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Modified Starch Market by (Raw Materials, Applications & Geography) - Worth $15.23 Billion by 2017 - New Report by MarketsandMarkets

(PRWEB) August 29, 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% CAGR during the same period. North America is expected to lead the global modified starch market with share of 39% followed by Asia-Pacific (29%) and Europe (27%) in terms of consumption by the year 2011.

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Modified starches have been developed for a very long time and its applications in the food industry are significant now days. As a major part of various foods, starch undergoes molecular, structural and nutritional changes during the processing stages. At times the changes may be of technical utility, but on most occasions these are detrimental to the quality of food. Such diversification or enhancement of its functionality as specialty applications often requires chemical modification after extraction to achieve optimum functionality.

The modified starch market is growing market, albeit with a few challenges posed along the way. The advent of modern technologies and various chemical, physical and genetic processes have meant that industries have been able to access the most desirable properties of starch in the most profitable manner. Modifications have made the ingredient more stable, process-easy and thus opened new applications dimensions to an already wide array of industries.

Availability of prime sources of starch, however, has meant that the range of commodities targeted for its extraction have remained limited. Corn and wheat in particular have delivered starch of the ideal quality for the food and industrial processes. Also the abundant supply of both the commodities has negated the need to hunt for other sources. Modification techniques have minimized the problems faced in using these starches in the industry. However, the U.S. Ethanol policy and the growing demand for wheat as a raw material for bio-fuel generation in the European countries, has posed indirect problems for the modified starch market. Corn, the prime supply from the U.S. and wheat, Europe’s prime starch commodity, are expected to be available in shortage owing to the Ethanol policies. This coupled with the increasing demand for modified starch in various industry sectors, necessitates the need to tap other sources of starch.

Cassava (tapioca) is one such source which has already been addressed. Although it has been extensively adapted in to the industry, its full potential is yet to be tapped. Similarly, rice, yam, and other tube roots, which are abundantly available in the Asian, African, South American countries and Oceania, need to be researched. Bean starch is one such example of untapped source as well as application field, which needs focus and presents an opportunity. Modified bean starch may improve the quality of fresh gluten-free bread. It has been shown to boost its elasticity, potentially offering a better texture in the final loaf. Such findings could lead to enhanced products for the already blossoming gluten-free food market, worth more than $1.5 billion in Europe alone in 2010. Although there are technical hurdles for opportunities, they are worth the R&D focus.

Modified starch can also act as an excellent fermentation base for the bulk production of a wide variety of biotechnological products like organic acids, antibiotics, vitamins, hormones, etc. As a sole carbon source, providing energy for maintaining biological functions, starch derived carbohydrates are of very high commercial value. Starch derived glucose can be fermented to produce lactic acid, which may be polymerized for biodegradable films or bio plastics. Similarly potato starch wastes may also be used as a feed stock in fermentation reactions. Several polymers can be prepared using a variety of starch-based feed stocks. It is such untapped potential of the starch market which needs to be addressed. Expanding the commodity sources for extracting starch and combining the power of modification processes, adds a wider range of probable application fields to the existing exhaustive list. It, hence, seems obvious that the technological potential and industrial utility of starch gets multiplied several folds by suitable modification.

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