Modified Starch Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Modified Starch Market Attractiveness Analysis by Raw Material
9. Global Modified Starch Market Attractiveness Analysis by Form
10. Global Modified Starch Market Attractiveness Analysis by End-User
11. Global Modified Starch Market Attractiveness Analysis by Region
12. Global Modified Starch Market: Dynamics
13. Global Modified Starch Market Share by Raw Material (2023 & 2032)
14. Global Modified Starch Market Share by Form (2023 & 2032)
15. Global Modified Starch Market Share by End-User (2023 & 2032)
16. Global Modified Starch Market Share by Regions (2023 & 2032)
17. Global Modified Starch Market Share by Company (2022)
This study forecasts global, regional, and country revenue from 2019 to 2032. The Brainy Insights has segmented the global modified starch market based on the below-mentioned segments:
Global Modified Starch Market By Raw Material:
Global Modified Starch Market By Form:
Global Modified Starch Market By End-User:
Global Modified Starch Market By Region:
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Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
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The data procurement stage involves in data gathering and collecting through various data sources.
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Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:
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Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
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