Global Modified Starch Market Size, Share & Forecast 2024
Global Modified Starch Market is expected to reach USD 12.16 Billion by 2024, in value terms, growing at a CAGR of over 4% owing to rising use of modified starch in cosmetics, pharmaceutical and paper industries. Based on raw material, the market has been segmented into Cassava, Corn, Wheat, Potato and Others. The corn segment is estimated to dominate the market over next five years as it as common raw material used for a wide range of industrial applications. In 2018, North America dominated the global modified starch market. The U.S. market is the largest market coupled with the advancement in technologies for modification of starches. The key players of the modified starch market are Cargill, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle, Roquette Freres and many others. https://bit.ly/35QueOz
Years considered for this report:
Historical Year : 2014-2017
Base Year : 2018
Estimated : 2019
Forecast : 2020-2024
Objective of the Study:
- To analyse and forecast the market size of Modified Starch, in terms of value and volume.
- To classify and forecast Global Modified Starch based on type, raw material, application, function and regional distribution.
- To identify drivers and challenges for Global Modified Starch.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Modified Starch.
- To conduct the pricing analysis for Modified Starch.
- To identify and analyse the profile of leading players involved in the manufacturing of Global Modified Starch.
Some of the leading players in the Global Modified Starch market are Archer Daniels Midland Company, Cargill, Emsland- Stärke GmbH, Grain Processing Corporation, Global Bio-Chem Technology Group Company Limited Ingredion Incorporated, Tate & Lyle PLC, Roquette Frères, Avebe U.A., etc.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.
TechSci Research calculated the market size of Global Modified Starch using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Source : TechSci Research