Modified Starch Market to Reach $17.98 Billion by 2031

Modified Starch Market Size, Share, Forecast, & Trends Analysis by Product Type (Acetylated Distarch Adipate, Dextrin, Maltodextrin), Raw Material (Corn, Cassava), Production Method (Chemical), Function, Form, End-use Industry - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Modified Starch Market Size, Share, Forecast, & Trends Analysis by Product Type (Acetylated Distarch Adipate, Dextrin, Maltodextrin), Raw Material (Corn, Cassava), Production Method (Chemical), Function, Form, End-use Industry - Global Forecast to 2031’.

According to this latest publication from Meticulous Research^®, the modified starch market is projected to reach $17.98 billion by 2031, at a CAGR of 4.1% from 2024 to 2031. The growth of the modified starch market is driven by the growing demand for convenience & processed foods, the functional properties & widening food applications of modified starch, increasing investments in the starch market, the growing demand for bio-based products, technological advancements in starch modification equipment, and the rapid growth of the bakery industry. However, the limited sources & high costs of natural additives and the high preference for gum arabic restrain the growth of this market.

Furthermore, the increasing demand for starch-based bioplastics and emerging economies in Latin America, Asia-Pacific, and the Middle East & Africa are expected to offer market growth opportunities. However, stringent regulatory processes for the approval of modified starch products and increasing raw material costs are major challenges impacting the growth of the modified starch market.

Key Players

The modified starch market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the modified starch market are Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Archer-Daniels-Midland Company (U.S.), Roquette Frères (France), Tate & Lyle Plc (U.K.), AGRANA Beteiligungs-AG (Austria), Royal Avebe (Netherlands), Emsland-Stärke GmbH (Germany), Grain Processing Corporation (U.S.), Global Bio-chem Technology Group Company Limited (China), Asia Fructose Co., Ltd. (Thailand), Angel Starch and Foods Pvt. Ltd. (India), SMS Corporation Co., Ltd. (Thailand), Royal Ingredients Group B.V. (Netherlands), and SPAC Starch Products Ltd. (India) Private Limited (India).

The modified starch market is segmented by product type (acetylated distarch adipate, maltodextrin, hydroxypropyl distarch phosphate, pre-gelatinized starch, distarch phosphate, cationic starch, functional clean-label starch, acetylated starch, monostarch phosphate, hydroxypropyl starch, dextrin (dextrinized starch), acetylated distarch phosphate, octenyl succinic anhydride (OSA) starch, phosphated distarch phosphate, and other modified starches), raw material (corn, cassava, potato, wheat, and other raw materials), production method (chemical modification, physical modification, and enzymatic modification), function (thickener, binder, stabilizer, emulsifier, and other functions), form (dry/powder and liquid), end-use industry (food & beverage {processed foods and beverages}, animal nutrition {poultry, ruminants, swine, and other animals}, textile, cosmetics and personal care, pharmaceutical, paper making, and other end-user industries), and geography (North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the regional and country-level markets.

Based on product type, the modified starch market is segmented into acetylated distarch adipate, maltodextrin, hydroxypropyl distarch phosphate, pre-gelatinized starch, distarch phosphate, cationic starch, functional clean-label starch, acetylated starch, monostarch phosphate, hydroxypropyl starch, dextrin (dextrinized starch), acetylated distarch phosphate, octenyl succinic anhydride (OSA) starch, phosphated distarch phosphate, and other modified starches. In 2024, the acetylated distarch adipate segment is expected to account for the largest share of 28.8% of the modified starch market. The large market share of this segment can be attributed to the growing utilization of acetylated distarch adipate within the food & beverage industry, where it serves as a bulking agent, stabilizer, and thickener, amplifying the functional attributes of various products.

Based on raw material, the modified starch market is segmented into corn, cassava, potato, wheat, and other raw materials. In 2024, the corn segment is expected to account for the largest share of 47.8% of the modified starch market. The large market share of this segment can be attributed to the increasing use of corn as a primary ingredient for producing modified starch, driven by its various benefits, such as versatility, cost-effectiveness, widespread availability, and extensive application within the food & beverage industry.

Based on production method, the modified starch market is segmented into chemical modification, physical modification, and enzymatic modification. In 2024, the chemical modification segment is expected to account for the largest share of 66.9% of the modified starch market. Chemical modification allows for the creation of a wide range of starch-based products with tailored properties to suit specific applications across various industries, such as food & beverage, pharmaceuticals, textiles, paper, and personal care products. Moreover, chemical modification also improves the functional properties of starch, such as its solubility, viscosity, and stability, further raising its suitability for industrial applications. These benefits of chemical modification contribute to the large market share of this segment.

Based on function, the modified starch market is segmented into thickener, binder, stabilizer, emulsifier, and other functions. In 2024, the thickener segment is expected to account for the largest share of 45.2% of the modified starch market. The large share of this segment can be attributed to the benefits offered by modified starch in the F&B sector, such as desired texture, consistency, moisture, transparency, and cost-effectiveness. The use of modified starch as a thickener provides formulators with greater flexibility, reliability, and efficiency in developing a wide range of food products with consistent quality and performance.

Based on form, the modified starch market is segmented into dry/powder and liquid. In 2024, the dry/powder segment is expected to account for the larger share of 64.5% of the modified starch market. The large market share of this segment can be attributed to the advantages offered by dried modified starches over their liquid counterparts, such as better homogeneity, ease of use & transportation, better stability, and availability in a wide range of grades to suit different applications.

Based on end-use industry, the modified starch market is segmented into food & beverage, animal nutrition, textiles, cosmetics & personal care, pharmaceuticals, papermaking, and other end-use industries. In 2024, the food & beverage segment is expected to account for the largest share of 50.8% of the modified starch market. The large market share of this segment is mainly attributed to the high utilization of modified starches in food and beverages mainly due to their versatility and functionalities, such as thickening, stabilizing, and enhancing texture. Moreover, increasing demand for convenience food products, functional ingredients, and rising demand for ready-to-eat and ready-to-cook food products are further supporting the growth of this segment.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (the U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa.

In 2024, North America is expected to account for the largest share of 38.1% of the modified starch market, followed by Europe and Asia-Pacific. The North America modified starch market is estimated to be worth USD 5.16 billion in 2024. North America’s significant market share can be attributed to the well-established food & beverage sector, the growing demand for natural and sustainable ingredients, high awareness regarding the benefits of modified starch across various applications, and the presence of major market players in the region.

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Key Questions Answered in the Report:

What is the current revenue generated from the modified starch market?
At what rate is the global demand for modified starch projected to grow for the next 5-7 years?
What is the historical market size and growth rate for the modified starch market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which product type, raw material, production method, function, form, and end-use industry segments are expected to create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the modified starch market?
Who are the major players in the modified starch market? What are their specific product offerings in this market?

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