Published Date: 31-May-2022
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Modified Starch Market size is expected to reach $15.1 billion by 2028, rising at a market growth of 3.8% CAGR during the forecast period.
The Potato segment is showcasing a CAGR of 4.1% during (2022 - 2028). Evolving customer demands for natural food ingredients are driving this industry. The use of potato derivatives in the food sector has expanded dramatically as a result of the clean-label & plant-based product trend. By using starch as a significant ingredient, the growing pattern of organic processed foods has led to new product developments in the food and beverage industry.
The Food & Beverages segment acquired maximum revenue share in the Global Modified Starch Market by Application in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7.3 billion by 2028. This is owing to the great investment potential due to the gluten-free nature of modified starch-based food products and decreased calorie content. The product thickens with the inclusion of milk or cold water and is used in desserts. Cheese sauce or gravy granules can also be thickened with boiling water even without the product becoming lumpy.
The Liquid segment has shown growth rate of 4.5% during (2022 - 2028). Liquid starch products are starch derivatives in the form of syrups that are commonly used as sugar alternatives. Isoglucose, ethanol, and other syrup-based compounds are examples of these starch products. As the need for sweeteners rises, the market for liquid form is expected to develop at the quickest rate.
Asia Pacific is the fastest growing region in the Global Modified Starch Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7.5 billion by 2028. The Europe market is estimated to witness a CAGR of 3% during (2022 - 2028). Additionally, The North America market would experience a CAGR of 3.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/modified-starch-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Raw Material
Unique Offerings from KBV Research