The global modified starch market is estimated to be valued at USD 13.7 billion in 2022. It is projected to reach USD 15.9 billion by 2027, recording a CAGR of 3.1% during the forecast period. Modified starch is a versatile ingredient that has the ability to transform basic properties of native starch to suit the specific requirements of various industries. With its exceptional characteristics such as bulk water absorption, emulsification, and thickening properties, modified starch has opened up a vast spectrum of applications. Not only does it enhance the quality of food & beverages, but it has also proven to be a game-changer in the textile and paper industry. By serving as a texture agent, fat replacer, and emulsifier, modified starch has become a critical ingredient in the formulation of products across different sectors. Thanks to the advanced processing technology used to develop modified starch, it has become possible to create tailor-made ingredients that can solve a wide range of formulating challenges.
Modified starch is a food ingredient that has been chemically, physically, or enzymatically altered to improve its functionality in various food applications. Modified starch is widely used in the food industry as a thickening agent, stabilizer, emulsifier, and binder. It is also used in non-food applications such as paper, textiles, and pharmaceuticals.
The global modified starch market is expected to grow significantly in the coming years due to the increasing demand for convenience foods and the growth of the food processing industry. The market is segmented by source, function, application, and region.
Based on the source, the market is segmented into corn, potato, wheat, and others. Corn-based modified starch is the most widely used, accounting for a significant share of the market.
Based on function, the market is segmented into thickeners, stabilizers, binders, emulsifiers, and others. The thickeners segment is expected to dominate the market due to the widespread use of modified starch as a thickener in various food applications.
Based on application, the market is segmented into food and non-food. The food segment is further divided into confectionery, processed foods, beverages, and others. The processed foods segment is expected to dominate the market due to the increasing demand for convenience foods.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America. The Asia Pacific region is expected to dominate the market due to the growing food processing industry and the increasing demand for convenience foods in countries such as China and India.
In conclusion, the modified starch market is expected to experience significant growth in the coming years due to the increasing demand for convenience foods and the growth of the food processing industry. The market is segmented by source, function, application, and region, with corn-based modified starch being the most widely used and the Asia Pacific region expected to dominate the market.
