The global modified starch market is expected to reach USD
15.36 billion by 2024, according to a new report by Grand View Research, Inc.
Growing demand for modified starch as a stabilizer, thickening agent, binder,
and emulsifier in food & beverage, paper, and textile applications will augment
growth. Competitive pricing owing to a large number of suppliers is expected to
be a key feature of the industry over the next seven years.
Growing awareness among consumers
regarding general well-being has resulted in a shift towards high nutritional
value diet. Moreover, increasing demand for natural sweeteners in beverages,
particularly in non-carbonated soft drinks and energy drinks, due to their low
calorific value is likely to drive growth in the near future.
Browse full research report on Mobile
Wallet Market: http://www.grandviewresearch.com/industry-analysis/modified-starch-market
Further key findings from the
report suggest:
- Resistant
starch products accounted for 25.5% of the global volume share in 2015.
Increasing focus on health benefits coupled with the advantage of
enhancing taste, appearance and texture by using resistance starches is
expected to be a critical factor for influencing need from the food sector.
- Europe
modified starch market is expected to grow at a CAGR of 5.6% from 2016 to
2024, in terms of volume. The food & beverage industry in Germany is
projected to grow significantly on account of changing consumer eating
habits coupled with high-quality food production. This factor will have a
positive impact on the modified starch industry in the region.
- Asia
Pacific is expected to witness significant growth at a CAGR of 7.2% from
2016 to 2024 in terms of volume. Increasing production volumes of paper,
textile, and pharmaceutical, particularly, in India and China is expected
to be a vital factor driving expansion in the region. The Asia Pacific
industry is estimated to generate revenues exceeding USD 4.75 billion by
2024.
- Modified
starch demand in textiles was 1,345.4 kilo tons in 2014. The intervention
of government policies including FDI is expected to drive the Indian
textile industry with the country being one of the leading textile raw
material producers in Asia Pacific. The Brazilian textile industry is
being majorly driven by the local consumer base with 85% of the total
production getting sold in the domestic market. The government imposing
high taxes on exports across the continent is driving the demand for
modified starch in the region.
- Key industry
players including Emsland-Stärke GmbH, Grain Processing Corporation,
Global Bio-Chem Technology Group, Ingredion Incorporated, Cargill, Inc.,
Agrana Beteiligungs-Ag, and Avebe U.A have a broad range of supplier and
distribution network globally. Archer Daniels Midland Company, Roquette
Frères, China Essence Group Ltd, and Tate & Lyle PLC, are investing
heavily in research and development for the product. In August 2015,
Archer Daniels Midland Company established distribution &
merchandising offices in El Salvador and Guatemala, to expand its
footprint in Central America.
Browse more reports of this
category by Grand View Research: http://www.grandviewresearch.com/industry/food-and-beverages
Grand View Research has segmented
the global modified starch market on the basis of product, application and
region:
Global Modified Starch Product
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
- Starch
esters and ethers
- Resistant
starch
- Cationic
starch
- Pre-gelatinized
starch
- Others
Global Modified Starch
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
- Food
and beverage
- Paper
- Pharmaceutical
- Textile
- Others
Global Modified Starch Regional
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
- North
America
- U.S.
- Europe
- Germany
- Asia
Pacific
- China
- India
- Latin
America
- Brazil
- MEA
Access press release of this research
report by Grand View Research: http://www.grandviewresearch.com/press-release/global-modified-starch-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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