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Modified Starch Market To Reach USD 14,245 Million By 2022
The global Modified starch market will grow at a CAGR of 3.8% from 2017 to
2022 to reach USD $14,245 million by 2022, according to latest publication from
Meticulous Research®. This is driven by favourable functional properties of modified
starch in food industry, increasing demand for clean label products, growing
convenience food sector, and abundant availability of maize. In addition, the
increasing use of modified starch in energy drinks and non-carbonated soft drinks
for low calories value expectation and growing use of modified starches as a fat
replacer in many food applications are the other leading factors expected to propel
the growth of the global modified starch market. However, the fluctuating raw
material prices and increasing use of gum arabic is expected to hinder the growth of
the market to some extent.
The global modified starch market is segmented by raw material (corn, potato,
cassava, wheat and others), function (thickener, binder, stabilizer, emulsifier and
other), application (food and beverages, textile industry, paper industry,
pharmaceuticals, animal nutrition and others), and geography (North America,
Europe, Asia-Pacific, Latin America, and Middle East & Africa).
The corn is estimated to be the largest raw material in the modified starch market in
2016, due to its abundant availability and wide range of applications in the food &
beverage industry. However, the Cassava is expected to grow faster, as it is the most
economic source of starch on a global level.
Browse in depth report:
https://www.meticulousresearch.com/product/modified-starch-market-forecast2022/
North America holds the major share in the global modified starch market followed
by Asia-Pacific and Europe region. However, Asia-Pacific region possesses lucrative
growth potential for the modified starch market during the forecast period. This is
mainly attributed to the extensive customer base in these regions due to large base of
population and growing convenience food sector. Most of the modified starch market
in this region will be driven by developing countries such as India and China due to
the increasing purchasing power, rising production volume of food and beverages
and textile industries.
The leading companies have employed various strategies to expand their product
offerings, global footprint, and augment their market share. The key strategies
followed by most companies in the global modified starch market were new product
developments, agreements and collaborations, and expansions. Expansions were the
most preferred growth strategy adopted by the key players, during the period of
2014-2017, enabling companies to strengthen their manufacturing and R&D
capabilities, to fulfill growing regional demand, and ensure a competitive edge in the
global modified starch market. The key players in the global modified starch market
are Ingredion Incorporated, Cargill Incorporated, Achier Daniels Midland Company,
AGRANA Beteiligungs-AG, Emsland-Stärke GmbH, Grain Processing Corporation,
Roquette Frères S.A., Tate & Lyle PLC, AVEBE U.A., and Global Bio-chem
Technology Group Company Limited.
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Key questions answered in the report•
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Which are the high growth market segments in terms of raw material,
applications, functions, types, regions and countries?
What is the historical market for modified starch market across the globe?
What are the market forecasts and estimates from the period 2015-2022?
What are the major drivers, restrains, threats, and opportunities in the global
modified starch market?
What are the burning issues of the global modified starch market?
Who are the major players in the global modified starch market and what
share of the market do they hold?
Who are the major players in various countries and what share of the market
do they hold?
What are the competitive landscapes and who are the market leaders by subregion in the global modified starch market?
What are the recent developments in the global modified starch market?
What are the different strategies adopted by the major players in the global
modified starch market?
What are the geographical trends and high growth regions/ countries?
What are the local emerging players in the global modified starch market and
how do they compete with the global players?
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