The European modified starch market is expected to witness significant growth in the coming years due to the increasing awareness about natural ingredients and the enhanced functionalities, which they provide, in comparison to native starch, along with their cost effective nature. The expanding application areas, such as food, feed, and industrial are also contributing to the growth of the modified starch market in the European region. The functional properties of starch and the enhanced advantages enabled by chemical modification techniques are increasingly expanding the usage of modified starches in various end user industries. Furthermore, the presence of the top players in the region is also contributing towards the growth of the modified starch market in the European region.
The food and beverages application segment is estimated to account for the largest share in the European modified starch market in 2015 and is expected to witness consistent growth in the coming years as well. Food applications of modified starches can be divided into several subsegments according to their functional applications, as fat replacers, texture improvers, for nutritional claims, for high shear and temperature stability, and for flavor oils. In order to select modified starch for a particular application, both the market and the production should be considered. With the increasing per capita income, the consumers demand an additional varied set of food products which in turn influences the demand for starch and its derivatives.
Germany is the leading producer of major sources of modified starch, such as potatoes, wheat, and maize in the European region. Moreover, it is also the largest exporter of the same in the European region, hence making it the leading market for modified starch in the region. The food & beverages application segment is estimated to lead the European modified starch market, in terms of consumption and is estimated to account for over half of the total market share in 2015. Among sources, wheat is expected to contribute the largest share in the European modified starch market in 2015. These trends are expected to remain similar during the forecast period as well, thereby resulting in similar market dominance till 2020.
The European modified starch market is a competitive market, in which firms, such as Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), and Tate & Lyle plc (U.K.), among others are expanding their market shares. To gain the market shares, these companies are adopting numerous market strategies including innovative product developments, partnerships, mergers & acquisitions, and expansions of the existing facilities.
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