Modified Starch Market by Raw Material, Function, Application, & by Region – Global Trends & Forecast to 2020
By PRN NewsWire
By PRN NewsWire
NEW YORK, July 8, 2015 /PRNewswire/ — The global modified starch is dominated by North America.. The market in the Asia-Pacific region is projected to grow at a CAGR of 4.6% from 2015 to 2020. The developments in industries such as paper, textiles, and the growing demand for convenience food products in the Asia-Pacific region drive the modified starch market. The industrial applications and technology of starch processing is changing rapidly in the APAC countries, especially the sub-continent. The revenue for starch from the food and non-food sectors is estimated to rise at a rate of 4-5%. Corn and cassava form the major sources of modified starch in APAC, with China being the major player, followed by India. Rising prices of raw materials like corn and easy avaliabity of other substitues like hydrocolloids are major restraints.
Chemical modification has been a major tool for obtaining desirable properties and adding special value to the native starch. In general, native starches produce weak-bodied, cohesive, rubbery pastes when heated and undesirable gels when these pastes are cooled. As a result, food manufacturers generally prefer starches with better behavioral characteristics than those provided by native starches. Such properties of starches can be improved by the process of modification.
The major application sectors of modified starches are paper, oil drilling, textile, food/pharmaceutical, among others. Thus, starch can be used in numerous possible functional application areas, including adhesion, anti-staling, binding, clouding, dusting, emulsion, stabilization, encapsulation, flowing aid, foam strengthening, gelling, glazing, moisture retention, molding, shaping, stabilizing, and thickening. There are many types of important modified starch.To meet the demanding technological needs of today, the properties of starch are modified by a variety of methods. The methods are aimed at correcting some of the shortcomings. This, in turn, enhances the starch’s versatility and satisfies the consumer demand.
The modified starch market was dominated by Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Tate & Lyle Plc. (U.K.), and Roquette Freres (France) with respect to their developments in the past few years. These companies accounted for a cumulative share of about 55% in the market. Other players include companies such as Avebe U. A. (Colorado), Emsland-Starke GmBh (Germany), Grain Processing Corporation (U.S.), Agrana Beteiligungs-AG (Austria), and Global Bio-chem Technology Group Ltd. (Hong Kong).
The segments of the modified starch market considered for this study include raw materials, fuction, application, and region. All growth parameters in individual segments have been considered. North America dominated the global modified starch market in 2014.Read the full report: http://www.reportlinker.com/p03086641-summary/view-report.htmlAbout Reportlinker ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need – instantly, in one place.
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