Modified Starch Market by Raw Material (Corn, Tapioca, Potato) Worth $10,337.8 Million by 2018 - New Report by MarketsandMarkets
(PRWEB) March 17, 2014 -- The report "Modified Starch Market by Raw Material (Corn, Tapioca, Potato, Wheat, and Others), By Application (Food, Feed, and Non-Food) - Global Trends & Forecasts To 2018" is published by MarketsandMarkets. According to the report, the modified starch market is expected to grow at a rate of 4.1% from 2013 to 2018.
Browse more than 161 market data tables with 23 figures spread through 302 pages and in-depth TOC on "Modified Starch Market - Global Trends & Forecasts to 2018."
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Modified starch market is an emerging sector with various stakeholders such as raw material suppliers, processors, and product manufacturers. The application product includes various sub-segments of food, feed, and non-food such as paper, cosmetics, medicines, etc. Food in itself is the driving sector for modified starch as increasing demand for convenience food forms a major driver for the market.
Corn is the most preferred source for modified starch; tapioca is expected to rise as a major competitor for corn.
The major raw materials for modified starch include corn, tapioca, potato, and wheat. These are naturally-occurring raw materials, however the modified starch manufacturers buy it from various raw material providers, farmers, etc., who cultivate these products. The usage of these sources in obtaining starch depends on the prices at which they are available to the modified starch manufacturers, and the efficient characteristic that they hold for the usage in that particular industry. For instance, a gluten-free product manufacturer will opt for tapioca or corn for obtaining starch, and not for wheat because if the starch is obtained by wheat it will definitely contain gluten.
North America acquires the largest market share while Asia-pacific is estimated to achieve the highest growth rate
On the whole, the North American market acquires the largest share of around 38% in the global modified starch market, whereas Asia-Pacific is expected to have the highest growth rate.
Food is a major driver and application to modified starch
Food, as an application, acquires the largest share in the global modified starch market. The growth of processed food in the food industry is enhancing the overall food application market for modified starch.
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