The report "Modified Starch Market by Raw Material (Corn, Cassava, Potato, Wheat), Function (Thickeners, Stabilizers, Binders, Emulsifiers), Application (Food & Beverages, Animal Feed), and Region - Global Forecast to 2022"projectrs the market to be worth USD 12.14 billion by 2022.
The report analyzes the modified starch market across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as raw material, application, function, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analyses, recent developments, and key market strategies.
The study answers several questions for the stakeholders, primarily which market segments to focus in the next 2–5 years for prioritizing efforts and investments.
This report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the global Modified Starch Market, along with the estimates and forecasts of the revenue and market share analysis.
Browse 157 market data tables and 59 figures spread through 213 pages and in-depth TOC on “Modified Starch Market by Raw Material (Corn, Cassava, Potato, Wheat), Function (Thickeners, Stabilizers, Binders, Emulsifiers), Application (Food & Beverages, Animal Feed), and Region - Global Forecast to 2022” http://www.rnrmarketresearch.com/global-modified-starch-market-by-raw-materials-applications-geography-market-estimates-up-to-2017-market-report.html
Food & beverages segment projected to be the largest segment in 2017
The food & beverages segment, by application, is estimated to be the largest market share in the modified starch market in 2017, due to growth in application of modified starches to obtain varied functional properties in food products such as confectioneries, beverages, and processed foods. Modified starches have been developed to expand the usefulness of starches and their functional applications such as fat replacers, texture improvers, nutritional claims, high shear, temperature stability, and for flavored oil applications in the food & beverages industry as these applications are increasingly gaining importance. With the increasing per capita income, consumers demand an additional varied set of food products, and in turn influence the demand for modified starches.
Thickeners segment projected to be the largest segment in 2017
The thickeners segment, by function, is estimated to hold the largest share in the modified starch market, in terms of value, in 2017. As texture is of prime importance for consumers’ acceptability of food products, starch is extensively used as a thickener in food products. To increase the performance of starch and to respond to the needs of customers, giving other better-quality functionalities or performances such as more stable thickness with the variations of temperature, hot fluidity, and better stability & solubility with cold water is a significant driver for the growth of the thickeners segment.
Cassava is a widely grown tuber in most African and Asian countries and it is also the most economic source of starch on a global level. The cassava segment, by raw material, is projected to grow at the highest CAGR from 2017 to 2022, in terms of value. Modified cassava starch is extensively used in a range of applications such as food & beverages, paper-making, textiles, chemicals, constructions, adhesives, and pharmaceuticals. Asia being the center for the production and consumption trends for the global modified starch market, cassava starch in Asia is estimated to be the key driver in the future, with a prime focus on convenience foods in China and India.
The Asia-Pacific region accounted for the second largest share, in terms of both value and volume, in the global modified starch market, in 2015.The industrial applications and technologies involved in starch processing are changing rapidly in the Asia-Pacific countries, especially the sub-continent. The revenue for starch from the food and non-food sectors is estimated to grow at a significant rate of 4%–5%. Corn and cassava form the major sources of modified starch in Asia-Pacific, with China being the major player, followed by India.
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The global market for modified starch is dominated by large players such Cargill (U.S.), Ingredion Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Tate & Lyle Plc. (U.K.), and Roquette Frères (France). Other players in this segment include Ave be U. A. (Netherlands), Emsl and-Starke GmbH (Germany), Grain Processing Corporation (U.S.), AgranaBeteiligungs-AG (Austria), and Global Bio-Chem Technology Group Ltd. (Hong Kong).
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall modified starch market and the subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the market and provides them information on key market drivers, restraints, challenges, and opportunities.