Global Modified Starch Market 2017-2021
About Modified Starch
Modified starch or starch derivative refers to the derivative obtained by treating native starch chemically, physically, and enzymatically, thereby altering its properties. Native starches basically refer to pure starch forms that are obtained from different sources such as wheat, potato, corn, tapioca, and cassava. Chemically, these are long-chain carbohydrates that do not dissolve in cold water and facilitate swelling, depending upon the temperature used. Therefore, native starches are extensively used in food for decades. However, due to the limitations, such as the breaking down of native starch in acidic environments or when reheated, the food manufacturers are opting for starches that are modified, commonly known as modified starches.
Technavio’s analysts forecast the global modified starch market to grow at a CAGR of 4.14% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global modified starch market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Modified Starch Market 2017-2021
Technavio recognizes the following companies as the key players in the global modified starch market: Archer Daniels Midland, Cargill, Ingredion, Tate & Lyle, and Roquette
Other Prominent Vendors in the market are: AGRANA Beteiligungs, Avebe, Emsland Group, Global Bio-chem Technology Group Company, and Grain Processing.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emergence of modified starch-based plastics. The global interest in the adoption of environmentally-friendly products fosters the global modified starch market. As it provides a considerable opportunity to increase the extent of starch used in thermoplastic composites that are designed for one-time-use containers and articles derived from the process of extrusion, blow molding, compression molding or co-extrusion, and injection molding.”
According to the report, one of the major drivers for this market is Increasing demand for modified starch as thickeners. One of the major driving factors for the global modified starch market is the high demand and use of modified starch as a thickener in food products. Modified corn starch is extensively used in the food processing industry for its excellent thickening property. In addition, modified starch as a thickening agent acts as a substitute for high calorie sugar or high cholesterol eggs in many products. It is also highly preferred by health-conscious chefs around the world. The thickening property of modified starch makes it ideal for an array of applications, such as gravies, sauces, and soups.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuating prices of raw material hampering scale of modified starch production. The global modified starch market has witnessed fluctuations in raw material prices associated with the production of modified starch. The fluctuations in the prices of raw materials depend upon the nature vagaries and not just on the ease of availability. The producers of modified starch consider the price pertaining to native starch acquisition to produce modified starch. Native starch is used as the key raw material used for the production of modified starch. The fluctuations in the prices of raw materials would not only lead to the vendors in the market being indecisive about the fixation of prices for the modified starch offered by them but also could lead to increased prices of modified starch to earn a significant profit margin in the market.
Archer Daniels Midland, Cargill, Ingredion, Tate & Lyle, Roquette, AGRANA Beteiligungs, Avebe, Emsland Group, Global Bio-chem Technology Group Company, and Grain Processing.
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