Market Scope
As per MRFR analysis, the global modified starches market is expected to thrive at 4.72% CAGR over the during the review period (between 2023 and 2030). By 2030, the modified starch market is expected to value USD 16.87633 Bn. Insights on the global modified starches market published by MRFR expert researchers can aid new investors and people in business to take well-informed decisions.
Market Drivers and Restrains
The easy accessibility of major sources of modified starch, such as; corn, wheat, potato, tapioca, and cassava, and the presence of effective extraction methods can favor the modified starch market outlook. The abundance of corn, the dominant source of modified starch, along with tapioca, as raw materials can benefit the market over the review tenure. The rapid adoption of modified starch in the expanding food and beverage industry, as the demand for confectionary surges, can improve the impetus of the market. The upscaling need for functional food products and the growing preference for clean label products can promote the modified starch market in the years to come. The increase in need for modified starch market can be restrained by weak supply chain. However, the adoption of automation solutions by the logistics department in top-notch companies and start-ups can counter the slow-down of the modified starch market in the near future. Additional causes that can favor the upsurge of the modified starch market is increase in number of manufacturers in different regions, favorable government policies for production, and affordability and easy availability of raw materials.
Modified Starches Market Key Players
Agrana Beteiligungs-AG (Austria), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Tate Lyle PLC (U.K.), Roquette Frères (France), and Grain Processing Corporation (U.S.) are some reputed companies in the modified starches market that are listed by MRFR.
Segment Study of Modified Starches Market
The segment study of the modified starch market is done on the basis of form, applications, and source. The form-based segments of the modified starch market are gel, powder, and liquid. The source-based segments of the modified starch market are cassava, wheat, corn, and potato among others. The application-based segments of the modified starch market are non-food and food beverages. The segment of food and beverage segment study comprises processed food, beverages, and confectionery among others. The non-food segment studies corrugating and paper making, pharmaceutical, personal care, and textiles among others.
The launch of innovations with effective solutions can prompt the market upsurge over the evaluation period owing to the increase in demand for modified starch. The modified starch market share is expected to witness a healthy CAGR in the analysis period. On the contrary, volatility of raw material prices and can pose threat the market growth. The surge in economic activities in the global modified starches sector and the rise in consumers awareness about the availability of such solutions can impact the market rise in the years to come. The increase in investment in modified starch businesses by new investors can support the market rise.
Regional Analysis of Modified Starches Market
The modified starches market’s regional assessment for receiving an in-depth understanding of service and product-related data of product is published in the report on the global modified starches market. Key regions spanning the global modified starches market regional study are North America, Asia Pacific, Europe, the Middle East Asia, and Africa, along with the rest of the world (RoW). In the North America, the modified starch market can garner high revenue by 2022. The rise in the demand for such products among numerous end-users across several industries is about to be a key growth factor for the businesses in the region. The market across North America is analysed for the United States, Mexico, Canada, and others. Regional markets within the changed starches sector across the Modified Starches Market are divided into Germany, Italy, the United Kingdom, and France. The market within the APAC region is divided into India, China, Japan, and others. changed starches primarily based businesses across the globe are supported by the billowing usage across totally different industries throughout the forecast period 2023 to 2030. However, the expansion might be hindered by the straightforward availability of other products. the new changed Starches Market is additionally segmented into the center East and continent regions among others.
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