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Modified Starch Market Segmentation By Product Type- (Acetylated Starch, Physically Modified Starch, Enzyme Modified Starch).
The market for modified starch can be expected to expand at a value based CAGR of 4.6% and show an increase in revenue from US$ 13,782.40 Mn to around US$ 16,718.95 Mn by 2033.
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Modified Starch Market Size (2023E) |
US$ 13,782.40 Mn |
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Projected Sales of Modified Starch (2033F) |
US$ 21,609.34 Mn |
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Value CAGR (2023-2033) |
4.6% |
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Value Share of Top 4 Countries (2022E) |
62% |
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The global modified starch market has witnessed significant growth in the historical period registering a CAGR of 4.93% in the historical period and is valued at US$ 13,782.40 Mn in 2023.
Global players are expected to witness growth in demand for modified starch majorly from textile, paper making, and cosmetic industries to enhance their product portfolio and increase the usage of modified starch in end-use products. Key players are expected to continue expanding their production capacities and enhance capabilities with the incorporation of latest technologies. The global market for modified starch is estimated to reach an approximate valuation of US$ 21,609.34 Mn in the forecast period.
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Get a Customized Version“Increasing Demand for Processed Food”
Increasing population is driving the demand for processed and convenience foods. Modified starch is an important and functional ingredient that is used in ready-to-eat food products. With increasing demand for processed food, the demand for modified starch is also increasing, which is expected to boost market growth. Modified starch provides functional properties such as texture, taste, and thickness in processed food. Also, it helps to increase the shelf life of food products.
“Growing 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, textile, paper making, and cosmetics and personal care. Modified starch is a multifunctional additive used in the cosmetic and personal care industry. In 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 the Growth of the Modified Starch Market”
Starch is mainly used for textile sizing in textile industry, especially for cotton yarns. 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 that are listed below:
Starch properties can be tuned as per requirements, de-sizing is easy and chemical properties of starch are relatively similar to cotton and rayon, and thus, it has good adhesion.
“Flourishing Cosmetics and Personal Care Industry Opens Opportunities for Products such as Modified Starch”
The demand for modified starch has been witnessing considerable growth, globally in 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 adhesion of sand to the skin after application. Modified starches manufactured for cosmetic and personal care products target specifically the unique demands of consumers. Increasing use of modified starch in the cosmetic and personal care industry is expected to boost the global market for it.
“Increasing Number of Fast Food Restaurants”
Fast food restaurants have been a significant segment for the food services market and have witnessed growing demand over the years owing to their focus on competitive and affordable pricing clubbed with growing consumer demands for convenience food products. A large number of international fast food restaurant chains have flocked to different parts of the world over the past few years, with specific cuisines and product offerings to cater to the consumer demand across different geographies. Fast food restaurants widely use modified starch in the preparation of their food to intensify texture, flavor, and taste of the dish.
“Increasing Popularity of Convenience Food among Working Professionals”
Working population with busy and continuously changing lifestyle demands convenience food. These consumer 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-mix and eat, bakery products, etc. Increasing demand for convenience food increases the demand for modified starch, which is expected to boost the global modified starch market in the near future.
How is the Global Market for Modified Starch Projected to Grow in the Forecast Duration?
The fastest growth in the forecast duration is projected by the Asia and Pacific based on the forecast CAGR of 5.7% but North America expected to dominate the market in 2033 and hold the major market share.
Fast food restaurants have been a significant segment for the food services market and have witnessed growing demand over the years owing to their focus on competitive and affordable pricing clubbed with growing consumer demands for convenience food products. A large number of international fast food restaurant chains have flocked to different parts of the world over the past few years, with specific cuisines and product offerings to cater to the consumer demand across different geographies. Fast food restaurants widely use modified starch in the preparation of their food to intensify texture, flavor, and taste of the dish.
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Which Source of the Modified Starch Market Is Expected to Project Higher Growth?
By source, the maize/corn segment is expected hold highest share in the global modified starch market in the forecast period of 2023-2033 followed by wheat segment.
Increasing industrial usage of modified starch especially in the animal feed, paper, chemical, and pharmaceutical industry is expected to fuel the growth of the global modified starch market in the forecast period.
What is the Segmental Breakdown of the Modified Starch Market?
On the basis of source, modified starch market is segmented into of maize/corn, wheat, potato, tapioca and rice.
On the basis of product type, the global modified starch market is segmented into Acetylated Starch, Physically Modified Starch, and Enzyme Modified Starch. Enzyme modified starch is further segmented into anionic starch, cationic starch, dextrin, oxidized starch, thinned starch, pre-gelatinized starch, and others.
On the basis of application, the global modified starch is segmented into food and beverage, animal feed, cosmetics and personal care, papermaking, textiles, pharmaceuticals, and others. The food and beverage segment is further segmented into bakery products, dairy products, neat & poultry, convenience food, and others.
Some of the key players included in the modified starch market report are Cargill, Incorporated, Archer Daniels Midland Company, Roquette Frères Company, and Ingredion Incorporated, Tate & Lyle PLC. The Agrana Group, and others. Modified starch manufacturers are following the strategy of strategic alliances or partnerships with regional food manufacturers. Also the key players are focused on providing gluten-free, low-fat, non-GMO modified starches to the global food and beverage industry. Besides, the manufacturers are providing customized modified starches to the different industries according to their requirement which is expected to fuel the growth of the global modified starch market. They are focusing on developing and providing products with high nutrition content, as well as good taste & texture.
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Attribute |
Details |
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Forecast period |
2023-2033 |
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Historical data available for |
2018-2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
Available upon request |
By Source:
By Product Type:
By End Use:
By Region:
The global market for modified starch has a value of US$ 13,782.40 Mn in 2023.
The global market for modified starch has a value CAGR of 4.93% from 2018-2022.
The global market for modified starch has a value of US$ 21,609.34 Mn in 2033.
The global market for modified starch has a value CAGR of 4.6% from 2023-2033.
The top players Ingredion Incorporated, Cargill, Incorporated, Archer Daniels Midland Company, Roquette Frères Company, Tate & Lyle PLC, The Agrana Group with a market share of about 55%-60%.
