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


Modified Starch  Market
  • Published On : May-2020 |
  • Pages : 265 Pages |
  • Format : Modified Starch  Market Modified Starch  Market Modified Starch  Market Modified Starch  Market

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.

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. 

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.

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.

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.

Modified Starch Market: Report Scope

The latest market report by Persistence Market Research on the global modified starch market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global modified starch market for the forecast period of 2020-2030. The report provides a detailed assessment of key market dynamics and comprehensive information about the structure of the global modified starch market. This market study contains exclusive insights into how the global modified starch market is anticipated to grow during the forecast period of 2020-2030.

The primary objective of the global modified starch market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with modified starch. It is very important to consider that, in an ever-wavering economy, we provide an estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for overall forecasts, to enable readers to better understand the analysis and evaluation of the global modified starch market, and to discover lucrative opportunities in the market.

This report also provides an estimate of the global modified starch market size and corresponding revenue forecasts carried out in terms of absolute $ opportunity. It also offers actionable insights based on the future trends in the modified starch market. Furthermore, new and emerging players in the global modified starch market can make use of the information presented in the study for effective business decisions, which will provide momentum to their businesses as well as the global modified starch market.

The study is relevant for manufacturers, suppliers, distributors, and investors in the global modified starch market. All stakeholders in the global modified starch market, as well as industry experts, researchers, journalists, and business researchers can leverage the information and data represented in PMR’s report.

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

Product

Application

Region

  • Maize/Corn
  • Acetylated Starch
  • Food and Beverages
    • Bakery Products
    • Dairy Products
    • Meat & Poultry
    • Convenience Food
    • Others
  • North America
  • Wheat
  • Physically Modified Starch
  • Industrial
  • Latin America
  • Potatoes
  • Enzyme Modified Starch
  • Anionic Starch
  • Cationic Starch
  • Dextrin
  • Oxidized Starch
  • Thinned Starch
  • Pre-gelatinized Starch
  • Others
  • Animal Feed
  • Europe
  • Tapioca
  • Cosmetics & Personal Care
  • South Asia
  • Rice
  • Papermaking
  • East Asia
  • Textiles
  • Oceania
  • Pharmaceuticals
  • Middle East & Africa
  • Others

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?

Global Modified Starch Market: Research Methodology

Persistence Market Research is committed in providing unbiased market research solutions to its clients. PMR follows a robust methodology for the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global modified starch market, and reach conclusions about the future growth factors of the modified starch market. PMR’s research methodology comprises primary research methods coupled with secondary research methods, which ensure the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions - North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include:

  • Primary Research
  • Secondary Research
  • Trade Research

Companies covered in Modified Starch Market Report

  • 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
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