The global modified starch market was valued at $9.27 bn in 2016 and is forecast to grow at a steady CAGR of 5.9% between 2017 and 2024, culminating in 2024 global sales of $14.67 bn.
Industry at a Glance
Increasing application scope in end-use industries including pharmaceuticals, textiles and cosmetics is expected to drive global modified starch market growth over the forecast period. Shift in the trend towards functional food coupled with demand for natural ingredients in food & feed is anticipated to stimulate demand significantly in the coming years. Busy lifestyle, rising population, and increasing per capita disposable income in emerging economies of Asia Pacific and Latin America has fueled demand for high nutritional value diet.
Strong growth of textile in countries such as India, Bangladesh, Sri Lanka, and Pakistan is projected to augment industry further. The presence of cheap labor, favorable business environment and tax relaxations are few of the factors for such prolific growth of textile industry in Asia Pacific region. Increasing modified starch based products demand from packaged food segment is expected to result in market growth over the next seven years. Longer shelf life coupled with better & improved product offering has positively influenced food processing industry in the recent times.
Pricing Analysis
“Optimal Price Point (OPP) for Modified Starch Products”
Estimated Average HPAPI product cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Increasing corn production coupled with government regulation are expected to influence pricing trends over the forecast period. Government imposing high taxes on textile exports is further anticipated to play a key role in shaping pricing strategies adopted by the companies operational in the market.
Raw Material Trends
The market is segmented into corn, potato, wheat, and cassava on the basis of raw material. Corn segment emerged as the leading raw material as of a result of wide application scope in food & beverages and animal feed. It is widely utilized as a thickening agent in soups, gravies, and custards. Potato starch also constitutes of a significant market share owing to its wide usage as water binder, anti-caking ingredient, bulking ingredient, thickener, and gluing agent.
Application Insights
Food & beverages were the largest application segment stand accounted for over 35% of the overall market revenue in 2016 and are anticipated to grow at a steadily over the forecast period. Modified starch are widely deployed in food & beverages for obtaining desired functional properties in convenience foods, beverages, and bakery & confectionary products. They are adjusted to improve their performance in varied applications by increasing their stability against extreme heat, acid, time and freezing to modify their texture for producing high demand food products.
Pharmaceutical segment is anticipated to witness steady growth with better healthcare facilities in lucrative markets of Asia Pacific and Latin America. Corn starch has been traditionally used as an excipient for solid dosage formulations. Varying on the application scope, native starch is also utilized as a classic tablet disintegrant and pregelatinized starch is used as a binder.
Function Outline
On the basis of function, the market has been segmented into stabilizers, binders, thickeners, and emulsifiers. Thickeners were the leading function segment owing to strong demand from food and beverages application. It is primarily used to provide texture in food products in order to address consumer requirements and maintain stable texture with variations of hot fluidity, stability & solubility, and temperature.
Growth Drivers & Restraints
Increasing sweeteners demand from beverages segment, specifically in non-carbonated soft drinks and sports & energy drinks due to their low-calorie content is set to offer lucrative business opportunities to industry participants. Changing consumption patterns along with shift towards western lifestyle has generated strong demand for packaged food in emerging economies. This factor is anticipated to remain the primary growth factor for market growth over the forecast period. However, strict regulatory policies in developed regions of North America and Europe has resulted in raw material scarcity and surge in prices, hampering modified starch market growth.
Regional Segmentation
North America was the leading regional market in 2016 owing to majority population opting for packaged food & beverages. Moreover, mature pharmaceuticals industry along with general awareness among consumers regarding healthy diet are key factors augmenting regional market growth. Robust textile industry growth in Asia Pacific countries including China, India, Japan, Malaysia and Bangladesh are anticipated to boost modified starch demand. Raw material availability coupled with pricing trends are set to shape up industry dynamics over the forecast period. European market is also expected to perform well due to presence of huge food processing industry in countries such as Germany, UK, Italy, and Spain
Top Players & Company Share
The global modified starch is dominated by industry participants such as Archer Daniels Midland Company, Roquette Freres, Cargill Inc., and Tate & Lyle. Other major companies operating in the market include Avebe U.A., Grain Processing Corporation, Ulrick & Short Ltd., Siam Modified Starch Co. Ltd., Global Bio-Chem Technology Group Company Limited, Samyang Genex Corp, and Agrana Beteiligungs AG.
Market Segmentation
- Modified Starch Market by Raw Material (Volume, Kilo Tons; Revenue, USD Million)
- Corn
- Potato
- Wheat
- Cassava
- Others
- Modified Starch Market by Function (Volume, Kilo Tons; Revenue, USD Million)
- Stabilizers
- Binders
- Thickeners
- Emulsifiers
- Others
- Modified Starch Market by Application (Volume, Kilo Tons; Revenue, USD Million)
- Food & Beverages
- Pharmaceuticals
- Animal feed
- Textile
- Paper Making
- Others
- Modified Starch Market by Region (Volume, Kilo Tons; Revenue, USD Million)
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Chapter 1 Methodology and Scope
- Research Methodology
- Research Scope & Assumptions
- List of Data Sources
Chapter 2 Executive Summary
Chapter 3 Modified Starch Overview
- Market Ecosystem
- Key Stakeholders
- Industry Trends& Analysis
Chapter 4 Modified Starch Industry Outlook
- Market Overview
- Market Segmentation
- Market Size & Growth Prospects
- Market Analysis by Raw Material
- Market Analysis by Function
- Market Analysis by Application
- Leading Brand Dynamics
- Key Market Drivers
- Growth of packaged food & beverages
- Increasing demand from paper making industry
- Key Market Challenges/ Restraints
- Stringent regulatory environment
- Key Market Opportunities
- Rising consumption in pharmaceutical applications
- Major Trends & Issues
- Penetration & Growth Prospects
- Industry Analysis - Porter’s
- Modified Starch Market-PESTEL Analysis
- Company Market Share/Heat Map Analysis
Chapter 5: Pipeline Intelligence
- Executive Summary
- Upcoming/ Emerging Products and/or Solutions
- Key R&D Trends
Chapter 6: Regional Market Outlook by Revenue (USD Billion)
Modified Starch Market Landscape by Region- 2014
- North America Market Landscape Analysis, 2014-2024 (USD Bn)
- U.S. Market Landscape Analysis, 2014-2024
- Canada Market Landscape Analysis-2014-2024
- Europe Market Landscape Analysis, 2014-2024 (USD Bn)
- UK Market Landscape Analysis, 2014-2024
- Germany Market Landscape Analysis, 2014-2024
- France Market Landscape Analysis, 2014-2024
- Italy Market Landscape Analysis, 2014-2024
- Spain Market Landscape Analysis, 2014-2024
- Latin America Market Landscape Analysis, 2014-2024 (USD Bn)
- Brazil Market Landscape Analysis, 2014-2024
- Mexico Market Landscape Analysis, 2014-2024
- Asia Pacific Market Landscape Analysis, 2014-2024 (USD Bn)
- Japan Market Landscape Analysis, 2014-2024
- China Market Landscape Analysis, 2014-2024
- India Market Landscape Analysis, 2014-2024
- Middle East & Africa Market Landscape Analysis, 2014-2024 (USD Bn)
- Saudi Arabia Market Landscape Analysis, 2014-2024
- UAE Market Landscape Analysis, 2014-2024
Chapter 7: Regional Market Outlook by Volume (Kilo Tons)
- Modified Starch Market Landscape by Region- 2014
- North America Market Landscape Analysis, 2014-2024 (Kilo Tons)
- U.S. Market Landscape Analysis, 2014-2024
- Canada Market Landscape Analysis-2014-2024
- Europe Market Landscape Analysis, 2014-2024Kilo (Kilo Tons)
- UK Market Landscape Analysis, 2014-2024
- Germany Market Landscape Analysis, 2014-2024
- France Market Landscape Analysis, 2014-2024
- Italy Market Landscape Analysis, 2014-2024
- Spain Market Landscape Analysis, 2014-2024
- Latin America Market Landscape Analysis, 2014-2024 (Kilo Tons)
- Brazil Market Landscape Analysis, 2014-2024
- Mexico Market Landscape Analysis, 2014-2024
- Asia Pacific Market Landscape Analysis, 2014-2024 (Kilo Tons)
- Japan Market Landscape Analysis, 2014-2024
- China Market Landscape Analysis, 2014-2024
- India Market Landscape Analysis, 2014-2024
- Middle East & Africa Market Landscape Analysis, 2014-2024 (Kilo Tons)
- Saudi Arabia Market Landscape Analysis, 2014-2024
- UAE Market Landscape Analysis, 2014-2024
Chapter 8: Pricing Analysis
Optimal Price Points (OPP), Indifference Price Points (IPP) and Range of Acceptable Prices (RAP) of leading brands and revenue estimation by Region- 2016
- North America Pricing Analysis (OPP, IPP and RAP- 2016)
- U.S. Pricing Analysis-2016
- Canada Pricing Analysis-2016
- Europe Pricing Analysis (OPP, IPP and RAP - 2016)
- UK Pricing Analysis-2016
- Germany Pricing Analysis-2016
- France Pricing Analysis-2016
- Italy Pricing Analysis-2016
- Spain Pricing Analysis-2016
- Latin America Pricing Analysis (OPP, IPP and RAP- 2016)
- Brazil Pricing Analysis-2016
- Mexico Pricing Analysis-2016
- Asia Pacific Pricing Analysis (OPP, IPP and RAP- 2016)
- Japan Pricing Analysis-2016
- China Pricing Analysis-2016
- India Pricing Analysis-2016
- Middle East & Africa Pricing Analysis (OPP, IPP and RAP- 2016)
- Saudi Arabia Pricing Analysis-2016
- UAE Pricing Analysis-2016
Chapter 9: Competitive Landscape
- Archer Daniels Midland Company
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Roquette Freres
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Cargill Inc.
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Tate & Lyle
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Siam Modified Starch Co. Ltd.
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Grain Processing Corporation
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Samyang Genex Corp.
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Ulrick & Short Ltd.
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Avebe U.A.
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Agrana Beteiligungs
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Global Bio-Chem Technology Group Company Limited
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
List of Tables
- TABLE 1 Modified Starch Market - Industry Snapshot & Key Buying Criteria, 2014 - 2024
- TABLE 2 Global Modified Starch Market, 2014 – 2024 (Kilo Tons, USD Billion)
- TABLE 3 Global Modified Starch Market by Raw Material, 2014 – 2024 (Kilo Tons, USD Billion)
- TABLE 4 Global Modified Starch Market by Function, 2014 – 2024 (Kilo Tons, USD Billion)
- TABLE 5 Global Modified Starch Market by Application, 2014 – 2024 (Kilo Tons, USD Billion)
- TABLE 6 Global Modified Starch Market by Region, 2014 – 2024 (Kilo Tons, USD Billion)
- TABLE 7 Modified Starch Market - Key Market Driver Analysis
- TABLE 8 Modified Starch Market - Key Market Restraint/ Challenge Analysis
- TABLE 9 Modified Starch Market – Key Opportunity Analysis
- TABLE 10 North America Modified Starch Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 11 U.S. Modified Starch Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 12 Canada Modified Starch Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 13 Europe Modified Starch Market Landscape Analysis, 2014-2024(Kilo Tons, USD Billion)
- TABLE 14 U.K Modified Starch Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 15 Germany Modified Starch Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 16 France Modified Starch Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 17 Italy Modified Starch Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 18 Spain Modified Starch Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 19 Latin America Modified Starch Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 20 Brazil Modified Starch Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 21 Mexico Modified Starch Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 22 Asia Pacific Modified Starch Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 23 Japan Modified Starch Market Landscape Analysis, 2014-2024(Kilo Tons, USD Billion)
- TABLE 24 China Modified Starch Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 25 India Modified Starch Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 26 Middle East & Africa Modified Starch Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion
- TABLE 27 Saudi Arabia Modified Starch Market Landscape Analysis, 2014-2024(Kilo Tons, USD Billion)
- TABLE 28 UAE Modified Starch Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 29 North America Pricing Analysis
- TABLE 30 North America Pricing Analysis (OPP, IPP and RAP- 2016)
- TABLE 31 U.S. Pricing Analysis-2016
- TABLE 32 Canada Pricing Analysis-2016
- TABLE 33 Europe Pricing Analysis (OPP, IPP and RAP- 2016)
- TABLE 34 U.K Pricing Analysis-2016
- TABLE 35 Germany Pricing Analysis-2016
- TABLE 36 France Pricing Analysis-2016
- TABLE 37 Italy Pricing Analysis-2016
- TABLE 38 Spain Pricing Analysis-2016
- TABLE 39 Latin America Pricing Analysis (OPP, IPP and RAP- 2016)
- TABLE 40 Brazil Pricing Analysis-2016
- TABLE 41 Mexico Pricing Analysis-2016
- TABLE 42 Asia Pacific Pricing Analysis (OPP, IPP and RAP- 2016)
- TABLE 43 Japan Pricing Analysis-2016
- TABLE 44 China Pricing Analysis-2016
- TABLE 45 India Pricing Analysis-2016
- TABLE 46 Middle East & Africa Pricing Analysis (OPP, IPP and RAP- 2016)
- TABLE 47 Saudi Arabia Pricing Analysis-2016
- TABLE 48 UAE Pricing Analysis-2016
List of Figures-
- FIG. 1 Modified Starch Market Segmentation
- FIG. 2 Market Size & Growth Prospects
- FIG. 3 Leading Brand Dynamics
- FIG. 4 Penetration & Growth Prospects
- FIG. 5 Industry Analysis – Porter’s
- FIG. 6 Modified Starch Market – PESTEL Analysis
- FIG. 7 Modified Starch Market Share by Raw Material, 2016 & 2024
- FIG. 8 Modified Starch Market Share by Function, 2016 & 2024
- FIG. 9 Modified Starch Market Share by Application, 2016 & 2024
- FIG. 10 Modified Starch Market Share by Region, 2016 & 2024
Ameri Research implies a unique methodology of published information and primary research to bring key insights to customer decision making process. Our analytics model helps us to understand the structured and unstructured information from various sources. Key steps involves in the process are as below-
- Analyzing Published Information- Access to large pool of paid and unpaid published information via different sources and analyzing market trend.
- Setting Foundation- Input from analysis of secondary sources set our foundation to market analysis and helps in setting the scope for further research. Setting the scope involves Ameri Research proprietary statistical model, discussion with industry leaders, internal brainstorming, key discussion pointers from various forums etc.
- Need Gap Analysis- Defining the gap between our scope and availability of information.
- KOL Panel Discussion- Focused Group Discussion with a structured discussion guide to fine tune the gap and deriving the factors driving/restraining the market trend.
- Quantitative Research- Sampling large number of industry players, Education/Research Institutes, Government bodies, NGOs, Individual acclaimed researchers and conducting the primary interview with a structured questionnaire.
- Data Triangulation- We apply bottom-up demand approach or top-down estimation or a combined approach to triangulate the data points.
- Analyst Comment- Each of our analysts carries large pool of experience from domain perspective and add their value which is directional in nature
