Global Modified Starch Market as discussed by Market Research Future (MRFR) experts, is all set to score high valuation during the forecast period of 2018 to 2022 with a 4.6% CAGR. The report covers several factors like the growing usage of the product in the food & beverage industry, increasing use of the product in diverse industries like construction and building, papermaking, mining & drilling, chemicals and animal feed are also expected to boost the intake. Its ability to improve paper strength and surface appearance is improving its expansion chances in the papermaking industry.
Global Modified Starch Market for is predicted to benefit from the strategic moves incorporated by companies like Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Tate & Lyle PLC (U.K.), Agrana Beteiligungs-AG (Austria), Grain Processing Corporation (U.S.), Ingredion Incorporated (U.S.), and Roquette Frères (France).
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These companies include traditional methods like mergers, acquisitions, collaborations, and other traditional methods as major supporting factors for expansion. Branding, product launching, and innovation are also receiving boost as companies are pumping in investments to improve the research and development sector and marketing strategies. MRFR recorded these latest moves to ensure that the market receives a scope to get close to the industry and facilitate tactical moves in the coming years.
In April 2020, Ingredion announced that they are planning to build a new integrated modified starch facility in Shandong, China. The endeavor is to improve their market position in the Asia Pacific region and increase the production capacity. This new plant will be in the adjacent plot to their already existing plant in the region and is expected to assist the local and regional customers in maintaining a proper service and supply chain. The process, as claimed by Ingredion, will also boost their global supply chain network including the positioning of the local farmers who provide raw materials. They are about to benefit from a strategic point of view.
Global Modified Starches Market as discussed in the MRFR report, has been segmented by source of modified starches, form, and application. This segmental analysis creates scope for a closer reading of the market with factors and figures to boost the credibility of the report and facilitate strategy-making moves.
By source of modified starch, the global study of the modified starch market has been segmented into wheat, potato, cassava, corn, and other sources.
By form, the global market study of the modified starch market has been segmented into liquid, powder, and gel. The powder form is getting good traction across several industries.
By application, the global study of the modified starch market has been segmented into food application includes confectionery, food & beverages and non-food application, beverages, processed food, and others. The non-food applications cover a study of personal care, pharmaceuticals, textiles, corrugation and papermaking, and others. The ‘others’ segment includes construction & building, adhesives, mining & drilling, chemicals and animal feed. The food & beverage segment is expected to create huge scope for the market to register a substantial impact.
Both North America and Asia Pacific are showing substantial scope for the market to register high-level of expansion. In North America, the production rate is high and it is getting supported by end users. In Asia Pacific, booming end user industries are creating a huge traction for the market. Availability of raw materials, favorable regulations, and affordable labors would trigger high growth for the market.
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