Modified Starch Market | Growth | Trend and Global Industry Forecast to 2022
The global modified starch
market will
grow at a CAGR of 3.8% from 2017 to 2022 to reach USD $14,245 million by 2022,
according to the latest publication from Meticulous Research®. This is
driven by favourable functional properties of modified starch in the food industry,
increasing demand for clean label products, growing convenience food sector,
and abundant availability of maize. In addition, the increasing use of modified
starch in energy drinks and non-carbonated soft drinks for low calories value
expectation and growing use of modified starches as a fat replacer in many food
applications are the other leading factors expected to propel the growth of the
global modified starch market. However, the fluctuating raw material prices and
increasing use of gum arabic is expected to hinder the growth of the market to
some extent.
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| Modified Starch Market by Meticulous Research® |
𝑻𝒐 𝑮𝒆𝒕 𝒂 𝒃𝒓𝒊𝒆𝒇 𝒊𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 𝒃𝒓𝒐𝒘𝒔𝒆 𝒉𝒆𝒓𝒆 ▶️
The global modified starch market is segmented by raw material
(corn, potato, cassava, wheat, and others), function (thickener, binder,
stabilizer, emulsifier and other), application (food and beverages, textile
industry, paper industry, pharmaceuticals, animal nutrition, and others), and
geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East
& Africa).
The corn is estimated to be the largest raw material in the modified starch market in 2016, due to its abundant availability and wide range
of applications in the food & beverage industry. However, the
Cassava is expected to grow faster, as it is the most economic source of starch
on a global level.
North America holds the major share in the global modified
starch market followed by Asia-Pacific and Europe regions. However, Asia-Pacific the region possesses lucrative growth potential for the modified starch market
during the forecast period. This is mainly attributed to the extensive customer
base in these regions due to a large base of population and growing convenience
food sector. Most of the modified starch market in this region will be driven
by developing countries such as India and China due to the increasing
purchasing power, the rising production volume of food and beverages and textile
industries. In addition, increasing demand for natural ingredients in food and
abundant availability of raw materials showcases the great potential for the
modified starch market in these countries.
𝑺𝒆𝒏𝒅 𝒎𝒆 𝒇𝒓𝒆𝒆 𝒔𝒂𝒎𝒑𝒍𝒆 | 𝒃𝒓𝒐𝒄𝒉𝒖𝒓𝒆 ▶️
The leading companies have employed various strategies to expand
their product offerings, global footprint, and augment their market share. The
key strategies followed by most companies in the global modified starch market were
new product developments, agreements and collaborations, and expansions.
Expansions were the most preferred growth strategy adopted by the key players,
during the period of 2014-2017, enabling companies to strengthen their
manufacturing and R&D capabilities, to fulfill growing regional demand, and
ensure a competitive edge in the global modified starch market. The key players
in the global modified starch market are Ingredion Incorporated, Cargill
Incorporated, Achier Daniels Midland Company, AGRANA Beteiligungs-AG,
Emsland-Stärke GmbH, Grain Processing Corporation, Roquette Frères S.A., Tate
& Lyle PLC, AVEBE U.A., and Global Bio-chem Technology Group Company
Limited.
𝑪𝒉𝒆𝒄𝒌 𝒚𝒐𝒖𝒓 𝒊𝒏𝒃𝒐𝒙 𝒇𝒐𝒓 𝒅𝒊𝒔𝒄𝒐𝒖𝒏𝒕 𝒐𝒇𝒇𝒆𝒓 ▶️
https://www.meticulousresearch.com/request-discount/cp_id=2718
https://www.meticulousresearch.com/request-discount/cp_id=2718
Key questions answered in the report-
- Which are the high growth market
segments in terms of raw material, applications, functions, types, regions
and countries?
- What is the historical market for
modified starch market across the globe?
- What are the market forecasts and
estimates from the period 2015-2022?
- What are the major drivers,
restrains, threats, and opportunities in the global modified starch
market?
- What are the burning issues of the
global modified starch market?
- Who are the major players in the
global modified starch market and what share of the market do they hold?
- Who are the major players in
various countries and what share of the market do they hold?
- What are the competitive
landscapes and who are the market leaders by sub-region in the global
modified starch market?
- What are the recent developments
in the global modified starch market?
- What are the different strategies
adopted by the major players in the global modified starch market?
- What are the geographical trends
and high growth regions/ countries?
- What are the local emerging
players in the global modified starch market and how do they compete with the global players?
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Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
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Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Website: https://www.meticulousresearch.com/
Connect with us | LinkedIn | Twitter |
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