Modified Starch Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4781
Modified Starch Market size is forecast to experience significant growth during the foreseeable timeframe owing to increasing application scope in animal feed, pharmaceutical, food & beverages and paper industries. The compound is widely used in medication production owing to its desirable texture and film forming properties which is likely to stimulate the compound market growth.
The compound is a starch derivative and widely used in food and beverage industry as thickening agent. Starch is modified for its enhanced application to increase stability against acid, heat, cooling, freezing for various industrial applications. Modified starch used as an agent to increase and decrease the viscosity of food, which has primary application in bakery industry. Pre-gelatinized starch is used in thickening of desserts and starch in boiling water which helps in making food gravy. Potato starch is commonly used in custards, puddings, soups, stews, sauces owing to its gluten free properties.
It has wide application scope in paper making industry owing to its binding and surface finishing properties. Starch consumption in paper making process is considered to be the third after cellulose and mineral pigment weight, which shows its increased utilization in paper making industry. Cationic potato starch is used to improve the fillers and fine fiber retention and provide mechanical strength to paper. In 2019, paper making industry accounted for market revenue of USD 515 billion. It is also used as paper surface treatment agent in drying process to remove moisture content and provide paper with finished surface. Increasing paper demand from packaging industry is likely to fuel the paper industry growth which in turn will boost the modified starch demand.
Modified starch is widely used in textile industry owing to its ability to provide elasticity and strength to textile materials. It helps to improved appearance and feel of material and to provide friction reduction. Weaving friction is reduced by the product application, which in turn increases the fabric manufacturing efficiency. In 2018, the global textile industry market value was over USD 920 billion. The compound is used as color thickeners to obtain durable and sharp printed fabrics. Also, it is used in finishing and printing process to provide smoothness, and glossiness to cloths. Rising advancements in textile technology along with growing fashion trends is expected to boost textile industry, thereby driving modified starch market growth.
North America led by Canada and U.S. modified starch market is anticipated to experience rapid growth during the forecasted time period owing to the increasing demand for animal feed in the region. Modified starch is used as an additive in animal feed to improve digestibility of animal feed. It is also used to improve the texture, taste and quality of animal feed product. In 2018, the North American animal feed industry market value was over USD 85 billion. Rising awareness regarding benefits of animal feed products for pets may induce modified starch regional market growth.
Europe driven by France, Italy, UK, and Germany modified starch market size may witness substantial growth in the foreseeable timeframe pertaining to the increasing paper production in the region. European paper production is dominated by Germany, Sweden and France regions, which may lead to the growth of product demand. Recycling of paper is a primary source for raw material and paper production in Europe. European paper industry is considered to be innovative sector and is expected to deliver new technologies and products, which may fuel product market growth.
Asia Pacific driven by Japan, India and China modified starch industry may witness significant growth owing to increasing demand for textile materials in the region which has increased the demand for the product. In 2019, the Indian textile industry market value was valued over USD 150 billion. Low raw material cost and abundance availability of raw material may stimulate modified starch regional market growth.
Global modified starch market share is fragmented. The key players operating in the market includes like Cargill Inc., Global Bio-Chem Technology Group Co Ltd., Archer Daniels Midland Company, Agrana Beteiligungs AG , Tirupati Starch and chemicals Ltd., Grain Processing Corporation, Tate & Lyle Plc, Ingredion Incorporated, Universal Starch Chem Allied and Everest starch Pvt Ltd are players in this market. Recently, Cargill Inc. collaborated with Procter & Gamble for innovation of natured powered products for sustainable future, which shall boost modified starch market outlook.
Modified Starch Market, By Function, 2015-2026 (Tons) (USD Million)
Modified Starch Market, By Product, 2015-2026 (Tons) (USD Million)
- Starch esters & ethers
Modified Starch Market, By Raw Material, 2015-2026 (Tons) (USD Million)
Modified Starch Market, By End-use, 2015-2026 (Tons) (USD Million)
- Animal Feed
- Food & Beverage
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Cargill Inc.
- Global Bio-Chem Technology Group Co Ltd.
- Archer Daniels Midland Company
- Agrana Beteiligungs-AG
- Tirupati Starch and chemicals Ltd.
- Grain Processing Corporation
- Tate & Lyle Plc
- Ingredion Incorporated
- Universal Starch Chem Allied
- Everest starch Pvt Ltd
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Benefits of Association
Data Coverage & Quality
GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.
Client Trust & Security
GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.
Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.