Market Overview:
The global modified starch thickener market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for processed food and beverages, rising awareness about the benefits of modified starch thickeners in various applications, and growing demand from emerging economies. Based on type, the corn segment is expected to account for the largest share of the global modified starch thickener market in 2018. This segment is also projected to grow at a CAGR of 5.8% during the forecast period. Modified starches derived from corn are used as thickeners and stabilizers in a wide range of food products such as sauces, dressings, desserts, bakery items, etc., owing to their excellent properties such as high viscosity and stability over a wide pH range. Based on application, food and beverages accounted for majority share (64%) of total demand for modified starch thickeners in 2017; this segment is also projected to grow at highest CAGR during forecast period due high adoption rate by manufacturers across different regions worldwide . Modified starches are widely used as thickeners and stabilizers in various types of food products such as dairy products (milk shakes/puddings), frozen foods (ice creams/frozen desserts), convenience foods (soups/noodles), etc.
Product Definition:
A modified starch thickener is a type of food additive that is used to thicken and stabilize foods. This type of thickener is made from starch that has been chemically modified, which gives it improved stability and thicker consistency. Modified starches are often used in sauces, gravies, dressings, and puddings. They are also sometimes added to ice cream as a stabilizer.
Corn:
Corn is a grain, which is the largest cereal crop in the world. It's yield factor (modified starch) can be used as an efficient thickener for food & beverage applications and other industrial products such as adhesives, paints, coatings and printing inks. The modified starch from corn has been widely used to produce high-quality thickeners that are suitable for various food applications including sauces, soups and gravies without compromising on taste or quality.
Potato:
Potato is a starchy, staple food produced in numerous varieties. The potato plant has been cultivated for thousands of years and is the second most important agricultural crop after rice. Potatoes are used to produce starch for modified starch thickenener (MST), which is further used as an ingredient in various food products such as frozen processed foods, sauces & dressing, bread & bakery items and others.
Application Insights:
Food and beverage was the largest application segment in 2017. The product is used as a thickener in sauces, soups, gravies, and other food products. It is also employed to improve texture consistency of sauces when they are applied on the surface of hot or cold foods.
The pharmaceutical industry has emerged as another key end-use segment for manufacturers of MDI products over the past few years owing to its rising demand for MDI products that offer visco-elastic properties to liquid suspensions which help prevent sediment formation. In addition, these modified starches have excellent clarity agents which make them suitable for use in drug formulations that require minimal alteration in appearance or taste when used as thickeners.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, in terms of consumption, over the forecast period. The growth can be attributed to a rise in demand for bakery and processed food products along with an increase in disposable income of consumers. Asia Pacific has been witnessing strong economic growth on account of rapid industrialization and urbanization resulting from high population growth rates.
The presence of emerging economies such as China, India, Indonesia and Thailand is anticipated to boost market development owing to increasing exports from these countries coupled with rising domestic production capacities for modified starch thickener due to increased investments by foreign companies. For instance; In January 2016; Cargill Inc invested USD X million for constructing a corn starch manufacturing plant in India which will have an annual capacity equivalent to that of 200 thousand tons per annum thus boosting regional product demand over the forecast period.
Growth Factors:
- Increasing demand for convenience foods: The growing trend of busy lifestyles has led to an increased demand for convenient foods that are easy to prepare and consume. Modified starch thickeners offer these benefits, making them a popular choice among food manufacturers.
- Rising awareness about the health benefits of modified starch thickeners: There is a growing awareness among consumers about the health benefits of using modified starch thickeners in food products. This is driving demand for such products, especially in developed countries.
- Growing popularity of plant-based diets: There is a growing trend towards plant-based diets, which has led to an increase in the use of plant-based ingredients like modified starch thickeners in food products. This provides opportunities for growth for the market players operating in this space.
Scope Of The Report
Report Attributes
Report Details
Report Title
Modified Starch Thickener Market Research Report
By Type
Corn, Potato, Cassava, Wheat, Others
By Application
Food and Beverages, Pharmaceuticals, Textile Industry, Paper Industry, Animal Nutrition
By Companies
Cargill Incorporated, Ingredion Incorporated, Archer Daniels Midland Company, Tate & Lyle Plc, Roquette Freres S.A, AGRANA Beteiligungs-AG, AVEBE U.A., Emsland-Stärke GmbH, Grain Processing Corporation, Global Bio-chem Technology Group Company Limited, Asia Fructose, Angel Starch and Foods
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Modified Starch Thickener Market Report Segments:
The global Modified Starch Thickener market is segmented on the basis of:
Types
Corn, Potato, Cassava, Wheat, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverages, Pharmaceuticals, Textile Industry, Paper Industry, Animal Nutrition
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cargill Incorporated
- Ingredion Incorporated
- Archer Daniels Midland Company
- Tate & Lyle Plc
- Roquette Freres S.A
- AGRANA Beteiligungs-AG
- AVEBE U.A.
- Emsland-Stärke GmbH
- Grain Processing Corporation
- Global Bio-chem Technology Group Company Limited
- Asia Fructose
- Angel Starch and Foods
Highlights of The Modified Starch Thickener Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Corn
- Potato
- Cassava
- Wheat
- Others
- By Application:
- Food and Beverages
- Pharmaceuticals
- Textile Industry
- Paper Industry
- Animal Nutrition
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Modified Starch Thickener Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Modified starch thickener is a type of thickeners that are used in food products to make them more viscous and less watery. It is also used as an emulsifier to help prevent oil and water separation.
Some of the major companies in the modified starch thickener market are Cargill Incorporated, Ingredion Incorporated, Archer Daniels Midland Company, Tate & Lyle Plc, Roquette Freres S.A, AGRANA Beteiligungs-AG, AVEBE U.A., Emsland-StƒÂ¤rke GmbH, Grain Processing Corporation, Global Bio-chem Technology Group Company Limited, Asia Fructose, Angel Starch and Foods.
The modified starch thickener market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Modified Starch Thickener Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Modified Starch Thickener Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Modified Starch Thickener Market - Supply Chain
4.5. Global Modified Starch Thickener Market Forecast
4.5.1. Modified Starch Thickener Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Modified Starch Thickener Market Size (000 Units) and Y-o-Y Growth
4.5.3. Modified Starch Thickener Market Absolute $ Opportunity
5. Global Modified Starch Thickener Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Modified Starch Thickener Market Size and Volume Forecast by Type
5.3.1. Corn
5.3.2. Potato
5.3.3. Cassava
5.3.4. Wheat
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Modified Starch Thickener Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Modified Starch Thickener Market Size and Volume Forecast by Application
6.3.1. Food and Beverages
6.3.2. Pharmaceuticals
6.3.3. Textile Industry
6.3.4. Paper Industry
6.3.5. Animal Nutrition
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Modified Starch Thickener Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Modified Starch Thickener Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Modified Starch Thickener Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Modified Starch Thickener Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Modified Starch Thickener Demand Share Forecast, 2019-2026
9. North America Modified Starch Thickener Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Modified Starch Thickener Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Modified Starch Thickener Market Size and Volume Forecast by Application
9.4.1. Food and Beverages
9.4.2. Pharmaceuticals
9.4.3. Textile Industry
9.4.4. Paper Industry
9.4.5. Animal Nutrition
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Modified Starch Thickener Market Size and Volume Forecast by Type
9.7.1. Corn
9.7.2. Potato
9.7.3. Cassava
9.7.4. Wheat
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Modified Starch Thickener Demand Share Forecast, 2019-2026
10. Latin America Modified Starch Thickener Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Modified Starch Thickener Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Modified Starch Thickener Market Size and Volume Forecast by Application
10.4.1. Food and Beverages
10.4.2. Pharmaceuticals
10.4.3. Textile Industry
10.4.4. Paper Industry
10.4.5. Animal Nutrition
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Modified Starch Thickener Market Size and Volume Forecast by Type
10.7.1. Corn
10.7.2. Potato
10.7.3. Cassava
10.7.4. Wheat
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Modified Starch Thickener Demand Share Forecast, 2019-2026
11. Europe Modified Starch Thickener Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Modified Starch Thickener Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Modified Starch Thickener Market Size and Volume Forecast by Application
11.4.1. Food and Beverages
11.4.2. Pharmaceuticals
11.4.3. Textile Industry
11.4.4. Paper Industry
11.4.5. Animal Nutrition
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Modified Starch Thickener Market Size and Volume Forecast by Type
11.7.1. Corn
11.7.2. Potato
11.7.3. Cassava
11.7.4. Wheat
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Modified Starch Thickener Demand Share, 2019-2026
12. Asia Pacific Modified Starch Thickener Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Modified Starch Thickener Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Modified Starch Thickener Market Size and Volume Forecast by Application
12.4.1. Food and Beverages
12.4.2. Pharmaceuticals
12.4.3. Textile Industry
12.4.4. Paper Industry
12.4.5. Animal Nutrition
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Modified Starch Thickener Market Size and Volume Forecast by Type
12.7.1. Corn
12.7.2. Potato
12.7.3. Cassava
12.7.4. Wheat
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Modified Starch Thickener Demand Share, 2019-2026
13. Middle East & Africa Modified Starch Thickener Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Modified Starch Thickener Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Modified Starch Thickener Market Size and Volume Forecast by Application
13.4.1. Food and Beverages
13.4.2. Pharmaceuticals
13.4.3. Textile Industry
13.4.4. Paper Industry
13.4.5. Animal Nutrition
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Modified Starch Thickener Market Size and Volume Forecast by Type
13.7.1. Corn
13.7.2. Potato
13.7.3. Cassava
13.7.4. Wheat
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Modified Starch Thickener Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Modified Starch Thickener Market: Market Share Analysis
14.2. Modified Starch Thickener Distributors and Customers
14.3. Modified Starch Thickener Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cargill Incorporated
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ingredion Incorporated
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Archer Daniels Midland Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tate & Lyle Plc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Roquette Freres S.A
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AGRANA Beteiligungs-AG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AVEBE U.A.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Emsland-Stärke GmbH
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Grain Processing Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Global Bio-chem Technology Group Company Limited
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Asia Fructose
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Angel Starch and Foods
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
