Modified Starch Market

Global Market Study on Modified Starch: Rapidly Increasing Demand for Processed Food Leading to Market Surge

Introduction

Increasing worldwide population is driving the demand for processed and convenience food. Modified starch is an important and functional ingredient that is used in ready-to-eat food products.

With increasing demand for processed food, the modified starch market is expected to witness decent growth over the coming years. Modified starch provides functional properties such as texture, taste, and thickness in processed food, and also helps increase the shelf life of food products.

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Companies

  • AGRANA Beteiligungs-AG
  • Avebe
  • Tereos S.A 
  • Finnamyl Oy 
  • Royal Ingredients Group 
  • Novidon
  • SÜDSTÄRKE GMBH 
  • PEPEES S.A 
  • AKV Langholt 
  • Euroduna Food Ingredients GmbH 
  • PPZ Trzemeszno Sp. z o.o. 
  • Vimal PPCE 
  • Aloja Starkelsen 
  • Lyckeby Starch AB 
  • Škrobárny Pelh?imov 
  • Emsland Group 
  • Przedsi?biorstwo Przemys?u Ziemniaczanego S.A. 
  • Blattmann Schweiz AG 
  • HUNGRANA KFT 
  • Nowamyl S.A. 
  • Birkamidon
  • Meelunie B.V. 
  • AKK-Karup Kartoffelmelfabrik

Rising Demand from Food, Textile, Paper Making, and Cosmetic Industries

Due to a large number of benefits, modified starch is used in a variety of industries such as food, textiles, paper making, and cosmetics and personal care. Modified starch is a multifunctional additive used in the cosmetics and personal care industry.

Over the past few years, the trend for natural cosmetic products is increasing, and manufacturers are developing new cosmetic products using natural ingredients such as modified starch. 

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Growing Textile Industry to Fuel Growth of Modified Starch Market

Starch is mainly used for textile sizing in the textile industry, especially for manufacturing cotton yarn. It is preferred for the sizing of coarse and medium-count yarns. Starch forms the adhesive component during the size mix process, due to various factors such as:

  • Starch properties can be tuned as per requirement
  • De-sizing is easy
  • Chemical properties of starch are relatively similar to cotton and rayon, and thus, it has good adhesion.

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Flourishing Cosmetics and Personal Care Industry Opens New Opportunities

The demand for modified starch has been witnessing considerable growth, globally over the past few years. Today’s consumer demands an easier, more pleasant application without a bleaching effect or a heavy or sticky layer. Tanning products need to be more resistant to the adhesion of sand to the skin after application.

Modified starch manufactured for cosmetics and personal care products specifically target the unique demands of consumers. As such, its increasing use in the cosmetics and personal care industry is expected to boost the global modified starch market size through 2030.

modified starch market

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Increasing Number of Fast Food Restaurants Surging Demand

Fast food restaurants account for a significant share in the food services sector, and have witnessed growing demand over the years, owing to their focus on competitive and affordable pricing, clubbed with growing consumer demand for convenience food products.

A large number of international fast food restaurant chains have opened in different parts of the world over the past few years, with specific cuisines and product offerings to cater to consumer demand across different geographies. Fast food restaurants widely use modified starch in the preparation of their food to intensify the texture, flavor, and taste of their preparations.

Increasing Popularity of Convenience Food among Working Professionals

The working population with a busy and continuously changing lifestyle demands convenience food. These individuals tend to prefer RTC foods or snacks over regular meals, owing to their busy schedules.

Modified starch is used in various convenience food products, including ready-to-mixes and eats, bakery products, etc. Increasing demand for convenience food surges the demand for modified starch, which is expected to boost the global modified starch market in the near future.

Anticipated COVID-19 Impact on Modified Starch Market

The ongoing health crisis around COVID-19 has affected all walks of life. The level of impact on processed agricultural products is mainly dependent on the seasonality of the crop. Modified starch is made from crops such as maize/corn, wheat, potatoes, tapioca, rice, and others.

These crops takes three to four months to complete their lifecycle. These crops are grown in different seasons in countries around the world. Top raw material producing countries such as China, India, Europe, Russia, the U.S., Ukraine, etc., have been widely affected by the spread of COVID-19, and have announced lockdowns to counter the pandemic. Thus, the production of these crops has been severely affected due to lack of manpower.

Governments are taking appropriate measures to control and maintain the optimum output from agricultural farmlands. Manufacturers of modified starch are facing a shortage of raw material, owing to reduced production of raw material crops, disrupted supply chains, and limited international trade which is affecting the supply of raw material.

Besides, production by manufacturers of food & beverages, animal feed, chemicals, paper, pharmaceuticals has also has reduced or stopped. These industries are key consumers of modified starch, and thus, its demand has reduced.

To control the widespread of coronavirus, many economies have declared a national emergency, due to which, transportation systems have collapsed. Manufacturers of modified starch are facing various challenges, right from the procurement of raw material, processing of ingredients due to a shortage of labor, transport, and distribution of the final product. 

These factors are expected to leave a short-term impact on the growth of the global modified starch market for at least the next couple of quarters in the current financial year. 

Analysts’ Viewpoint

The global modified starch market is witnessing average growth. Key players in the global modified starch market could gain additional profits by positioning their products for industrial consumers such as animal feed, paper, chemicals, and pharmaceuticals, if not now, but in the next couple of years. Manufactures need to be focused on partnerships, joint ventures, and collaborations with end users, small players, and distributors. Additionally, emerging economies in South Asia and East Asia offer huge opportunities for key players in the global modified starch market to expand their businesses.

Key Segments of Global Modified Starch Market

PMR’s report on the global modified starch market offers information divided into four segments - source, product, application, and region.

Source

  • Maize/Corn
  • Wheat
  • Potatoes
  • Tapioca
  • Rice

Product

  • Acetylated Starch
  • Physically Modified Starch
  • Enzyme Modified Starch
  • Anionic Starch
  • Cationic Starch
  • Dextrin
  • Oxidized Starch
  • Thinned Starch
  • Pre-gelatinized Starch
  • Others

Application

  • Food and Beverages
    • Bakery Products
    • Dairy Products
    • Meat & Poultry
    • Convenience Food
    • Others
  • Industrial
  • Animal Feed
  • Cosmetics & Personal Care
  • Papermaking
  • Textiles
  • Pharmaceuticals
  • Others

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Key Questions Answered in PMR’s Global Modified Starch Market

  • Which region will hold the highest market share in the global modified starch market during the forecast period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global modified starch market?
  • Which are the global trends impacting the modified starch market?
  • What strategies must be emerging players adopt to capture opportunities in various regions in the modified starch market?
  • What is the market structure of the global modified starch market?

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