A new report from Meticulous Research® titled   Modified Starch Market   Size, Share, Forecast, & Trends Analysis by Product Type, Raw Material, Production Method, Function, Form, End-use Industry - Global Forecast to 2031’ estimates that the global modified starch market will reach $17.98 billion by 2031, at a CAGR of 4.1% from 2024 to 2031. The growing demand for processed and convenience foods, coupled with the increasing functionality of modified starch, is driving the market. Technological advancements and increased investment in starch modification techniques are further supporting this growth. However, the high cost of natural additives and the popularity of gum arabic as a substitute for starch-based additives pose challenges for the market.

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Opportunities and Challenges in Emerging Markets

The rising demand for starch-based bioplastics in emerging markets such as Latin America, Asia-Pacific, and the Middle East & Africa presents new opportunities for market expansion. As these regions continue to industrialize and consumer demand grows, companies in the modified starch market have the chance to capitalize on these emerging trends. However, stricter regulations around product approvals and increasing raw material prices are challenges that could impact the pace of market growth.

Detailed Segmentation of the Market

Based on product type, acetylated distarch adipate is expected to dominate the market, accounting for 28.8% of the market share in 2024. Its significant presence in the food and beverage industry, where it acts as a bulking agent, stabilizer, and thickener, contributes to its market leadership. Corn is set to remain the primary raw material, with a projected 47.8% share in 2024, owing to its availability, cost-effectiveness, and versatility in food production.

Focus on Chemical Modification and Key Applications

Chemical modification of starches is expected to account for the largest share (66.9%) of the market in 2024. Chemical processes enhance starch properties, improving solubility and stability, making them suitable for a range of industries, including food, pharmaceuticals, and cosmetics. In terms of function, the thickener segment will dominate with a 45.2% share, driven by its essential role in providing texture and consistency in processed food products.

Geographical Insights and Industry Trends

In terms of geography, North America is expected to hold the largest market share (38.1%) in 2024, driven by its strong food and beverage industry and rising demand for sustainable ingredients. The food and beverage sector, accounting for 50.8% of the market, will continue to benefit from the versatility and functionality of modified starches, particularly as consumer demand for ready-to-eat and convenience foods grows.

Conclusion

The modified starch market is on track for steady growth, driven by demand in the food and beverage sector and opportunities in emerging markets. Despite challenges such as regulatory hurdles and raw material cost increases, companies can leverage technological advancements and emerging demand in Latin America and Asia-Pacific to capitalize on growth opportunities.

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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).   

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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