The global modified starch market size was estimated at USD 11.8 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2030.
The demand for processed and convenience foods is being driven by an expanding global population. Modified starch is a crucial and useful component found in manufacturing ready-to-eat food products. The market for modified starch is anticipated to expand significantly due to rising consumer demand for processed foods over the coming years.
COVID-19 had both positive and negative impacts on the market. Processed and packaged foods were in high demand during the pandemic when consumers rushed to pile up foods that had longer shelf lives, which led to higher demand for modified starch. However, many restaurants and food service outlets were shut as well as the food and beverage supply chain was disrupted due to lockdowns and restrictions across the globe. As the supply chain is gradually restored and restaurants and other food service establishments start to reopen, the market is anticipated to return to its pre-COVID levels.
Convenience foods are mainly prevalent in North America and Europe based on regional annual consumption rates. People's lives are nowadays becoming hectic and isolated, resulting in little time for home cooking. Globalization and the resulting lifestyle changes have resulted in an increase in the consumption of convenience foods in various countries around the world, especially in Asia's expanding markets, thereby increasing the demand for modified starch.
Gather more insights about the market drivers, restrains and growth of the Modified Starch Market
Modified Starch Market Report Highlights
• Starch esters & ethers led the market with the highest revenue share in 2021 owing to their ability to improve food texture and shelf life
• Corn-based starch led the material segment with the highest revenue share in 2021 owing to its ease of availability
• In terms of value, thickeners dominated the function segment with the highest revenue share in 2021. This is attributable to the product’s ability to enhance the viscosity of any liquid without affecting other properties
• Food & beverage led the application segment in terms of revenue owing to the growing demand for convenience and packaged foods globally
Browse through Grand View Research's Nutraceuticals & Functional Foods Industry Research Reports.
• The global soy flour market size was valued at USD 3.61 billion in 2023 and is projected to grow at a CAGR of 5.8% from 2024 to 2030.
• The global grape seed extract market size was valued at USD 175.3 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2030.
Modified Starch Market Segmentation
Grand View Research has segmented the global modified starch market based on product, material, function, end-use, and region:
Modified Starch Product Outlook (Revenue, USD Million, 2017 - 2030)
• Starch Esters & Ethers
• Resistant
• Cationic
• Pre-gelatinized
• Others
Modified Starch Material Outlook (Revenue, USD Million, 2017 - 2030)
• Corn
• Cassava
• Wheat
• Potato
• Others
Modified Starch Function Outlook (Revenue, USD Million, 2017 - 2030)
• Stabilizers
• Thickeners
• Emulsifiers
• Binders
• Others
Modified Starch End-use Outlook (Revenue, USD Million, 2017 - 2030)
• Food & Beverage
• Animal Feed
• Paper
• Pharmaceuticals
• Textiles
• Others
Modified Starch Regional Outlook (Revenue, USD Million, 2017 - 2030)
• North America
or US
or Canada
or Mexico
• Europe
o UK
or Germany
or France
or Spain
or Italy
• Asia Pacific
o China
o India
or Japan
or Thailand
o Australia & New Zealand
• Central & South America
or Brazil
• Middle East & Africa
o South Africa
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