Global Modified Starch MarketAugust 27, 2021 ⚊ 6 Min read ⚊ Views 289 ⚊ HEALTH
Global Modified Starch Market was valued at US$ 10.32 Bn in 2019 and is expected to reach US$ 14.2 Bn by 2027, at a CAGR of 4.07% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global Modified Starch Market Dynamics:
Based on the raw material, corn segment is expected to propel the global modified starch market growth in the forecast period as the growing popularity of corn as a dietary supplement among consumers globally. Increased usage of corn in various food products such as gravies, sauces, and custards which are driving the demand for the yield of corn by developing modified starch products. On the basis of application, food & beverages segment is projected to boost global modified starch market during the forecast period as the increasing expansion of food & beverages industries across the globe and the increased importance of modified starch in this industry. In terms of function, the thickeners segment is estimated to drive the global modified starch market growth in the forecast period.
Consumers’ prime importance is texture, while considering which product they want to take home. Increased usage of starch as a thickener and gelling agent in food products, which is driving the global modified starch market growth in a positive way. Emerging economies such as India and China are influencing demand of modified starch. The modified starch market is witnessing vibrant growth as modified starch has digestible nature and quality of being gluten-free, which is providing lesser fat than regular starches. The rise in the use of modified starch by the paper industry as it has binding property for manufacturing high strength and enhanced quality of paper with appropriate surface sizing, coating, and calendaring. However, the threat of substitute and fluctuation in raw material price, which are estimated to hamper the global modified starch market growth in the near future.
Global Modified Starch Market Regional Analysis:
In terms of region, North American is expected to hold the largest share in the global modified starch market during the forecast period. The US is boosting the modified starch market as increased consumption of cornstarch in this country. Europe is projected to generate the highest CAGR in the global modified starch market during the forecast period as strict regulations for modified starch and the growing consumption of convenience food products in this region. The Asia Pacific is also projected to surge the modified starch market growth in the forecast period as increased industrialization and disposable incomes of consumers in this region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Modified Starch Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Modified Starch Market.
Global Modified Starch Market, Key Highlights:
• Global Modified Starch Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Modified Starch Market
• Global Modified Starch Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Modified Starch Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Modified Starch Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Modified Starch Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
Scope of the Report Modified Starch Market: Inquire before buying
Global Modified Starch Market, by Type
• Etherified Starch
• Cationic Starch
• Resistant Starch
• Esterified Starch
Global Modified Starch Market, by Raw Material
Global Modified Starch Market, by Function
Global Modified Starch Market, by Application
• Food & Beverages
• Animal Feed
Global Modified Starch Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Global Modified Starch Market: Key Players
• Archer Daniels Midland Company
• AGRANA Beteiligungs-AG
• Cargill, Incorporated
• Emsland Group
• Grain Processing Corporation
• Global Bio-chem Technology Group Company Limited
• Roquette Frères
• Tate & Lyle
• Penford Corp.
• SPAC Starch Products (India) Limited
• Everest Starch India Pvt. Ltd.
• Dixsons Enterprises
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