IMARC Group, a leading market research company, has recently releases report titled “Modified Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The global modified starch market size reached US$ 13.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.93 Billion by 2028, exhibiting a growth rate (CAGR) of 4.80% during 2023-2028.

What is Modified Starch Market?

Modified starch, also known as starch derivative, is prepared by physically, enzymatically, and chemically treating native starch to alter its inherent properties, including acid and alkali resistance, freeze-thaw stability, sheer stability, etc. It is gluten-free and widely used as an emulsifier, stabilizer, binder, and thickening agent in preparing bakery products, chips, canned soups, biscuits, low-fat ice creams, noodles, etc. In line with this, modified starch consists of starch esters and ethers, resistant, cationic, pre-gelatinized, and others.

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What are the growth prospects and trends in the industry?

The increasing demand for convenient and ready-to-eat (RTE) food products, on account of the expanding working population and hectic schedules of individuals, is among the key factors stimulating the modified starch market. Besides this, the expanding food and beverage (F&B) industry and the growing number of fast-food restaurants and cloud kitchens are catalyzing the need for modified starch to intensify the texture, flavor, and taste of prepared food, which is positively influencing the global market. Furthermore, it is also utilized in the paper-making sector to produce premium quality paper with high strength, suitable surface size, coating, and calendaring, thereby propelling the market growth. Apart from this, the widespread adoption of chemically modified starch to formulate numerous pharmaceutical drugs with improved solubility and flow properties is acting as another significant growth-inducing factor. Additionally, the rising consumer inclination towards gluten-free food, extensive investments in R&D activities by key market players, and the introduction of advanced technology for starch processing to enhance the capabilities of derivatives are expected to fuel the modified starch market in the coming years.

Who are the key players operating in the industry?

AGRANA Beteiligungs-AG (AGRANA Zucker, Stärke und Frucht Holding AG), Archer-Daniels-Midland Company, Cargill Incorporated, Emsland-Stärke GmbH, Grain Processing Corporation (Kent Corporation), Ingredion Incorporated, Novidon B.V. (Duynie Group), Roquette Frères, SMS Corporation, Tate & Lyle PLC, Tereos and The cooperative Royal Avebe U.A.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Raw Material:

• Corn

• Cassava

• Wheat

• Potato

• Others

Breakup by Type:

• Starch Esters and Ethers

• Resistant

• Cationic

• Pre-gelatinized

• Others

Breakup by Function:

• Thickeners

• Stabilizers

• Binders

• Emulsifiers

• Others

Breakup by Application:

• Food and Beverages

• Animal Feed

• Paper

• Pharmaceuticals

• Textiles

• Others

Market Breakup by Region:

• North America (United States, Canada)

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa

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