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Modified Starch Market by Raw Material, Application, Function And Region-Global Forecast to 2023

Modified Starch Market: Forecast until 2023

  • April 2018
  • 174 pages
  • ID: 4716219
In this report:
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According to the FAO, cassava is grown in an area of ## million hectares, wherein ## million tons were produced in 2015; this was a ##.##% increase over the previous year.

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The modified starch market is estimated to rise at a compound annual growth rate of 4.10 percent.

The modified starch market is projected at ~$10.4B in 2018, and forecasted to grow at a compound annual growth rate (CAGR) of 4.10 percent, to attain ~$12.7B by 2023. The sector is primarily influenced by Elements such as growing consumption of processed food and convenience food. APAC is intended to be the quickest-increasing regional market. Asian region, especially China, have emerged as leading destinations, thereby facilitating the market shift from developed economies to developing economies. One of the main restraints in the rise of the modified starch market is the growing costs of raw materials and stringent regulations.

The corn segment led the industry with the biggest market share in 2017.

On the basis of raw material, the modified starch market was led by the corn segment.Corn is a staple food, and it is preferred across the world due to its importance in the diets of different countries; therefrom, the sector for modified corn starch recorded for the biggest share in 2017.

One of the most important applications of cornstarch is its use as a thickening agent in soups and liquid-based foods including sauces, gravies, and custards.

Modified starch as thickeners recorded for the biggest market share in 2017.

Established on function, the thickeners segment recorded for the biggest share in the modified starch market in 2017. In the food market, thickeners are generally used to thicken gravies, puddings, sauces, and soups without altering the taste.

Food & beverages to be the quickest increasing application of modified starch.

Established on application, the food & beverages segment is anticipated to be the quickest-rising during the forecast period.This industry segment is quickly increasing, primarily due to the rising demand for convenience food, in which modified starches are considered as food additives.

In food applications, the modified starches are used for their functional applications, as fat replacers, texture improvers, nutritional products, high shear ability, and temperature stability.

Important rise is expected in the Asia Pacific modified starch market.

Asia-Pac is forecasted to be the quickest developing market for the period considered for this analysis, due to the increase in disposable income and rise in demand for convenience & processed food, along with the increasing industrial base, leading to increased demand for modified starch in the territory. Additionally, the increase industrial applications, starch processing technologies, and ready availability of modified starch drive the market in Asia Pacific countries.

Break-up of Primaries:

• By Company category: Tier 1 - 35 %, Tier 2 - 45.0 percent, and Tier 3 - 20.0 percent

• By Description: C-suite - 35.0 percent, D-suite - 25.0 percent, and Others* - 40.0 percent

• By Area: North America continent - 20.0 percent, Europe (EU) - 25.0 percent, Asia Pacific (APAC) - 40.0 percent, and rest of the world - 15.0 percent

*Others contain sales managers, marketing managers, and product managers.

• Qingdao CBH Co., Limited

Segment Research

The document breaks down the modified starch on the basis of raw material, application, function, and area. In terms of insights, this business report has emphasized different levels of analyses-competitive landscape, end-use review, and company descriptions, which together comprise and examine views on the emerging & high-growth segments of the overall modified starch, high-growth areas, territories, government actions, drivers, market restraints, alternatives, and opportunities.

Why acquiring this study can help you:

• To get a comprehensive overview of the modified starch

• To benefit wide-ranging information about the top actors in this market, their products review, and top strategies approved by them

• To benefit business insights about the main countries/localities in which the modified starch is prospering

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