SEATTLE–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/AcidHydrolysis?src=hash” target=”_blank”gt;#AcidHydrolysislt;/agt;–The global modified starch market was valued at US$ 10.24 billion in
2018, and is projected to exhibit a CAGR of 5.5% over the forecast
period (2019–2027), in terms of revenue.
Key Trends and Analysis of the Modified Starch Market:
The modified starch market is expected to witness substantial growth
over the forecast period.
According to Monash Biomedicine Discovery Institute, a research
conducted at the Monash University in 2018 in Australia conclusively
reported that modified starch prevented the onset of diabetes. This
opens up an opportunity for players in the market to use modified starch
as a medicinal food and introduce related products.
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Dual chemical modification is a key technological trend in the global
modified starch market. Two different chemical modification processes
are merged together to improve final product properties. Typical
combinations include, crosslinking/hydroxypropylation,
crosslinking/acetylation, and acetylation/oxidation processes among
others. In the food and beverages industry, cross linking of starch is
done to thicken, texturize, and stabilize food systems. Increasing
demand for cross-linked starch products in the food & beverages and
plastic industry is a key driver for growth of the cross-linked starches
segment in the global modified starch market. Furthermore, in the food
and beverages industry, cross-linked starches are used in acidic food
products, in the preparation of pie filling, baby food, soups, gravies,
bread, puddings, and others.
Major players in the market are focused on adopting various strategies
to expand their product portfolio and enhance their market share. For
instance, in 2017, Cargill launched Clearset 35426 – a unique blend of
specialty starches for gelatin-free sugar confectionery applications, an
innovative texturizing technology has been developed in Europe which
will reduce the production time of wine gum by 50%. Furthermore, in
2015, the company launched new product called CreamTex, a unique starch
enabling a minimum of 50% fat reduction in yoghurt to improve the
texture and rheological behavior of the finished product.
To know the latest trends and insights prevalent in this market,
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Key Market Takeaways:
-
The global modified starch market is expected to exhibit a CAGR of
5.5% during the forecast period in terms of revenue. The market growth
is driven by increasing use of modified starch in various end-use
industries such as textile, paper and packaging, pharmaceuticals,
animal feed, personal care, and others. -
Among regions, North America is expected to account for major market
share over the forecast period, owing to increasing demand for food
and dairy products from the food and beverages industry. Moreover, the
use of modified starch in food & beverages allows products to be
stored over long durations. -
Some of the major players operating in the global modified starch
market include, Archer Daniels Midland Company, Cargill, Ingredion
Incorporated, Tate & Lyle, Emsland-Starke GmbH, Agrana
Beteiligungs-AG, Grain Processing Corporation, Roquette Frère, and
others
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