The global modified starch market size is anticipated to be worth US$ 21,806.2 million by 2034. According to the estimates, the market is projected to clock a 4.7% CAGR until 2034. In 2024, the modified starch market size is valued at US$ 13,780.3 million.
Key Players in the Modified Starch Market:
Cargill, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, Roquette Frères, Grain Processing Corporation, Avebe, Emsland Group, AGRANA Beteiligungs-AG, Global Bio-Chem Technology Group Company Limited
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Key Market Highlights
E-commerce Proliferation in B2B Transactions Unlocks New Opportunities in the Market
Businesses in the modified starch industry can take advantage of the ease and efficiency of digital transactions, especially in business-to-business (B2B) transactions, by optimizing their online presence and capitalizing on the growing rise of e-commerce channels.
Businesses can broaden their reach, tap into new markets, and expedite order processing by investing in strong e-commerce platforms, digital marketing tactics, and supply chain optimization. Through the strategic goal of exploiting e-commerce to gain market share in the digital marketplace, organizations can boost revenue growth, operational efficiency, and customer engagement.
Businesses Boost Investments to Offer Health-boosting Starches in the Market
The demand for modified starches with built-in health advantages is rising as consumers become more conscious of the connection between nutrition and overall well-being. These include resistant starches, those with possible advantages for the glycemic index, and starches with prebiotic qualities.
Businesses can profit from the growing market for functional and health-focused ingredients by allocating resources to research and development to provide starches that enhance health.
Offering goods that increase customer well-being boosts sales and builds consumer trust and loyalty, setting up companies for long-term success in the rapidly changing health and wellness sector.
In light of this growing trend, the Department for Environment, Food and Rural Affairs (DEFRA), Innovate UK, the Medical Research Council (MRC), and the Biotechnology and Biological Sciences Research Council (BBSRC) collaborated in November 2022 to establish a new Diet and Health OIRC.
With an investment of about £15 million, the OIRC aims to help address the common obstacles to innovation in the food and beverage industry.
Proliferation of Smart Packaging Solutions Presents New Prospects in the Market
Incorporating modified starches into smart packaging solutions offers substantial potential for companies, especially those in the food and beverage sector. Modified starch-based edible films and coatings provide superior barrier qualities and increase product shelf life, answering customer concerns about food sustainability and freshness.
By utilizing smart solutions, businesses can satisfy changing customer demands for creative and environmentally responsible packaging, increase product distinctiveness, and optimize supply chain efficiency. Adopting smart packaging increases revenue growth and improves brand value by providing greater product quality and consumer satisfaction.
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Modified Starch Market Trends Analysis
Trends:
- The market for modified starch is experiencing an increased demand for specialized and customized solutions as customer tastes become more varied and discriminating.
- Digital technology usage is transforming modified starch production processes, allowing businesses to maximize productivity, cut expenses, and guarantee uniform product quality.
- The consumption of modified starches is increasing due to the emergence of functional meals and drinks, which aim to offer health advantages beyond just sustenance.
- Standardized ingredients that satisfy legal standards and provide constant quality across a range of markets are necessary due to the globalization of the food manufacturing industry.
- An increased emphasis is impacting the modified starch industry on regulatory compliance and certifications, such as organic, non-GMO, and halal.
Opportunities:
- The industry offers a chance to create modified starches with particular health advantages by leveraging popular trends like functional foods and prebiotic ingredients as health and wellness become increasingly crucial.
- Growing environmental concerns provide the market a chance to concentrate on environmentally friendly production methods, sustainable sourcing, and creating packaging options that decompose naturally, all of which align with global sustainability objectives.
- As starch modification technologies progress, there will be plenty of chances to improve the capabilities of modified starches and increase their versatility across various sectors and applications.
- The rising growth of emerging economies, particularly in Latin America and Asia-Pacific, presents the chance to expand into new markets. Modified food starches are being more widely adopted in these areas due to rising urbanization and shifting customer tastes.
- Engaging in cooperative endeavors with chefs and other culinary specialists can provide opportunities to develop and uncover new culinary uses for modified starches.
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Competitive Landscape
The competitive environment of the modified starch market is characterized by fierce competition among leading companies vying for market domination. Cargill, Archer Daniels Midland Company (ADM), and Ingredion Incorporated have positioned themselves as key players by using their worldwide reach, diverse product portfolios, and strong distribution networks.
These organizations use mergers, acquisitions, and partnerships to enhance their market positions and expand their technological capabilities.
Recent Developments
- In February 2024, Ingredion Incorporated announced the introduction of Novation Indulge 2940 starch as a new addition to its line of clean-label texturizers. It is the first non-GMO functional native corn starch that provides texture for gelling and co-texturizing popular dairy and alternative dairy products and desserts.
- In June 2023, Loryma launched a clean label, “E number free” adhesion starch. According to German company Loryma, their natural adhesion starch extracted from wheat and with a clean label is just as effective as modified starches found in traditional products, offering “optimum adhesion properties for all types of substrate coatings.”
Modified Starch Market Segmentation
By Source:
- Maize/ Corn
- Wheat
- Potato
- Tapioca
- Rice
By Product Type:
- Acetylated Starch
- Physically Modified Starch
- Enzyme Modified Starch
- Anionic Starch
- Cationic Starch
- Dextrin
- Oxidized Starch
- Thinned Starch
- Pre-Gelatinized Starch
- Others
By Application:
- Food and Beverage
- Bakery Products
- Dairy Products
- Meat & Poultry
- Convenience Food
- Others
- Animal Feed
- Cosmetic and Personal Care
- Papermaking
- Textile
- Pharmaceuticals
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- Japan
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