Modified Starch Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Raw Material (Potato, Corn, Cassava, Wheat, Others); Application (Food & Beverage, Feed, Personal Care Products, Others); Modification Type (Physical Modification, Chemical Modification, Enzymatic Medication); Function (Thickeners, Stabilizers, Binders, Emulsifiers, Others) Region/Country

Pages:

232

Table:

43

Figure:

128

Report ID:

UMCG21794

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Report Description
Table of content
Research Methodology

Report Description

Modifies Starch Market 2
Modifies Starch Market 2

Global Modified Starch Market is Expected to Display an Elevated CAGR of ~4% over the forecast period (2021-2027)

A rise in the per capita incomes in countries such as the United States and Canada coupled with the emerging culture of packaged and processed food is one of the prime factors which are resulting in the growing demand for modified starch associated with the production of food and beverages. As per Statista, the value of organic processed food in the united states is expected to reach USD 21.39 bn by 2020, up from USD 14.96 bn in 2016.

Also, emerging awareness about healthy food in the region is a contributing factor to the growth of the modified starch market. As per a survey on food and nutrition attitudes, 54% of Americans said people in the U.S. pay more attention to eating healthy foods today compared with 20 years ago. Moreover, The U.S. Department of Agriculture (USDA) announced an investment of up to US$1 billion, including US$500 million in American Rescue Plan funding, in The Emergency Food Assistance Program (TEFAP) to support and expand the emergency food network so states, food banks, and local organizations can reliably serve their communities.

Moreover, the growing trend of dining outside and partying culture is propelling the growth of the modified starch. As per Forbes, a third Of Americans Dine Out Daily At Fast-Food Restaurants. Moreover, According to the Centers for Disease Control and Prevention, between 2013 and 2016, 36% of adult Americans consumed fast food on any given day. Also, People who earned more money dined on fast food more frequently than lower-income people. Among higher-income people, 42% chose to eat fast food on any given day; the figures were 36% for middle-income people and 31% for lower-income people.

Global Current & Forecasted Processed Food Sales, By Country-Income Level, 2010, 2017 & 2022

Modifies Starch Market 3
Modifies Starch Market 3

Archer Daniel Midlands Company, CARGILL, Ingredion Incorporated, Tate & Lyle, Avebe U.A, Royal Ingredients Group, Roquette Frères, Emsland, Grain Processing Corporation, AGRANA, etc., are some of the prominent players operating in the modified starch market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with innovative products.

Insights Presented in the Report

“Amongst raw material, corn segment to grab considerable market share”

Based on the raw material, the market is fragmented into the potato, corn, cassava, wheat, and Other raw material. The corn segment grabbed XX% market share in 2020.  A rising corn production across the globe and awareness about the health benefits of corn starch among consumers in contributing to the market growth. Worldwide 1,060,247,727 tonnes of corn are produced per year. The United States of America is the largest corn producer in the world with 384,777,890 tonnes of production volume per year

“Amongst application, food & beverage segment dominated the market in 2020”

Based on the application, the market is fragmented into food & beverage, feed, personal care products, and others. The food & beverage segment grabbed XX% market share and dominated the market in 2020.  Surging disposable income and the growing demand for processed and packaged food is contributing to the growing share of the segment. Majorly the demand is emerging from the dairy and confectioneries. However, the personal care segment would witness a considerable CAGR in the forthcoming years.

“Amongst modification type, enzymatic modification to grab considerable market share”

Based on the modification type, the market is fragmented into physical modification, chemical modification, and enzymatic medication. The physical modification segment grabbed the XX% market share in 2020. However, the enzymatic modification segment would witness the highest CAGR in the forthcoming years

“Amongst function, Thickeners segment dominated the market in 2020”

Based on the function, the market is fragmented into Thickeners, Stabilizers, Binders, Emulsifiers, and Others. The thickeners segment grabbed XX% market share and dominated the market in 2020.  Starch is commonly used to thicken and impart body texture in various kinds of soups & sauces.  These products are available in a wide range of acidity (pH), water activity (Aw), and solid content depending on product characteristics. One of the factors leading to the increasing use of modified starch is the ability of modified starches to thicken without being heated.

“Asia-Pacific represents one of the largest markets of Modified Starch market”

For a better understanding of the market adoption of the modified starch market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific region grabbed XX% market for the modified starch market and generated revenue of USD XX Million in 2020. However, the North America region would witness the highest CAGR during the forthcoming years

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

The modified starch market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report

 

2.1.Research Process of Modified Starch
2.2.Research Methodology of Modified Starch
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of Modified Starch Study

 

3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5GLOBAL MODIFIED STARCH COVID-19 IMPACT

 

6GLOBAL MODIFIED STARCH REVENUE, 2019-2027F

 

7.1.Potato 
7.2.Corn 
7.3.Cassava 
7.4.Wheat 
7.5.Other Raw Materials (Rice Bran, Waxy Maize etc.)

 

8.1.Food & Beverages
8.2.Feed 
8.3.Personal Care Products
8.4.Others 

 

9.1.Physical Modification
9.2.Chemical Modification
9.3.Enzymatic Modification

 

10.1.Thickeners
10.2.Stabilizers 
10.3.Binders 
10.4.Emulsifiers
10.5.Others 

 

11.1.North America Modified Starch Market
 11.1.1.United States
 11.1.2.Canada 
 11.1.3.Rest of North America
11.2.Europe Modified Starch Market
 11.2.1.United Kingdom
 11.2.2.Germany 
 11.2.3.France 
 11.2.4.Italy 
 11.2.5.Spain 
 11.2.6.Rest of Europe
11.3.Asia Pacific Modified Starch Market
 11.3.1.China 
 11.3.2.Japan  
 11.3.3.India 
 11.3.4.Australia 
 11.3.5.Rest of Asia Pacific
11.4.Rest of World Modified Starch Market

 

12.1.Market Drivers
12.2.Market Challenges
12.3.Impact Analysis

 

13MODIFIED STARCH OPPORTUNITIES
14MODIFIED STARCH TRENDS
15LEGAL & REGULATORY FRAMEWORK

 

16.1.Demand Side Analysis
16.2.Supply Side Analysis 
 16.2.1.Top Product Launches
 16.2.2.Top Business Partnerships
 16.2.3.Top Business Expansions, Investments and Divestitures
 16.2.4.Top Merger and Acquisitions

 

17VALUE CHAIN ANALYSIS
18.1.Competitive Landscape
 18.1.1.Company Shares, By Revenue

 

19.1.Archer Daniel Midlands Company
19.2.CARGILL  
19.3.Ingredion Incorporated 
19.4.Tate & Lyle
19.5.Avebe U.A
19.6.Royal Ingredients Group
19.7.Roquette Frères
19.8.Emsland  
19.9.Grain Processing Corporation
19.10.AGRANA 

 

20DISCLAIMER

Research Methodology

Research Methodology for the Global Modified Starch Market Analysis (2021-2027)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the modified starch market were the three major steps undertaken to create and analyze the demand for modified starch across major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the modified starch market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/ bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

A detailed secondary study was conducted to obtain the historical market size of the modified starch through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the modified starch market, we conducted a detailed secondary analysis to gather historical market insights and share of raw material, application, modification type, and function for major regions. Major segments included in the report are application and modification type. Further region and country-level analyses were conducted to evaluate the overall adoption of modified starch across the globe.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of modified starch. Further, we conducted factor analysis using dependent and independent variables such as the growing disposable income, surging demand for processed and packaged food, etc., A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the modified starch industry across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the modified starch market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up/ top-down approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of modified starch across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the modified starch market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Modifies Starch Market 1
Modifies Starch Market 1

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the modified starch market. Data was split into several segments sub-segments post studying various parameters and trends in the areas of raw material, application, modification type, and function of the modified starch market.

Main Objective of the Modified Starch Market Study

The current & future market trends of modified starch were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of modified starch in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of raw material, application, modification type, and function
  • Define and analysis of the regulatory framework for the modified starch industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the modified starch market for the major countries
  • The major region studied in the report includes North America, Europe, Asia- Pacific, and the Rest of the World.
  • Company profiles of the modified starch market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

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