Modified Starch Market: By Source (Maize/Corn, Wheat, Potatoes, Tapioca, and Rice), By Product (Acetylated Starch, Physically Modified Starch, Enzyme Modified Starch, Anionic Starch, Cationic Starch, Dextrin, Oxidized Starch, Thinned Starch, Pre-gelatinized Starch, and Others), By Application (Food & Beverages, Industrial, Animal Feed, Cosmetics & Personal Care, Papermaking, Textiles, Pharmaceuticals, and Others) and Geography  

Modified Starch Market size was valued at USD 12,945.3 million in 2022 and is poised to grow at a significant CAGR of 5.9% from 2023–2029. Modified starch, also called starch derivatives, is made by physically, enzymatically, or chemically treating native starch to change its properties. Modified starches are used in almost all starch applications, such as in food products as a thickening agent, stabilizer, or emulsifier, in pharmaceuticals as a disintegrant, or as a binder in coated paper.  Apart from this, modified starch offers functional properties such as texture, taste, and thickness in processed food, and also supports increasing the shelf life of food products These wide ranges of applications of modified starch drive the global market growth. Additionally, the increasing worldwide population is rising the demand for processed and convenience food. As modified starch is a significant and functional ingredient for ready-to-eat food products. With the increasing demand for processed food worldwide, the modified starch market is anticipated to have a significant growth rate over the forecasted periods.  Furthermore, increasing demand from various industries, such as food, textile, paper making, and cosmetic industries, due to having numerous benefits such as modified starch being a multifunctional additive used in the cosmetics and personal care industry. The trend for natural cosmetic products is increasing, and producers are developing new cosmetic products with the help of natural ingredients such as modified starch. The cosmetics and Personal Care Industry opens globally creating attractive opportunities, by increasing the demand for modified starch over the forecasted period. Modified starch manufactured for cosmetics and personal care products specifically target the customized demands of consumers. As such, its growing usage in the cosmetics and personal care industry is projected to boost the global modified starch market size in the coming next few years. Asia Pacific region is anticipated to register for the largest share in the global modified starch market.

Modified Starch Market key Developments:

• In February 2021, Tate & Lyle PLC accomplished the acquisition of an 85% shareholding in Chaodee Modified Starch Co. Ltd (“CMS”), a well-established tapioca-modified food starch manufacturer based in Thailand.