Modified Starch Market: Drivers, Restraints, Opportunities, and Challenges

Modified Starch Market: Drivers, Restraints, Opportunities, and Challenges

MarketsandMarkets™
The modified starch market is projected to grow at a CAGR of 4.1% from 2018, to reach a value of USD 12.67 Billion by 2023.

The report “Modified Starch Market by Raw Material (Corn, Cassava, Potato, and Wheat), Application [F&B (Bakery & Confectionery, Beverages, and Processed Foods), Animal Feed, and Industrial], Function, and Region-Global Forecast to 2023″, The market for modified starch is projected to reach a value of USD 12.67 Billion by 2023, at a CAGR of 4.1% from 2018. The market is driven by the rise in demand for functional food & beverage products, increase in the use of modified starch in the food industry, and growth in awareness about the health benefits of modified starch. The rising popularity of maltodextrin is also driving the modified starches market. On the other hand, greater raw material costs and high R&D costs are the key factors hindering the growth of this market. This indicates that there is immense scope for the growth of the modified starch market globally.

Modified Starch Market

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=511

Growing demand for adhesives in a range of industrial applications

Modified starch specifically provides maximum adhesive performance and superior strength at a low cost for a wide range of applications. It can be used in a variety of viscosities to meet the needs of diverse applications and end-use requirements. Modified starch is one of the major raw materials used in the paper industry. It is used as a starch paste adhesive in laminating paper-to-paper and poly-to-paper. A single sheet of paper contains as high as 8% of modified or unmodified starch in it. The industry uses modified starch in both, dry strength and wet end sizing. It acts as a water retention agent, which also binds the pulp and improves the surface of the paper.

Increasing land pollution and diseases in animals caused due to ingestion of plastic bags have encouraged the use of paper bags. With the increasing usage of paper bags, the paper industry is expected to experience growth due to the increase in the frequency of recyclability of paper. This forms a major driver for the modified starch market.

The demand for modified starch is growing in industrial applications as they offer cost benefits and enhanced functionalities in comparison with native starches. Thus, there is an increasing need for modified starch as a renewable raw material in the production of packaging materials and biodegradable plastics.

Growing gum arabic market

The application of starch derivatives is growing in the food & beverages sector. The global beverages sector is witnessing growth as an application of modified starches. However, the growth and preference of gum arabic over modified starch act as a restraint for the growth of this market. Studies have shown that beverages stabilized with sources of gum arabic attain better stability than those with modified starches. Apart from beverages, gum arabic is also rising as a threat for modified starches in confectionery, where it is utilized to prevent sugar crystallization.

Unfavorable climatic conditions hamper the overall production and ultimately the supply chain of cassava. The prices of cassava fluctuate according to the overall production. The prices are also affected by a decline in demand. For instance, according to the Cambodia Daily, in February 2016, cassava export prices fell to a new low amid the decreasing demand from international markets, particularly China. These conditions affect the modified starch production from cassava leading to an increase in the demand for substitutes such as gum arabic.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=511

North America dominated the modified starch market in 2017

The North American market for modified starch is driven by the US market, especially by cornstarch. Being at the center of the bioethanol policy, which has siphoned much of the available corn for ethanol production, the US has influenced the global supply chain of corn for starch extraction and the resultant price trends. The market in Europe is expected to grow at a moderate rate in the near future, owing to the stringent regulations for modified starch and increasing demand for convenience food products. Developing countries such as China, India, Brazil, and Argentina are showing a significant increase in the demand for modified starch.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as Archer Daniels Midland (US), Cargill (US), Ingredion Incorporated (US), Tate & Lyle (UK), Roquette Frères (France), Avebe U. A. (Netherlands), Grain Processing Corporation (US), Emsland-Stärke GmbH (Germany), AGRANA Beteiligungs-AG (Austria), SMS Corporation Co. Ltd. (Thailand), Global Bio-Chem Technology Group Company Limited (Hong Kong), SPAC Starch Products Pvt. Ltd. (India), and Qingdao CBH Co., Ltd. Company (China).

 

 

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/modified-starch-market-511.html