Global Modified Starch Market Overview:
Modified starch refers to starches that have been prepared physically or chemically from a variety of foods, including waxy maize, wheat corn, potato, and others in order to improve their functional properties. The modified starch market has high growth prospects owing to increasing application in the food & beverages, industrial, and animal feed industry. Further, increasing demand from the emerging countries expected to drive the demand for modified starch. According to AMA, the Global Modified Starch market is expected to see growth rate of 4.1%
Market Drivers
- Increasing Consumption Of Processed and Convenience Food
- Rising Use of Modified Starch in the Animal Feed Industry
Market Trend
- Growing Industrial Applications of Modified Starch in the Cosmetic, Textile, Paper, and Other Industries
Restraints
- Stringent Government Regulations for Food Products
- Fluctuating Raw Material Prizes
Opportunities
- Rising Demand from Emerging Economies
- Growing Demand of Modified Starch from Food Industry
Challenges
- Availability of Alternative for Modified Starch
Competitive Landscape:
Some of the key players profiled in the report are Archer Daniels Midland (United States), Cargill (United States), Ingredion Incorporated (United States), Tate & Lyle (United Kingdom), Roquette Frères (France), Universal Starch Chem Allied (India), Agrana Beteiligungs Ag (Austria), Avebe U.A. (Netherland), Emsland-Starke (Germany) and Grain Processing Corporation (United States). Additionally, following companies can also be profiled that are part of our coverage like Meelunie (Netherland), Visco Starch (India) and Global Bio-Chem Technology Group Company (Hong Kong). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Modified Starch market by 2024. Considering Market by Function, the sub-segment i.e. Thickeners will boost the Modified Starch market.
Market Highlights:
3rd January 2019, Ingredion Incorporated provider of ingredient solutions acquired Western Polymer a potato starch manufacturer.
“According to the Department Of Health And Human Services, food starch-modified should be safely used in food. The quantity of any substance employed to effect such modification shall not exceed the amount reasonably required to accomplish the intended physical or technical effect, nor exceed any limitation prescribed. To ensure safe use of the food starch-modified, the label of the food additive container shall bear the name of the additive "food starch-modified" in addition to other information required by the Act.”
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Modified Starch market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Modified Starch market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Modified Starch Manufacturers, Traders, Distributors, and Dealers, Regulatory and Research Organizations, Raw Material Producers, Suppliers, and Distributors, Market Research Firms, Potential Investors, Industry Associations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.