Market Forecast by Countries (United States, Canada), By Source (Corn, Wheat, Cassava, Potato), By Application (Food & Beverages, Animal Feed, Others) And Competitive Landscape
Product Code: ETC182278 | Publication Date: May 2021 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Modified Starch Market |
Forecast period | 2025-2031 |
CAGR | 5.4% |
Growing Sector | Food & Beverages |
North America Modified Starch Market report thoroughly covers the market by Countries, Source, and Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Modified Starch Market is witnessing robust growth and is expected to sustain this upward trend over the forecast period. This growth is largely driven by the increasing demand from the food and beverages sector, where modified starch is extensively used as a thickening, gelling, and stabilizing agent.
According to 6Wresearch, North America Modified Starch Market is projected to grow at a CAGR of 5.4% during 2025-2031. The rising consumer preference for convenience foods and the growing trend of healthy eating are significant factors driving this demand. The versatility of modified starch in improving the texture, shelf life, and nutritional profile of food products makes it a valuable ingredient for manufacturers. Additionally, the expanding animal feed industry is contributing to market growth, as modified starch is used to enhance the nutritional content of feed.
However, the market faces challenges such as fluctuating raw material prices and the availability of substitutes. The dependence on agricultural commodities like corn, wheat, cassava, and potato makes the market susceptible to price volatility and supply chain disruptions. Moreover, the presence of alternative ingredients that can perform similar functions poses a threat to market growth.
Key players in the North America Modified Starch Market include Cargill, Incorporated, Archer Daniels Midland Company, and Ingredion Incorporated. These companies hold substantial market shares due to their extensive product portfolios and strong distribution networks. Cargill, Incorporated is renowned for its innovative starch solutions that cater to various applications in food, feed, and industrial sectors. Archer Daniels Midland Company leverages its vast resources and expertise to offer high-quality modified starches for diverse uses. Ingredion Incorporated, known for its customer-centric approach, provides a wide range of modified starch products tailored to meet specific industry needs.
The governments in North America are actively supporting the agricultural sector to ensure a steady supply of raw materials for the modified starch industry. Policies aimed at enhancing crop yields, providing subsidies for sustainable farming practices, and promoting research and development in agricultural biotechnology are pivotal. Additionally, regulatory frameworks that encourage the use of safe and high-quality food additives are facilitating market growth. Government initiatives to boost domestic production of corn, wheat, cassava, and potatoes are also helping stabilize the supply chain and mitigate the risks associated with import dependencies.
The North America Modified Starch Market is poised for significant growth in the coming years, driven by factors such as increasing demand for convenience foods, advancements in food processing technologies, and a focus on sustainable agricultural practices. The trend towards clean label products is expected to influence the market positively, as manufacturers seek to offer modified starches that meet consumer demands for natural and minimally processed ingredients. Moreover, innovations in starch modification techniques and the development of novel applications in the pharmaceutical and bioplastics industries will open new avenues for market expansion.
According to Ravi Bhandari, Research Head, 6Wresearch, the corn segment is currently leading and dominating the market. This dominance is attributed to the widespread availability and versatility of corn starch, which is used extensively across various applications.
In terms of applications, the food and beverages sector is the most significant consumer of modified starch in North America. The use of modified starch in enhancing the texture, stability, and shelf life of food products is driving its demand. With the increasing trend of convenience and processed foods, this application segment is expected to continue growing.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Modified Starch Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Modified Starch Market Revenues & Volume, 2021 & 2031F |
3.3 North America Modified Starch Market - Industry Life Cycle |
3.4 North America Modified Starch Market - Porter's Five Forces |
3.5 North America Modified Starch Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Modified Starch Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 North America Modified Starch Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 North America Modified Starch Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Modified Starch Market Trends |
6 North America Modified Starch Market, 2021-2031 |
6.1 North America Modified Starch Market, Revenues & Volume, By Source, 2021-2031 |
6.2 North America Modified Starch Market, Revenues & Volume, By Application, 2021-2031 |
7 United States Modified Starch Market, 2021-2031 |
7.1 United States Modified Starch Market, Revenues & Volume, By Source, 2021-2031 |
7.2 United States Modified Starch Market, Revenues & Volume, By Application, 2021-2031 |
8 Canada Modified Starch Market, 2021-2031 |
8.1 Canada Modified Starch Market, Revenues & Volume, By Source, 2021-2031 |
8.2 Canada Modified Starch Market, Revenues & Volume, By Application, 2021-2031 |
9 North America Modified Starch Market Key Performance Indicators |
10 North America Modified Starch Market - Opportunity Assessment |
10.1 North America Modified Starch Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Modified Starch Market Opportunity Assessment, By Source, 2021 & 2031F |
10.3 North America Modified Starch Market Opportunity Assessment, By Application, 2021 & 2031F |
11 North America Modified Starch Market - Competitive Landscape |
11.1 North America Modified Starch Market Revenue Share, By Companies, 2024 |
11.2 North America Modified Starch Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |