­­­Modified Starch Market to Reach Higher by 2027, Globally| UnivDatos Market Insights

The Modified Starch Market is expected to grow at a CAGR of ~4% from 2021-to 2027. A comprehensive overview of the modified starch market is recently added by UnivDatos Market Insights to its humongous database. The modified starch report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the modified starch market. The modified starch report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates modified starch at the global and regional levels.

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Market Overview

The benefits of modified starch such as improved process tolerance to heat, acid, and shear, Long shelf-life stability and improved mouthfeel, Cold-water thickening and texturizing, Reduced hot viscosity and good gel strength, Film-forming, gloss or crunchy texture, Freeze/thaw stability, allowing manufacturers to produce in advance or store products for longer without compromising the eating experience, etc., are contributing to the market growth.

Also, the growing production of raw materials such as potatoes, Corn, Cassava, Wheat, and Other Raw Materials such as Rice Bran, Waxy Maize, etc., is contributing to the growth of the market. As per FAO, in 2020, over 359 million metric tons of potatoes were produced worldwide, an increase from a production volume of 333.6 million tons in 2010. Also, the global corn production is expected to reach 1,197.8 million tons by 2022, up from 1,117.1 million tons in 2021.

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COVID-19 Impact

The COVID–19 pandemic has negatively impacted several industries, including industries engaged in food and beverages manufacturing. Due to the social distancing norms and regulations by the government. Many F&B industries were operating below capacity.

The COVID-19 pandemic has had a historical impact on businesses across various industries in a short time, including the food and beverage supply chain. The biggest misconception about COVID-19 is that empty grocery shelves are an indicator that there is a shortage of food due to the recent runs on grocery stores, which have created these short-term disruptions as the supply chain works to catch up and replenish. During the pandemic, the trade of processed and packaged foods had witnessed a sharp rise as consumers rush to stock their pantries. Also, the sales and consumption of processed foods and other shelf-stable foods that have a longer shelf-life increased. Furthermore, with the shutdown of various foodservice outlets and restaurants across the globe due to nationwide lockdown, consumers are compelled to cook at home. Hence, consumers stockpile food products that can be easily cooked and opt for ready-to-eat foods with longer shelf life. Owing to this, it is expected to have a positive impact on the processed and packaged food industry.

The modified starch market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By function, the market is primarily bifurcated into

• Thickeners

• Stabilizers

• Binders

• Emulsifiers

• Others

The thickeners segment grabbed XX% market share in 2020. Starch is commonly used to thicken and impart body texture in various kinds of soups & sauces. These products are available in a wide range of acidity (pH), water activity (Aw), and solid content depending on product characteristics. One of the factors leading to the increasing use of modified starch is the ability of modified starches to thicken without being heated. Thus, modified starches are used in instant desserts extensively.

By application, the market is primarily bifurcated into

• Food & Beverages

• Feed

• Personal Care Products

• Others

The food & beverage segment grabbed XX% market share in 2020. The ability of modified starch to prevent elasticity in the dough is most widely used in the food and beverage sector as a thickener, food additive, and active ingredient. Furthermore, it is helpful in the food binding process and also used in the preparation of foods that are gluten-free and low in calories.

Modified Starch Market Geographical Segmentation Includes:

• North America

• Europe

• Asia-Pacific

• Rest of the World

Based on the estimation, the Asia-Pacific region grabbed XX% market share in 2020. Surging disposable income coupled with the rising number of working parents across the globe is contributing to the growth of the demand for ready-to-eat food products, therefore, the demand for modified starch is also rising. However, the North America region would witness considerable growth in the forthcoming years.

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The major players targeting the market include

• Archer Daniel Midlands Company

• CARGILL

• Ingredion Incorporated

• Tate & Lyle

• Avebe U.A

• Royal Ingredients Group

• Roquette Frères

• Emsland

• Grain Processing Corporation

• AGRANA

The degree of competition among prominent regional companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the modified starch market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

· What are the latest trends, new patterns, and technological advancements in the modified starch market?

· Which factors are influencing the modified starch market over the forecast period?

· What are the global challenges, threats, and risks in the modified starch market?

· Which factors are propelling and restraining the modified starch market?

· What are the demanding global regions of the modified starch market?

· What will be the global market size in the upcoming years?

· What are the crucial market acquisition strategies and policies applied by global companies?

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