What is Modified Corn Starch?
Modified Corn starch, also referred to as corn flour, is a carbohydrate extracted from the endosperm of corn. It is used for various culinary, household, and industrial purposes. In the kitchen, corn starch is most often used as a thickening agent for sauces, gravies, glazes, soups, casseroles, pies, and other desserts. The surging consumption of ready-to-mix food items and increasing demand for cake mixes, coffee mixes has resulted in an increased demand for corn starch.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Modified Corn Starch market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Archer Daniels Midland (ADM) (United States), Cargill (United States), Ingredion Incorporated (United States), Tate & Lyle Plc. (United Kingdom), Roquette (France), ACH Food Companies Inc. (United States), GEA Group Aktiengesellschaft (Germany), AVEBE (Netherlands), Nihon Shokuhin Kako (Japan) and Japan Corn Starch (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sanwa Starch Co. Ltd. (United States), Zhucheng Xingmao (China) and Xiwang Group (China).
Segmentation Overview
AMA Research has segmented the market of Global Modified Corn Starch market by Type (Oxidized Corn Starch, Acid-modified Corn Starch and Cationic Wet End Corn Starch), Application (Food & Beverages [Bakery & Confectionery Products, Beverages, Processed Foods, Others], Industrial [Medicines & Pharmaceuticals, Papermaking, Cosmetics, Weaving & Textiles, Others] and Animal Feed [Swine Feed, Ruminant Feed, Poultry Feed, Others]) and Region.
On the basis of geography, the market of Modified Corn Starch has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
ADM, a global leader in nutrition and agricultural origination and processing, announced that it has completed its acquisition of Sojaprotein, a leading European provider of non-GMO soy ingredients. The addition represents a significant expansion of ADM’s global alternative protein capabilities and its ability to meet growing demand for plant-based foods and beverages.
Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, announced a new fluorochemical-free addition to its expansive offering of barrier starches for the U.S. and Canada, FILMKOTE 2030 barrier starch. The new starch helps paper and packaging producers meet increasing demand for high-performing, sustainable Oil and Grease Resistant (OGR) packaging.
“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 the 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.”
Market Drivers
- Increasing Population and Growing Economic Conditions across the Developing Economies
- Upsurging Demand for Ready-to-Eat Food Products
Opportunities
- Increasing Use in Manufacturing of Animal Feed Products, Pharmaceutical and Cosmetics Industry
- The Growth of Paper and Textile Industries in Making Clothes and Furniture Upholstery
Restraints
- Lack of Supply Chain Infrastructure from the Underdeveloped Regions
Challenges
- Unorganized Agriculture Sector Worldwide
- Required Level of Consistency in Raw Material Production
Key Target Audience
Modified Corn Starch Manufacturers, Modified Corn Starch Distributors and Traders, Upstream and Downstream Buyers, Research and Development Institutes, Raw Material Producers, Suppliers, and Distributors, Potential Investors and Venture Capitalists, Industry Associations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.