The Food Starch Market is estimated to reach $32.4 billion by 2028, growing at a CAGR of 5.9% over the forecast period 2023-2028. Modified starch is created chemically or enzymatically by modifying native starch to change its properties. As a result of its applicability in numerous industries, it is gaining significant demand. According to Food and Agriculture Organization (FAO), a total of 2 million tonnes of starch are now extracted from Thailand's annual production of roughly 18 million tonnes of cassava roots or nearly 50% of the total. The other half is exported, mostly to Japan and Taiwan. This increasingly takes the form of higher-value modified starch for specific usage. When exposed to extreme heat or cold, it offers stability. The viscosity of the liquid can also be controlled. As consumers' preference for natural food ingredients grows, the demand for modified starch grows because of its functional advantages. In a variety of carbonated and non-carbonated energy drinks, this kind of dietary starch is widely utilized as a natural sweetener in Europe. Modified starch would likely become more necessary in the forecast period 2023-2028, as customer demand for low-fat and low-calorie goods soars.

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Food Starch Market Drivers:

  • High Demand for Naturally Produced Starch Brought on by Consumers' Growing Preference for Clean Labelling:

The market would be boosted globally by the high demand for clean-label products. Customers are becoming increasingly aware of where the raw materials used to make the finished product are from. This is because of easy access to information through social media. According to the International Food Information Council (IFIC), 64% of Americans say they attempt to choose food items made with clean ingredients and 63% of adults in the country believe that ingredients in food or beverages have at least a minor impact on what they consume, in 2021. For the development of cleaner starch food products, major players in the market are working with foreign businesses. No preservatives and maximum transparency are priorities for consumers when choosing products for consumption. Manufacturers are creating innovative technologies to improve the functional qualities of staple cereals to meet the growing demand for clean-label products. The major reasons why consumers favor these variations are their distinctive texture and the fact that they don't include any artificial additives.

  • Growing Consumer Demand for Processed Food:

In most developed countries, consumers eat processed food every day. Processed food items need to be carefully processed and prepared, which is facilitated by technological advancements in artificial flavorings & ingredients, preservation packaging freezing and other areas. Processed foods are widely consumed in North America and Europe. Globalization and the ensuing shift in lifestyles have also led to a surge in the consumption of processed food items in other nations, particularly in the expanding Asian markets. This has, in turn, raised the demand for modified starch. The Asia-Pacific region is seeing a rapid increase in processed food consumption, led by China and India. According to the Indian Brand Equity Foundation (BEF), the value of the processed food business in India is expected to reach $470 billion by 2025. Thus, the rising demand for processed food is anticipated to boost the Food Starch market.

R&D Investment:

In April 2020, KaTech was acquired by Ingredion Inc. (Germany). With a broad range of cutting-edge technologies that aid food and beverage makers with product formulation, ingredient functionality and technical support, the acquisition allowed the company to develop its Food Systems platform.

Major Players in the Market:

The major companies in the Food Starch Market include PlantPlus, ADM - Archer Daniels Midland, Agrana Group, BENEO, KaTech, Royal Avebe U.A., National Starch Food Innovation, Cargill Incorporated, Tate & Lyle, Ingredion Inc. and Others.514098

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