The
global Modified
starch market will grow at a CAGR of 3.8% from 2017 to 2022
to reach USD $14,245 million by 2022, according to latest publication from
Meticulous Research®. This is driven by
favourable functional properties of modified starch in food industry,
increasing demand for clean label products, growing convenience food sector,
and abundant availability of maize. In addition, the increasing use of modified
starch in energy drinks and non-carbonated soft drinks for low calories value
expectation and growing use of modified starches as a fat replacer in many food
applications are the other leading factors expected to propel the growth of the
global modified starch market. However, the fluctuating raw material prices and
increasing use of gum arabic is expected to hinder the growth of the market to
some extent.
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| https://www.meticulousresearch.com/product/modified-starch-market-forecast-2022/ |
The global modified starch market is segmented by raw
material (corn, potato, cassava, wheat and others), function (thickener,
binder, stabilizer, emulsifier and other), application (food and beverages,
textile industry, paper industry, pharmaceuticals, animal nutrition and
others), and geography (North America, Europe, Asia-Pacific, Latin America, and
Middle East & Africa).
The corn is estimated to be the largest raw material in the
modified starch market in 2016, due to its abundant availability and wide range
of applications in the food & beverage industry. However,
the Cassava is expected to grow faster, as it is the most economic source of
starch on a global level.
Browse in
depth report: https://www.meticulousresearch.com/product/modified-starch-market-forecast-2022/
North America holds the major share in the global modified starch market
followed by Asia-Pacific and Europe region. However, Asia-Pacific region
possesses lucrative growth potential for the modified starch market during the
forecast period. This is mainly attributed to the extensive customer base in
these regions due to large base of population and growing convenience food
sector. Most of the modified starch market in this region will be driven by
developing countries such as India and China due to the increasing purchasing
power, rising production volume of food and beverages and textile industries.
The leading companies have employed various strategies to expand their
product offerings, global footprint, and augment their market share. The key
strategies followed by most companies in the global modified starch market were
new product developments, agreements and collaborations, and expansions.
Expansions were the most preferred growth strategy adopted by the key players,
during the period of 2014-2017, enabling companies to strengthen their
manufacturing and R&D capabilities, to fulfill growing regional demand, and
ensure a competitive edge in the global modified starch market. The key players
in the global modified starch market are Ingredion Incorporated, Cargill
Incorporated, Achier Daniels Midland Company, AGRANA Beteiligungs-AG, Emsland-Stärke
GmbH, Grain Processing Corporation, Roquette Frères S.A., Tate & Lyle PLC,
AVEBE U.A., and Global Bio-chem Technology Group Company Limited.
Key
questions answered in the report-
- Which are the high growth market segments in
terms of raw material, applications, functions, types, regions and
countries?
- What is the historical market for modified
starch market across the globe?
- What are the market forecasts and estimates
from the period 2015-2022?
- What are the major drivers, restrains,
threats, and opportunities in the global modified starch market?
- What are the burning issues of the global
modified starch market?
- Who are the major players in the global
modified starch market and what share of the market do they hold?
- Who are the major players in various countries
and what share of the market do they hold?
- What are the competitive landscapes and who
are the market leaders by sub-region in the global modified starch market?
- What are the recent developments in the global
modified starch market?
- What are the different strategies adopted by
the major players in the global modified starch market?
- What are the geographical trends and high
growth regions/ countries?
- What are the local emerging players in the
global modified starch market and how do they compete with the global
players?
Meticulous
Market Research Pvt. Ltd.
Khushal
Contact Sales- +91-744-7780008
