Modified starches are utilized in various food items as their utilitarian properties are substantially more improved and upgraded when contrasted with local starches. Numerous physical alteration procedures, for example, annealing and heat-moisture treatment, cause physical alteration of starches without gelatinizing or harming starch granules. Additionally, these don’t influence shapes, sizes, and birefringence. It is utilized in the food sector as flavor encapsulation, texture improver, and for fat replacer, which will help the worldwide market for modified starch.
The growing populace is fueling the need for convenience and processed food. Adjusted starch is a significant functional ingredient that is utilized in ready-to-eat food items. With the expanding need for processed food, the need for modified starch is additionally expanding, which will lift market development. It gives practical properties, for example, thickness, taste, and texture in processed food. Likewise, it expands the shelf life of food items.
The worldwide market is driven by innovative and new product launches in animal feed, personal care and cosmetics, and food and beverage industries. Expanding use by non-government and government associations on r&d exercises is bringing about the presentation of innovative and new products in the worldwide market. Accordingly, expanding the need for food additives, thus bringing about new prospects for modified starch worldwide.
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It has substitute items, for example, cold water swelling and pre-gelatinized starches, non-GM starches, specialty starches, functional native, and native starches. These items are additionally effectively accessible and have higher wellbeing and costs advantages over modified starch. This expanding usage and popularity in industrial applications of different starch items can stifle the overall market development. Because of the expanding wellbeing awareness in the food sector about non-GMO and natural food products, shoppers are leaning toward elective substitutes for modified starch.
Market Trends
- Fat-free and low-fat dairy products trend is growing globally
It acts as a thickener, emulsifier, fat reducer, and binder. Expanding health awareness worldwide requests more nutrient-rich and healthier food products. The rising trend of low-fat dairy products or fat-free milk products has prompted an expansion sought after for modified starch globally. Because of its fat decreasing useful property, modified starch is utilized as an added substance in dairy items, which will in general boost demand in the worldwide dairy market.
- Items complimentary from animal origin are trending in the worldwide market
Over the most recent couple of years, the expanded utilization of social media and the internet has made huge awareness about animal rights and animal welfare. This has prompted a growing trend in cosmetic and food and beverages industries to select plant-based products that are free from animal-derived ingredients. It is utilized as a fat replacer in cosmetics, food, and different items, supplanting standard fat that is overwhelmingly animal determined.
According to a new study by FMI, sales of modified starch are expected to surpass US$ 10,000 Mn in 2019. The increase in demand for processed food products is fueled by the increasing consumption of bakery, dairy, and meat products, and is propelling the global modified starch market growth.
“The market for modified starch is mainly driven by the increasing consumption of processed food products, cosmetics & personal care products, and other consumer goods. The increasing tendency of consumers to adopt the Western style of food habits in emerging countries is increasing the opportunity for modified starch in the global market.” says FMI report.
Over the last century, global population has shown tremendous increase, nearly quadrupling, increasing the consumption of food and beverage products, and driving the global demand for modified starch. Currently, more than half of the world population is residing in urban areas. The increasing urban population is resulting in an increasing consumption of consumer goods and luxury items, due to the ease of access and tendency of consumers to opt for convenience products. This increase in the consumption of convenience food products is creating promising opportunities in the global modified starch market.
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Modified Starch Manufacturers Remain Focused on R&D
The modified starch market has increased opportunities in developing economies and economies in transition, including nations from Asian and Middle Eastern and African regions. The urban population in these regions is increasing rapidly, projected to add around 2.5 Bn in the urban population by 2050, owing to the increasing growth rate of population with subsequent increase in urbanization and industrialization.
With the availability of potential labour pool and lenient government rules and regulations, many major manufacturers of food and beverages, cosmetics, pharmaceuticals, and textiles are penetrating emerging markets such as India, China, Brazil, etc. Also, research and development activities carried out by manufacturers are increasing the demand for modified starch in industries. This offers new opportunities and new market applications for modified starch in the global market.
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Modified Starch Sales Surge in F&B as Fat Replacer, Emulsifier, and Thickener
Modified starch is used in a variety of food products such as bakery, convenience, confectionery, dairy, and meat & poultry industries. Modified starch is used as a thickener, fat replacer, and emulsifier in these food and beverage products, mainly to increase their mass and viscosity. Bakery is the leading market sub-segment of the food and beverage end-use segment and is expected to remain strong over the forecast period, according to the FMI analysis. The use of modified starch has a promising application as a fat replacer in low-fat food products. Current consumer perception about eating healthy food products has created a trend for low-fat products. Thus, leading to an increasing demand for modified starch used as a fat replacer in low-fat products, creating a positive outlook for the global modified starch market.
Consumption of cosmetics and personal care products in developed nations has seen a tremendous rise in the last decade and a similar trend is being seen in developing nations as well. Moreover, new cosmetics and personal care products are being launched, targeting specific demographic of the population, and driving the sales of these products. Modified starch that is derived from natural sources, is a multifunctional additive used in the cosmetic and personal care industry. The trend for natural ingredients in cosmetic and personal care products is rising in the global market, thus driving the global modified starch market.
This FMI study offers incisive insights into the modified starch market for the forecast period between 2019 and 2027. The modified starch market is anticipated to record a CAGR of over 5.0% through 2027. For more insights, write in to the analyst at press@futuremarketinsights.com