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.
U.S. modified starch market volume, by application, 2013 - 2024 (Kilo Tons) |
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 Modified Starch Market: 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: 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 By Grand View Research: 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.
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