Surging Demand for Processed and Packaged Food to Escalate the Growth of Modified Starch Market, Globally

A rise in disposable income, growing demand for convenience food, and ready-to-eat food are some of the key factors that are driving the demand for modified starch. Moreover, growth in the food and beverage industry is leading to the growing demand for modified starch as it is used as thickening agents, stabilizing agents, or emulsifying agents due to their partially digestible nature and quality of being gluten-free, thus providing lesser fat than regular starches. The paper-making industry is another main application of modified starches, owing to their binding property for manufacturing high strength and enhanced quality paper with appropriate surface sizing, coating, and calendaring.

According to UnivDatos Market Insights (UMI)’ research report “Global Modified Starch Market Analysis, 2020”, growing urbanization and suing awareness about the benefits of modified starch are contributing to the growth of the market. As per WBCSD, 66% of the world’s population is expected to live in cities by 2030. . As per a survey on food and nutrition attitudes, 54% of Americans said people in the U.S. pay more attention to eating healthy foods today compared with 20 years ago.

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Also, a growing number of international tourist and a rising number of hotels, restaurant, and cafes globally is contributing to the growing demand for modified starch in terms of demand for processed/packaged and junk food. As per the World Bank, the number of international tourists reached 2.28 billion in 2019, up from 1.96 billion in 2015. Moreover, the expenditure on international tourism reached 6.1% of total imports, up from 5.6% of the total; imports. According to the World Bank, the number of international departures more than doubled between 1997 and 2017, from 687 million to 1.57 billion per annum.

?Based on the raw material, the wheat segment acquired the XX% market share and gathered USD XX Mn market in 2020. Wheat starch has superior gelling, stabilizing, and thickening properties. When used in food, wheat starch helps impart the desired texture and viscosity, along with enabling gel formulation, binding, and moisture retention. It is mainly employed as a thickening agent in the food industry. Bakery products remain the predominant application of wheat starch because of their compatibility with wheat flour.

Based on the modification type, the enzymatic modification grabbed XX% market share. The segment captured USD XX Mn in 2020. Starch is a biopolymer of plant origin that is cheap abundant and has many applications in food and non-food industries. However, in the native form, its applications are limited due to shortcomings, such as loss of viscosity and thickening power upon cooking and storage, retrogradation characteristics, and the absence of certain groups responsible for a particular function,?etc.?So, to reduce its limitations and improve its applications, modification of starch is necessary.

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The Asia Pacific to Grab Lion’s Share, But Europe to witness Explicit Growth

Based on the Region, the Asia-Pacific region dominated the global modified starch market in 2020. Promulgating per capita income coupled with the rising demand for ready-to-eat food items is contributing to the market growth of the region. However, Europe would witness a robust CAGR in the forthcoming years stated in UnivDatos Market Insights (UMI)’ research report “Global Modified Starch Market Analysis, 2020”. ?

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global modified starch market are Archer Daniel Midlands Company, CARGILL, Ingredion Incorporated, Tate & Lyle, Avebe U.A, Royal Ingredients Group, Roquette Frères, Emsland, Grain Processing Corporation, AGRANA, etc., The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry. ?

“Global Modified Starch Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the modified starch market across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.??

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?Market Segmentation:

1.?????By Raw Material (Potato, Corn, Cassava, Wheat, Others)

2.?????By Application (Food & Beverage, Feed, Personal Care Products, Others)

3.?????By Modification Type (Physical Modification, Chemical Modification, Enzymatic Medication)

4.?????By Function (Thickeners, Stabilizers, Binders, Emulsifiers, Others)

5.?????By Region (North America, Europe, Asia-Pacific, Rest of the World)

6.?????By Company (Archer Daniel Midlands Company, CARGILL, Ingredion Incorporated, Tate & Lyle, Avebe U.A, Royal Ingredients Group, Roquette Frères, Emsland, Grain Processing Corporation, AGRANA)

Key questions answered in the study:

1.?????What are the current and future trends of the global modified starch market industry?

2.?????How the industry has been evolving in terms of end-user demand and application areas?

3.?????How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.?????What are the key growth drivers and challenges for the modified starch market industry?

5.?????What are the customer orientation, purchase behavior, and expectations from modified starch market firms across various regions?