Modified Starch Market Size Worth $15.36 Billion By 2025 | CAGR 5.7%

Grand View Research, Inc.

SAN FRANCISCO, January 14, 2019 /PRNewswire/ --

The global modified starch market size is expected to reach USD 15.36 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.7% over the forecast period. Higher adoption of convenience food coupled with huge demand from Asia Pacific is likely to augment the market. Growing consumer concern regarding health and nutrition along with preference for healthy diet is projected to be a major market driver. Surging demand for natural sweeteners in energy drinks and non-carbonated soft drinks will further fuel the growth over the forecast period.

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Companies are spending heavily on R&D for manufacturing effective water soluble modified starches, resulting in dynamic market conditions. Significant rise in product innovation to enhance product portfolio, gain access to untapped markets, and to avail synergetic benefits has created growth avenues for the market players. Companies have increased their presence across the value chain by integrating and diversifying their product portfolio. Companies such as Cargill, Inc., Ingredion Incorporated, and Roquette Frères are integrated at different stages of the value chain.

Technological advancements in India, China, and Brazil to develop innovative products are expected to create new opportunities for the growth of the modified starch market. Increasing government support to promote natural ingredients will open new avenues over the next seven years. The global market is expected to grow significantly during the forecast period on account of consumption of the product in numerous applications including food and beverage, paper, pharmaceuticals, textile, and coatings, adhesives, and biodegradable polymers among others.

Rising application of modified starch in textile industry is expected to drive the global market in near future. It is also use as a thickening agent in the paper industry. Increasing use of modified starches, such as starch graft copolymers, starch esters, starch ethers, and cationic starches, in textile industry will result in improving the penetration of the textile industry. These starches are used in printing and finishing applications in textiles and as substitute to polyvinyl alcohol.