iCrowd Newswire – Sep 23, 2020
Starch is a polysaccharide carbohydrate consisting of a vast number of glucose units joined together by glycosidic bonds. This is due to quick economic development and growing market demand year on year, production of modified starch developed very quickly worldwide. The global market of Modified Starch industry includes production, production value, capacity, cost/profit, and demand/ supply. Modified Starch Market will be more than US$ 14.9 Billion by the end of the year 2026.
Based on raw materials, the modified starch market is categorized as Wheat, Corn, Potato and Cassava. The modified starches are used in all starch applications, likewise thickening agent, emulsifier, binder and stabilizer in food and non-food sector. Besides, the modified starch market is also segmented based on its use in numerous sectors like Confectionery and Drinks, Pharmaceuticals and Chemicals Corrugating and Paper Making, Processed food, Feed and other non-food. Modified starch is widely used in dairy products and confectionery, bakery to enhance their texture and stability and in the pharmaceutical industry; it operates in the formulation of tablets. Generally, the market is segmented by application, by company, and by region for the viable landscape analysis.
Based on regions, the modified starch market has segmented into the Americas, Europe, Asia-Pacific and Rest of World. The Americas and Asia-Pacific mostly dominate the modified starch market. The global starch market is primarily driven by factors such as increasing consumption of processed food and convenience food. The Asia Pacific is predicted to be the fastest-growing regional market. Asian countries, especially China, have emerged as leading destinations, thereby facilitating the market shift from developed economies to developing economies.
The global modified starch market key players include Archer Daniels Midland Company, Cargill, Ingredion and Tate & Lyle. In April 2020, Ingredion announced that planning to build a new integrated modified starch facility in Shandong, China. This new plant will assist the local and regional customers in maintaining a proper service and supply chain. The impacts of the coronavirus (COVID-19) are already starting to be felt and will significantly affect the Global Starch market in 2020. COVID-19 affected the global economy in three main ways: by directly affecting production and market disruption, and demand, by creating supply chain and by its financial impact on firms and financial markets.
Renub Research report “Modified Starch Market, Production & Forecast, Sectors (Corn, Wheat, Cassava, Potato), Regions (Americas, Europe, Asia Pacific, ROW), Segments (Confectionery & Drinks, Processed Food, Corrugating & Paper Making, Feed, Pharmaceuticals & Chemicals, Non-food), Company Analysis” covers in-depth analysis of the Modified Starch industry with a focus on the global market.
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The report have been analyzed from 2 major viewpoints and further studied by 2 different perspectives.
Global Modified Starch Market & Production
• Raw Materials
Segmentation based on Raw Materials
Segmentation based on Region
• Rest of the World
Segmentation based on Industry
• Confectionery and Drinks
• Processed Food
• Corrugating and Paper Making
• Pharmaceuticals and Chemicals
• Other non-food
Key Players Covered in the Report
• Archer Daniels Midland Company
• Tate & Lyle
Key Highlights of this Report Include
• What will be market for Global Modified Starch by 2025?
• How much amount of modified starch will be produced globally by 2025?
• Comprehensive geographic analysis of modified starch
• Up-to-date analyses of modified starch market and production
• Analysis of Drivers and Restraints
• Major competitors’ financial highlights
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Keywords: Modified Starch Market