Modified Starch Market (Etherified Starch, Esterified Starch, Resistant Starch, Pre-Gelatinized Starch) Worth $15.23 Billion by 2017 - New Report by MarketsandMarkets
(PRWEB) October 11, 2013 -- According to a new market research report, “Modified Starch Market by Raw Materials, Applications & Geography - Global Market Estimates up to 2017,” published by MarketsandMarkets, modified starch market will grow from estimated $12.76 billion in 2012. This value is expected to increase from $12.99 billion in 2012 to $15.23 billion by 2017 with 3.2 percent CAGR during the same period. North America is expected to lead the global modified starch market with share of 39 percent followed by Asia-Pacific (29 percent) and Europe (27 percent) in terms of consumption by the year 2011.
Browse more than 120 market data tables spread through 280 and in-depth TOC on “Modified Starch Market - Global Market Estimates up to 2017.”
http://www.marketsandmarkets.com/Market-Reports/modified-starch-market-511.html
Early buyers will receive 10 percent customization on this report.
The major drivers for modified starch global market growth are the convenience health food sector, functional foods and the wide array of functionalities on offer brought about by the chemical modification of starch. The increasing requirements of the bio-fuel industry, results in siphoning of the raw material away from the starch industry. The resultant price hikes and supply shortage can be seen as a restraint for modified starch market.
North America holds major market share in modified starch market. Asia-Pacific is the second largest consumer. R&D initiatives by American companies and government have helped its manufacturer to get the first mover advantage.
North America market share is 39 percent in the global modified starch consumption, Europe has 27 percent of share, and APAC companies are on the rise with market share of 29 percent of the total consumption. The modified starch market by application is segmented in major three segments as Food, Non-food (industrial), and Feed. Although, the industrial applications occupy a major share in the consumption market, the food segment, boosted by the convenience and functional foods, is expected to be the fastest growing segment, going ahead.
Among the various commodities sourced for starch extraction, corn (maize), wheat, potato, and cassava occupy excess of 95 percent of the market share. With growing concerns over the availability of corn (maize) and wheat due to the bioethanol policies in the U.S. and Europe respectively, focus is gradually expected to shift towards cassava and other sources of starch.
The report also touches on various other important aspects of the market. It includes an analysis of the value chain, the competitive landscape, a raw material analysis, and the patent analysis. In addition, key players of this market have also been profiled.
Browse related reports
Soy Protein Ingredients Market by Types (Isolates, Concentrates, and Others), Applications, and Geography - Global Trends and Forecasts to 2018
http://www.marketsandmarkets.com/Market-Reports/soy-protein-ingredients-market-857.html
Food Enzymes Market by Types (Carbohydrase, Protease, Lipase), Applications (Beverages, Dairy, Bakery), Sources (Microorganisms, Plants, Animals) & Geography - Global Trends & Forecasts to 2018
http://www.marketsandmarkets.com/Market-Reports/food-enzymes-market-800.html
About MarketsandMarkets
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including agriculture, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales(at)marketsandmarkets(dot)com
Visit MarketsandMarkets Blog at http://www.marketsandmarketsblog.com/market-reports/food-and-beverage.
Connect with us on LinkedIn at http://www.linkedin.com/company/marketsandmarkets.
Rohan, MarketsandMarkets, http://www.marketsandmarkets.com/, 1-888-6006-441, [email protected]
Share this article