Modified Starch Market to Grow at 3.5% Annually by 2030

The global market for modified starch is forecast to expand at a compound annual growth rate of 3.5%, reaching an estimated value of $16.6 billion by 2030. The market was valued at $12.6 billion in 2022, with the increasing demand for functional foods identified as a key driver for growth.

Modified starch serves diverse industrial applications, including in food and beverages, paper manufacturing, cosmetics, and textiles, due to its beneficial properties. The rising consumer preference for natural cosmetic products is also expected to contribute to market expansion.

Global expansion of fast-food chains, which utilize modified starch to enhance product flavor and texture, is a significant trend. Additionally, the increasing consumption of convenience foods, driven by busy lifestyles in regions like North America and Europe, is boosting demand.

However, the market faces limitations due to growing consumer demand for clean-label products, with a significant portion of consumers preferring natural over chemically altered ingredients. Major industry players, including Ingredion Inc., Cargill, Inc., and Tate & Lyle PLC, are employing strategies such as acquisitions and new product launches to capitalize on market opportunities.