A recent report published by Infinium Global Research on the modified starch market provides an in-depth analysis of segments and sub-segments in the global as well as a regional modified starch market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional modified starch market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global modified starch market. According to the report, the global modified starch market is projected to grow at a CAGR of 3.9% over the forecast period of 2019-2025.
The growing demand of the different type of the thickener, binder, stabilizers, and emulsifiers in the food and beverage industry, animal feed and other industrial application is helping to grow the demand of the different type of modified starch products. The modified starch is a type of food additive, derived from treating starch or starch granules. It has several unique properties such as it helps to improve the water holding capacity, minimized syneresis of starch and improved thickening, improve the binding capacity and others, which facilitates its application in several industries.
The continuous growing demand for the convenience food and pharmaceutical product around the world is helping to grow the demand of the modified starch market. Further, owing to its unique properties as thickness, stabilizing and binding its application is growing day by day in the food processing industries, animal feed industry and other industrial application at a significant rate. Further, owing to its unique binding properties, its application in the paper manufacturing industry, where it facilitates to prepare a good quality paper of the required size for several industrial uses. However, the availability of the substitute for the modified starch is restricting the growth of the modified starch market. The continuous growing demand of the different type of the modified starch for the industrial application such as food and beverage, animal feed, paper, and pulp industries are expected to grow the demand of the modified starch in the developing countries in the near future.
Geographically, the modified starch market is segmented into four regions, namely North America, Europe, the Asia-Pacific, and RoW. North America is the largest market of the modified starch-based products, owing to the presence of the several food processing companies, animal feed manufacturing companies, and paper and pulp industries in this region. Additionally, the presence of the several aware consumer groups, who are very much familiar about the numerous application of the modified starch is helping to boost the demand of the modified starch-based product in this region. Europe is the second-largest market after North America for the modified starch products. The Asia-Pacific modified starch market expected to grow at the highest CAGR during the forecast period, owing to the growing demand of the modified starch for animal feed production, food, and beverage manufacturing and other industrial application.
The report on global modified starch market covers segments such as source, application, and function. On the basis of source, the sub-markets include corn, cassava, potato, wheat, and other sources. On the basis of application, the sub-markets include food and beverages, animal feed, and other applications. On the basis of function, the sub-markets include thickeners, stabilizers, binders, emulsifiers, and other function.
The report provides profiles of the companies in the market such as The Agrana Group, Emsland-Stärke GmbH, Grain Processing Corporation, The cooperative Avebe U.A., Roquette Frères, Tate & Lyle PLC, Ingredion Incorporated, Cargill, Incorporated, The Archer Daniels Midland Company, and SMS Corporation Co., Ltd.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the modified starch market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.