The global modified waxy starch market is segmented by raw material type into corn starch, potato starch and taro starch; by application in thickeners, emulsifiers, bakery and others; by end-user industries in food, chemical and pharmaceuticals, paper and others and by regions. Food expenditure is increasing globally with leading expense bearing USD 4,422 per person at China, followed by US with USD 2,408 per person and UK with USD 1,991 per person in 2016 which is anticipated to mark a CAGR of around 5% during the forecast period i.e. 2019-2027.
Various chemical and physical modifications are done to form modified waxy starches. Many physical modification processes includes annealing and heat-moisture treatment of starches without damage of the starch granules, without affecting size and shape. The chemical modification of starches are done by crosslinking method. Another chemical modification process is acetylation of starch with acetic anhydride. The purpose of the starch modification is to stabilize waxy starches during modification and make it suitable for many food and industrial application. The modification of native waxy starch granules profoundly alters their gelatinization and pasting behavior. These modifications alter the properties of starch, including solution viscosity, colloidal behavior, and shelf life stability in final products.
Currently the global modified waxy starch market is observing a vibrant growth owing to increasing demand from food, cosmetics and pharmaceutical industries. Advancement in research and development industry in the past few years and growing technological explorations is projected to drive the Modified waxy starch market besides the wide range of functions of Modified waxy starch in an immense range of products such as foods, paint emulsifiers, pills and tablets, cosmetic dusting and binding agent and more during the forecast period.
China and India is expected to lead the demand for modified waxy starch market in the Asia Pacific region due to its increasing demand and economical products in food and pharmaceutical industries. Asia Pacific is attributed to be emerging with the leading growth rate in the forecast period. North America will hold a leading market share owing to rise in pharmaceutical, cosmetic and food applications to meet the demand of growing population. European countries is expected to raise its demands positively and enlarge the Modified waxy starch market over the forecast period owing to its increasing applications in cosmetic industries.
Steady Application in Food Industry
Modified waxy starch are used various food additives in food varieties such as pies, soups, sauces, puddings, and baby foods. It is used as a texture improving agent for many food. The various physical and chemical modifications have demonstrated the stability of food at high temperature and textural appeal. The growth for the expenditure in food consumption has given rise to food additive attributes to the growth in the modified waxy starch market. Moreover growth of global developing economies and the demands of processed and convenient foods of populations with rising disposable income and the income of multiple family members.
However, when it comes to the application of modified waxy starch at regular basis, they are considered to cause gastrointestinal diseases. This restricts the involvement of modified waxy starch at regular diet which is a hindrance to the market growth further over the forecast period.
The report titled “Global Modified waxy starch Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global Modified waxy starch market in terms of market segmentation by raw material type, by application type, by end-user industries and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global Modified waxy starch market which includes company profiling of ADM, Cargill Inc., Ingredion Inc., Tate & Lyle Plc, Partner-M, Shandong Zhengde Food Co. Ltd., Everest Starch Pvt Ltd, AGRANA Stärke GmbH, Shandong Fuyang Biotechnology Co., Ltd., Archer Daniels Midland Company. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Modified waxy starch market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.