MarketsandMarkets: Global Modified Starch Market worth $15.23 Billion by 2017

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MarketsandMarkets: Global Modified Starch Market worth $15.23 Billion by 2017

PR Newswire DALLAS, July 20, 2012

DALLAS,July 20, 2012/PRNewswire/ -- According to a new market research report,"Modified Starch Market by Raw Materials, Applications & Geography - Global Forecasts to 2017", published by MarketsandMarkets (http://www.marketsandmarkets.com), modified starch market will grow from estimated$12.76 billionin 2012. This value is expected to increase from$12.99 billionin 2012 to$15.23 billionby 2017 with 3.2% CAGR during the same period.North Americais expected to lead the global modified starch market with share of 39% followed byAsia- Pacific(29%) andEurope(27%) in terms of consumption by the year 2011. Browse more than 120 market data tables spread through 280 and in-depth TOC on"Modified Starch Market by Raw Materials, Applications & Geography - Global Forecasts to 2017". http://www.marketsandmarkets.com/Market-Reports/modified-starch-market- 511.html Early buyers will receive 10% customization of report. The major drivers for modified starch global market growth are the convenience health food sector, functional foods and the wide array of functionalities on offer brought about by the chemical modification of starch. The increasing requirements of the bio-fuel industry, results in siphoning of the raw material away from the starch industry. The resultant price hikes and supply shortage can be seen as a restraint for modified starch market. North Americaholds major market share in modified starch market.Asia- Pacificis the second largest consumer. R&D initiatives by American companies and government have helped its manufacturer to get the first mover advantage. North Americamarket share is 39% in the global modified starch consumption, Europehas 27% of share, and APAC companies are on the rise with market share of 29% of the total consumption. The modified starch market by application is segmented in major three segments as Food, Non-food (industrial), and Feed. Although, the industrial applications occupy a major share in the consumption market, the food segment, boosted by the convenience and functional foods, is expected to be the fastest growing segment, going ahead. Among the various commodities sourced for starch extraction, corn (maize), wheat, potato, and cassava occupy excess of 95% of the market share. With growing concerns over the availability of corn (maize) and wheat due to the bioethanol policies in the U.S. andEuroperespectively, focus is gradually expected to shift towards cassava and other sources of starch. Themodified starch marketreport also touches on various other important aspects of the market. It includes an analysis of the value chain, the competitive landscape, a raw material analysis, and the patent analysis. In addition, key players of this market have also been profiled.

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