Market Share of Modified Starch Industry
The global modified starch market is fragmented. However, few international players are focusing on increasing their market share in developed economies. The leading players, including Archer Daniels Midland Company, Cargill Incorporated, Ingredion Incorporated, Roquette Freres, and Tate & Lyle, are the most active companies in the modified starch market.
New product launches and innovations are the major strategies adopted by companies to strengthen their business. The strategy of forming new agreements and partnerships with local players has helped the companies increase their footprint in foreign countries and release new products according to the consumers' changing preferences, and leverage the expertise of these small regional companies.
For instance, in April 2021, Cargill Inc. partnered with Starpro, a key food-grade tapioca starch producer in Thailand, to expand its specialty tapioca starch offerings in the Asia-Pacific region. The collaboration will support food manufacturers' product processing requirements and meet consumers' sensory expectations.
Modified Starch Market Leaders
Roquette Freres
Ingredion Incorporated
Tate & Lyle
Cargill, Incorporated
Archer Daniels Midland Company
*Disclaimer: Major Players sorted in no particular order
