Increasing Demand for Food to Augment Growth of Modified Starch Market

Modified starch is a dietary supplement that has been used for years. This type of starch can be made from a variety of materials including cornstarch, rice starch, and potato starch. Modified starch is generally prepared by chemically, enzymatically, or mechanically modifying natural starch into a new form. The term "modified" refers to the altered characteristics of the original starch. Most often, the goal of modified starch is to create an ingredient that has a healthier taste and texture, is more soluble in fat, absorbs faster, and provides better health benefits than the natural foodstuffs we already have.
In Chinese cooking, starch is a very important ingredient and is used in a variety of ways. It is used as a sweetener and thickener in soups, sauces, and stews. It is also used to help bind things together and as a meat tenderizer. Chinese-inspired dishes such as stir-fries are often made with rice flour, which is one of the most common sources of the modified starch that is used in Asian cuisine.

Market Dynamics 
Increasing demand for food is expected to propel growth of the modified starch market. For instance, according to Food and Agriculture Organization, worldwide food demand is expected to increase by 70% by 2050.
However, increasing labor cost is expected to hinder growth of the modified starch market. For instance, according to Eurostat press release in April 2019, in 2018, hourly labor costs in the whole economy expressed in € rose by 2.7% in the EU and by 2.2% in the euro area compared to 2017, with Latvia (+12.9%), Lithuania (+10.4%), Estonia, and Slovakia (both +6.8%) witnessing the highest increase.

Among regions, Asia Pacific is expected to witness significant growth in the modified starch market, owing to increasing population. For instance, as of November 2019, China's population stood at 1.394 billion, the largest of any country in the world.

The modified starch market is witnessing several M&A activities. For instance, in October 2020, Tate & Lyle agreed to acquire a 85% stake in Thailand-based tapioca ingredient manufacturer Chaodee Modified Starch for an undisclosed sum.

Competitive Analysis 
Major players operating in the modified starch market include, Archer Daniels Midland Company, Cargill, Ingredion Incorporated, Tate & Lyle, Emsland-Starke GmbH, Agrana Beteiligungs-AG, Grain Processing Corporation, Roquette Frère, and others.
July 2020: ADM acquired Yerbalatina Phytoactives, a pioneering natural plant-based extracts and ingredients manufacturer.


 

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