Albany, NY -- (SBWIRE) -- 10/01/2012 -- Changing the properties of starch is referred to as modified starch. It is prepared by modifying and adding other natural variants and chemicals to native starch. Modified starch is used in many applications such as in food as a thickening substance, as emulsifier in the pharmaceutical sector and as a binder in coated paper.
The modified starch market could be segmented into three major categories, on the basis of types into: etherified starch, esterified starch, resistant starch and pre-gelatinized starch, on the basis of raw material into: corn, wheat, potato, cassava and others, on the basis of application into: food, non food and feed and on the basis of geography into: Asia Pacific, Europe, North America and rest of the world regions.
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North America is leading the modified starch market consumption with a maximum share in terms of volume followed by Europe and Asia Pacific. North America is expected to continue its dominance in the modified starch consumption market.
The modified starch market is driven by factors such as growing awareness about convenience food, health food and functional food and emerging demand from consumers for natural ingredients in feed and food industry. The increasing requirements of the bio fuel industries and emerging functional properties of modified starch also adds to the demand for modified starch. The potential sources of modified starch and untouched application fields will serve as opportunities, fuelling the future growth of the modified starch market.
Some of the factors inhibiting the growth of the modified starch market are - increasing bio fuel policies resulting in shortage of raw material from the U.S. and Europe, resulting in increasing raw material prices from such prime sources.
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Some of the key players in the modified starch market are: Avebe U.A., Universal Starch Chem Allied, Ulrick and Short LTD., Tate and Lyle Plc. Ingredion Incorporated, Penford Corp., KMC, Global Bio-Chem Technology Group Co. LTD., Cargill Inc., Archer Daniels-Midland Company and China Essence Group LTD.
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