Vegan Eggs Market to Grow by 8.3% CAGR

 The global vegan egg market is expected to reach a market valuation of US$ 1.6 Bn by the year 2022, accelerating at a CAGR of 8.4% by 2022-2032. Vegan egg sales currently account for about ~2.9% of the global egg market in terms of value.

The vegan eggs industry is greatly aided by the spread of disease caused by the consumption of animal-based foods, such as salmonella germs, which can originate in poultry and transferred to eggs even before shells have formed. Each year, Salmonella causes an estimated 1 million cases of foodborne illness in the United States. The use of antibiotics in egg-laying hens has also been linked with the development of antibiotic-resistant Salmonella bacteria.

Green and beans are excellent, but every now and then, a vegetarian, vegan, flexitarian, craves something familiar and hearty. As a market sector, plant-based and food-tech meat, cheese, and vegan eggs are far from dormant. They are experiencing recent innovations and developments, raising significant seed funding, and capturing the attention of the global food industry. In 2022 and beyond, consumers could definitely go for a vegan, environmentally friendly, and relatively healthier diet.

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Key Takeaways from Market Study

• The U.S. is expected to account for more than 85% of the North America market in 2022 owing to the increasing demand for processed vegan foods.
• According to FMI analysis, China is expected to account for nearly 44% of the East Asian market share in 2022, aided by increasing online vegan egg retailing.
• Germany, with a market share of nearly 20.0% in 2022, is an influential country in the Europe vegan eggs market, gaining from the growing demand for packaged and convenience food products.
• Because of its range of applications, the powder vegan eggs are expected to account for nearly 49% of the market in 2022.

 “Manufacturers are focusing on continuous research and development to enhance food quality. They are also adopting a number of different technologies such as nanotechnology and biotechnology for the production of vegan eggs even easier,” says a Future Market Insights analyst.

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Competitive Landscape

Demand for vegan food products is anticipated to witness significant growth over the forecast period. Vegan eggs suppliers and manufacturers are tailoring their product portfolio to cope with the increasing consumer demand.

A growing number of companies are entering the organic vegan eggs market due to high profitability and rising consumer demand for natural products. The following are some noteworthy market developments:

• Berlin-based Perfeggt’s planning to launch its new vegan liquid egg in 2022, made from fava beans and other plant proteins.

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Future Market Insights, in its new report, offers an impartial analysis of the global refrigerated snacks market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on product type (Liquid, Powder), based on nature (organic and conventional), and based on end-use application (food processing industry, foodservice industry, and retails/Household), across seven major regions of the world.

 

About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

Specialty Eggs Market to Grow by 8.9% CAGR

 The global specialty eggs market is set to witness growth at a CAGR of 8.9% over the forecast period (2022-2032) and top a valuation of US$ 13.5 Bn by 2032.

A large number of companies in the overall food and ingredients industry are focusing on developing their organic business. As a consequence, these companies are increasing their investments in the production of natural and organic products. This is one of the primary factors driving the global specialty eggs market growth at a rapid pace.

Moreover, companies have become more customer focused now. There has been an increased consumer mistrust over the years, hence, consumers are concerned about the source of food and what goes into it. Organic labels or certifications on products are featured as key additional benefits in most of the healthy food launches and significantly support the growth of the specialty eggs market at large.

Consumers are more aware about nutrition and ingredients in food that they wish to consume. This has been encouraging food manufacturers could encourage these practices of consumers and focus on clean labels that indicate nutrients and ingredients in the product. This practice might help consumers to choose their products wisely. Consumers are all the more aware of the type, amount, and quality of ingredients used in cosmetics and nutraceuticals.

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Key Takeaways from Market Study

• North America is expected to account for the maximum value share of the global market of about 26.8% by 2032 end
• Active expansion of footprint by market players in APAC and Europe through acquisitions of small companies and suppliers will aid overall growth of the market
• Demand for organic specialty eggs to grow considerably in the coming years
• Specialty eggs sales in the U.S. to grow by 7.3% CAGR
• Food processing industry to exhibit high demand for specialty eggs

“Mergers and acquisitions are conducted by market players to broaden the product portfolio and achieve a greater market share. The strategy also helped them improve their regional footprint, notably in unorganized markets,” says a Future Market Insights analyst.

Competitive Landscape

Key manufacturers of specialty eggs are majorly focusing on research & development, geographical expansion, product innovation, partnerships and mergers and acquisitions to create a larger customer base.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global Specialty Eggs market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on Product Type (Cage-free Eggs and Organic Eggs), End Use Application (Food Processing Industry, Food Service Industry, and Retail/Household (Convenience Stores, Discount Stores, Modern Trade, Online Retail, Specialty Stores, Wholesale Stores, and Other Sales Channel (Grocery Stores, etc.)) across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa) major regions of the world.

 

About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

Animal Feed Ingredients Market Gain Impetus due to the Growing Demand over 2022-2032

 The global animal feed ingredients market recorded year-on-year (YoY) growth of 3.1% and accounted for USD 38.8 billion in 2021. The market is expected to display a CAGR of ~3.0% to reach the valuation of USD ~58.6 billion in 2032, according to a recently published Future Market Insights report.

Animal feed protein ingredients constitute amino acids that promote hormone and enzyme secretion, necessary for normal body function. The deficiency of these amino acids leads to health issues, declining efficiency, and output in animals and livestock. There is an increased awareness about the benefits of high-quality feed ingredients among cattle farmers.

Augmenting demand for proper feed in cattle, poultry, swine, and aquaculture segments is driving the animal feed ingredients market. For animal productivity and ranch profitability, it is crucial to feed adequate protein and proper food ingredients to animals. The urgent need to differentiate products based on superior quality grades, regulated by the robust product quality and safety measures is propelling the growth of the feed ingredient market.

The demand for poultry products has increased drastically owing to the rising consumption of eggs and chicken among gym enthusiasts. Rising demand for a proteinaceous diet and high reliance on livestock and fish for meeting these nutrient requirements create a great avenue for the growth of the feed ingredients market.

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Key Takeaways from Market Study

• The poultry livestock feed ingredients segment cut across USD 80 billion in the year 2020. The chickens have dominated the poultry animal feed ingredients market.
• Broilers have a huge requirement of dietary protein sources, driving the animal feed protein ingredients market for enhancement of broiler performances and ranch profitability.
• The animal feed protein ingredients market from oilseed meals (plant-based animal protein feed) was about USD 125 billion in 2020 and is expected to witness significant gains over the forecast period.
• Soybean meals may witness strong gains in animal feed ingredients. Around 70% of the total soybean animal feed ingredients are employed in livestock feeding. The amino acid profile of a soybean meal is on par with a fish meal and hence is an effective substitute with high protein.
• Global meat consumption has increased by ~60% in the last 20 years, propelling the overall demand for animal feed.
• North America followed by Europe currently holds the majority of share in the consumption as well as production of animal feed ingredients, thanks to the presence of major cattle farms in the region.
• In the Asia-Pacific region, the animal feed ingredients market is anticipated to expand and is poised to surpass USD 90 billion by 2027 owing to high investments in livestock farming assisted by government subsidies, price support, and schemes.
• The growth in the production of poultry products in India, Brazil, Taiwan, and Vietnam, is due to the transformation of poultry production and livestock farming from a backyard activity into a major commercial activity in the recent past.
• The outbreak of diseases in animal wet markets, increasing cases of zoonotic and food-borne diseases is expected to fuel the demand for feed ingredients over the forecast period.

“Manufacturers of animal feed ingredients would gain significantly by having strategic alliances with corporations and governments. The poultry and aquafeed realms would serve as a potential market for animal feed ingredients in the forecast period, which is attributable to the growing demand for seafood, aquaculture, fish oil supplements, and poultry protein sources across the globe,” says a Future Market Insights analyst.

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Competitive Landscape

The animal feed protein ingredients industry is competitive with major players such as Dupont, DSM, Burcon Nutrascience Corporation, Mosaic Co., Alltech, Hamlet Proteins, CropEnergies AG, Imcopa Food Ingredients B.V, CHS, BRF, Catalysta, Titan Biotech, GRF Ingredients, Green Labs LLC., Sojaprotein, Evershining Ingredients Company, Sojaprotein, CJ Cheiljedang Corporation, Grain Millers, and Cargill among others.

The global Animal Feed Ingredients market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type :

• Compound feed
• Fodder
• Forage
• Oilseed meals
• Animal-by-product meals

Source :

• Animal-based Protein
• Plant-based Protein

Application :

• Poultry
• Ruminants
• Swine
• Aquatic Animals
• Other Animals (Pet Animals, Birds, and Reptiles)
• Research and biotech
• Biocatalysts

Region :

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

Fishmeal and Fish Oil Market Industry Analysis, Size, Share, Growth, Trends, and Forecast 2022-2032

 Demand for fishmeal and fish oil is estimated to grow at 6% CAGR, boosting the overall consumption to USD 12 billion over the assessment period, from 2022 to 2032.

The production of fishmeal and fish oil is projected to expand moderately in the coming years, due to better application of by-products from the fish processing industry, and the development of other raw material sources like algae, krill, and insects. The growing aquaculture industry will be the main driver behind the market.

Fish oils are mainly extracted from fishes such as salmon, anchovy, and trout. These fishes are rich in astaxanthin and carotenoids that have diverse utilization in pharmaceutical industries. The essential omega 3 fatty acids are primarily extracted from fish oils. Fish oil also finds increasing application in the pharmaceutical industry raw material for making medicines.

Fishmeal is a natural fertilizer and an excellent source of nutrients for gardens, lawns, and farms. Hence, the agricultural application of fishmeal products is envisaged to be one of the main drivers of the fishmeal and fish oils market.

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Key Takeaways from the market

• Future Market Insights (FMI) report has projected the fishmeal and fish oil market size to total USD 6 Bn in 2022.
• From 2001 to 2010, the average yearly fishmeal production was around 5.5 million tonnes, while from 2011 to 2020 it was around 5 million tonnes. The production of fish oil by volume amounts to between 0.8 and 1.3 million tonnes a year.
• In 2019, 68% of global utilization of fish oils was for aquaculture, i.e. around 610,000 tonnes of fish oil.
• Nearly 71% of fish oil consumption in aquaculture was used to feed salmon and trout.
• Peruvian fisheries, the largest volume-wise in the world have seen an upward tick in catches hence satisfying the rising demand for fishmeal.
• Fitness enthusiasts and athletes frequently consume fish oil for their omega-3 needs. Rising awareness about the aforementioned health benefits of fish oil will aid in the overall expansion of the market in the coming years.
• Regionally, Western Europe has emerged as a leading market for fishmeal and fish oils. The market will also witness lucrative growth opportunities in the Asia Pacific.

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Competitive Landscape

Key market players have adopted expansion and investments as key strategies to expand their presence in the fishmeal & fish oil market. Their growth strategies will enable growth in the market in the coming years.

The global fish and seafood industry is undergoing a transformation with big firms and government organizations linking with smaller fisheries at both inter and intra-region levels. These collaborations have opened the scope for increased demand for the aquatic feed additives market. This in turn will propel demand in the fishmeal and fish oil market. Furthermore, the rising use of fish oil in health supplements will ensure attractive prospects of growth for the market.

The fishmeal and fish oil market is slightly fragmented, diversified, and competitive with various small and mid-sized firms active which are strategically involved in consistent research and development and product innovations. The fishmeal & fish oil market in every region has witnessed the development of business units, subsidiaries, and research centers sponsored by key players. A few key players are Croda International Plc, The Scoular Company, FMC Corporation, Pelagia, GC Rieber Oils, Oceana Group Limited, Austevoll Seafood ASA, and Omega Protein Corporation.

“Fish meal and Fish oil manufacturers should establish strategic alliances with fisheries and regional entities for an adequate supply of raw materials, they should also do extensive marketing, specifically those dealing with fish oil supplements and pharmaceuticals should acquire the increasing market for omega-3 supplements. Manufacturers should also collaborate with industries using fish oils and fishmeals and communicate its benefits in agriculture and aquaculture,” says a Future Market Insights analyst.

The global Fishmeal & Fish Oil market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Source:

• Salmon & Trout
• Marine Fish
• Crustaceans
• Tilapia
• Carps
• Others

Application:

• Aquaculture & Aquatic Feeds
• Land Animal Feeds and Livestock
• Agriculture and Fertilizers
• Pharmaceuticals
• Dietary Supplements
• Others

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

Pulse Ingredient Market Outlook Cover New Business Strategy with Upcoming Opportunity 2022 to 2032

 According to a recent report by Future Market Insights, a market research and competitive intelligence provider, the pulse ingredient market is estimated to reach a value of USD 19 Bn by 2032, surging at 4.5% CAGR through the decade.

Because of the rising demand for natural ingredients and clean-labeled food products, the Pulse Ingredients Market is expanding. Consumers are shifting their diets to include more natural and organic ingredients because pulse ingredients are high in vitamins and minerals.

Moreover, as people become more health-conscious, the demand for gluten-free natural ingredients is increasing. As a result, the Pulse Ingredients Market is expected to expand between 2022 and 2032.

The growing consumer preference for protein-rich foods, such as pulse ingredient protein, is driving the Pulse Ingredient Market forward. Because of the health benefits provided by these ingredients’ high protein content, there is a growing demand for pulse-derived ingredients such as pea protein, pea flour, and pea starch. As a result, the Pulse Ingredients Market is expected to expand between 2022 and 2032.

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Key Takeaways from Market Study

• India’s economy is still in its early stages. The country has an abundance of raw material for pulse ingredients, which is primarily used by pulse ingredient manufacturers.
• For the forecast period of 2022-2032, the pulse ingredient market in Japan is expected to grow at a CAGR of 3%.
• Australia is the third-largest producer and exporter of faba bean, a pulse ingredient. Aside from that, the country is the seventh largest producer and exporter of field peas.
• The United States of America is a developing market for pulse ingredients, with the largest share expected during the forecast years.
• China is regarded as a major contributor to total pulse production. It is expected to reach a market size of USD 5.2 billion by 2032, with a CAGR of 7.1% from 2022 to 2032.

“The increasing demand for plant-based and gluten-free products, as well as the growing acceptance of protein-rich food products, are the primary factors driving market growth. Increasing disposable income, combined with a shift in people’s lifestyles, is expected to drive the overall market development of the Pulse Ingredients Market between 2022 and 2032,” says a Future Market Insights analyst.

Competitive Landscape

As a result of current trends, some key market players are focusing on various expansion strategies in order to sustain future growth. Product innovation, acquisition, collaboration, and expansion will remain popular strategies for market participants looking for a competitive advantage.

Among the prominent players and regional players in the global pulse ingredients market are Ingredion Incorporated, Roquette Frères S.A., Emsland-Starke GmbH, The Scoular Company, AGT Food and Ingredients Inc., Cosucra Groupe Warcoing S.A., Vestkorn Milling A.S., and Dakota Dry Bean, Inc.

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Future Market Insights, in its new report, offers an impartial analysis of the global pulse ingredient market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Form :

• Hard
• Soft

Type :

• Spreadable
• All-Purpose
• Butter Blend

Application :

• Bakery
• Confectionery
• Sauces
• Dairy and Ice-cream
• Spreads & Toppings
• Others (Ready to Eat Meals, Baby Food, and Snacks)

Region :

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

Sodium Malate Market Gain Impetus due to the Growing Demand over 2022-2032

 According to a recent report by Future Market Insights, a market research and competitive intelligence provider, the sodium malate market is estimated to reach a value of USD 715 Mn by 2032, surging at 4% CAGR through the decade.

Beverage consumption has skyrocketed in recent years, especially among Generation Z and millennials. The growing demand for distilled spirits, fruit juices, and smoothies among the younger generation is propelling the market forward. Furthermore, rising health-consciousness among consumers, as well as a need for low-calorie beverages, are compelling key players to create new products.

As a result, sodium malate is now used in the preservation and production of beverages, which is driving market growth. Changing lifestyles and rising consumer need for cosmetic products have recently contributed significantly to the market’s expansion.

The presence of Alpha-Hydroxy Acids (AHAs) in sodium malate, an acid, occurred naturally, with applications ranging from moisturizing the skin to wrinkle-free skin to extensive chemical peeling. They work by exfoliating the skin and hastening the natural process of rejuvenation of skin cells. As a result, the Sodium Malate Market is expected to expand between 2022 and 2032.

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Key Takeaways from Market Study

• Germany has been the highest revenue contributor among European countries, and it is expected to grow in the years 2022-2032.
• S.A is expected to grow at a faster CAGR between 2022 and 2032.
• China is one of the world’s largest consumers of cosmetics. China’s market is also expected to expand in the forecasted year 2022-2032.
• India’s economy is still in its early stages. Along with this, India’s population is growing. For the forecasted year 2022-2032, the market is expected to grow.
• The high demand for personal care products in Japan is propelling the Sodium Malate market, which is expected to expand during the forecasted year 2022-2032.

“Government regulations restricting the use of sodium malate as a humectant in cosmetics are driving the market growth. Sodium Malate is used as a food additive in the food industry that not only helps to enhance flavors but also acts as a pH regulator, which is expected to further boost the overall market developments of the Sodium Malate Market from 2022 to 2032,” says a Future Market Insights analyst.

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Who is winning?

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies used by Sodium Malate Market participants.

• In the aftermath of covid-19 and the lockdown situation, Fabreze, an American brand of household odour eliminators manufactured by Procter & Gamble, launched air-care products in January 2021 to keep the air at home fresh. The active ingredients in the products are sodium citrate and sodium malate.
• Armani Beauty launched a lipstick line called Beauty’s Lip Maestro in May 2021, with Diisostearyl Malate as a constituent, a safer alternative to sodium malate.

Sigma-Aldrich Corporation, Avantor Inc., Dr.Paul Lohmann Gmbh KG, Carbosynth Ltd, Tokyo Chemical Industry Co Ltd, BOC Sciences, MP Biomedicals LLC, Muby Chemicals, and Penta Manufacturing Company are some of the key market players in the Sodium Malate Market.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global sodium malate market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Market Segments Covered in Sodium Malate Industry Analysis

Type

• Monosodium Malate
• Disodium Malate

Application

• Food and Beverages
• Personal Care
• Cosmetics
• Animal Feed

Region

• North America
• Latin America
• Europe
• Asia Pacific Excluding Japan
• Middle East & Africa (MEA)
• Oceania
• Japan

Fructose Market Anticipated to Grow at a Significant Pace by 2032

 The global fructose consumer market is expected to increase at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2032, from USD 8,267.2 million in 2022 to USD 15,556.5 million in 2032.

The expansion of the fructose consumer market is predicted to be aided by rising demand for sugar-free and low-calorie food products. Fructose is a primary flavor enhancer found in almost all foods and beverages. The fructose industry will benefit from an increase in the consumption of protein supplements, energy drinks, and skin creams.

Key Takeaways:

• The demand for low-sugar, low-calorie products is driving the fructose industry forward. Low-calorie and low-sugar foods are gaining popularity because they help people lose weight while still providing an excellent source of vitamins and minerals that are beneficial to their overall health.
• To meet the required level of carbohydrate in the product, many sports nutrition products such as protein shakes, health drinks, and energy drinks contain fructose. Fructose is a popular ingredient since it is easy to digest, low in calories, and a healthier option for diabetics.
• Fructose has a huge potential in the pharmaceutical sector; one of the most important components in cough syrup is fructose; fructose is also present in practically all therapeutic syrups and a few oral medicines. Pharmaceutical businesses commonly employ high fructose corn syrup as a flavoring component in their products.
• Because fructose is a prominent ingredient in baby food and is easy for babies to digest, the fructose market has a lot of room for expansion.

“ The growing fructose market is attributed by the rising trend of fitness and health awareness coupled with rising diabetes cases and rising demand for low sugar and low-calorie food is expected to assist the growth. Rise in usage in various applications like medicinal syrups, baby food, and skincare products is going to increase the reach of fructose market,” says a lead analyst at Future Market Insights.

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Competitive landscape:

Fructose is expected to witness a booming growth due to the rising trend of fitness and awareness towards health. With the increasing cases of diabetes, fructose is going to be a natural and healthy option of sweetener in day t day life of consumers. With huge demand as a flavoring agent in medical syrups, oral medication, and baby foods, the Fructose market is now looking to expand to the skin care sector with new technological advancements.

To deliver a better quality sports drink to consumers, companies like HIGH5 have put fructose in their energy drink 2:1 fructose. In comparison to glucose and sucrose, protein shakes and protein powder contain fructose for their beneficial characteristics. The trend to stay in shape, as well as aesthetic and health consciousness, has boosted the sports nutrition business, which is benefiting fructose consumers.

Fructose is a novel component that works as a humectant moisturizer and natural exfoliator in skin creams. It can be used to gently exfoliate the skin and draw moisture to the skin’s surface, giving it a moisturized and healthy appearance. Fructose is a desirable ingredient for skin lotions and moisturizers because of its ability to absorb and retain moisture. With technological advancement and demand for natural ingredients, the use of fructose in skincare applications is expected to rise to assist the growth of this segment.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an unbiased analysis of the global Fructose market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Market Segments Covered In Fructose Market Analysis

By Source:

• Sugarcane
• Sugar beet
• Corn
• Others (Fruits and Vegetables)

By Product Type:

• High Fructose Corn Syrup
  • High Fructose Corn Syrup 42
  • High Fructose Corn Syrup 55
  • High Fructose Corn Syrup 65
  • High Fructose Corn Syrup 90
• Fructose Syrups
• Fructose Solids

By Application:

• Sports applications (Energy drink, Protein shake)
• Dairy-based Products
  • Ice Cream
  • Milkshake
  • Frozen Desserts
  • Yoghurt
• Beverages
  • Non-Alcoholic drinks
  • Alcoholic drinks
• Baked Goods
  • Biscuits & Cookies
  • Cake, muffins and pastries
  • Bread
  • Others
• Cosmetics & Personal Care
• Medicinal syrups and baby foods
• Others (Confectionery, Candies, Canned Food)

By Regions:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

Modified Starch Market Expectations & Growth Trends Highlighted Until 2032

 According to a recent report by Future Market Insights, a market research and competitive intelligence provider, The global modified starch market is expected to be worth USD 12.6 billion in 2022, rising to USD 21.2 billion by 2032, representing a CAGR of 5.6 percent.

Modified Starch Market Size Value in 2022	USD ~12.6 Bn
Modified Starch Market Forecast Value in 2032	USD ~21.2 Mn
Global Growth Rate (2022 to 2032)	~5.6% CAGR
Forecast Period	2022-2032

Modified starches are employed in a variety of food products because their functional qualities are far superior to those of native starches. Many physical modification procedures, such as heat-moisture treatment and annealing, cause starch granules to be physically modified without being damaged or gelatinized.

The demand for processed and convenient foods is increasing as the world’s population grows. Modified starch is a crucial and useful element found in ready-to-eat foods and products. With the rise in demand for processed foods, demand for modified starch is likely to rise as well, boosting market growth.

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Key Takeaways from Market Study

• Fast food restaurants make up a substantial portion of the food services industry, and their popularity has grown over time as a result of their focus on competitive and low pricing, along with rising customer demand for convenience foods. Fast food restaurants frequently employ modified starch in their food preparations to enhance the texture, flavour, and taste of their dishes.
• Corn led the modified starch market in terms of raw material. Corn is a staple meal that is popular all across the world due to its role in many countries’ diets. It’s commonly used to thicken soups and other liquid-based meals like sauces, gravies, and custards.
• In the near future, North America and Europe are projected to lead the way in terms of innovation and implementation of new starch modification techniques. Furthermore, constantly changing consumer habits and significant demand for fat-free milk and low-fat dairy products are expected to have a direct impact on the market’s growth prospects in North America and Europe.

“The demand for environmental sustainability across numerous industrial areas is reaching new heights in the current climate. Furthermore, attempts to combat environmental degradation, combined with an increased focus on food security, have prompted researchers working in the modified starch field to lean toward the adoption of new modification techniques in order to ensure the food sector’s long-term viability.” says a Future Market Insights analyst.

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Competitive Landscape

The global modified starch market is characterized by a reasonably consolidated competitive environment, with the majority of significant competitors maintaining a strategic focus on the creation of strong distribution partnerships and joint ventures in order to establish a stronger global presence.

Leading modified starch manufacturers are focusing on R&D and new product releases to meet the growing demand for natural ingredients in Asia, the Pacific, the Middle East, and Africa.

• For example, Cargill spent USD 200 million on its Krefeld, Germany, facility in 2019. The money was put in to convert the corn-processing plant to wheat-processing. This move will allow the company to respond to shifting market conditions and increased demand for industrial starches in the packaging industry.
• Archer Daniels Midland Company (ADM) and General Starch Limited (GSL) formed cooperation in 2019. GSL is a major producer of tapioca starch based in Thailand. ADM will have exclusive distribution rights for GSL modified tapioca starch in the majority of Europe, the Middle East, and Africa as a result of this strategic relationship.

Some of the leading companies offering modified starch are Cargill, Archer Daniels Midland Company, Roquette Frères Company, Ingredion Incorporated, Tate & Lyle PLC, The Agrana Group, Emsland Group, The cooperative Avebe U.A, Global, Pars Khoosheh Pardaz Co., Samyang Corporation, SMS Corporation Co., Ltd., SPAC Starch Products (India) Ltd, Tongaat Hulett Starch, Zarand Agro Industry Co., and Euroduna Food Ingredients GmbH.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the modified starch market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on modified starch based on source (maize/ corn, wheat, potato, tapioca, rice), product type (acetylated starch, physically modified starch, enzyme-modified starch), and grade (food and beverage, animal feed, cosmetic and personal care, papermaking, textile, pharmaceuticals) across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

About the Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.