The Latin America, Middle East and Africa Modified Starch Market would witness market growth of 6.1% CAGR during the forecast period (2022-2028).
In the recent past, research and examination into the applications and advantages of modified starch have been consistent. The usage of modified starch in a variety of industries has accelerated in recent decades as a result of the findings of various studies and increased attempts to enhance modified starch's overall functionality. Perhaps the most important polysaccharide in the human diet is starch. Although, in its unprocessed or natural state, it lacks the desired functional qualities for use in a variety of industries, including pharmaceuticals, paper, and food, to name a few.
The requirement for environmental sustainability in numerous industrial areas is reaching new heights in the current climate. Moreover, attempts to combat environmental degradation, combined with an increased focus on food security, have prompted researchers working in the modified starch field to lean toward the adoption of novel methods of modification to make sure the food sector's long-term vitality. Although newer technologies, such as non-thermal physical modification of starches, are gaining traction, the advantages of modern techniques cannot be overstated.
The Brazil market dominated the LAMEA Modified Starch Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $333.4 million by 2028. The Argentina market is poised to grow at a CAGR of 6.7% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 5.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Modified Starch Market is Predict to reach $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.
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