DMI segments the Global Modified Starch Market by geography into – North America, South America, Europe, Asia-Pacific (APAC), and Middle East and Africa
Starch is considered as one of the most abundant organic compound available in nature and is used extensively in broad spectrum of applications ranging from food, pharmaceutical, personal care, and industrial. However, starch is structurally weak and is unsuitable or ineffective for use in most of these applications in its inherent forms, thus resulted in modification of its properties. Modified starches are carbohydrates that are derived from native starches through physical, chemical, or enzymatic modification processes. Native starches are modified to enhance its viscosity, stability, and texture. These modified starches are extensively used as thickener, binding agent, stabilizer, and emulsifier in food, feed and cosmetics applications. The rising demand for function foods such as yogurt, protein shakes, and fortified salads and the utilization of modified starches as fat replacers in these products is likely to provide immense growth potential for the market in near future.
Growth in functional food sector: Supporting the market growth
The growth of modified starch market is mainly attributable to the food and beverage industry. The rising demand for functional foods across the globe is the key factor for the growth of modified starch market. Modified starches are considered as a major functional ingredient in preparation of functional food and beverages, fortified foods, and medical foods. The global functional food market is estimated to witness a lucrative growth of over 8% to reach $480 billion by the end of 2024. Furthermore, modified starches are also used as excipient in several pharmaceutical formulations. The high stability and thickening properties of starch made it a key ingredient in cosmetics, textile, paper, and several other industrial applications. The growth of these industries is also supporting the demand for modified starches.
The effect of clean label: Hindering the use of modified starch
The growing consumer demand for clean label product is limiting the growth of modified starch market. Clean label evolved as a critical purchase factor for food and beverages across the globe. According to BENEO-Remy NV, a Belgium based functional ingredients manufacturer, nearly 65% of American consumers are preferring food products derived from natural ingredients over their chemically modified counterparts. This is motivating the food manufacturers to reconsider and eliminate the utilization of modified starch in their food formulations. Furthermore, several modified starch manufacturers are focusing towards innovation of native functional starches that mimic the properties of modified starches. These starches enable food processors to gain clean label claim on their products.
Other key native starches that have improved functionality characteristics to meet the stability and texture of modified starches include Emfix K1 (Emsland Group), PREGEFLO P (Roquette Frères), and SimPure (Cargill, Incorporated).
North America is leading the global modified starch market
DMI segments the global modified starch market by geography into – North America, South America, Europe, Asia-Pacific (APAC), and Middle East and Africa.
Asia Pacific region evolved as the largest market for modified starch owing to large-scale consumption in food and beverages, animal feed, and textile industries. The rapidly growing pharmaceutical and cosmetic manufacturing sectors in countries such as India, China, and several South East Asia nations is driving the growth of the market in this region. According to the Alltech’s feed survey – 2018, Asia Pacific accounts for over 35% of the global animal feed production volume. China remained the global leader with a production volume of 186 million metric tons and SEA evolved as the lucrative market for aquafeed production.
Modified Starch Market Taxonomy:
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