The importance of food texture is as essential as its delicacy and nutritional values; modified starch is one such component that acts as a thickener of food. Adding modified starch is feasible as processed modified starch is fat-free and it provides a desired texture to the food without hindering its taste. According to a recent publication from IndustryARC, the global modified food market size stood at $10,800 million as of 2018. Following the growing trends in the food and beverage industry, the modified starch market is projected to grow at a compound annual growth rate (CAGR) of 4.20% during the forecast period of 2019 to 2025. This report covers Modified Starch Market Size by Product and applications, Modified Starch Market share by top 5 companies and also the market share by start-ups during the forecast period.
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Global Modified Starch Market: Leading Segments
Food and beverages industry is the most profitable vertical of the global modified starch market. The analysis report portrays that applications in this sector is growing at a CAGR of 5.25% through to 2025. Modified starch adheres to induce a low caloric and gluten-free nature to the food products it is added to; this feature is responsible for the growing demands of modified starch in the food and beverages industry.
The highest demand of modified starch comes from North America. The influence of convenience food in the region is the most justifiable aspect for growth in the modified starch market. The region grabs 43% of the total modified starch market share. Prevalence of corn starch in the supply chain of processed food products is gauging the growth in the global modified starch market.
Global Modified Starch Market Industry Analysis
Growth in the modified starch market is generated by the increasing demands witnessed from the food and beverages industry. Starch derivatives are used as food-additives in beverages foods, bakery & confectionary, and processed foods. Furthermore, attributes such as fat replacer, texture improver, and nutritional value enhancer are promoting the application of modified starch in new age convenience food products. Changing lifestyle of the populous in both the emerging and developed economies are ballooning the rampant growth of the modified starch market.
Global Modified Starch Market Trends
Modified starches once blended with wheat flour can optimize the quality of bread and slowdown staling. The bread prepared with chemically modified starch has a softer bread crumb and retarded firming when compared to conventional bread. Cassava is a multipurpose crop grown for its massive starch-rich roots. It serves as a staple product for feedstock. Apparently, the crop finds variant applications such as manufacturing of paper, biodegradable materials, biofuels, animal feed, and pharmaceuticals.
Global Modified Starch Market: Competitive Landscape
Some of the key players mentioned in the report that are currently leading the modified starch market are Grain Processing Corporation, Emsland-St?rke GmbH, The Agrana Group and Sms Corporation Co. Ltd, The Archer Daniels Midland Company, Cargill, Incorporated, Ingredion Incorporated, Tate & Lyle PLC, Roquette Fr?res, The cooperative Avebe U.A.
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