Modified Starch Market to Reach $17.98 Billion by 2031
Meticulous Research®, a global market intelligence leader, has recently published its latest analysis titled “Modified Starch Market Size, Share, Forecast, & Trends Analysis by Product Type (Acetylated Distarch Adipate, Dextrin, Maltodextrin), Raw Material (Corn, Cassava), Production Method (Chemical), Function, Form, End-use Industry - Global Forecast to 2031.”
This report projects that the modified starch market will expand to $17.98 billion by 2031, with a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031. The market is expected to grow due to the increasing demand for processed and convenience foods, the broadening range of applications for modified starch, significant investments in starch processing, and the rising preference for sustainable, bio-based products. However, the market's growth is constrained by challenges such as the limited availability of natural additives, high costs, and a preference for alternatives like gum arabic.
Opportunities for market growth are likely to arise from the increasing demand for starch-based bioplastics and the development of emerging markets in Latin America, Asia-Pacific, and the Middle East & Africa. On the other hand, strict regulatory approvals and rising raw material costs present considerable challenges.
The modified starch market is segmented by product type (including acetylated distarch adipate, maltodextrin, hydroxypropyl distarch phosphate, pre-gelatinized starch, and others), raw material (corn, cassava, potato, wheat), production method (chemical, physical, and enzymatic modification), function (thickener, binder, stabilizer, emulsifier), form (dry/powder and liquid), and end-use industry (food & beverage, animal nutrition, textiles, cosmetics, pharmaceuticals, papermaking). The report also offers a regional breakdown covering North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa.
Within the product type category, acetylated distarch adipate is anticipated to hold the largest market share of 28.8% by 2024, driven by its extensive use as a thickener and stabilizer in the food & beverage sector. Corn is expected to lead the raw material segment with a 47.8% share, benefiting from its versatility and cost-effectiveness. The chemical modification method is projected to dominate the production method segment with a 66.9% share, due to its ability to enhance starch's functional properties. The thickener function segment is forecasted to hold the largest share of 45.2%, reflecting the growing demand for modified starches in food production to achieve desired textures. The dry/powder form is anticipated to capture a 64.5% share, driven by its ease of use and stability. The food & beverage industry is expected to lead the end-use industry segment with a 50.8% share, fueled by the rising demand for convenience foods.
Regionally, North America is projected to account for the largest market share of 38.1% in 2024, followed by Europe and Asia-Pacific. The North American market is expected to reach a value of $5.16 billion by 2024, supported by a strong food & beverage industry and the growing preference for sustainable ingredients.
Key Players
The modified starch market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the modified starch market are Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Archer-Daniels-Midland Company (U.S.), Roquette Frères (France), Tate & Lyle Plc (U.K.), AGRANA Beteiligungs-AG (Austria), Royal Avebe (Netherlands), Emsland-Stärke GmbH (Germany), Grain Processing Corporation (U.S.), Global Bio-chem Technology Group Company Limited (China), Asia Fructose Co., Ltd. (Thailand), Angel Starch and Foods Pvt. Ltd. (India), SMS Corporation Co., Ltd. (Thailand), Royal Ingredients Group B.V. (Netherlands), and SPAC Starch Products Ltd. (India) Private Limited (India).
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Key Questions Answered in the Report:
- What is the current revenue generated from the modified starch market?
- At what rate is the global demand for modified starch projected to grow for the next 5-7 years?
- What is the historical market size and growth rate for the modified starch market?
- What are the major factors impacting the growth of this market at global and regional levels?
- What are the major opportunities for existing players and new entrants in the market?
- Which product type, raw material, production method, function, form, and end-use industry segments are expected to create major traction for the manufacturers in this market?
- What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the modified starch market?
- Who are the major players in the modified starch market? What are their specific product offerings in this market?
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