Published on : Dec 11, 2017
ALBANY, New York, December 11, 2017: As per a new research report, recently added to the vast depository of ResearchMoz.us, the global market for modified starch is registering a tremendous growth and is projected to remain expanding constantly over the forthcoming years. The research study, titled “Modified Starch Market, Production & Forecast, Sectors (Corn, Wheat, Cassava, Potato), Regions (Americas, Europe, Asia Pacific, ROW), Segments (Confectionery & Drinks, Processed Food, Corrugating & Paper Making, Feed, Pharmaceuticals & Chemicals, Non-food), Company Analysis,” offers an all-inclusive analysis of this market, focusing especially on the growth boosters and restraining factors. It also assesses the prominent trends and the past and current performance of this market in a bid to determine its future status.
As per the estimations of this research report, the global market for modified starch is expected to cross US$13 bn by 2024 end. With the advancements in the technologies for the modification of starches, the demand for modified starches has significantly increased for a wider array of industrial applications, such as in the feed, food, pharmaceuticals, paper, and several other industries. Generally, modified starch is utilized in all starch applications, such as thickening agent, binder, emulsifier, and stabilizer in the food and various non-food industries, reports the market study.
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In this research report, the global market for modified starch has been evaluated on the basis of the raw material, application the geographical reach of this market. Based on the raw material, the worldwide modified starch market has been classified into corn, cassava wheat, and potato. The market has been further categorized on the basis of its application in various sectors into processed food, confectionery and drinks, corrugating and paper making, pharmaceuticals and chemicals, feed, and other non-food. Modified starch finds most significant application in bakery, confectionery, and dairy products to improve their texture and their stability. The pharmaceutical industry also utilizes these starches in the formulation of tablets, states the report.
On the basis of the geography, the worldwide modified starch market has been bifurcated into the Americas, Asia Pacific, Europe, and the Rest of World. The Americas and Asia Pacific have surfaced as the leading regional markets for modified starch across the world. However, on the basis of manufacturing, the Americas is leading all the regional markets, notes the study.
The competitive evaluation of the worldwide market for modified starch has also been presented in this research report. Researchers have thoroughly reviewed the company profiles and the existing and upcoming projects of the leading participants to determine the current hierarchy between them. As per the market study, this market is fragmented and highly competitive, thanks to the presence of numerous local vendors of modified starch across the world. With the increasing consolidation activities, such as strategic alliances and mergers and acquisitions, the degree of competition among these vendors is expected to intensify further in the coming years. The pricing strategies adopted by these vendors will also instigate the rivalry between them. The leading players in the global market for modified starch are Riddhi Siddhi Gluco Biols Ltd., Archer Daniels Midland Co., Ingredion, Cargill, Tate & Lyle, and Gulshan Polyols Ltd., as mentioned in this research study.
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