Modified starch are starch derivatives extracted from vegetables and grains, which is then treated to enhance its capacity, to keep the structure and texture of food. Modified starch is used as emulsifier, stabilizer, and thickening agent in various food products as well as coated paper in binder, and disintegrants in pharmaceuticals. Modified starch can be obtained by three techniques such as physical modification, chemical modification, and enzyme modification.
Increasing adoption of natural ingredients in food is a key factor expected to drive growth of the global modified starch market. In addition, rising demand for natural sweeteners in beverages, and increasing use of modified starch in various end use industries such as cosmetic, paper, and pharmaceutical are major factors expected to boost growth of the global modifies starch market over the forecast period.
However, production of raw materials such as wheat, potato, corn, and cassava which are essential for modified starch production are heavily dependent on climatic conditions, which is a key factor restraining growth of the global modified starch market. Moreover, availability of substitute products in the market and fluctuating prices of raw materials are other major factors expected to hamper growth of the global modified starch market over the forecast period.
The global modified starch market is segmented on the basis of type, raw material, application, and region. On the basis of region, into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The market in North America is expected to dominate the global modified starch market in revenue terms, owing to increasing consumption of convenience food in the region, followed by Europe. The market in Asia Pacific is expected to expand with the highest CAGR of X.X% over the forecast period. This can be attributed to increasing consumption of modified starch products in emerging economies such as India and China.
Prominent players in the global modified starch market include Cargill, Inc., Ingredion Incorporated, Archer Daniels Midland Company, Tate & Lyle, Roquette, Avebe, Emsland Group, Grain Processing Corporation, Agrana Beteiligungs-AG, and Global Bio-Chem Technology Group Company Limited.