Modified starch- A Booming Trend in Food Industry
According to a report available on Grand View Research Inc., the worldwide modified starch market stood at a valuation of USD 9.36 billion in 2016 and is projected to exhibit a healthy CAGR of 5.7% during the forecast period (2019–2025). Growing demand for convenience food, rise in demand for functional food and beverage products, and rapidly emerging pharmaceutical companies, mainly in Asia Pacific region, are projected to drive the demand in the years to come.
In addition, increase in the use of modified starch in the food industry, increasing acceptance of maltodextrin, and rising awareness about health benefits of this products are expected to propel the market growth in the forthcoming period.
However, high R&D costs and high raw material prices are likely to hamper the market growth in the forecast period. This shows that there is a huge possibility for the development of market globally.
Archer Daniels Midland Company came up with new tapioca starch ingredients in collaboration with Vedan international. These new components will increase the stability by binding water in food systems.
Ingredion has introduced a newly improved food starch for increasing the yield in cheese products. This new solution, termed as PRECISA 680, is based on waxy maize. It is recorded that this new solution can improve the yield by 8% to 10% in cheese production.
Tate and Lyle have received authentication for 18 starch constituents. These novel ingredients will benefit in attempting formulation tests, which will attain their texture goals.
Access Press Release of Modified Starch Market @ https://www.grandviewresearch.com/press-release/global-modified-starch-market
North America will continue to account for a large share in the global arena throughout the forecast period, due to increased consciousness about the profits of consuming low-fat food products. This is anticipated to drive the product demand in the region, mainly in the U.S., since it is one of the world’s foremost manufacturers of corn starch and corn.
Leading players operating in the modified starch market include Archer Daniels Midland Company; Agrana Beteiligungs-AG; Emsland-Starke GmbH; Avebe U.A.; Cargill, Inc.; and Global Bio-Chem Technology Group Co. Ltd. Key manufacturers are constantly accepting strategic initiatives such as regional expansion, new product development, and mergers and acquisitions to stay ahead of the competition.
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