Bizizz Market Research has recently published a research report, “Modified Starch Market By Raw Material (Corn, Potato, Wheat, Cassava and Others), Products (Pre-gelatinized, Starch, esters & ethers, Cationic, Resistant and Others), Application (Binders, Stabilizers, Emulsifiers, Thickeners and Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Modified Starch Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 12 Bn by 2027, witnessing a CAGR of 12.3 % during the forecast period. Key drivers of the market are steady development of the pharmaceutical industry along with the rising demand by various industries for final product production.
The usage of modified starch is observed to be rising in the food & beverages, pharmaceutical, paper & pulp, animal feed, and oil & drilling that is driving its market demand in the recent years. It is used in the preparation of various food products because of its consistency and other unique features that stimulates the market demand.
The Modified Starch market is anticipated to register a CAGR of over 12.3% during the forecast period.
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By Raw-Material, Corn segment held a key share in Global Modified Starch Market in 2018.
The corn segment is anticipated for a leading market demand for its usage by various end- user customers globally. It could be attributed to its properties including emulsifier, stabilizer, and thickening agent that are vital in the production of various products.
By Application, Thickening Segment of Global Modified Starch Market Is Anticipated To Witness the Fastest CAGR during the Forecast Period
The application of starch is increasing rapidly as a thickening agent by various end-user industries. Starch thickening agent is projected to have a substantial CAGR of 6.2% during the forecast period globally. Its application is found majorly in the food & beverages, thickening gravies and puddings, etc. that is being high in market demand.
North America is Anticipated to Dominate the Global Modified Starch Market during the Forecast Period
The North American region is anticipated as leading in the starch market that could be related to a less intake of fat products. The key companies producing starch products are driving the market growth of starch during the forecast period.
Global Modified Starch market was moderately consolidated with key players accounting for significant share in 2018. The starch production companies are expanding their market foothold by the application of strategic expansion moves and offering advanced starch products to the global market.
Prominent players operating in the Global Modified Starch Market are: Emsland-Starke GmbH, Cargill, Inc, Archer Daniels Midland Company, Agrana Beteiligungs-AG., Global Bio-Chem Technology Group Co. Ltd., and Avebe U.A., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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