The global modified starch market size was valued at USD 9.36 billion in 2016 and is projected to witness a CAGR of 5.7% from 2017 to 2025. Rising demand for convenience food and rapidly developing pharmaceutical industry, particularly in Asia Pacific region, are anticipated to drive the growth of the global market.The market is highly competitive and fragmented in nature with a large number of companies concentrated in North America, Europe, and Asia Pacific.

U.S. has been one of the leading countries in the global market, in terms of starch production, as well as consumption, on account of high demand from various end-use industries. The major end-use sectors are food & beverage, pharmaceuticals, oil and drilling, animal feed, textiles, and paper. Modified starches are generally made from maize and wheat owing to their low cost and ease of availability and processing.

Small-scale mill owners play an important role, in terms of working in collaboration with large-scale manufacturers and act as contract manufacturers. Most of the prominent companies in this market are focusing on research and development, in terms of using new technology for processing to improve product properties and enhance overall capabilities.

Modified starch products are widely used in the F&B sector as emulsifiers, stabilizers, and thickening agents in the production of bakery products, biscuits, noodles, and other convenience food products. Asia Pacific is expected to be the fastest-growing market on account of the expansion of production facilities and increasing product demand from the food, paper, and textile sectors in the region.

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Further key findings from the study suggest:

• The global modified starch market was valued at USD 9.36 billion in 2016 and is anticipated to ascend at a CAGR of 5.7%

• In terms of value, food & beverage application segment led the overall market in 2016 and held 37.6% of the global share

• Cationic starch is expected witness significant growth on account of their increasing usage in the paper and textile industries

• Several companies including Archer Daniels Midland Company and Cargill Inc. are investing heavily in R&D for the development of advanced technologies

• Key market players include Cargill Foods; The Archer Daniels Midland Company (ADM); Ingredion, Inc.; Tate & Lyle PLC; and Roquette Frères

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