The modified starch market is a growing sector within the global food industry. Modified starches are starches that have been chemically or physically modified to enhance their functionality in various food applications. They can be used as thickeners, emulsifiers, stabilizers, and binders in a wide range of food products, including baked goods, sauces, soups, and beverages.
The global modified starch market is estimated to be valued at USD 13.7 billion in 2022. It is projected to reach USD 15.9 billion by 2027, recording a CAGR of 3.1% during the forecast period. The increasing demand for convenience foods, the growth of the food and beverage industry, and the growing awareness of clean label products are some of the key factors driving the growth of the modified starch market.
The Asia-Pacific region is expected to dominate the modified starch market during the forecast period, with countries such as China and India driving the growth. The increasing urbanization, rising disposable income, and changing dietary habits of consumers in the region are fueling the demand for processed and convenience foods, which, in turn, is boosting the demand for modified starches.
Some of the major players operating in the global modified starch market include Archer Daniels Midland Company, Cargill, Ingredion, Tate & Lyle, Roquette Frères, Avebe, Emsland Group, Grain Processing Corporation, and Agrana. These companies are investing in research and development activities to develop new and innovative modified starch products and to meet the changing needs and preferences of consumers.
Modified Starch Market Growth Opportunities:
Modified starch is a type of starch that has been altered from its original state through physical, chemical, or enzymatic processes. The modification of starch can result in a variety of functional properties, including increased stability, improved texture, and enhanced thickening or binding properties.
The modified starch market has seen significant growth in recent years, driven by the increasing demand for convenience foods and processed foods. Modified starches are used in a wide range of food products, including baked goods, dairy products, confectionery, and beverages. They are also used in non-food applications, such as in paper and textile production.
The Asia-Pacific region is the largest market for modified starch, accounting for more than 40% of the global demand. This is due to the region's large and growing population, as well as the increasing demand for convenience foods and processed foods in countries such as China and India. North America and Europe are also significant markets for modified starch.
The major players in the modified starch market include Cargill, Ingredion, Archer Daniels Midland Company, Tate & Lyle, and Roquette Frères. These companies invest heavily in research and development to create new and innovative modified starch products that meet the changing needs of the food and beverage industry.
Despite the growth in demand for modified starch, there are concerns about the potential health effects of consuming large amounts of processed foods that contain modified starch. Some studies have linked high consumption of processed foods to an increased risk of obesity, diabetes, and other health problems. As a result, there is a growing demand for healthier, more natural alternatives to modified starch in the food industry.
