In 2020, the global Modified Corn Starch Market was strong and is predicted to maintain a consistent revenue growth rate over the forecast period due to its diverse applications in various industries and associated benefits. Starch, a colorless and tasteless chemical found in numerous plant tissues and mostly derived from corn, grains, and potatoes, is essential to human diets as it aids in the storage of carbohydrates in the body. Corn starch, also called corn flour or maize starch, is produced through a series of wet milling, steeping, grinding, purifying, and drying corn grains. Corn starch is a prevalent food ingredient worldwide and is extensively used in the packaged food and food processing industries. Maize starch, which is derived from the kernel of corn, provides food products such as microwaveable foods, canned, chilled, frozen, extruded snacks, and dry mixes with improved texture, viscosity, and other desirable qualities.
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Top Companies Operating in the Global Modified Corn Starch Market Report:
- Cargill
- Argo
- Roquette
- Gea
- AVEBE
- Japan Corn Starch
- Sanwa Starch
- COFCO
- Agrana
- Spac Starch Products
- Xiwang Group
- Tate and Lyle
- Penford Products
- Wanshunda Group
- Hebei Derui Starch Company
- Corn Development Company
- Longlive
- Ingredion
- Nihon Shokuhin Kako
- Luzhou Group
- Lihua Starch
Restraining Growth of Modified Corn Starch Market
· Consumer Education: Increasing public awareness and educating consumers about the potential risks and drawbacks associated with modified corn starch can help reduce its demand. Consumer education campaigns can highlight the potential health concerns, environmental impact, and the presence of genetically modified organisms (GMOs) in modified corn starch products. Providing alternative options and promoting natural or organic alternatives can also help shift consumer preferences away from modified corn starch.
· Market Competition: Encouraging competition in the starch market can help restrain the growth of modified corn starch. Governments can support the development of alternative starch sources, such as potato starch, tapioca starch, or rice starch, by providing research grants, subsidies, and incentives. Increased competition can lead to improved product quality, pricing, and availability, which can make alternative starches more attractive to consumers and manufacturers.
· Industry Collaboration: Collaboration between industry stakeholders, including food manufacturers, researchers, and regulatory bodies, can help address concerns related to modified corn starch. By working together, these stakeholders can develop industry guidelines, standards, and best practices to ensure the safe and responsible use of modified corn starch. This collaboration can also foster innovation in alternative ingredients and processing technologies.
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The global Modified Corn Starch market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Oxidized Corn Starch
- Acid-modified Corn Starch
- Cationic Wet End Corn Starch
Application Outlook (Revenue, USD Billion; 2018-2028)
- Paper Industry
- Textile Industry
- Manufacturing Industry
- Drug Formulations
- Food and Beverages Products
- Animal Feed
- Others
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