(Food-Beverage-News.Com, January 08, 2019 ) The key participants in the supply chain of the modified starch market are the product manufacturers, end-use industries, and raw material suppliers. The key players that are profiled in the report include Cargill (US), Ingredion Incorporated (US), Archer Daniels Midland Company (US), Tate & Lyle Plc. (UK), and Avebe U. A. (Netherlands).
The market for modified starch stood at USD 9.93 Billion in 2017; it is projected to grow at a CAGR of 4.1% from 2018, to reach USD 12.67 Billion by 2023. The base year considered for the study is 2017, and the forecast period is from 2018 to 2023. The basic objective of the report is to define, segment, and project the global market size for modified starch on the basis of modification type, raw material, function, application, and region.
3 Executive Summary
Premium Insights 4.1 Attractive Opportunities in the Modified Starch Market 4.2 North America: Modified Starch Market 4.3 Modified Starch Market, By Raw Material & Region 4.4 Modified Starch Market, By Application & Region 4.5 Modified Starch Market Share: Key Countries 4.6 Modified Starch Market, By Region
Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Consumption of Processed and Convenience Food 5.2.1.2 Functional Properties of Modified Starch and Their Ease of Incorporation in A Wide Range of Food Applications 5.2.1.3 Growing Demand for Adhesives in A Range of Industrial Applications 5.2.1.4 Increasing Research & Development Activities to Develop Innovative Products 5.2.2 Restraints 5.2.2.1 Limited Sources and High Costs of Natural Additives 5.2.2.2 Growing Gum Arabic Market 5.2.3 Opportunities 5.2.3.1 Emerging Markets in Asia Pacific and Africa 5.2.3.2 Potential Alternative Sources of Modified Starch 5.2.3.3 Untapped Applications of Modified Starch 5.2.4 Challenges 5.2.4.1 Approval From Various Regulatory Bodies 5.2.4.2 Rising Costs of Raw Materials 5.3 Supply Chain Analysis
The modified starch market was led by the corn segment. Corn is a staple food, and it is preferred across the globe due to its importance in the diets of several countries; hence, the market for modified cornstarch accounted for the largest share in 2017.One of the most important applications of cornstarch is its use as a thickening agent in soups and liquid-based foods such as sauces, gravies, and custards.
Asia Pacific is projected to be the fastest-growing market for the period considered for this study, due to the rise in disposable income and increase in demand for convenience & processed food, along with the growing industrial base, leading to increased demand for modified starch in the region. In addition, the growing industrial applications, starch processing technologies, and ready availability of modified starch drive the market in Asia Pacific countries.
Report is targeted at the existing stakeholders in the industry, which include the following: • Regulatory and research organizations • Raw material producers, suppliers, and distributors • Modified starch manufacturers, traders, distributors, and dealers • Research and consulting firms
The key participants in the supply chain of the modified starch are the product manufacturers, end-use industries, and raw material suppliers. The key players that are profiled in the report include Cargill (US), Ingredion Incorporated (US), Archer Daniels Midland Company (US), Tate & Lyle Plc. (UK), and Avebe U. A. (Netherlands).
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The modified starch market was led by the corn segment in 2017. Corn is a staple food, and is preferred across the globe due to its importance in the diets of several countries. It can be consumed in a variety of ways, such as porridge, popcorn, vegetable, roasted or fired kernels, or as flour or meal. It is one of the most largely commercially available raw material of modified starch.
This report includes estimations of the market size in terms of value (USD million) and volume (million tons). Both, the top-down and bottom-up approaches have been used to estimate and validate the size of the global modified starch market and to estimate the size of various other dependent submarkets in the overall market.
