Published Date : 04 Sep 19 | Views: 17 | Industry : Food & Beverages
The report analyzes the growth of important product type segments such as modified corn starch, modified sago starch, modified cassava starch, and others. Among these, modified corn starch is expected to collect a commanding share of the global market in future. It finds large application as an emulsifier, a thickener, and a stabilizer.
By end use, the global modified starch market could be segmented into cosmetics, animal feed, pharmaceuticals, papermaking and textile, food and beverages, and others. Among these, food and beverages is forecast to account for a significant market share due to high use of modified starch as a thickening agent in foods such as desserts.
The US and Canada could be among key contributors to the growth of the North America modified starch market. High awareness about the health benefits of following a low-fat diet is prophesied to augment the demand for modified starch in the region. Asia Pacific could also show remarkable market growth while riding on investments in and promotion of modified starch products supported by promising government policies. The rise of the agriculture and textile industries in Asia Pacific countries is foreseen to strengthen the regional market growth.
The report covers leading companies operating in the global modified starch market, including Samyang Genex Corp., Cargill, Inc., Avebe U.A., Agrana Beteiligungs AG, Archer Daniels Midland Company, Roquette Frères, Bumi Sari Prima, Ingredion, Budi Starch & Sweetener, and Starch Solution. Companies are foretold to expand their footprint by opening new merchandizing and distribution offices. Manufacturers could be largely interested in developing modified starch that can improve the shelf life of food products and endure harsh processing conditions.
Increased application of modified starch in food and beverage and pharmaceutical industries is foreseen to augment the demand in the global market. Growing demand for convenience foods is prophesied to support the rise of the global modified starch market. Increase in product innovation and research and development activities could help modified starch products to gain traction in the coming years. Rising trend of adopting healthy diets and high demand for natural sweeteners are anticipated to work in the favor of the global market. However, unstable pricing of raw materials could hinder the growth of the global market.