Modified Starch Market – Trends Forecast Till 2030

Market Snapshot

Market Overview

The Modified Starch Market size was estimated at USD 14.1 billion in 2023 and is projected to reach USD 17.27 billion in 2030 at a CAGR of 2.94% during the forecast period 2023-2030.

Modified starches are plant-based additions or components that come from tubers like potatoes and cereals like corn and wheat. They are a member of the family of carbohydrates. Based on starch derived from grains and vegetables including wheat, maize, and potatoes, modified starches are made. Later on, this starch was enhanced to acquire certain qualities, such as the capacity to impart texture and structure to the meal to which it is added. Starches can acquire particular capabilities depending on the procedure, which is advantageous for example in some food preparation methods.

Due to its various benefits, modified starch is used in a variety of sectors, including food, papermaking, cosmetics, personal care, and textiles. Modified starch is a versatile ingredient used in the personal care and cosmetics industries. As the demand for natural cosmetics has increased over the past few years and is anticipated to continue to expand in the next years, manufacturers are creating new cosmetic products employing organic components such modified starch.

The growth of the Modified Starch market is mainly being driven by the increasing demand for natural ingredients in food. Modified starch is a natural ingredient that is widely used in food products as a thickener, binder, emulsifier, and stabilizer. The increasing demand for natural ingredients in food is expected to drive the growth of the modified starch market. Moreover, the rising demand for natural sweeteners in beverages and the growing use of modified starch in various end-use industries is expected to drive the growth of the market further during the forecast period.

On the other hand, due to the extra processing and modification procedures needed, modified starches are often more costly than native starches. Manufacturers may be constrained by the greater price, particularly those in price-sensitive industries or with slim profit margins.

The market was affected by COVID-19 in both good and bad ways. When the epidemic hit, people hurried to stockpile items with longer shelf life, which increased demand for processed and packaged foods and increased demand for modified starch. However, owing to lockdowns and restrictions everywhere, a large number of eateries and food service establishments were closed, and the food and beverage supply chain was affected. The market is likely to recover to its pre-COVID levels as the supply chain is progressively restored and restaurants and other food service facilities begin to reopen.

Delvens Industry Expert's Standpoint

The Modified Starch Market is expected to grow during the forecast period. This growth can be attributed to various factors such as the increasing demand for natural ingredients in food, the rising demand for natural sweeteners in beverages and the growing use of modified starch in various end-use industries. However, modified starches are more expensive compared to native starches due to the extra processing and modification procedures needed. This can affect the growth of the market during the forecast period.

Market Portfolio

Key Findings

• Based on product, the market is segmented into starch esters & ethers, resistant, cationic, pre-gelatinized, others. The starch esters & ethers dominated the market in this segment due to their capacity to extend the shelf life and enhance food texture. The usage of these goods in bakery, convenience, and dairy meals is anticipated to rise during the forecast period.
   
• Based on material, the market is bifurcated into corn, wheat, cassava, potato, others. Corn dominated the market in this segment because there is a large supply and a large demand. It is frequently employed to thicken culinary dishes with a liquid foundation, such as gravies, puddings, sauces, soups, and custards. Numerous industrial uses exist for corn starch, which is adaptable and simple to modify. These uses include anti-sticking agents and adhesives in the papermaking sector. Additionally, it is employed in the manufacture of textiles, sugar, and corn syrup.
   
• Based on function, the market is segmented into stabilizers, thickeners, emulsifiers, binders, others. Thickeners dominated the market in this segment. Modified starch is a thickening agent that increases the viscosity of any liquid without significantly changing its other characteristics. The food and beverage sector regularly use it, especially in puddings, sauces, soups, and gravies, without altering the flavour, which will increase demand for the product.
   
• Based on end use, the market is segmented into food & beverage, animal feed, paper, pharmaceuticals, textiles. Food & Beverages industry dominated the market in this segment. Ready-to-drink mixtures can be enhanced by the addition of modified starches, which are great taste transporters. For a velvety smoothness in coffee, slushies, smoothies, and other beverages, it slightly increases viscosity. It improves the quality of such baked items when added to pasta, soup, and mayonnaise. In many different sectors, especially those that employ flavoured oils, it is also highly helpful for emulsifying final goods.
   
• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Asia Pacific is estimated to account for the largest market share during the forecast period. The Asia-Pacific region is growing significantly as a result of the use of modified starch in a variety of applications. It helps stabilize or thicken culinary preparations, particularly sauces. Thus, the industrial starches industry is expanding more quickly in tandem with the expanding demand for sauces and condiments. The region's need for starch has been driven up by the rising industrial sectors, which include everything from the textile to the cosmetics industries. One of the biggest users of modified starches in the Asia Pacific area is the food sector.

Regional Analysis

Asia-Pacific to Dominate the Market

• Asia-Pacific is estimated to account for the largest market share during the forecast period because of the use of modified starch in a variety of applications.

• Moreover, the region’s need for starch has been driven up by the rising industrial sectors such as textiles and cosmetics industries.

Competitive Landscape

• ADM
• Agrana Beteiligungs AG
• Avebe U.A.
• Beneo-Remy N.V.
• Cargill, Incorporated
• China Essence Group Ltd.
• Emsland-Stärke GmbH
• Global Bio-Chem Technology Group Company Limited
• Grain Processing Corporation
• Ingredion Incorporated
• Japan Corn Starch Co. Ltd
• KMC (Kartoffelmelcentralen) Amb
• PT Budi Starch & Sweetener Tbk
• Roquette Frères
• Samyang Genex Corp.
• Sdzucker AG
• Siam Modified Starch Co., Ltd.
• Tate & Lyle PLC
• ULRICK&SHORT
• Visco Starch

Recent Developments

• In October 2022, the Danish farmer-owned cooperative AKV Langholt AmbA has acquired Cargill’s 50% share in their mutual joint venture Cargill-AKV I/S. With the acquisition, AKV has expanded its product line to include 90,000 tons of native and modified potato starches for the global food and paper sectors, as well as proteins and starches from the potato for the feed and pet food businesses.
   
• In October 2022, Roquette introduced organic pea protein starch as a dairy and meat replacement. This new grade of organic pea starch was developed for the US and European Union (EU) markets by ingredients supplier Roquette.

Reasons to Acquire

• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
   
• Gain authentic and granular data access for the Modified Starch Market to understand the trends and the factors involved in changing market situations.
   
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
   
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

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