The modified starch market is expected to grow from 13.6 million tons in 2012 to 16.28 million tons by 2017, at an estimated compound annual growth rate (CAGR) of 3.5% from 2012 to 2017.
Estimated to be worth a total value of $12.7 billion in 2011, the modified starch market is expected to increase from $12.9 billion in 2012 to $15.2 billion by 2017.
The modified starch market - defined as starch products chemically modified to withstand the processes these are subjected to in the various end-use applications - is witnessing significant growth due to the increasing demand for natural ingredients, developments in chemical modification techniques for starch, favourable functionalities of starch in various end-use industries, and the lack of a potent substitute.
North America is the largest region within the modified starch market and held a revenue share of 39% in 2011. Asia-Pacific is second with a 29% share. However, China, India, and Brazil are the regions registering the highest growth potential.
North America is expected to continue its dominance of the modified starch market, however, due to the increasing impact for demand of convenience health food, functional food, and the need to focus on alternate sources of starch, Asia-Pacific is expected to drive the growth of the industry for the next few years.
Major players within the modified starch industry include, Archer-Daniels-Midland (US), Cargill Inc. (US), Tate and Lyle Plc (UK), Roquette Frères (France), and Avebe Group B.A. (The Netherlands).
For more information on the modified starch market, see the latest research: Modified Starch Market Report
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