1. Global Modified Starch Market Insight Analysis
The global modified starch market is projected to reach a value of 9590.96 million USD by 2024, with a compound annual growth rate (CAGR) of 4.24% from 2024 to 2033.
Modified starch, also known as starch derivatives, are prepared by physically, enzymatically, or chemically treating native starch to change its properties. These modifications enhance the performance of starch in various applications, such as increasing stability under high temperatures, improving texture, and enhancing viscosity stability. Modified starch is widely used in food and beverages, paper making, textiles, pharmaceuticals, animal feed, cosmetics, and other industries.
Figure Global Modified Starch Market Size (M USD) and CAGR (2024-2033)
2. Driving and Limiting Factors of Modified Starch Market Growth
The growth of the modified starch market is influenced by several key factors. On the positive side, the increasing demand from the food and beverage industry, as well as from paper and textile manufacturing, is a significant driver. Modified starch is essential for improving the texture and stability of food products, making it a crucial ingredient in many formulations. Additionally, the growing pharmaceutical industry relies on modified starch for its properties as a disintegrant and binder in drug formulations.
However, there are also limiting factors that could hinder market growth. One major challenge is the availability of alternative products, such as gum arabic, which can substitute modified starch in certain applications. This competition can reduce the market share of modified starch. Additionally, fluctuations in raw material prices and the high costs associated with research and development can impact profitability. The modified starch market is also highly competitive, with numerous players vying for market share, which can limit growth opportunities for smaller firms.
3. Technology Innovation and Corporate Mergers and Acquisitions in Modified Starch Market
The modified starch market is characterized by continuous technological innovation and strategic corporate activities. Companies are investing heavily in research and development to create new and improved starch derivatives that meet the evolving needs of various industries. For example, advancements in biotechnology and enzymatic processes are enabling the production of modified starch with enhanced properties, such as improved resistance to heat and acids.
Corporate mergers and acquisitions are also shaping the market landscape. Major players like Archer Daniels Midland Company, Ingredion, and Cargill are expanding their market presence through strategic acquisitions and partnerships. These activities not only enhance their product portfolios but also strengthen their global market positions. For instance, Ingredion’s acquisition of Western Polymer expanded its potato starch production capacity and enhanced its high-value specialty ingredients business.
4. Global Modified Starch Market Size by Type
Modified Cassava Starch: This type of modified starch is derived from cassava roots. It is commonly used as a food additive due to its thickening, stabilizing, and emulsifying properties. In 2024, the market value of modified cassava starch is forecasted to reach approximately 948.55 million USD. Cassava starch is particularly valued for its ability to withstand high temperatures and its non-GMO status, making it suitable for a wide range of food applications.
Modified Sago Starch: Sourced from sago palms, this starch is known for its unique properties, such as freeze-thaw stability and biodegradability. The market value of modified sago starch is expected to be around 562.03 million USD in 2024. It is used in composite films and environmental cleaning applications, among others.
Modified Corn Starch: This is the most widely used type of modified starch, accounting for the largest market share. Modified corn starch is versatile and used in various industries, including food, paper, and textiles. The market value of modified corn starch is projected to reach 5869.67 million USD in 2024. Its applications range from thickening agents in food products to binding agents in paper manufacturing.
Table Global Modified Starch Market Size by Type in 2024
Market Size (M USD) 2024 | |
Modified Cassava Starch | 948.55 |
Modified Sago Starch | 562.03 |
Modified Corn Starch | 5869.67 |
Others | 2210.72 |
5. Global Modified Starch Market Size by Application
Modified starch is utilized in a variety of industries due to its functional properties. The applications of modified starch can be broadly categorized into food and beverages, paper making and textiles, pharmaceuticals, animal feed, cosmetics, and others.
Food & Beverages: Modified starch is extensively used in the food industry as a thickening agent, stabilizer, and emulsifier. It helps improve the texture and stability of food products, such as sauces, soups, and baked goods. The market value of modified starch in the food and beverages sector is forecasted to be 2930.04 million USD in 2024.
Paper Making and Textile: In the paper industry, modified starch is used as a binder and sizing agent to improve paper strength and printability. In textiles, it is used for sizing and finishing fabrics. The market value of modified starch in this application is expected to reach 2545.44 million USD in 2024.
Pharmaceuticals: Modified starch is used in pharmaceuticals as a disintegrant, binder, and coating agent. It helps in the formulation of tablets, capsules, and other drug delivery systems. The market value of modified starch in the pharmaceutical sector is projected to be 1308.21 million USD in 2024.
Animal Feed: Modified starch is used in animal feed to improve the nutritional value and palatability of feed products. The market value of modified starch in animal feed is estimated to be 575.46 million USD in 2024.
Cosmetics: Modified starch is used in cosmetics as a thickening agent and stabilizer. It helps improve the texture and stability of cosmetic products, such as creams and lotions. The market value of modified starch in the cosmetics sector is expected to reach 867.02 million USD in 2024.
Table Global Modified Starch Market Size by Application in 2024
Application | Market Size (M USD) 2024 |
Food & Beverages | 2930.04 |
Paper Making and Textile | 2545.44 |
Pharmaceuticals | 1308.21 |
Animal Feed | 575.46 |
Cosmetics | 867.02 |
Others | 1364.79 |
6. Global Modified Starch Market by Top Regions
North America: North America is projected to maintain its position as the largest market for modified starch by revenue in 2024, with an estimated market value of 3263.12 million USD. The region’s dominance can be attributed to its mature industrial base, strong agricultural sector, and high demand for modified starch in food, paper, and pharmaceutical industries.
Europe: Europe is another significant market, with an estimated value of 2359.96 million USD in 2024. The region benefits from a strong industrial foundation, particularly in the food and paper sectors. The demand for high-quality, functional ingredients drives the use of modified starch in various applications.
China: China is expected to be a major market for modified starch, with a projected value of 1430.64 million USD in 2024. The country’s rapid economic growth, expanding food and beverage industry, and increasing demand for processed foods drive the market’s expansion.
Japan: Japan’s modified starch market is estimated to reach 256.91 million USD in 2024. The country’s advanced industrial technology and high demand for modified starch in the food and pharmaceutical sectors support its market value. Japan’s focus on innovation and quality control ensures that it remains a significant player in the global market.
Middle East & Africa: The Middle East and Africa region is projected to have a market value of 327.11 million USD in 2024. The region’s growing population, increasing urbanization, and expanding food and beverage industry drive the demand for modified starch. Additionally, the region’s strategic location facilitates trade with other major markets.
South America: South America’s modified starch market is estimated to be 295.65 million USD in 2024. The region’s rich agricultural resources and growing food and beverage industry drive the demand for modified starch. Additionally, South America’s strategic location facilitates trade with North America and Europe, supporting its market growth.
Figure Global Modified Starch Market Size by Region in 2024
7. Global Modified Starch Market Analysis by Major Players
7.1 Archer Daniels Midland Company (ADM)
Introduction: ADM is a global food processing and commodity trading company based in the United States. Established in 1902, it is known for its diverse product portfolio, including modified starch.
Business Overview: ADM produces natural corn starch for the food industry and a range of modified starches for paper, board, and gypsum board manufacturers. The company’s modified starch products enhance the performance of various industrial applications.
7.2 Ingredion
Introduction: Ingredion is a leading global ingredient solutions company, established in 1906. It produces a wide range of sweeteners, starches, nutrients, and biomaterials for various industries.
Business Overview: Ingredion’s modified starch products are designed to meet the needs of the food and beverage industry. The company offers a broad range of naturally derived solutions that enhance product performance and consumer appeal.
7.3 Cargill
Introduction: Cargill is a privately held global corporation based in the United States, established in 1865. It is the largest privately held corporation in the United States in terms of revenue.
Business Overview: Cargill’s modified food starch portfolio is designed to meet the functional needs of the food industry. The company’s products offer benefits such as gelation, thickening, and puffing, enhancing the overall quality of food and beverages.