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Alarming Outbreak of COVID-19 Supports the Growth of Global Modified Starch Market

05-05-2020 06:37 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Modified Starch Market

Modified Starch Market

The factors that drive the global modified starch market include growth in consumption in convenience food; facilitated modification of its functional properties; increase in usage in pharmaceutical, cosmetics, and paper industries. However, presence of possible alternatives of modified starch in the market and volatility in raw material prices may hamper the market growth. The new & potential sources of modified starch and its untapped applications present numerous opportunities for market demand.

Get detailed COVID-19 impact analysis on the Modified Starch Market @ https://www.alliedmarketresearch.com/request-for-customization/3936?reqfor=covid

Modified starches are treated materials or additives obtained from different botanical sources such as maize, wheat, cassava, potato, and others. These can be transformed into various functional forms based on the required application; thus, they are preferred over native starch as the latter has limited functionalities. The most common chemical technique employed in the manufacturing of modified starch includes treating the crude starch with acids, sodium hydroxide, or potassium hydroxide. The physical treatment of starch to make it modified usually involves heat-moisture treatment, annealing, and pre-gelatinization. Modified starch is mainly applicable in the food & beverage and paper-making industries.

According to a new report published by Allied Market Research, titled, "Modified Starch Market by Raw Material, Type, Application, and Function: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global modified starch market was valued at $7,995 million in 2016, and is projected to reach $10,700 million by 2023, growing at a CAGR of 4.2% from 2017 to 2023. The food & beverage application segment accounted for more than half of the global market in 2016.

Click Here To Access The Sample Report @ https://www.alliedmarketresearch.com/request-sample/3936

Based on raw material, the market is divided into maize, cassava, potato, wheat, and others. Maize is considered as the main raw material for manufacturing modified starch, occupying nearly half of the market share in terms of volume. Wheat, cassava, and potato are some other widely used raw materials for modified starch.

Based on application, the market is classified into food & beverages, animal feed, paper-making, weaving & textiles, pharmaceuticals, and others. The food & beverages application is the largest application segment, covering more than half of the market share. Moreover, paper-making and pharmaceuticals are the other main applications of the market, growing at significant growth rates.

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In 2016, North America and Asia-Pacific collectively accounted for more than half of the global modified starch market, and are expected to grow at the significant CAGRs during the forecast period. Asia-Pacific is expected to possess the highest CAGR, owing to the ongoing developments and high growth rate of food & beverage, pharmaceuticals, textile, and paper-making industries in this region.

The major companies profiled in the report include:
o Archer Daniels Midland Company
o Avebe U.A.
o Cargill Incorporated
o Emsland-St?rke GmbH
o Global Bio-Chem Technology Group Company Limited
o Grain Processing Corporation
o Ingredion Incorporated
o Roquette Fr?res
o Tate & Lyle PLC
o Universal Starch Chem Allied.

Obtain Report Details: https://www.alliedmarketresearch.com/modified-starch-market

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Web: https://www.alliedmarketresearch.com

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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