Global Modified Starch Market Analysis

February 20, 2021
Mayurikathade

Global Modified Starch Market was valued at US$ 10.32 Bn in 2019 and is expected to reach US$ 14.2 Bn by 2027, at a CAGR of 4.07% during a forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Based on the raw material, corn segment is expected to propel the global modified starch market growth in the forecast period as the growing popularity of corn as a dietary supplement among consumers globally. Increased usage of corn in various food products such as gravies, sauces, and custards which are driving the demand for the yield of corn by developing modified starch products. On the basis of application, food & beverages segment is projected to boost global modified starch market during the forecast period as the increasing expansion of food & beverages industries across the globe and the increased importance of modified starch in this industry. In terms of function, the thickeners segment is estimated to drive the global modified starch market growth in the forecast period.

Consumers’ prime importance is texture when considering which product they want to take home. Increased usage of starch as a thickener and gelling agent in food products, which is driving the global modified starch market growth in a positive way. Emerging economies such as India and China are influencing demand of modified starch. The modified starch market is witnessing vibrant growth as modified starch has digestible nature and quality of being gluten-free, which is providing lesser fat than regular starches. The rise in the use of modified starch by the paper industry as it has binding property for manufacturing high strength and enhanced quality of paper with appropriate surface sizing, coating, and calendaring. However, the threat of substitute and fluctuation in raw material price, which are estimated to hamper the global modified starch market growth in the near future.

 

 

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