Global Modified Starch Market Size, Share, Trends, Industry Growth by Product (Esters & Ethers, Resistant, Cationic, Pre-gelatinized, Others), by Source (Corn, Cassava, Wheat, Potato, Others), by Function, by End-Use, by Region, and Forecast to 2028

Report ID: RC2899 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: June 29th, 2023

The global modified starch market size is projected to grow at a significant CAGR of over 5% during the forecast period from 2022 to 2028. The increasing demand for convenience and processed food around the world is a primary factor driving the market growth. Furthermore, the increasing demand for the product in various end-use industries such as food & beverage, textile, paper, etc, due to its various properties such as bulk water absorption, emulsification, and thickening is further anticipated to fuel the market over the forecast period. Moreover, the increasing demand for ready-to-eat food, the growing population, and the increasing disposable income per capita in developing countries are further anticipated to propel the market in the next upcoming years.

Market Drivers:

Increasing Demand from Food and Beverage Industry: The food and beverage industry is the largest consumer of modified starch. Modified starches are used as thickeners, stabilizers, binders, and emulsifiers in various food and beverage products. The growing demand for processed and convenience foods, as well as the need for improved texture, stability, and sensory attributes in food products, drive the demand for modified starch.

Growing Demand for Clean Label and Natural Ingredients: With the increasing consumer preference for clean label and natural ingredients, there is a shift towards the use of modified starches as alternatives to synthetic additives and ingredients. Modified starches offer functional properties while meeting clean label requirements, thereby driving their adoption in various food and beverage applications.

Expansion of the Convenience Food Sector: The convenience food sector is experiencing significant growth due to changing consumer lifestyles, urbanization, and an increase in dual-income households. Modified starches play a vital role in providing the desired texture, stability, and shelf life to convenience food products such as sauces, dressings, soups, and ready-to-eat meals. The expansion of the convenience food sector drives the demand for modified starch.

Growing Demand in the Pharmaceutical Industry: Modified starches find applications in the pharmaceutical industry as excipients in drug formulations. They are used to improve the flowability, stability, and solubility of drugs, as well as to control the release of active ingredients. The increasing demand for pharmaceutical products and the need for efficient drug delivery systems contribute to the growth of the modified starch market.

Expansion of the Paper and Packaging Industry: Modified starches are used in the paper and packaging industry as binders, coatings, and surface sizing agents. They improve the strength, smoothness, printability, and water resistance of paper and paperboard products. The growing demand for packaging materials, including corrugated boxes, cartons, and bags, drives the demand for modified starch in the paper and packaging industry.

Technological Advancements in Starch Modification: Ongoing research and technological advancements have led to the development of new and improved methods of starch modification. These advancements have resulted in modified starches with enhanced functionalities and properties, such as improved heat resistance, stability, and film-forming capabilities. The availability of advanced modified starches with specific properties expands their application potential and drives market growth.

Increasing Demand for Biomaterials and Biodegradable Polymers: Modified starches have gained prominence as sustainable and biodegradable alternatives to synthetic polymers in various industries. They are used in the production of biodegradable plastics, packaging materials, and biomaterials. The growing environmental concerns, coupled with the demand for eco-friendly solutions, contribute to the increasing adoption of modified starches in biomaterials and biodegradable polymer applications.

Government Regulations and Support: Government regulations and policies promoting the use of natural and renewable ingredients, as well as sustainable manufacturing practices, have a positive impact on the modified starch market. Regulations that limit the use of synthetic additives and encourage the use of natural ingredients drive the demand for modified starches as clean label solutions.

Increasing Consumer Awareness and Health Consciousness: Consumers are becoming more aware of the ingredients used in their food and the impact on their health. They are increasingly seeking products with natural, clean label, and healthier ingredient profiles. Modified starches, as natural and functional ingredients, align with consumer preferences for healthier and cleaner food options, driving their demand.

Market Snapshot:

Benchmark Year 2022
Market Size $ xx.x Mn lock
Market Growth (CAGR) > 5% (2023-2030)
Largest Market Share Asia Pacific
Analysis Period 2020-2030
Market Players Emsland-Stärke GmbH, Grain Processing Corporation, Global Bio-Chem Technology Group Company Limited, Ingredion Incorporated, and Roquette Frères

Market Insights:

By product, the starch esters & ethers segment dominated the global modified starch market in 2021

The global modified starch market is bifurcated into product, source, function, end-use, and geography. On the basis of product, the market is further segmented into starch esters & ethers, resistant, cationic, pre-gelatinized, and others. The starch esters & ethers segment is expected to hold the largest market share of around 1/3 of the market by the end of the analysis period. The ability to enhance food texture and shelf life is expected to increase the demand for the product in food applications. Furthermore, the increasing demand for starch esters and ethers in various food applications such as bakery, convenience food, and dairy food products is further anticipated to propel the segment growth over the forecast period.

By source, the corn segment is expected to hold the largest market share by the end of the analysis period

On the basis of source, the market is segmented into corn, cassava, wheat, potato, and others. The corn segment dominated the global modified starch market in 2021 and expected to maintain its dominance over the forecast period. The widespread use of the product as a thickener in various food products such as sauces, soups, custards, etc, is a prominent factor to drive the segment growth. Furthermore, the easy availability of the product and its significant use in various industries such as the textile and paper industry is further anticipated to propel the segment growth over the forecast period. On the flip side, the cassava segment is estimated to register the fastest growth rate over the forecast period.

Modified Starch Market Growth

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The modified starch comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The modified starch market research report presents the analysis of each segment from 2019 to 2028 considering 2021 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2022 to 2028.

Historical & Forecast Period

  • 2019-20 – Historical Year
  • 2021 – Base Year
  • 2022-2028 – Forecast Period

Market Segmentation:

By Product:

  • Starch Esters & Ethers
  • Resistant
  • Cationic
  • Pre-gelatinized
  • Others

By Source:

  • Corn
  • Cassava
  • Wheat
  • Potato
  • Others

By Function:

  • Stabilizers
  • Thickeners
  • Emulsifiers
  • Binders
  • Others

By End-Use:

  • Food & Beverage
  • Animal Feed
  • Paper
  • Pharmaceuticals
  • Textiles
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

By region, the Asia Pacific is accounted to grow at the highest growth rate by 2028

On the basis of region, North America dominated the global modified starch market in 2021 and expected to hold a significant revenue share of over 1/3 market share by 2028. The increasing awareness regarding the health benefits of low-fat food products is a major factor to drive the market growth in the region. On the other hand, the Asia Pacific is estimated to register the highest CAGR over the forecast period. The surging economical conditions, government supportive policies for agriculture, and the widespread use of the modified starch in various industries are expected to fuel the market growth in the Asia Pacific.

Geographically, the modified starch market report comprises dedicated sections centering on the regional market revenue and trends. The modified starch market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The modified starch market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Modified starch market estimates have also been provided for the historical years 2019 & 2020 along with forecasts for the period from 2022 – 2028.

Competitive Assessment:

Some of the major market players operating in the global modified starch market are Emsland-Stärke GmbH, Grain Processing Corporation, Global Bio-Chem Technology Group Company Limited, Ingredion Incorporated, and Roquette Frères. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • Emsland-Stärke GmbH
  • Grain Processing Corporation
  • Global Bio-Chem Technology Group Company Limited
  • Ingredion Incorporated
  • Roquette Frères
  • ADM
  • Agrana Beteiligungs AG
  • Avebe U.A.
  • Cargill, Incorporated
  • Samyang Genex Corp.
  • Beneo-Remy N.V.

Key Questions Answered by Modified Starch Market Report

  • Global modified starch market forecasts from 2022-2028
  • Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
  • Modified starch submarket forecasts from 2022-2028 covering the market by product, source, function, end-use, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level modified starch markets from 2022-2028
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Modified Starch Market Portraiture
2.2. Global Modified Starch Market, by Product, 2021 (USD Mn)
2.3. Global Modified Starch Market, by Source, 2021 (USD Mn)
2.4. Global Modified Starch Market, by Function, 2021 (USD Mn)
2.5. Global Modified Starch Market, by End-Use, 2021 (USD Mn)
2.6. Global Modified Starch Market, by Geography, 2021 (USD Mn)

 

3. Global Modified Starch Market Analysis


3.1. Modified Starch Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Modified Starch Market By Product, 2019 – 2028 (USD Mn)


4.1. Overview
4.2. Starch Esters & Ethers
4.3. Resistant
4.4. Cationic
4.5. Pre-gelatinized
4.6. Others

 

5. Global Modified Starch Market By Source, 2019 – 2028 (USD Mn)


5.1. Overview
5.2. Corn
5.3. Cassava
5.4. Wheat
5.5. Potato
5.6. Others

 

6. Global Modified Starch Market By Function, 2019 – 2028 (USD Mn)


6.1. Overview
6.2. Stabilizers
6.3. Thickeners
6.4. Emulsifiers
6.5. Binders
6.6. Others

 

7. Global Modified Starch Market By End-Use, 2019 – 2028 (USD Mn)


7.1. Overview
7.2. Food & Beverage
7.3. Animal Feed
7.4. Paper
7.5. Pharmaceuticals
7.6. Textiles
7.7. Others

 

8. North America Modified Starch Market Analysis and Forecast, 2019 – 2028 (USD Mn)


8.1. Overview
8.2. North America Modified Starch Market by Product, (2019-2028 USD Mn)
8.3. North America Modified Starch Market by Source, (2019-2028 USD Mn)
8.4. North America Modified Starch Market by Function, (2019-2028 USD Mn)
8.5. North America Modified Starch Market by End-Use, (2019-2028 USD Mn)
8.6. North America Modified Starch Market by Country, (2019-2028 USD Mn)
8.6.1. U.S.
8.6.1.1. U.S. Modified Starch Market by Product, (2019-2028 USD Mn)
8.6.1.2. U.S. Modified Starch Market by Source, (2019-2028 USD Mn)
8.6.1.3. U.S. Modified Starch Market by Function, (2019-2028 USD Mn)
8.6.1.4. U.S. Modified Starch Market by End-Use, (2019-2028 USD Mn)
8.6.2. Canada
8.6.2.1. Canada Modified Starch Market by Product, (2019-2028 USD Mn)
8.6.2.2. Canada Modified Starch Market by Source, (2019-2028 USD Mn)
8.6.2.3. Canada Modified Starch Market by Function, (2019-2028 USD Mn)
8.6.2.4. Canada Modified Starch Market by End-Use, (2019-2028 USD Mn)

 

9. Europe Modified Starch Market Analysis and Forecast, 2019 – 2028 (USD Mn)


9.1. Overview
9.2. Europe Modified Starch Market by Product, (2019-2028 USD Mn)
9.3. Europe Modified Starch Market by Source, (2019-2028 USD Mn)
9.4. Europe Modified Starch Market by Function, (2019-2028 USD Mn)
9.5. Europe Modified Starch Market by End-Use, (2019-2028 USD Mn)
9.6. Europe Modified Starch Market by Country, (2019-2028 USD Mn)
9.6.1. Germany
9.6.1.1. Germany Modified Starch Market by Product, (2019-2028 USD Mn)
9.6.1.2. Germany Modified Starch Market by Source, (2019-2028 USD Mn)
9.6.1.3. Germany Modified Starch Market by Function, (2019-2028 USD Mn)
9.6.1.4. Germany Modified Starch Market by End-Use, (2019-2028 USD Mn)
9.6.2. U.K.
9.6.2.1. U.K. Modified Starch Market by Product, (2019-2028 USD Mn)
9.6.2.2. U.K. Modified Starch Market by Source, (2019-2028 USD Mn)
9.6.2.3. U.K. Modified Starch Market by Function, (2019-2028 USD Mn)
9.6.2.4. U.K. Modified Starch Market by End-Use, (2019-2028 USD Mn)
9.6.3. France
9.6.3.1. France Modified Starch Market by Product, (2019-2028 USD Mn)
9.6.3.2. France Modified Starch Market by Source, (2019-2028 USD Mn)
9.6.3.3. France Modified Starch Market by Function, (2019-2028 USD Mn)
9.6.3.4. France Modified Starch Market by End-Use, (2019-2028 USD Mn)
9.6.4. Spain
9.6.4.1. Spain Modified Starch Market by Product, (2019-2028 USD Mn)
9.6.4.2. Spain Modified Starch Market by Source, (2019-2028 USD Mn)
9.6.4.3. Spain Modified Starch Market by Function, (2019-2028 USD Mn)
9.6.4.4. Spain Modified Starch Market by End-Use, (2019-2028 USD Mn)
9.6.5. Italy
9.6.5.1. Italy Modified Starch Market by Product, (2019-2028 USD Mn)
9.6.5.2. Italy Modified Starch Market by Source, (2019-2028 USD Mn)
9.6.5.3. Italy Modified Starch Market by Function, (2019-2028 USD Mn)
9.6.5.4. Italy Modified Starch Market by End-Use, (2019-2028 USD Mn)
9.6.6. Rest of Europe
9.6.6.1. Rest of Europe Modified Starch Market by Product, (2019-2028 USD Mn)
9.6.6.2. Rest of Europe Modified Starch Market by Source, (2019-2028 USD Mn)
9.6.6.3. Rest of Europe Modified Starch Market by Function, (2019-2028 USD Mn)
9.6.6.4. Rest of Europe Modified Starch Market by End-Use, (2019-2028 USD Mn)

 

10. Asia Pacific Modified Starch Market Analysis and Forecast, 2019 – 2028 (USD Mn)


10.1. Overview
10.2. Asia Pacific Modified Starch Market by Product, (2019-2028 USD Mn)
10.3. Asia Pacific Modified Starch Market by Source, (2019-2028 USD Mn)
10.4. Asia Pacific Modified Starch Market by Function, (2019-2028 USD Mn)
10.5. Asia Pacific Modified Starch Market by End-Use, (2019-2028 USD Mn)
10.6. Asia Pacific Modified Starch Market by Country, (2019-2028 USD Mn)
10.6.1. China
10.6.1.1. China Modified Starch Market by Product, (2019-2028 USD Mn)
10.6.1.2. China Modified Starch Market by Source, (2019-2028 USD Mn)
10.6.1.3. China Modified Starch Market by Function, (2019-2028 USD Mn)
10.6.1.4. China Modified Starch Market by End-Use, (2019-2028 USD Mn)
10.6.2. Japan
10.6.2.1. Japan Modified Starch Market by Product, (2019-2028 USD Mn)
10.6.2.2. Japan Modified Starch Market by Source, (2019-2028 USD Mn)
10.6.2.3. Japan Modified Starch Market by Function, (2019-2028 USD Mn)
10.6.2.4. Japan Modified Starch Market by End-Use, (2019-2028 USD Mn)
10.6.3. India
10.6.3.1. India Modified Starch Market by Product, (2019-2028 USD Mn)
10.6.3.2. India Modified Starch Market by Source, (2019-2028 USD Mn)
10.6.3.3. India Modified Starch Market by Function, (2019-2028 USD Mn)
10.6.3.4. India Modified Starch Market by End-Use, (2019-2028 USD Mn)
10.6.4. Rest of Asia Pacific
10.6.4.1. Rest of Asia Pacific Modified Starch Market by Product, (2019-2028 USD Mn)
10.6.4.2. Rest of Asia Pacific Modified Starch Market by Source, (2019-2028 USD Mn)
10.6.4.3. Rest of Asia Pacific Modified Starch Market by Function, (2019-2028 USD Mn)
10.6.4.4. Rest of Asia Pacific Modified Starch Market by End-Use, (2019-2028 USD Mn)

 

11. Latin America (LATAM) Modified Starch Market Analysis and Forecast, 2019 – 2028 (USD Mn)


11.1. Overview
11.2. Latin America Modified Starch Market by Product, (2019-2028 USD Mn)
11.3. Latin America Modified Starch Market by Source, (2019-2028 USD Mn)
11.4. Latin America Modified Starch Market by Function, (2019-2028 USD Mn)
11.5. Latin America Modified Starch Market by End-Use, (2019-2028 USD Mn)
11.6. Latin America Modified Starch Market by Country, (2019-2028 USD Mn)
11.6.1. Brazil
11.6.1.1. Brazil Modified Starch Market by Product, (2019-2028 USD Mn)
11.6.1.2. Brazil Modified Starch Market by Source, (2019-2028 USD Mn)
11.6.1.3. Brazil Modified Starch Market by Function, (2019-2028 USD Mn)
11.6.1.4. Brazil Modified Starch Market by End-Use, (2019-2028 USD Mn)
11.6.2. Mexico
11.6.2.1. Mexico Modified Starch Market by Product, (2019-2028 USD Mn)
11.6.2.2. Mexico Modified Starch Market by Source, (2019-2028 USD Mn)
11.6.2.3. Mexico Modified Starch Market by Function, (2019-2028 USD Mn)
11.6.2.4. Mexico Modified Starch Market by End-Use, (2019-2028 USD Mn)
11.6.3. Rest of Latin America
11.6.3.1. Rest of Latin America Modified Starch Market by Product, (2019-2028 USD Mn)
11.6.3.2. Rest of Latin America Modified Starch Market by Source, (2019-2028 USD Mn)
11.6.3.3. Rest of Latin America Modified Starch Market by Function, (2019-2028 USD Mn)
11.6.3.4. Rest of Latin America Modified Starch Market by End-Use, (2019-2028 USD Mn)

 

12. Middle East and Africa Modified Starch Market Analysis and Forecast, 2019 – 2028 (USD Mn)


12.1. Overview
12.2. MEA Modified Starch Market by Product, (2019-2028 USD Mn)
12.3. MEA Modified Starch Market by Source, (2019-2028 USD Mn)
12.4. MEA Modified Starch Market by Function, (2019-2028 USD Mn)
12.5. MEA Modified Starch Market by End-Use, (2019-2028 USD Mn)
12.6. Middle East and Africa Modified Starch Market, by Country, (2019-2028 USD Mn)
12.6.1. GCC
12.6.1.1. GCC Modified Starch Market by Product, (2019-2028 USD Mn)
12.6.1.2. GCC Modified Starch Market by Source, (2019-2028 USD Mn)
12.6.1.3. GCC Modified Starch Market by Function, (2019-2028 USD Mn)
12.6.1.4. GCC Modified Starch Market by End-Use, (2019-2028 USD Mn)
12.6.2. South Africa
12.6.2.1. South Africa Modified Starch Market by Product, (2019-2028 USD Mn)
12.6.2.2. South Africa Modified Starch Market by Source, (2019-2028 USD Mn)
12.6.2.3. South Africa Modified Starch Market by Function, (2019-2028 USD Mn)
12.6.2.4. South Africa Modified Starch Market by End-Use, (2019-2028 USD Mn)
12.6.3. Rest of MEA
12.6.3.1. Rest of MEA Modified Starch Market by Product, (2019-2028 USD Mn)
12.6.3.2. Rest of MEA Modified Starch Market by Source, (2019-2028 USD Mn)
12.6.3.3. Rest of MEA Modified Starch Market by Function, (2019-2028 USD Mn)
12.6.3.4. Rest of MEA Modified Starch Market by End-Use, (2019-2028 USD Mn)

 

13. Company Profiles


13.1. Emsland-Stärke GmbH
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Grain Processing Corporation
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. Global Bio-Chem Technology Group Company Limited
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Ingredion Incorporated
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. Roquette Frères
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. ADM
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. Agrana Beteiligungs AG
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Avebe U.A.
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Cargill, Incorporated
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. Samyang Genex Corp.
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
13.11. Beneo-Remy N.V.
13.11.1. Business Description
13.11.2. Financial Health and Budget Allocation
13.11.3. Product Positions/Portfolio
13.11.4. Recent Development
13.11.5. SWOT Analysis
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