Global Modified Starch Market Analysis

Global Modified Starch Market size will be about US$ 18.65 Billion by 2032. The CAGR for the market from 2024 to 2032 is 4.60%. Renub Research states that it amounted to US$ 12.44 Billion in 2023.

"Modified" does not imply genetically modified. Modified starch is extracted from grains and vegetables. This starch has subsequently developed particular characteristics, like adding texture and structure to the meals to which it is added. Depending on the manner, starches can accumulate unique functionalities that are useful to particular food preparation strategies. Modified starches are used as excipients in the manufacture of medicines within the pharmaceutical industry, while in the cosmetics enterprise, they are added to pastes, dry shampoos, or bath starches. Modified starches also are added to adhesives and assist in paper production.

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Modified starches are derivatives of starches obtained from sources such as corn, potato, wheat, and cassava. They undergo physical, enzymatic, or chemical processing to alter their properties, enhancing their performance in specific applications. These modifications improve the starch’s stability, texture, and resistance to extreme conditions like high temperatures, acidity, or shear forces.

Modified starches are crucial as thickeners, stabilizers, and emulsifiers in the food and beverage industry. They are widely used in soups, sauces, dressings, baked goods, and confectionery. The demand for convenience foods and ready-to-eat meals has surged, particularly in urban areas, driving the need for modified starches to enhance shelf life, texture, and mouthfeel. The growing trend towards clean-label products has led manufacturers to develop modified starches that meet consumer demands for natural and recognizable ingredients.

The pharmaceutical industry utilizes modified starches as disintegrants and binders in tablet formulations, ensuring proper drug delivery and absorption. Their non-toxic and biodegradable nature makes them ideal for these applications. Similarly, in the textile and paper industries, modified starches improve the strength, printability, and finish of fabrics and papers, reflecting their versatility.

Geographically, the Asia-Pacific region dominates the modified starch market, driven by its large agricultural base, increasing industrialization, and expanding food processing industry. Countries like China, India, and Thailand are major producers and consumers of modified starches. North America and Europe also represent significant markets characterized by advanced food and pharmaceutical sectors and strong demand for processed and convenience foods.

Technological advancements and ongoing research and development activities are critical market growth drivers. Innovations aimed at producing modified starches with specific functional properties, such as high resistance to heat and acid or enhanced emulsification capabilities, are continually expanding the range of applications.

Environmental sustainability is becoming increasingly important, leading to the development of bio-based and biodegradable modified starches. This aligns with global efforts to reduce plastic use and carbon footprints, further boosting the market's growth prospects.

Asia-Pacific Modified Starch Market

Asia-Pacific could experience the quickest boom within the global modified starch market. This is due to the region's heavy reliance on agriculture for financial improvement. The Economic Survey 2022-23, tabled in the Parliament by the Union Minister of Finance and Corporate Affairs Nirmala Sitharaman, cited that the agriculture area grew 4.6% annually in the past six years. It stated that the performance of the agriculture quarter remains critical to growth and employment in the nation.

The China Starch Industry Association and Shanghai Sinoexpo Informa Markets International Exhibition Co., Ltd hosted the Starch Expo 2022. It was held at the NECC (Shanghai) from June 19 to 21, 2023. The expo focused on innovation, green, and safety. It expanded the scale of the expo, closely followed industry trends, and showed new trade opportunities for the starch manufacturing industry to high-quality global exhibitors and visitors. Initiatives like these by the industry players and government are propelling the Asia-Pacific modified starch industry.

Global Modified Starch Industry News

Cargill Inc., Ingredion Inc., Archer Daniels Midland Company, Tate and Lyle, Associated British Foods plc, Tereos Group, Sudzucker AG, and Global Bio-Chem Technology Group Company Ltd. are major global modified starch market enterprises.

In February 2024 - Ingredion Incorporated, a leading global provider of specialty ingredient solutions to the food and beverage manufacturing industry and pioneer of clean-label ingredients, announced NOVATION® Indulge 2940 starch. This starch expands the company's line of clean-label texturizers with the first non-GMO functional native corn starch that provides a unique texture for gelling and co-texturizing famous dairy and alternative dairy products and desserts.

Raw Materials – Market breakup in 4 viewpoints:

1.    Corn

2.    Wheat

3.    Cassava

4.    Others

Products – Market breakup in 5 viewpoints:

1.    Starch Esters & Ethers

2.    Resistant

3.    Cationic

4.    Pre-Gelatinized

5.    Others

Form – Market breakup in 2 viewpoints:

1.    Dry

2.    Liquid

Function – Market breakup in 5 viewpoints:

1.    Thickeners

2.    Stabilizers

3.    Binders

4.    Emulsifiers

5.    Others

End-Use – Market breakup in 6 viewpoints:

1.    Food & Beverage

2.    Animal Feed

3.    Paper

4.    Pharmaceutical

5.    Textiles

6.    Others

Countries – Market breakup in 25 viewpoints:

1.    North America

1.1    United States

1.2    Canada

2.    Europe

2.1    France

2.2    Germany

2.3    Italy

2.4    Spain

2.5    United Kingdom

2.6    Belgium

2.7    Netherlands

2.8    Turkey

3.    Asia Pacific

3.1    China

3.2    Japan

3.3    India

3.4    South Korea

3.5    Thailand

3.6    Malaysia

3.7    Indonesia

3.8    Australia

3.9    New Zealand

4.    Latin America

4.1    Brazil

4.2    Mexico

4.3    Argentina

5.    Middle East & Africa

5.1    Saudi Arabia

5.2    UAE

5.3    South Africa

All the Key players have been covered from 3 Viewpoints:

•    Overview

•    Recent Development

•    Revenue Analysis

Company Analysis:

1.    Cargill Inc.

2.    Ingredion Inc.

3.    Archer Daniels Midland Company

4.    Tate and Lyle

5.    Associated British Foods plc,

6.    Tereos Group

7.