Global Modified Starch Market Size, Insights, Drivers, Opportunities, Covid-19 Impact, By Type (Corn, Cassava, Potato, Wheat, Others), By Form (Dry, Liquid), By Application (Food & Beverages, Feed, Industrial), By Region, Growth, Trends And Forecast From 2021 To 2027
Global Modified Starch Market Size, Insights, Drivers, Opportunities, Covid-19 Impact, By Type (Corn, Cassava, Potato, Wheat, Others), By Form (Dry, Liquid), By Application (Food & Beverages, Feed, Industrial), By Region, Growth, Trends And Forecast From 2021 To 2027
Historic years: 2015 to 2019 Base Year: 2020 Forecast Years: 2021 to 2027
Number of pages: 121 Category: Food & Beverages Report Id: MISF&B3491
Market Size
The global modified starch market size was valued at USD 13.3 billion in 2020 and is estimated to reach a value of USD xx billion in 2027. The Modified Starch market analysis shows that it will grow with a CAGR of 2.6% over the forecast period of 2021 to 2027.Market Driver
It is experiencing rapid growth as a result of its growing integration into a variety of foods, the cost-effectiveness they deliver, and the enhanced functionalities they provide in relation to native starch. Consumption of processed and convenience foods is increasing, resulting in an increase in demand for modified starch. The advancement of emerging technology and groundbreaking experiments in the food and beverage industry has resulted in an increase in the use of modified starch in multiple industries. Asia Pacific is expected to dominate the market due to its high level of processed food production.Segmental Outlook
Modified starch market in terms of raw material. Corn is a staple food that is favored globally due to its role in many countries' diets. It is widely used in soups and liquid- based foods such as sauces, gravies, and custards as a thickening agent. Food and beverage items are further divided into bakery and confectionery products, processed foods, drinks, and others, which includes snacks and soups. For a long period of time, modified starches have been developed, and their applications in the food and beverage industry are gaining traction. Modified starches are called food additives because they are produced by treating starch or its granules with chemicals or enzymes, partially degrading the starch. Due to their functional properties, they are used in a variety of food applications.
Regional Outlook
North America dominated the global market in 2019, accounting for more than 41% of total sales. Growing awareness of the health benefits of low fat foods is expected to drive product demand in the region, especially in the United States, which is a major producer of corn and corn starch. Canada is the market's second largest contributor, owing to growing commodity demand in the animal feed sector. Government policies that favor agriculture trade and investment in the industry have produced new growth opportunities in the Asia Pacific region.
Countries such as India, China, Japan, South Korea, and Taiwan depend heavily on agriculture for economic development, as it accounts for a large portion of their GDP. With high levels of growth in emerging economies, the Asia Pacific region has accounted for a sizable portion of global output.
Asia Pacific's textile industry is also projected to have a positive effect on the global economy.
Research Methodology
Modified Starch market report consists of market analysis including both primary and secondary research. Primary research comprises of the interaction between manufacturers, industry experts channel partners, and end users, while the secondary research presents an analytical interpretation of relevant published databases, which contains details like company annual reports, and financial reports, white papers, and purchased databases. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.About Us
Market Insight Solutions is a leading market research firm which caters to a diverse portfolio of research campaigns. We are one of the fastest growing research organization led by an extensive team of individuals. Our team has individuals with more than 10 years of experience in diverse research domains. Our strategic insights aim at providing credible and practical solutions to meet the specific requirements of our clients. We offer market studies on basis of facts across cross domains.
Segments covered in the report
Modified Starch Market Size and Outlook by Type
- Corn
- Cassava
- Potato
- Wheat
- Others
Modified Starch Market Size and Outlook by Form
- Dry
- Liquid
Modified Starch Market Size and Outlook by Application
- Food & beverages
- Bakery & confectionery products
- Processed foods
- Beverages
- Others
- Feed
- Swine feed
- Ruminant feed
- Poultry feed
- Others
- Industrial
- Papermaking
- Weaving & textiles
- Medicines & pharmaceuticals
- Cosmetics
- Others
Modified Starch Market Size and Outlook by Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Russia
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Indonesia
- South Korea
- Australia
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Companies Profiled in this Report
- AGRANA (Austria)
- Archer Daniels Midland Company (ADM) (US)
- Avebe U.A (the Netherlands)
- Cargill (US)
- Emsland (Germany)
- Grain Processing Corporation (US)
- Ingredion (US)
- Roquette Frères (France)
- SMS Corporation (Thailand)
- Tate & Lyle (UK)
Actionable Outcomes
Our Modified Starch Market Report offers a thorough assessment of estimations and projections on the market dynamics. Further, it helps in the implementation of these results as they show tangible benefits to business stakeholders and industry entities decisions as leaders.Strategic Planning
Every business needs to understand how their Type will function in the forthcoming years. With the current uncertainness due to the COVID -19 scenario, this analysis becomes significant to understand past disruptions and boost the preparedness for the next steps of decision. We at Market Insight Solutions are trying to break down the complex market for the business leaders through strategic insights and resilience in unpredictable situations.Highlights of the report:
- COVID-19 impact on Modified Starch market size
- Modified Starch market size, drifts, drivers and opportunities
- Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
- Modified Starch market size in United States
- Understanding the dynamics of the parent market
- Prime fluctuations of the market dynamics
- Evaluation of the market opportunities
- Historical, current, and projected Modified Starch market size from the standpoint of both value and volume
- Market segmentation and comprehensive analysis in the second or third level
- Reporting and evaluation of recent industry developments
- Analysis of market share and developments
- Detailed company profiling of leading companies
- Opportunities to newer markets in global and regional markets
- Analyzing the trajectory line of the business
- Analyze Modified Starch market share
- Measures to consider for Modified Starch market