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Modified Waxy Starch Market Segmentation by Raw Material Type (Corn Starch, Potato Starch and Taro Starch); By Application (Thickeners, Emulsifiers, Bakery and Others); By End-User Industries (Food, Chemical and Pharmaceuticals, Paper and Others)- Global Demand Analysis & Opportunity Outlook 2027

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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Global Modified Waxy Starch Market Overview

Modified Waxy Starch is the physical and chemical modification of native starches. The functional properties are improved to get advantageous properties over those of the native 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 modification changes the functional behavior of waxy starch and thus influence the application range over waxy starch products.

Chemically modified acetylated starch and cross-linked starch improves the cooking properties and food quality such as softness, stretch ability, coating and slipperiness increase. Chemical modification changes some functional properties of waxy starches which offers a wide range of applications. Acetylated starches are majorly used in food industries for several years because of important factors such as high solubility, low temperature of gelatinization and good cooking and storage ability. Among the carbohydrate group, starch is presently observing increased attention owing to its usefulness in different food products. Starch contributes mainly to the visual and textural properties of many food items. The major application of starch holds share in food and industrial applications as a thickener, colloidal stabilizer, gelling agent, bulking agent and water retention agent.

Taro is a very cheap source for starch extraction other than corn and potato. Though the physical and chemical properties are similar to native potato and corn starches. By modification of the physical and chemical properties, it will be helpful for industrial application.

Market Size & Forecast

As per U.S. Department of Agriculture, food expenditure has increased globally which marks China, the foremost to spend USD 4,422 per person, followed by U.S. with USD 2,408 per person and U.K. with USD 1,991 per person in 2016 which will anticipate the growth rate at a CAGR of 5.1% over the forecast period. The modified waxy starch market is expected to reach a value of USD 13.1billion at the end of the forecast period.

The modified waxy starch has recently become active with marginal improvement enhancing the profitability on the count of multiple applications and functions in many food and non-food segments.

Uses for modified waxy starch derivatives have been discovered by changing chemical and physical properties which is expected to drive the modified waxy starch market rapidly in the future owing to increasing demand in food sectors as thickeners, stabilizer, emulsifier, coating and texture changing purposes. The wide range of functions of modified waxy starch has an immense range of applications in food, paper, chemicals and pharmaceuticals and other sectors.

On the basis of regional platform, global Modified Waxy Starch market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Rising food habits are majorly driving the expenditure on food consumption which in turn accelerating the starch aided food products demand. The growing population and urbanization is significantly growing owing to industrialization where starch holds an inhabitable quantity and share in application. North America is expected to lead the modified waxy starch market during the forecast period. Asia Pacific will never the less expect a leading growth rate which will increase the market share of modified waxy starch on the back of rising population and innovations in research and development in India and China. Cosmetics industries established in the European countries is owing t0 impart share to contribute in the global modified waxy starch market. CLICK TO DOWNLOAD SAMPLE REPORT

Modified Waxy Starch Market

Market Segmentation

Our-in depth analysis of the global Modified Waxy Starch market includes the following segments:

By Raw Material Type:

  • Corn Starch
  • Potato Starch
  • Taro Starch

By Application Type:

  • Thickener in Foods
  • Emulsifier
  • Bakery Items
  • Others

By End User Industries:

  • Food
  • Paper
  • Chemicals and Pharmaceuticals
  • Others

By Region

Global Modified Waxy Starch Market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers

Widespread Application

The rising demand for modified waxy starch and derivatives for various processes in pharmaceutical, food and paper industries are expected to drive the market rapidly over the forecast period. The numerous uses of modified waxy starch in food industry has numerous applications including fat replacement, texture improving, enriching nutritional value by maintaining stability at high temperature. Additionally, modified waxy starch have their uses in paper industries for filter retention and paper coating; in industrial application as paint ingredient and as an adhesive. In cosmetics, chemicals and pharmaceutical industries, modified waxy starch is used as a binding agent in make-up, emulsifier for many cosmetic products, face creams, in pills and tablets.


Health Issues

However, development of contact dermatitis among people regarding intake of modified waxy starch is estimated to serve as the key restraints in the growth of the modified waxy starch market. The modified waxy starch when consumed regularly causes gastrointestinal diseases which is anticipated to hinder the market growth further over the forecast period.

Top Featured Companies Dominating the Market:

•    Archer Daniels Midland Company

o    Company Overview
o    Business Strategy
o    Key Product Offerings
o    Financial Performance
o    Key Performance Indicators
o    Risk Analysis
o    Recent Development
o    Regional Presence
o    SWOT Analysis 

•    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.

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