The global modified starch market will grow at a CAGR of 3.8% from 2017 to 2022 to reach USD $14,245 million by 2022, driven by favourable functional properties of modified starch in the food industry, increasing demand for clean label products, growing convenience food sector, and abundant availability of maize.
With their various functional properties, the penetration of modified starch has been increased significantly in the food and beverage, textile, paper, and pharmaceuticals industry. The continuous technological advancement in the modification of starches is further expected to propel the growth of the global market of modified starch in the next few years.
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Geographically, the global modified starch market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. These regions are further analysed at a country level with a detailed qualitative and quantitative analysis. North America is the major market in the global modified starch market and is expected to dominate this market during the forecast period, with the U.S. contributing a major share, followed by Asia-Pacific and Europe. On the other hand, the Asian market, especially India and China, is expected to witness a boost in demand for modified starch products and are poised to register maximum growth over the next five-six years, as a result of their economic development, developing food and beverages and textile industries, abundant availability of raw material, and growing focus of the global modified starch market players in these countries.
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The key players in the global modified starch market are Ingredion Incorporated, Cargill Incorporated, Achier Daniels Midland Company, AGRANA Beteiligungs-AG, Emsland-Stärke GmbH, Grain Processing Corporation, Roquette Frères S.A., Tate & Lyle PLC, AVEBE U.A., and Global Bio-chem Technology Group Company Limited.
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