The global modified starch market has been experiencing steady growth in recent years and is expected to continue growing in the coming years. Modified starches are used in a wide range of industries, including food and beverage, paper and packaging, textiles, and pharmaceuticals. The market is driven by the increasing demand for convenience foods, the growing trend towards clean label and natural ingredients, and the increasing use of modified starches in non-food applications.
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One of the major drivers of the modified starch market is the increasing demand for convenience foods. Modified starches are used in a variety of processed foods to improve texture, stability, and shelf life. The growing demand for convenience foods, particularly in emerging markets, is driving the demand for modified starches. Additionally, the increasing demand for natural and clean label ingredients is driving the growth of the modified starch market. Modified starches are seen as a natural and safe alternative to traditional food additives, making them popular among health-conscious consumers.
The food and beverage industry is the largest market for modified starches, accounting for more than half of the market share. The paper and packaging industry is another significant market for modified starches. Modified starches are used as binders, coatings, and adhesives in the paper and packaging industry, providing strength and stability to paper products. The textile industry is also a growing market for modified starches, where they are used as sizing agents to improve the quality and texture of fabrics.
Geographically, the Asia Pacific region is the largest market for modified starches, accounting for over 40% of the market share. The region is driven by the increasing demand for convenience foods, particularly in China and India. North America and Europe are also significant markets for modified starches, driven by the growing trend towards clean label and natural ingredients in processed foods.
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In terms of types of modified starches, the most commonly used types are corn, wheat, and potato starches. However, there is increasing demand for other types of modified starches, such as tapioca, rice, and pea starches, which are gaining popularity due to their gluten-free and non-allergenic properties.
Overall, the modified starch market is expected to continue growing in the coming years, driven by the increasing demand for convenience foods and clean label ingredients. The food and beverage industry will continue to be the largest market for modified starches, with significant growth expected in non-food applications such as paper and packaging, textiles, and pharmaceuticals.
