USD 12.43 Billion
Modified Starch Market Size, Share, Growth Analysis, By Product(Starch Esters & Ethers, Resistant, Cationic, Pre-gelatinized), By Material(Corn, Cassava, Wheat, Potato), By Function(Stabilizers, Thickeners, Emulsifiers, Binders), By End-Use(Food & Beverage, Animal Feed, Paper, Pharmaceuticals), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG30C2144 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
126
|Figures:
74
Modified Starch Market Insights
Modified Starch Market size was valued at USD 13.1 Billion in 2023 and is poised to grow from USD 13.79 Billion in 2024 to USD 20.85 Billion by 2032, growing at a CAGR of 5.3% during the forecast period (2025-2032).
The surge in market expansion stems from the heightened need for convenient and processed foods, directly impacted by the escalating global population. This surge has created a pivotal role for modified starch as an indispensable ingredient in the creation of ready-to-eat food items.
Aligned with the demand for convenience, modified starch serves as a versatile component, enabling the production of a diverse range of food products that cater to the fast-paced lifestyles prevalent in society.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Starch Esters & Ethers
Fastest Growth
Growth Rate
5.3% CAGR
Global Modified Starch Market ($ Bn)
Country Share for North America Region (%)
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Modified Starch Market Segmental Analysis
The global Modified Starch market is segmented into five segments i.e. by Product, Material, Function, End-Use and Region. Based on Product the market is segmented as, Starch Esters & Ethers, Resistant, Cationic, Pre-gelatinized, Others. Based on Material the market is segmented as, Corn, Cassava, Wheat, Potato, Others. Based on Function the market is segmented as, Stabilizers, Thickeners, Emulsifiers, Binders, Others. Based on End-Use the market is segmented as, Food & Beverage, Animal Feed, Paper, Pharmaceuticals, Textiles, Others. Based on Regions the market is segmented as, North America, Europe, Asia Pacific, Latin America.
Analysis by Product
The anticipated growth of cationic starches at a CAGR of 5.1% from 2022 to 2030 is primarily propelled by their distinctive attributes serving as sizing agents, emulsifiers, and enhancers of dry strength, widely applied in the paper industry. These unique properties stand as pivotal drivers spurring their usage within various paper manufacturing processes.
The dominance of the starch esters & ethers segment, accounting for a revenue share surpassing 30%, is attributed to its remarkable capacity to enhance food texture and prolong shelf life. This category anticipates heightened consumption particularly in bakery, convenience, and dairy food sectors due to its versatile applications. Additionally, the segment is poised for significant growth fueled by optimistic prospects within the food and beverage industries across China and India.
Analysis by Function
The thickeners segment emerged as the leader in the global market, commanding a substantial market share exceeding 50% in 2022. Modified starch, within this segment, serves as a pivotal thickening agent, elevating the viscosity of liquids without substantial alteration to their inherent properties. Its widespread application in the food and beverage industry, particularly in items such as puddings, sauces, soups, and gravies, underscores its significance.
The emulsifier segment is anticipated to experience substantial growth throughout the forecast period, projecting a CAGR of 5.7% in 2022. This upward trajectory is underscored by the segment's crucial role in emulsifying diverse end-use products across multiple industries, with a notable impact in the food and beverage sector, particularly in products incorporating flavored oils.
Global Modified Starch Market By Product
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Modified Starch Market Regional Insights
North America emerged as a dominant force in the global market, commanding over 42% of the total revenue share. The region's burgeoning demand is notably fueled by a growing consumer consciousness regarding the health advantages associated with low-fat dietary choices. This trend, particularly prevalent in the United States, a significant cornstarch and corn producer globally, stands as a key catalyst for increased market demand. Moreover, the versatile applications of modified starch products, coupled with ongoing innovation and new product developments such as Octenyl Succinic Anhydride (OSA), a widely embraced esterification agent, serve as pivotal drivers propelling market expansion.
Asia Pacific is poised to experience the most rapid CAGR of 5.9% from 2023 to 2030. This robust expansion is attributed to several countries within the region—India, Taiwan, Japan, South Korea, and China—where agriculture plays a pivotal role in economic development, significantly influencing market growth. Moreover, the region benefits from supportive governmental agricultural policies that further stimulate the market landscape.
Global Modified Starch Market By Region
- Largest
- Fastest
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Modified Starch Market Dynamics
Drivers
Rising Investments in the Starch Market
- Starch innovations are distinctly targeting key elements within baked foods, including sauces integrated into frozen meals and fruit fillings for desserts. Notably, ingredient suppliers are diversifying their starch sources, broadening the spectrum of available options. With the rapid advancements in industrial applications and technologies for starch processing, this market stands out as one experiencing substantial growth. More prominently, an increasing number of businesses are incorporating modified starch into their production processes and final products.
Restraints
High Demand for Gum Arabic
- The utilization of starch derivatives in the food and beverages sector is steadily expanding, particularly evident in the surging application of modified starches within the global beverages industry. However, this growth faces a significant challenge posed by the preference for and dominance of gum Arabic over modified starches. Studies highlight that beverages stabilized with gum Arabic sources tend to achieve superior stability compared to those stabilized with modified starches. This preference for gum Arabic stands as a substantial restraint on the growth trajectory of modified starches within the beverages sector.
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Modified Starch Market Competitive Landscape
The competitive environment of the global Modified Starch Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
- Global Bio-Chem Technology Group Company Limited
- Roquette Frères
- ADM
- Agrana Beteiligungs AG
- Avebe U.A.
- Cargill, Incorporated
- Samyang Genex Corp.
- Beneo-Remy N.V.
- Siam Modified Starch Co., Ltd.
- China Essence Group Ltd.
- PT Budi Starch & Sweetener Tbk
- Tate & Lyle PLC
- ULRICK&SHORT
- KMC (Kartoffelmelcentralen) Amb
Recent Developments
- In November 2022, scientists from RMIT University, Australia, developed a modified starch product that can be added to food without affecting its taste, color, or texture. It is called FiberX, and has been produced from native starches, including wheat, corn, and cassava. Like actual fiber, it resists digestion in the human gut, allowing microorganisms in our colon to ferment it and potentially improving the digestive process. It can be added to low-fiber foods such as cakes and pizza to make them healthier, as well as to foods that are low in calories or low on the glycemic index (which is important for those with diabetes). It can also be made in a gluten-free way.
- In October 2022, Roquette made a significant stride in the market by unveiling an organic pea protein starch tailored as an alternative for meat and dairy. This innovative grade of organic pea starch, launched specifically for the European Union (EU) and US markets, serves as a promising substitute in culinary applications. Its introduction aligns with the growing demand for plant-based alternatives, offering a sustainable and organic option in the evolving food industry landscape.
- In March 2022, Ingredion introduced two new clean-label rice starches, each designed to meet specific needs in food formulations. These rice starches, known for their hypoallergenic properties and excellent digestibility, contribute a smooth, creamy texture while enhancing natural flavor and color, even in white products. Notably, their introduction underscores Ingredion's commitment to sustainability, reducing environmental impact and fortifying supply chain resilience. These launches signify the industry's concerted efforts toward clean-label, sustainable, and functional ingredients, catering to evolving consumer preferences and industry demands.
Modified Starch Key Market Trends
- Food starches, with their inherent versatility, offer a spectrum of functional properties that open doors to diverse applications across multiple industries. Their adaptability allows for texturizing, binding, thickening, gelling, and stabilizing functions, essential across various food formulations. Beyond culinary uses, comprehending the role of industrial starches as adhesives in paper and packaging becomes crucial when considering future growth prospects.
Modified Starch Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. The growing global population serves as a driving force behind the increasing preference for processed and convenient food options. In this landscape, modified starch stands as a pivotal and indispensable element within the production of ready-to-eat food items. Its versatility and functionality make it a crucial ingredient, catering to the evolving demands of consumers seeking quick and easily accessible meal solutions. As this trend persists, the market for modified starch is poised for substantial growth, propelled by the sustained consumer inclination toward processed foods.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 12.43 Billion |
| Market size value in 2031 | USD 19.8 Billion |
| Growth Rate | 5.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Modified Starch Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Modified Starch Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Modified Starch Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Modified Starch Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Modified Starch Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Modified Starch Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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