Modified Starch Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Modified Starch Market is Segmented By Source into Corn, Wheat, Cassava, and Potato; By Applications into Food & Beverages, Animal Feed, and Others; and By Geography.

Market Snapshot

Modified Starch Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.4 %
Modified Starch Market Key Players

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Market Overview

The global modified starch market is projected to grow at a CAGR of 4.4% during the forecast period.

  • The major sources for the modified starch industry are corn, potato, wheat, cassava, and tapioca. Corn is the dominant source for modified starch, while tapioca is the growing source of raw material for the industry. The food & beverage industry accounts for the largest market share.
  • Growth in functional food products, clean label demand, and achieving cost reduction in the production process are the major factors driving the applications of modified starch in the food industry. The confectionery & beverage industry accounts for the major share, while functional food application is growing at a faster rate in the food & beverage industry.

 

Scope of the Report

The market is studied for all the major sources of modified starches such as Corn, Wheat, Cassava, and Potato. The global modified starch market is segmented based on the form type and application. By application, the modified starch market is segmented into food & beverages, animal feed, and others. The other applications of modified starch include paper and corrugation, personcal care, construction adhesive. 

By Source
Corn
Wheat
Cassava
Potato
Application
Food & Beverages
Bakery & Confectionery
Beverages
Others
Animal Feed
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Italy
Spain
Rest of North America
Asia-Pacific
India
China
Australia
Japan
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
South Africa
Rest Middle East & Africa

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Key Market Trends

Growing Number of Obese and Diabetic People

Globally, there is a significant increase in the obese population, specifically in the middle and low-income countries. In 2014, more than 1.9 billion adults were overweight, of which 600 million were obese. Globally, about 13% of the adults, aged 18 years, were obese in the same year. About 41 million children under the age of five years were found to be obese in 2014. Nearly 48% of the obese children (age below five years) lived in Asia-Pacific. The rate of obesity has a similar trend among women. The marketing of food companies plays an important role in the prevalence of obesity. About 18% of the population under the OECD region are obese. One in three adults in Mexico, New Zealand, and the United States, one in four in Canada, Australia, Chile, and Hungary are obese. The rate is quiet low in Asia, with only 2-4% of the adults obese.

Modified Starch Market Key Trends

Asia-Pacific Remains the Fastest Growing Regions

The consumption pattern and developed economy in North America played a special role in triggering growth in the modified starch market. This region includes three major countries, namely, the United States, Canada, and Mexico. Among all the North American countries, the United States is clearly the dominating market. Innovation and developments of new products (such as, n-octenyl succinic anhydride-modified starch) and diversified applications of such modified starch products are also a reason for growth. The increasing scope for industrial applications and rapidly developing technology, especially in the subcontinent, have a positive impact on the Asia-Pacific modified starch market. Japan manufactures modified starches by using high technologies, which they have gained through cornstarch development.

Modified Starch Market Growth by Region

Competitive Landscape

The global modified starch market is fragmented, however few international players are focusing to increase the market share in developed economies. The leading participants includes Cargill, ADM, Roquette, Südzucker AG, Tate & Lyle, and Ingredion. ADM, Cargill Inc., Ingredion, Tate & lyle are the most active companies in the modified starch market. New product launch, acquisition and agreement/joint venture are the major strategies adopted by the companies in the modified starch market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Source

      1. 5.1.1 Corn

      2. 5.1.2 Wheat

      3. 5.1.3 Cassava

      4. 5.1.4 Potato

    2. 5.2 Application

      1. 5.2.1 Food & Beverages

        1. 5.2.1.1 Bakery & Confectionery

        2. 5.2.1.2 Beverages

        3. 5.2.1.3 Others

      2. 5.2.2 Animal Feed

      3. 5.2.3 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Spain

        7. 5.3.2.7 Rest of North America

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Australia

        4. 5.3.3.4 Japan

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 UAE

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Most Active Companies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Cargill Incorporated

      2. 6.4.2 Tate & Lyle PLC

      3. 6.4.3 Ingredion Incorporated

      4. 6.4.4 Archer Daniels Midland Company

      5. 6.4.5 Roquette Freres

      6. 6.4.6 Sdzucker AG

      7. 6.4.7 EMSLAND-STRKE GmbH

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Modified Starch Market market is studied from 2016 - 2026.

The Modified Starch Market is growing at a CAGR of 4.4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Archer Daniels Midland Company, Cargill, Incorporated, Roquette Freres, Tate & Lyle, Ingredion Incorporated are the major companies operating in Modified Starch Market.

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