Global Octenyl Succinct Anhydride Modified Starch Market - Growth, Trends, and Forecast (2018 - 2023)
The global octenyl succinct anhydride modified starch market is expected to register a CAGR of 5.3% during the forecast period, 2018 - 2023. North America accounted for the largest share, of about 35% of the global market share in 2017. The US is the major consumer of octenyl succinct anhydride modified starch market globally. Octenyl succinct anhydride modified starch has major applications across the food & beverage industry owing to its varied functional and nutritional properties.
Modified starch includes cationic starch, etherified starch, pre-gelatinized starch, resistant starch, esterified starch and other modified starches. OSA is a type of esterified starch that is used in various industrial applications.
Functional Properties Enabling Growth in Food Applications
Octenyl succinct anhydride modified starch has increasing demand in the food industry, owing to its functional properties, such as stabilizing, encapsulating, interfacial, thermal, nutritional and rheological properties. OSA starch is being used in food products, such as sauces, puddings, and baby foods, since years. However, in recent years, it is being used more in food products with special nutritional value.
Adoption of Octenyl Succinct Anhydride Modified Starch in the Cosmetic Industry
Octenyl succinct anhydride modified starch-based cosmetic products are gaining popularity due to the functional properties and clean label claims of OSA. The OSA market is segmented based on application, function, and geography. BY application, the OSA market includes cosmetics, food & beverage, and pharmaceuticals. Cosmetics application is further segmented as lotions/moisturizers, dermatological powders, deodorants, make-up and other cosmetic products. The OSA modified starch market is segmented on the basis of its function into emulsifier, rheology modifier, and others, such as anti-caking agent. OSA modified starch is mostly used as an emulsifier, followed by its use as a rheology modifier in food, beverages, cosmetics, and pharmaceutical products.
North America to Dominate the Market
The North American market for OSA modified starch is gaining importance pertaining to the shift of consumer preferences from artificialingredients to natural ingredients. Modified starch accounts for 20% of the total starch and starch derivatives consumption in Europe. The OSA modified starch market is expected to grow at an accelerating rate in Asia-Pacific due to rise in demand for functional food and beverages. Corn and cassava are the major sources of modified starch used in Asia-Pacific and the region is the largest producer and consumer of cassava starch, globally.
Key Developments in the Market