Global Modified Starch Market Report by Raw Material (Corn, Wheat, Cassava, Others), Products (Starch Esters & Ethers, Resistant, Cationic, Pre-Gelatinized, Others), Form (Dry, Liquid), Function (Thickeners, Stabilizers, Binders, Emulsifiers, Others), End-Use (Food & Beverage, Animal Feed, Paper, Pharmaceutical, Textiles, Others), Regions and Company Analysis 2024-2032

Global Modified Starch Market Analysis

Global Modified Starch Market size is foreseen to be about US$ 18.65 Billion by 2032. The CAGR for the market from 2024 to 2032 is 4.60%. Renub Research states that it amounted to US$ 12.44 Billion in 2023.

"Modified" does not imply genetically modified. Modified starch is extracted from grains and vegetables. This starch has subsequently developed particular characteristics, like adding texture and structure to the meals to which it is added. Depending on the manner, starches can accumulate unique functionalities useful to particular food preparation strategies. Modified starches are used as excipients in the manufacture of medicines within the pharmaceutical industry, while in the cosmetics enterprise, they are added to pastes, dry shampoos, or bath starches. Modified starches also are added to adhesives and assist in paper production.

Global Modified Starch Market Growth Drivers

•    Rising need for Processed and Convenience Food

Modified starch prevents unwanted issues like liquid separation and maintains the desired consistency. This is specifically crucial in applications that include ready-to-consume food and packaged soups. The availability of processed ingredients that can be brief and easy to prepare has become a need for many consumers. The IFIC's Public Perception of Processed Foods in a Healthy Diet survey said that consumers eat processed foods because they are easy to prepare (33%), they enjoy the taste (32%), and they can be stored longer (29%). The demand for processed foods relies mainly on the economic state of affairs in a specific country or location. The BMJ Journal states that the highest processed food consumption is in the United States (50% of each day's energy consumption) and the lowest in Colombia (16). Intake also varies inside Europe, from 15% of the overall calorie consumption by the adult populace in Romania to 57% within the UK. The growing demand and intake of processed and comfort food is the main driving force in the global modified starch market.

•    Growth in the Usage of Cosmetics and Personal Care Product

The demand for a chemical-free range of skin and hair care merchandise has risen exponentially within the past decade. This also enables the boom of the global modified starch market. Manufacturers are increasingly focusing on developing it. Modified starches discover utility in creams, lotions, and hair care formulations. This provides viscosity, balance, and texture enhancement. Modified starches derived from tapioca, maize, potato, and rice starch allow formulators to stabilize overall performance and care for the environment compared to their silicon-based options. Modified starch has additionally shown anti-inflammatory benefits, soothing itchy skin and calming rashes and burns.

•    Rise in the Number of Fast Food Chains adds to the Global Modified Starch Market

The fast food enterprise is one of the world's most famous and worthwhile industries. The industry has grown surprisingly in recent years with the upward push of fast-food chains. For instance, in December 2023, McDonald's announced its plans to launch ten new CosMc locations, a new spinoff brand. The menu will feature some old favorites, such as Egg McMuffins and M&M McFlurries, while new items like Churro Frappes and pretzel bites will be introduced. The new brand aims to offer a fast and convenient way to grab a snack or coffee. Modified starch in fast foods offers exquisite functional advantages to diverse meals, which include bakeries, sandwiches, beverages, and nutritious foods. It is used as a fat replacer and as a texture improver. Modified starch in foods is also for high dietary claims and stability of shear and temperature. This increasing use is adding to the growth in the global modified starch market.

Asia-Pacific Modified Starch Market

Asia-Pacific could experience the quickest boom within the global modified starch market. This is due to the region's heavy reliance on agriculture for financial improvement. The Economic Survey 2022-23, tabled in the Parliament by the Union Minister of Finance and Corporate Affairs Nirmala Sitharaman, cited that the agriculture area grew 4.6% annually in the past six years. It stated that the performance of the agriculture quarter remains critical to growth and employment in the nation.

The China Starch Industry Association and Shanghai Sinoexpo Informa Markets International Exhibition Co., Ltd hosted the Starch Expo 2022. It was held at the NECC (Shanghai) from June 19 to 21, 2023. The expo focused on innovation, green, and safety. It expanded the scale of the expo, closely followed industry trends, and showed new trade opportunities for the starch manufacturing industry to high-quality global exhibitors and visitors. Initiatives like these by the industry players and government are propelling the Asia-Pacific modified starch industry.

Global Modified Starch Industry News

Cargill Inc., Ingredion Inc., Archer Daniels Midland Company, Tate and Lyle, Associated British Foods plc, Tereos Group, Sudzucker AG, and Global Bio-Chem Technology Group Company Ltd. are major global modified starch market enterprises.

• In February 2024 - Ingredion Incorporated, a leading global provider of specialty ingredient solutions to the food and beverage manufacturing industry and pioneer of clean-label ingredients, announced NOVATION® Indulge 2940 starch. This starch expands the company's line of clean-label texturizers with the first non-GMO functional native corn starch that provides a unique texture for gelling and co-texturizing famous dairy and alternative dairy products and desserts.
• In June 2023 - Lory Starch Saphir, pure by Loryma, is unmodified and E-number-free, distinguishing it from other products in the category.
• In October 2022 - Roquette unveiled an organic pea protein starch as an alternative to meat and dairy. The new organic pea starch is designed for the EU and US markets and promises to be a great substitute in culinary applications. This aligns with the growing demand for plant-based options, offering a sustainable and organic choice in the food industry.
• In September 2022 - Cargill inaugurated its corn wet mill in Pandaan, Pasuruan, Surabaya, to meet the growing demand in starches, sweeteners, and feed markets in Asia and Indonesia. This USD 100 million (IDR 1.3 Trillion) facility, built during the pandemic, is also expected to benefit the local economy by creating up to 4,000 new jobs and employment opportunities and helping with the development of Indonesia's food and beverage industry.
• In July 2022 - Grain Processing Corporation (GPC) introduced FYBRIN™RS resistant starch at this year's IFT Expo in Chicago. The new corn-based resistant starch is a gluten-free dietary fiber ingredient with minimal calories.

Raw Materials – Market breakup in 4 viewpoints:

1.    Corn
2.    Wheat
3.    Cassava
4.    Others

Products – Market breakup in 5 viewpoints:

1.    Starch Esters & Ethers
2.    Resistant
3.    Cationic
4.    Pre-Gelatinized
5.    Others

Form – Market breakup in 2 viewpoints:

1.    Dry
2.    Liquid

Function – Market breakup in 5 viewpoints:

1.    Thickeners
2.    Stabilizers
3.    Binders
4.    Emulsifiers
5.    Others

End-Use – Market breakup in 6 viewpoints:

1.    Food & Beverage
2.    Animal Feed
3.    Paper
4.    Pharmaceutical
5.    Textiles
6.    Others

Countries – Market breakup in 25 viewpoints:

1.    North America

1.1    United States
1.2    Canada

2.    Europe

2.1    France
2.2    Germany
2.3    Italy
2.4    Spain
2.5    United Kingdom
2.6    Belgium
2.7    Netherlands 
2.8    Turkey

3.    Asia Pacific

3.1    China
3.2    Japan
3.3    India
3.4    South Korea
3.5    Thailand
3.6    Malaysia
3.7    Indonesia
3.8    Australia
3.9    New Zealand

4.    Latin America

4.1    Brazil
4.2    Mexico
4.3    Argentina

5.    Middle East & Africa

5.1    Saudi Arabia
5.2    UAE
5.3    South Africa

All the Key players have been covered from 3 Viewpoints:

•    Overview
•    Recent Development
•    Revenue Analysis

Company Analysis:

1.    Cargill Inc.
2.    Ingredion Inc.
3.    Archer Daniels Midland Company
4.    Tate and Lyle
5.    Associated British Foods plc,
6.    Tereos Group
7.    Sudzucker AG
8.    Global Bio-Chem Technology Group Company Ltd.

Report Details: