Modified Starch Market - Promoting Food Security and Sustainability on a Global Scale through Innovations

Market Players Eye the Profits in Non-Thermal Techniques of Modified Starch Production

  • 2019-10-22
  • REP-GB-9673
  • 96 Tables
  • 317 Figures
  • 264 pages
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 Modified Starch Market
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Alteration of Enzymatic and Molecular Properties - An Imperative to Enhance Functionality

Research and investigation pertaining to the applications and benefits of modified starch have been consistent in the recent past. Over the past couple of decades, the adoption of modified starch in multiple industries has gained significant momentum owing to the findings of numerous studies and added efforts to improve the overall functionalities of modified starch. Starch is perhaps the most critical polysaccharide in the human diet. However, starches in its natural or unprocessed form lacks the desired functional properties for applications in various domains including pharmaceutical, paper, and food among others. Natural starch is thus modified in various ways in which the physical, enzymatic, molecular, and chemical properties are altered in tune with its potential applications. Furthermore, modified starch is widely used to stabilize, thicken, and improve the overall texture of food products– a factor that is likely to propel the demand for modified starch in the upcoming years.

Modified Starch Market - Key Research Findings

modified starch market snapshot
  1. The global modified starch market value in 2019 is estimated at ~ US$ 10.8 Bn. 
  2. The modified starch market is expected to grow at a CAGR of ~ 6% during the forecast period 2019-2029. 
  3. Increasing consumption of bakery products and rising popularity of artisanal bakery products are expected to propel the demand for modified starch in the forecast period 2019-2029. 
    • Asia Pacific is expected to account for major revenue share in the modified starch market, by the end of 2029. 
  4. Products free from animal origin are trending in the global food & beverages industry, which is in favor of products like modified starch.
    • In the last few years, the increased use of the internet and social media has created immense awareness about animal welfare and animal rights. This has led to a rising trend in food and beverages and cosmetic industries to opt for plant-based products that are free from animal-derived ingredients. Modified starch is used as a fat replacer in food, cosmetics, and other products, replacing regular fat that is dominantly animal-derived.

Top 3 Factors Shaping the Modified Starch Market

  • Numerous Functional Benefits Associated with Modified Starch

    Modified starches are used in numerous food products as their functional properties are much more enhanced and improved when compared to native starches. Many physical modification processes such as heat-moisture treatment and annealing, cause physical modification of starches without damaging or gelatinizing starch granules. Also, these don’t affect birefringence, sizes, and shapes. Modified starch is used in the food industry as a fat replacer, texture improver, and for flavor encapsulation, which are expected to boost the global market for the modified starch.

  • Growing Trend of Processed Food to Propel Demand for Modified Starch

    Increasing population is driving the demand for processed and convenience food. Modified starch is an important and functional ingredient that is used in ready-to-eat food products. With the increasing demand for processed food, the demand for modified starch is also increasing, which is expected to boost the market growth. Modified starch provides functional properties such as texture, taste, and thickness in processed foods. Also, it helps to increase the shelf life of food products.

  • Increased Spending on Research and Development Activities for Product Innovation

    The global modified starch market is driven by new and innovative product launches in food and beverages, cosmetics and personal care, and animal feed industries. Increasing expenditure by government and non-government organizations on research and development activities has resulted in the introduction of new and innovative products in the global market increasing the demand for food additives. This is resulting in new opportunities for modified starch and driving the global modified starch market.

global modified starch market share by source

Modified Starch Market Structure Analysis

  • The global modified starch market represents a fairly consolidated competition landscape, where a majority of key players maintain their strategic focus on the development of solid distribution partnerships and joint ventures, targeting a firmer global footprint.
  • The modified starch market has been relatively moderate in size, which remains a key factor for its dynamic competitive nature.
  • Leading manufacturers of modified starch are currently prioritizing R&D and new product launches to resonate with the booming demand for natural ingredients in Asia pacific and Middle East and Africa.
  • Portfolio extension is also identified to remain one of the key developmental strategies adopted by manufacturers of modified starch.
  • For a stronger foothold in target markets, modified starch manufacturers will continue to rely on inorganic strategies, such as mergers and acquisitions.
  • Deeper understanding of the market trends and preferential shifts of end-use segments across various regions are likely to create a bottleneck for prominent players, looking forward to untapped opportunities in the modified starch market.

Modified Starch Manufacturers Going ‘Sustainable’

In the current scenario, the demand for environmental sustainability across various industrial domains is scaling new heights. Further, measures to curb environmental degradation, coupled with added emphasis on food security, has compelled researchers involved in the modified starch space to lean towards the adoption of innovative modification techniques to ensure the long-term sustainability of the food sector. In addition, emergence of a multitude of cutting-edge food processing technologies is playing a vital role in redefining the process of modified starch production. Although innovative technologies, including non-thermal physical modification of starches, are gradually gaining momentum, the merits put forward by newer techniques cannot be understated.

Technological innovations play a crucial role in optimizing the consumption of energy and water – key factors that promote environmental sustainability. In addition, non-thermal physical modification of starches has exhibited promising results as far as the shelf life of modified starch is concerned, further contributing towards the efforts to enhance food security worldwide. Some of the most popular non-thermal technologies that have taken the center stage in the modified starch processes, include high hydrostatic pressure (HHP), pulsed electric field (PEF), and ultrasound (US) treatment among others.

The modifications caused by such emerging technologies tweak the textural, nutritional, and sensory properties of starch to complement desired requirements of the industry. Moreover, as these technologies do not interfere with the freshness, sensory properties, and nutritional value of modified starch, market players are focusing on leveraging the same to improve their product offerings. Furthermore, current trends suggest that the non-thermal starch modification approach could gradually replace conventional energy-consuming heating processes in the upcoming years.

Developed Economies Present an Array of Promising Opportunities

North America and Europe are expected to lead the race in terms of innovation and adoption of new starch modification techniques in the foreseeable future. In addition, rapidly evolving consumer trends and notable demand for fat-free milk and low-fat dairy products are likely to directly impact the growth prospects of the market in North America and Europe. Further, the all-round progress of the pharmaceutical industry and the paper making sector in these developed regions provides a window of opportunity to regional as well as global market players, for expanding their business operations.

* This data is only a representation. Actual data may vary and will be available in report.

Developed Economies Present an Array of Promising Opportunities
Developed Economies Present an Array of Promising Opportunities
Developed Economies Present an Array of Promising Opportunities
Developed Economies Present an Array of Promising Opportunities
  • 2014
  • 2018
  • 2022
  • 2029
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Product Development Strategies In-sync with Consumer Requirements

Consumer trends continue to define the course of the food and beverage industry, and modified starch market remains one of the prominent beneficiaries. In addition, as awareness related to the benefits of modified starch consumption continues to scale new heights, manufacturers and stakeholders are focusing on leveraging emerging technologies to produce modified starch without compromising  on its functional characteristics. In addition, to improve their market position and share, market players are leaning towards impactful and effective promotional activities to create awareness among consumers in rural areas. Moreover, as environmental safety remains of prime importance within the manufacturing industry, the adoption of sustainable starch modification techniques is likely to gather pace in upcoming years.

Corn expected to retain lead

Wheat likely to gain pace

Adoption of acetylated starch high

Physically modified starch to garner momentum

Food and beverage applications highly lucrative

Usage in animal feed on rise

 

How Growth will Unfold

Although the growth of the modified starch market will largely hinge on the growing demand for modified starch from the food sector, the demand from cosmetic and personal care industry is also expected to provide an impetus to the production of modified starch in the upcoming years. The consumption for men’s cosmetics and personal care products is anticipated to remain more prominent owing to the critical role of modified starches in minimizing the greasiness of products. In addition, the growing focus on formulating cutting-edge modification techniques to improve the functional properties of modified starch, including heat and sheer stress, is expected to gain noteworthy attention in the foreseeable future.

Modified Starch Application Analysis, 2019

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Modified Starch Market Analysis 2019-2029

A recent market study published by Future Market Insights “Modified Starch Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the modified starch market, the growth prospects of the market are obtained with maximum precision.

Modified Starch Market Taxonomy

The global modified starch market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Source

  • Maize/ Corn
  • Wheat
  • Potato
  • Tapioca
  • Rice

Product Type

  • Acetylated Starch
  • Physically Modified Starch
  • Enzyme Modified Starch
    • Anionic Starch
    • Cationic Starch
    • Dextrin
    • Oxidized Starch
    • Thinned Starch
    • Pre-Gelatinized Starch
    • Others

Grade

  • Food and Beverage
    • Bakery Products
    • Dairy Products
    • Meat & Poultry
    • Convenience Food
    • Others
  • Animal Feed
  • Cosmetic and Personal Care
  • Papermaking
  • Textile
  • Pharmaceuticals
  • Others

Region

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

What's Included

The report commences with the global economic outlook which depicts the world GDP in key countries and trade penetration of various distribution channels in countries. The effect of these parameters on the modified starch market is analyzed.

The executive summary of the modified starch market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global modified starch market.

Readers can find the detailed taxonomy and definition of the modified starch market in this chapter, which will help them understand the basic information about the modified starch market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the modified starch market report.

Readers can find the detailed taxonomy and definition of the modified starch market in this chapter. The associated industry assessment of the modified starch market is also carried out such as market trends, market dynamics, trade analysis, and supply and value chain. The consumer demand for modified starch are explained through consumer survey analysis and social media sentiment analysis of this chapter. This also highlights price point assessment by raw material, the average price of different raw materials of modified starch in different regions throughout the globe and its forecast till 2029. The factors influencing the prices of the modified starch are also explained in this section.

This chapter explains how the modified starch market will grow across the globe in various segments. Based on source, the modified starch market is segmented into barley, wheat, rye, maize, rice and maize/ Corn, wheat, potato, tapioca and rice. Based on product, the modified starch market is segmented into acetylated starch, physically modified starch and enzyme modified starch. Based on application, the modified starch market is segmented in food and beverages industry, Animal feed industry, papermaking, industry, cosmetic and personal care industry, textile industry, pharmaceutical industry, and other industries. Based on region, the modified starch market is segmented into North America, Latin America, Europe, APEJ, and Middle East & Africa.

This chapter includes a detailed analysis of the growth of the North America modified starch market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in North America.

Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting the growth of the Latin America modified starch market. This chapter also includes the growth prospects of the modified starch market in leading LATAM countries such as Brazil, Mexico, Chile, Peru, Argentina and Rest of Latin America.

Important growth prospects of the modified starch market based on its end users in several countries such as EU4, the U.K, Italy, BENELUX, Nordic, Russia, Poland and the Rest of Europe are included in this chapter.

Greater China, Japan, India, ASEAN, Australia & New Zealand, South Korea and Rest of APEJ are the leading countries in the APEJ region that are the prime subjects of assessment to obtain the growth prospects of the APEJ modified starch market in this chapter. Readers can find detailed information about the growth parameters of the APEJ modified starch market during the period 2019 - 2029.

This chapter provides information about how the modified starch market will grow in major countries in the MEA region such as GCC Countries, South Africa, North Africa, and Rest of MEA, during the forecast period 2019 - 2029.

In this chapter, readers can find detailed information about their analysis and market concentration of the key players in the modified starch market along with their market presence analysis by region and product portfolio. Also, readers can find a comprehensive list of all leading stakeholders in the modified starch market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Cargill, Incorporated, Archer Daniels Midland Company, Roquette Frères Company, Ingredion Incorporated, Tate & Lyle PLC, The Agrana Group, Emsland Group, The cooperative Avebe U.A., KMC Kartoffelmelcentralen A.M.B.A, BENEO GmbH, Chaodee Modified Starch Co., Ltd., Everest Starch India Pvt. Ltd., Global Bio-Chem Technology Group Company Limited, Grain Processing Corporation Company, Pars Khoosheh Pardaz Co., Samyang Corporation, SMS Corporation Co., Ltd, SPAC Starch Products (India) Ltd., Tongaat Hulett Starch, Zarand Agro Industry Co., Škrobárny Pelh?imov, Przedsi?biorstwo Przemys?u Ziemniaczanego S.A., Euroduna Food Ingredients GmbH, Lyckeby Starch AB, and many others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the modified starch report.

This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information about the modified starch market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Sales Heads
  • Production Managers
  • Distributors Heads
  • Sales Executives
  • Product Manufacturers
  • Distributors
  • Traders 
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near-term and Long-term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity Of Assumptions

Secondary Research

  • Industry Publications
    • Industrial Week
    • Industrial Product Review
    • Industrial Magazine
    • American Lung Association
    • Confederation of European Community 
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits modified starch market designations

Primary Interview Splits modified starch market stakeholders

Modified Starch Market Reports - Table of Contents

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