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Modified Starch Market Size: Global Industry Analysis, Share, Growth, Trends, and Forecasts 2023-2032

10-20-2023 04:34 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Business Insights

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Modified Starch Market

Modified Starch Market

The Global Modified Starch Market size was estimated at USD XX billion in 2022 and projected to experience compound annual compound annual growth rate (CAGR) of XX% from 2023-2032, due to increasing consumer demand for processed and convenience foods driven by an expanding population. Modified starch is an integral component in producing ready-to-eat food products; thus driving further market expansion. Over the coming years consumer demand for processed food products will likely cause the market for modified starch to experience considerable expansion.

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COVID-19 had both positive and negative consequences on the market. Processed and packaged foods saw high consumer demand during a pandemic period when people stocked up on foods with longer shelf lives, leading to higher modified starch demand. Unfortunately, many restaurants were closed as supply chain disruption occurred globally due to lockdowns and restrictions, but as these are gradually restored with more restaurants opening back up and supply chains are restored more fully, market is anticipated to return back to pre-COVID levels.

Convenience food consumption rates in North America and Europe tend to be highest. Today's lifestyle changes leave individuals less time for home cooking; as a result, globalization has caused lifestyle shifts which have lead to an increase in convenience foods consumption in various countries, especially within Asia's expanding markets and thus increased demand for modified starches products.

Modified starch has found application across numerous industries, such as food production, papermaking, cosmetics and personal care products, textiles and textile manufacturing due to its numerous uses. Modified starch's versatility has found particular use within personal care and cosmetic products - manufacturers are creating cosmetic products using organic ingredients such as modified starch as demand for natural cosmetics has skyrocketed over recent years; manufacturers expect this growth trend will fuel further product demand over time.

International fast-food restaurant chains have expanded into various parts of the globe over recent years, each with their own cuisine and product offerings to satisfy consumer demand across multiple regions. Fast food restaurants often use modified starch in their food preparation to enhance flavor, taste, and texture - driving product demand during this forecast period.

Asian markets generally have more lax regulations when it comes to health claims for modified starch than U.S. markets do; no food additive health claims may be made here but functional or structural claims may still be allowed. European markets tend to have the strictest health claims rules regarding modified starch health claims; distributors and manufacturers may experience production and distribution challenges due to these stringent laws and regulations, which will likely hinder market expansion.

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Top Companies in Modified Starch Market
• BASF
• Archroma Textiles
• Ingredion Incorporated
• Cristol
• Cargill
• Archer Daniels Midland Company
• Tate &Lyle PLC
• AkzoNobel
• ECCO
• NOVA

To Know an Additional Revised 2022 List of Market Players, Request a Sample Report: https://www.marketbusinessinsights.com/sample/modified-starch-size-market-2510.html

Modified Starch Market Dynamics

Drivers: Demand for adhesives across various industrial applications is on the rise, driving market dynamics for Modified Starch Markets.
Modified starch offers maximum adhesive performance and strength at a reasonable cost in various applications, and comes in various viscosities to meet diverse end-use requirements. Modified starch is one of the major raw materials used in paper production; modified starch paste adhesive is commonly used when laminating paper-to-paper or poly-to-paper sheets together, with up to 8% modified or unmodified starch found per sheet; it acts as both dry strength sizing agent as well as water retention agent that also binds pulp together for improved surface finishing of papers.

Increased land pollution and animal diseases attributed to plastic bag consumption has spurred people to support more paper bags for use. With their increased usage comes an expected boost to paper industry due to an increase in frequency of recycling paper; which in turn acts as a key driver of Modified Starch Market growth.

Restricted Markets: Demand for gum Arabic remains high.

Starch derivatives are becoming an increasing part of food & beverages applications, particularly within beverages markets worldwide. Modified starches have seen remarkable expansion as an application within this sector; however, gum Arabic's increased preference over modified starches acts as a potential inhibitor to this market's expansion; studies have demonstrated that beverages stabilized with sources of gum Arabic show superior stability than beverages stabilized with modified starches; gum Arabic is also becoming a threat against modified starches in confectionery for its ability to prevent sugar crystallization.

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Opportunities: Unexplored applications for modified starch.

Modified starch serves as an excellent fermentation base for producing biotechnological products such as organic acids, antibiotics, vitamins, and hormones. As sole carbon sources supplying energy for biological functions, starch-derived carbohydrates have enormous commercial value. Starch glucose may be fermented to produce lactic acid which may then be polymerized for use as biodegradable films or plastics; similarly potato starch wastes may also be used as feedstock in fermentation reactions to produce various polymers from starch-based feedstocks.

Thus, it is necessary to explore unrealized applications of starch. Extending commodity sources for extracting starch and adding modification processes broadens its application fields significantly - thus increasing both technological potential and industrial utility of starch significantly.

Challenges: Increase in raw material costs has become one of the greatest threats to business growth.

Raw materials used for producing modified starch mainly consist of feedstock. Natural sources, including corn, wheat, tapioca and rice are also frequently employed as raw materials in this production process. Bioethanol products often utilize modified starch production; its growing consumption across sectors such as food & beverages, feed, pharmaceuticals, cosmetics and paper has only furthered its increase. As prices for raw materials skyrocket.

The rising cost of raw materials results from their transportation cost across various industrial facilities globally. Fuel price inflation has become an ever-more pressing concern, which directly influences industry prices of raw materials causing fluctuation and disrupting pricing analysis; as a result, rising raw material costs pose a threat to Global Modified Starch Market growth.
Regional Outlook

The global Modified Starch Market size, revenue, and other financial information is provided by regions and competitive players. Regional development status provides an accurate view of product demand, consumption rate, future market scope as well as any expected political or socio-economic influences that might have an effect on its dynamics.

• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
• Asia Pacific
o China
o Japan
o India
• Latin America
o Brazil
o Mexico
• Middle East & Africa

Modified Starch Market Report FAQ

What is the current market size for Modified Starch Size? Who are its major players?
How has COVID-19 affected this market and what major developments may impact it in coming years?
Which application will bolster Modified Starch Market's demand?
Which are the segments covered in this report on Modified Starch Market?

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