Modified Starch Market with Current Trends Analysis By 2025
The global modified starch market size was valued at USD 9.36 billion in 2016 and is projected to witness a CAGR of 5.7% from 2017 to 2025. Rising demand for convenience food and rapidly developing pharmaceutical industry, particularly in Asia Pacific region, are anticipated to drive the growth of the global market.The market is highly competitive and fragmented in nature with a large number of companies concentrated in North America, Europe, and Asia Pacific. U.S. has been one of the leading countries in the global market, in terms of starch production, as well as consumption, on account of high demand from various end-use industries. The major end-use sectors are food & beverage, pharmaceuticals, oil and drilling, animal feed, textiles , and paper. Modified starches are generally made from maize and wheat owing to their low cost and ease of availability and processing. Small-scale mill owners play an important role, in terms of working in collaboration with large-sc...