Modified Starch Market Overview, Analysis, Size, Share by 2031

Modified Starch Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis By Raw Material (Corn, Wheat, Potato, Cassava, and Others); Form (Dry and Liquid); Application (Food and Beverages, Animal feed, Cosmetics & Personal Care, and Others)

Publication Month : Mar 2024

  • Report Code : TIPRE00004463
  • Category : Food and Beverages
  • Status : Upcoming
  • No. of Pages : 150
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Analyst Perspective 

The global modified starch market is expected to register a CAGR of ~4%.  The modified starch market is expanding due to increased demand for processed and convenience food.  Increasing consumer preference for clean-label and health-conscious products has increased the demand for modified starch.  Changing dietary patterns and the need for functional ingredients in various industries, including food, pharmaceuticals, and textiles, drives the market growth.  Consumer perception, raw material fluctuations, and competition are significant challenges that may hamper modified starch market growth.  Innovations in applications, clean label trends, and sustainability focus are considered growth opportunities for the modified starch market.  

Market Overview

It is a modified starch versatile ingredient derived from natural sources like corn, tapioca, and potato.  Modified starch is a crucial and helpful component in manufacturing ready-to-eat food products.  It applies to various industries, including food & beverages, animal feed, pharmaceuticals, etc.  Modified starch is a thickening agent and texture enhancer, keeping meals shelf-stable and appealing.  It improves food products' quality and sensory attributes, increasing demand for modified starch.  New modification techniques create starches with even more specific functionalities, catering to diverse industry needs.  With the rising preference for clean-label products, there is a growing focus on natural and organic modified starch alternatives to meet the demand for healthier and more transparent ingredient lists.  Ongoing research and development efforts drive innovations in modified starch production methods, leading to more efficient food quality.  The modified starch market is anticipated to grow in the forecasted period due to the high demand for convenience foods.

Market Drivers

  • Increasing demand for processed and convenience food

Busy lifestyles and increasing disposable income fuel the demand for ready-to-eat meals, where modified starch is vital in texture and shelf life.

Modified starches from non-gluten sources like tapioca and potato cater to the gluten-sensitive population.

  • Diverse industrial application

Expanded use in industries such as pharmaceuticals and textiles enhances the overall market demand for modified starch.

The factors mentioned above are likely to drive the market growth of modified starch.

Market Segmentation

The global modified starch market is segmented based on raw materials, form, and application.  The modified starch market is segmented based on raw material into corn, wheat, potato, cassava, and others.  The modified starch market is segmented based on form into dry and liquid.  The modified starch market is segmented based on application into food and beverages, animal feed, cosmetics & personal care, and others.

Regional Analysis

The report provides a detailed industry overview, which includes qualitative and quantitative information.  It gives an overview and forecast of the global modified starch market based on several segments.  It also provides market size and forecast estimates from 2020 to 2030 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America.  The modified starch market by region is also sub-segmented by respective countries and segments.  The modified starch market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.

The report analyses factors affecting the modified starch market from both the demand and supply side.  Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends.  The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the modified starch market in these regions.

Key Players

The reports cover vital organic and inorganic growth strategy developments in the modified starch market.  Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others.  Inorganic growth strategies activities observed in the market were partnerships & collaborations acquisitions.  These activities have paved the way for the development of the business and customer base of market players.  The market players in the modified starch market are expected to have lucrative growth opportunities with the increasing demand for processed food in the global market.

The report includes key companies' profiles, SWOT analysis, and modified starch market strategies.  The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.

Below is a list of companies engaged in the modified starch market.

  • ADM
  • Avebe
  • Cargill, Incorporated
  • Ingredion inc
  • The Emsland Group
  • Roquette
  • Tate & Lyle
  • KMC
  • Tereos
  • Agran
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

The List of Companies

1. AGRANA Beteiligungs-AG
2. Archer Daniels Midland Company
3. Avebe Group
4. Cargill, Incorporated.
5. CBH Co. , Ltd.
6. Global Bio-chem Technology Group Company Limited
7. Ingredion Incorporated
8. Roquette Frères
9. SMS Corporation
10. Tate and Lyle PLC

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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