Modified Starches Market Size is Expected to Reach USD 16.87 Billion During Forecast Period 2022 to 2030

December 2022, Market Research Future has published a Report on the Global Modified Starches Market

Modified Starches Market Highlights:

The modified starches market is predicted to register a CAGR of 4.72% during the 2022 to 2030 forecast period. A market research report predicts a USD 16.87 Billion valuation of the market by 2030. The growth is anticipated to be supported by the rising demand from different industry verticals. Based on the report, the surging usage across different industries will drive growth in the market in the coming years till 2030. However, the growing demand for alternatives will negatively affect the modified starches market’s growth. The weak supply chain is anticipated to be another factor which could turn out to be a threat to companies during 2022 to 2030. The Hot Modified Starches Market report based on primary and secondary data reveals that form, source, and applications segments will witness a healthy growth till 2030 While the increasing demand from manufacturers across different sectors will support the market during the forecast period and favorable government policies will also help the market globally, the growth could be affected by the lack of developed infrastructure which could hinder business activities. The fluctuating prices of raw materials are also expected to be responsible for stalled market growth till 2030.

Modified Starches Market Segmentation:

The modified starches market is categorized into smaller segments such as form, source, and applications in order to analyze the Hot Modified Starches Market. The form, source, and applications segments are then categorized further. The form segment is categorized into powder, liquid and gel. Analysts have studied these sub segments. Based on source, the global market is further segmented into cassava, corn, potato, wheat, and others. Based on the study of these segments, analysts have shared market forecasts. On the basis of applications, the market is segmented into smaller segments including food & beverages (beverages, confectionery, processed food, others), non-food (corrugating & paper making, personal care, pharmaceutical, textiles, and others).
The growing demand for innovative products will drive growth in the market during the forecast period 2030 to 2030. Across all the segments including form, source, and applications, the Hot Modified Starches Market for modified starches will witness a healthy growth. However, factors such as unstable raw material prices could become a threat to the market’s growth. Economic activities surrounding the modified starches sector will also get benefitted from the increasing awareness among consumers. Businesses across modified starches have been thoroughly studied and analysed by modified starches industry’s expert researchers. Findings have been published in the modified starches market research report with forecasts till 2030.
Modified Starches Market Regional Overview:

The modified starches market, apart from the product and service related segments, is spread across the world. The regional markets of modified starches covered in the report are North America, Europe, Asia-Pacific, the Middle East and Africa as well as the rest of the world. The growing demand from companies across many industries is set to be a key growth factor for businesses active in the modified starches space. The market across North America is segmented into the United States, Mexico, Canada, and others. Regional markets in the modified starches sector across the European Hot Modified Starches Market are segmented into Germany, Italy, the United Kingdom, and France. The market in the APAC region is segmented into India, China, Japan, and others. Modified starches based businesses across the world will be supported by the surging usage across different industries during the forecast period 2022 to 2030. However, the growth could be hindered by the easy availability of alternative products. The Hot Modified Starches Market is also segmented into the Middle East and Africa regions among others.

Competitive Landscape

Modified starches based companies have been studied and profiled in the market research report. The modified starches market along with its segments and key players has been studied. Modified starches business analysis is done to identify competitors and their strategies. The global modified starches market research report covers core values, strengths and other key factors about modified starches market related companies. competitors to help comprehend their mission, vision, core values, niche market, strengths, and weaknesses. Favorable government policies are set to help the market during the forecast period 2022 to 2030. The Hot Modified Starches Market is anticipated to reach a higher valuation of US$43.92 MMT with a CAGR of 3.35%. However, growing concerns regarding the cost will prove to be affecting the modified starches market growth.

Industry News:

Tate & Lyle has agreed to pay an undisclosed amount for an 85 percent interest in Thailand-based tapioca ingredient producer Chaodee Modified Starch.  Chaodee Processed Starch manufactures a variety of tapioca modified food starch products for use in a variety of foods and beverages. Tate & Lyle estimates that over 90% of tapioca starch is manufactured in Thailand, and this investment expands Tate & Lyle's footprint in specialty tapioca-based texturants and creates a dedicated manufacturing plant in east Thailand's tapioca field. Tate & Lyle will be able to provide a wider variety of tapioca-based options to satisfy consumer demand for improved tasting products as a result of the purchase.