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. Modified starch is a versatile ingredient that has the ability to transform basic properties of native starch to suit the specific requirements of various industries. With its exceptional characteristics such as bulk water absorption, emulsification, and thickening properties, modified starch has opened up a vast spectrum of applications. Not only does it enhance the quality of food & beverages, but it has also proven to be a game-changer in the textile and paper industry. By serving as a texture agent, fat replacer, and emulsifier, modified starch has become a critical ingredient in the formulation of products across different sectors. Thanks to the advanced processing technology used to develop modified starch, it has become possible to create tailor-made ingredients that can solve a wide range of formulating challenges.
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Modified starch is a versatile ingredient that is widely used in the food industry. It is derived from natural starches and has been chemically or physically modified to improve its functionality. The modified starch market is growing at a steady pace, driven by factors such as the increasing demand for convenience foods, the rise in disposable income, and the growth of the processed food industry.
One of the key trends in the modified starch market is the increasing demand for clean label products. Consumers are becoming more health-conscious and are looking for products that are free from artificial ingredients. Modified starches that are derived from natural sources and are minimally processed are gaining popularity. In response to this trend, manufacturers are investing in the development of clean label modified starches.
Another trend in the market is the growing demand for modified starches with specific functionalities. For example, modified starches that can withstand high temperatures, freeze-thaw cycles, or acidic conditions are in high demand in the food industry. Manufacturers are developing modified starches that can provide specific functionalities such as improved texture, stability, and shelf life.
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The modified starch market in the Asia Pacific region is the largest. The market is estimated to grow at a significant growth rate, owing to the rising demand in large economies, such as China, India, Japan, and other Southeast Asian countries. The industrial organization and technology of starch processing are changing rapidly in the region. Unlike other regions where starch is processed almost entirely by large companies, in Asia Pacific, starch processing is done by small and medium-sized firms. Historically, native starch has been largely used for food products in the region. The industrial applications and technologies involved in starch processing are changing rapidly in the Asia Pacific countries. Modified starch is increasingly being demanded by many industries in the region. Various industries are incorporating modified starches in their manufacturing processes and products.
The key players in this market include ADM (US), Cargill (US), Ingredion (US), Tate & Lyle (UK), Roquette Frères (France), Avebe U.A (Netherlands), Grain Processing Corporation (US), Emsland (Germany), AGRANA (Austria), SMS Corporation (Thailand), Global Bio-Chem Technology Group (Hong Kong), SPAC Starch (India), Qindao CBH Company (China), Tereos (France), and KMC (Denmark).
