Europe Modified Starch Market Size, Share & Industry Trends Analysis Report By Raw Material (Corn, Potato, Cassava, Wheat), By Application, By Form (Dry and Liquid), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Modified Starch Market would witness market growth of 3.0% CAGR during the forecast period (2022-2028).
The demand for processed & convenient foods is increasing as the world's population grows. In ready-to-eat food items, modified starch is a significant and functional ingredient. The modified starch industry is expected to rise steadily in the future years, due to the rising demand for processed foods. Modified starch gives processed foods functional features including texture, taste, and thickness, as well as helping to extend their shelf life.
Modified starch is utilized in a range of industries, including food, textiles, papermaking, and cosmetics & personal care, due to its numerous advantages. Modified starch has been under the spotlight as the food industry's demand for thickening agents has increased. In the cosmetics & personal care sector, modified starch is a multipurpose addition. Natural cosmetics have been increasingly popular in recent years, and manufacturers are producing new cosmetics with natural elements like modified starch.
Starch developments are focused on features within baked goods, such as sauces in frozen food meals & fruit filling in desserts, as ingredient suppliers diversify their starch sources. Wheat had been the most common source of starch, followed by corn and potato. Starch developments are focused on features within baked goods, such as sauces in frozen food meals & fruit filling in desserts, as ingredient suppliers diversify their starch sources. The partially digestible nature and gluten-free qualities, modified starches are commonly utilized in the food and beverage industry as thickening agents, stabilizing agents, or emulsifying agents. Because of the region's growing interest in organic and plant-based foods, the European demand for potato starch is quite large.
The Germany market dominated the Europe Modified Starch Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $781.1 million by 2028. The UK market is estimated to grow at CAGR of 2.1% during (2022 - 2028). Additionally, The France market would witness a CAGR of 3.8% during (2022 - 2028).
Based on Raw Material, the market is segmented into Corn, Potato, Cassava, Wheat, and Others. Based on Application, the market is segmented into Food & Beverages (Bakery & Confectionery, Beverages, and Processed Food & Others), Feed, and Industrial (Paper Making, Weaving & Textiles, Medicines & Pharmaceuticals, Cosmetics, and Others). Based on Form, the market is segmented into Dry and Liquid. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Modified Starch Market Size will Hit $15.1 Billion by 2028, at a CAGR of 3.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer-Daniels-Midland Company, Cargill Corporation, Ingredion, Incorporated, Tate & Lyle PLC, Royal Avebe U.A., Roquette Freres SA, Emsland Group, KMC Ingredients Company, Tereos S.A., and Royal Ingredients Group B.V.
Scope of the Study
Market Segments Covered in the Report:
By Raw Material
- Food & Beverages
- Bakery & Confectionery
- Processed Food & Others
- Paper Making
- Weaving & Textiles
- Medicines & Pharmaceuticals
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Archer-Daniels-Midland Company
- Cargill Corporation
- Ingredion, Incorporated
- Tate & Lyle PLC
- Royal Avebe U.A.
- Roquette Freres SA
- Emsland Group
- KMC Ingredients Company
- Tereos S.A.
- Royal Ingredients Group B.V.
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