Food & Beverage industry accounts for a major share in modified starch market
The major application of this market is for food & beverage market where huge quantities are used on daily basis all over the globe.
Starch is a carbohydrate consisting of large number of glucose units joined by glycosidic bonds. This starch is modified by physical, chemical and biotechnological means. The major application of this market is for food & beverage market where huge quantities are used on daily basis all over the globe. Modified starch imparts different functions such as thickening, binding, stabilizing, emulsifying and others across industries such as food, pharma, cosmetics, and so on.
Americas and APAC are the major regions for the modified starch market. There is scope for potential growth in RoW region. In Americas, U.S., Mexico and Canada are the major countries in modified starch market. The high demand is for corn starch from the food and beverage market. The growing awareness regarding modified starches is the major driver for the growth in Americas.
Modified Starch Market – by Raw Material
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Food & Beverage industry occupies major share in modified starch market. Food and Beverages industry is the one of the largest consumers of starch and related products. Followed by food & beverage, others category accounts for xx% which includes paper making market and textile market. Pharmaceutical industry occupies xx% market share in modified starch market where it acts as production element for the production of antibiotics, vitamins, penicillin, dialysis solutions, enteral nutrition, drip-feed systems, and even blood plasma substitutes in humans. It is also estimated that the food & beverage industry projected to grow with xx% CAGR during the forecast period 2015-2020 throughout the globe.
Modified Starch Market– by Function
The Americas modified starch market had generated $xx billion revenue in the global modified starch market in 2014. It is estimated to reach $ xx billion by 2020 with a CAGR of xx % during the forecast period 2015-2020. RoW has is projected to grow at a faster rate compared to other regions with a CAGR of xx % by 2020. RoW constitutes Middle East, South American and the African regions. Growing demand for low-fat food products and its usage in various end user industries are the key market drivers for this market.
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Few players in this market include:
- AGRANA Group,
- Archer Daniels Midland Company,
- AVEBE U.A.,
- BENEO GMBH,
- Cargill Inc.
Keywords: modified food starch, modified corn starch, modified tapioca starch
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