Modified Starch Market Analysis And Growth Forecast 2024-2032

Global Modified Starch Market Analysis

The global modified starch market is poised to reach US$ 18.65 billion by 2032, growing at a CAGR of 4.60% from 2024 to 2032. In 2023, the market was valued at US$ 12.44 billion, and its growth is driven by a variety of factors, including the rising demand for processed and convenience foods, the increasing use of modified starch in cosmetics, and its adoption in the fast-food industry.

Modified starch refers to starches that have been altered from their natural form to enhance their properties, such as improving texture, stability, and viscosity. Unlike genetically modified starch, modified starch is derived from natural sources like grains (corn, wheat, cassava) and vegetables, making it suitable for use across a wide range of industries, including food, pharmaceuticals, and personal care.

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Key Growth Drivers for the Global Modified Starch Market

  1. Rising Demand for Processed and Convenience Foods: Modified starch plays a crucial role in the food industry, preventing issues like liquid separation and ensuring the consistency of ready-to-eat meals and packaged products. As consumer preference shifts towards convenience foods due to their ease of preparation and long shelf-life, the demand for modified starch is expected to rise. The U.S. and U.K. lead in processed food consumption, with 50% and 57% of daily caloric intake, respectively, derived from processed foods.
  2. Growth in Cosmetics and Personal Care: Modified starch is increasingly used in the cosmetics industry, particularly in formulations for creams, lotions, and hair care products, due to its ability to provide texture, balance, and stability. The trend toward chemical-free skincare and haircare solutions has further spurred the demand for modified starch in cosmetics, particularly from natural sources like tapioca, potato, and maize starch.
  3. Expansion of Fast Food Chains: The fast-food industry, known for its growth and profitability, has increasingly incorporated modified starch into its products. Modified starch is used to enhance the texture, improve fat replacement, and stabilize food products under varying temperature conditions. With the expansion of fast-food chains and the continuous introduction of new products, the need for modified starch is also on the rise.

Regional Analysis: Asia-Pacific Market Growth

The Asia-Pacific region is set to experience the fastest growth in the global modified starch market. The region’s robust agricultural sector and increasing industrialization, particularly in China and India, contribute significantly to this growth. Events such as the Starch Expo 2022 in China, focused on innovation and sustainable practices, have helped position Asia as a key player in the starch market. Furthermore, initiatives by governments and industry players to improve the starch supply chain will continue to boost market expansion in the region.

Global Modified Starch Market Industry News

  • Ingredion Inc. recently launched NOVATION® Indulge 2940 starch, a non-GMO functional native corn starch, offering unique textures for dairy products and desserts.
  • Roquette introduced an organic pea protein starch to meet the growing demand for plant-based alternatives in the food industry.
  • Cargill Inc. expanded its presence in Asia with a new corn wet mill facility in Surabaya, Indonesia, valued at USD 100 million, to cater to growing demand for starches and sweeteners in the region.

Market Segmentation

  • Raw Materials:
    • Corn
    • Wheat
    • Cassava
    • Others
  • Products:
    • Starch Esters & Ethers
    • Resistant
    • Cationic
    • Pre-Gelatinized
    • Others
  • Form:
    • Dry
    • Liquid
  • Function:
    • Thickeners
    • Stabilizers
    • Binders
    • Emulsifiers
    • Others
  • End-Use:
    • Food & Beverage
    • Animal Feed
    • Paper
    • Pharmaceutical
    • Textiles
    • Others

Key Players in the Market

  1. Cargill Inc.
  2. Ingredion Inc.
  3. Archer Daniels Midland Company
  4. Tate and Lyle
  5. Associated British Foods plc
  6. Tereos Group
  7. Sudzucker AG
  8. Global Bio-Chem Technology Group Company Ltd.

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These players are engaged in various strategies such as innovation, strategic expansions, and acquisitions to strengthen their positions in the modified starch market.

This analysis highlights the key factors contributing to the growth of the modified starch market, including the increasing demand in processed foods, personal care products, and fast-food chains, alongside regional trends in Asia-Pacific. Leading companies are driving the market through product innovations and expanding production capacities to meet the growing global demand.

 

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