The Modified Starch Market is forecasted to grow from USD 10.32 Billion in 2018 to USD 14.98 Billion by 2026, at a CAGR of 4.6%, during the forecast period. The market is primarily driven due to its use in numerous applications including food & beverage, paper, pharmaceuticals, textiles and other applications such as coatings, adhesives and biodegradable polymers. Growing health and nutrition concerns along with changing preference for healthy appetite are also likely to be a major driving factor for the market.
Increasing demand for convenience food and rapidly developing pharmaceutical industries, especially in the Asia Pacific region, are expected to drive global market growth. With several companies concentrated in North America, Europe, and Asia Pacific, the market is highly competitive and fragmented in nature.
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Maltodextrin’s rising popularity also drives the modified starch market. On the other hand, the key factors hampering this market’s growth are higher raw material costs and high R&D costs. This shows that there is an enormous scope for the global growth of the modified starch market.
The major players in the market are Cargill (US), Tate & Lyle (UK), Archer Daniels Midland (US), Ingredion Inc. (US), Grain Processing Corp. (US), Emsland-Stärke GmbH (Germany), Global Bio-Chem Technology Group Co. Ltd. (Hong Kong), SPAC Starch Products (India), Qingdao CBH Co., Ltd. Company (China), Roquette Frères (France) and others.
Segments covered in the report:
For the purpose of this study, Reports and Data have segmented the market on the basis of type, raw material, function, application and regional analysis.
Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
Raw Materials (Kilo Tons) (Revenue, USD Million; 2016-2026)
Function (Kilo Tons) (Revenue, USD Million; 2016-2026)
Application (Kilo Tons) (Revenue, USD Million; 2016-2026)
Region (Kilo Tons) (Revenue, USD Million; 2016-2026)
North America Europe Asia Pacific Latin America Middle East & Africa
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Further key findings from the report suggest
Table Of content:
Chapter 1. Market Synopsis
1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Modified Starch Segmentation & Impact Analysis
4.1. Modified Starch Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Increase in the consumption of processed and convenience food 4.2.2.2. Growing adhesive demand in a variety of industrial applications 4.2.3. Market restraints analysis 4.2.3.1. Limited sources and high natural additives costs
Continued…
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