The Europe Modified Starch Market is Expected to Reach $2,834.2 Million in 2018 - A Report by MicroMarket Monitor
(PRWEB) January 02, 2015 -- The Europe Modified Starch Market report defines and segments the concerned market with analysis and forecast of revenue. The modified starch Market in Europe is estimated to grow from $2,378.1 million in 2013 to $2,834.2 million by 2018, at a CAGR of 3.6% from 2013 to 2018.
Browse through the TOC of the Europe Modified Starch Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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The European starch industry offers a range of starch offerings, right from native to modified starch derivatives. With about 600 modified starch products, ranging from regular and native starch to liquid and solid sweeteners, such as high fructose corn syrup, the European starch industry providers are expanding at a rapid pace.
Recently in the European region, there has been a lot of emphasis on reducing the dietary caloric intake in order to avoid complications associated with obesity. Consumption of modified starch products delivers a glossy, fat-like texture in the mouth, which in turn, helps in fewer intakes of fried foods. Some of the starch derivatives are being increasingly used as fat replacers and substitutes. This has become one of the most significant factors driving the growth of modified starch market. The market for modified starches is flourishing in the European region as the EU starch industry has been characterized by the diversity of commodity sources, such as maize, wheat, cassava and potato, thereby becoming a high revenue generation market.
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Europe is considered to be one of the major markets in the modified starch segment, wherein Germany contributed a major share of 24.7%, as of 2013. Leading companies of the European modified starch market, include Ingredion (U.S.), ADM (U.S.), Cargill (U.S.), Penford (U.S.), Tate & Lyle (U.K.) and others. Among them, Ingredion (U.S.) is leading the market with a share of 15.3%, followed by Cargill (U.S.) with a share of 12.8%.
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Wheat modified starch is the most favored sources of modified starch mainly utilized for commercial application registering the highest market share of 44.1%. With respect to end-user applications of modified starch, food is considered as the most preferred application. The report covers competitive landscape of the market, in addition to in-depth insights on the contribution of various market segments. Recent developments undertaken by leading companies, such as mergers & acquisitions, capacity expansions, joint ventures, and other similar strategic initiatives have also been discussed in this report.
Asia-Pacific Food & Beverage Starch & its Derivatives
The market for Asia-Pacific Food & Beverage Starch & its Derivatives has been pegged at $11,821.6m in the year 2013 and is projected to reach $16,081m by 2018. Food & Beverage Starch & its Derivatives in Asia-Pacific constitute 29.1% of Global Food & Beverage Starch & its Derivatives market in 2013.
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