The article cited AMA's "Global Modified Starches Market Study" explored CAGR of 20.3%. According to the report, Increasing Research and Development Activities is one of the primary growth factors for the market. Growing Demand for Convenience and Processed Food
is also expected to contribute significantly to the Modified Starches market. Overall, applications of Modified Starches, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Raw Material, such as Corn, is boosting the Modified Starches market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End-users, such as Food & Beverage, is boosting the Modified Starches market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Modified Starches market identified that the demand is rising in many different parts of the world as "Emerging Markets in the Asia Pacific and Africa
". Furthermore, some recent industry insights like "In November 2021,Ingredion Incorporated announced a new addition to its extensive range of potato-based solutions for the U.S. and Canada, ULTRA-TEX 1311 modified potato starch." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Modified Starches market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Modified Starches market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.