The global modified starch market was valued at US$ 10.24 billion in 2018, according to Modified Starch Market Report, by Process Type (Cationization, Crosslinking, Acid Hydrolysis/Treatment, Acetylation, and Others), by End-use Industry (Food & Beverages, Animal Feed, Pharmaceuticals, Textiles, Paper & Packaging, Personal Care, and Others), by Raw Material (Corn, Tapioca, Wheat, and Others), and by Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa) published by Coherent Market Insights.
The global modified starch market is projected to reach US$ 16.46 billion by 2027, exhibiting a CAGR of 5.5% during the forecast period (2019-2027). Increasing demand for modified starch in the food and beverages, animal feed, pharmaceuticals, textiles, paper and packaging, and personal care industries is expected to boost growth of the modified starch market over the forecast period.
Modified starch finds application in food and beverages industry. It is primarily used as a stabilizer, binder, and thickening agent. The addition of modified starch also increases the shelf life of the end product. The sterility of the product is maintained even at severe conditions such as both high and low temperatures. Moreover, addition of starch helps the food to preserve its structure. Rapid growth in demand for food & beverages in the two largest populations of the world i.e. China and India has in turn boosted the modified starch market growth. According to The World Bank, with a population of 1.3 billion in 2008, China has surpassed the U.S. as the world’s largest consumer of food and beverages. According to the China Britain Trade Council, the food industry in China witnessed an overall turnover of US$ 514 billion in 2014.
Increasing use of gum arabic is a potential restraint to the modified starch market growth. Gum arabic is used to stabilize beverage emulsions, in printing, paint production, glue, cosmetics, textiles, and for viscosity control in inks. Along with its functional advantages, gum arabic also carries certain health benefits such as reduces body fat, helps wound healing, restricts blood loss and others.
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