The pharmaceutical industries in India and China are booming as a result of these nations' rising populations, claims the United Nations Department of Economics and Social Affairs. In 2016, the population of the nation’s made up 36% of the entire planet. India has developed as a centre for the production of pharmaceuticals due to the country's affordable labour and pharmaceutical raw material costs. India provided 20% of the generic medication supply to the world in 2016, according to the Indian Brand Equity Foundation (IBEF). The pharmaceutical industry is also anticipated to increase significantly in India thanks to government initiatives like Pharma Vision 2020, which is anticipated to stimulate the expansion of the modified starch market over the forecast period.
The global Modified Starch Market was valued at US$ 10.24 billion in 2018, and is expected to register a CAGR of 5.5% in terms of revenue over the forecast period (2019 – 2027), to reach US$ 16.46 billion by 2027.
Leading Companies in the Modified Starch Industry:
1. Archer Daniels Midland Company
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients The Company was founded in 1902 and is headquartered in Chicago, Illinois.
2. Cargill
Cargill provides food, agriculture, financial and industrial products and services to the world. The company was founded in 1965. It has headquarters situated in Minnesota, USA and is operational in more than 70 countries / regions. In January, 2023 Cargill announced it has completed the acquisition of Owensboro Grain Company.
3. Ingredion Incorporated
Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. Ingredion Incorporated was founded in 1906. It has headqiuarters situated in Westchester, Illinois and is operational in more than 120 countries. In November, 2022 Ingredion Incorporated announced the signing of an exclusive commercial distribution partnership with InnovoPro leading Foodtech chickpea Solutions Company, to distribute a chickpea protein concentrate in the U.S. and Canada.
4. Tate & Lyle
Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries. Tate & Lyle PLC was incorporated in 1903 and is headquartered in London, the United Kingdom. It operates in more than 39 countries. In September, 2022 Tate & Lyle PLC, a world leader in ingredient solutions for healthier food and beverages, has launched a Fibre Calculator to help raise awareness of the population’s.
5. Agrana Beteiligungs-AG
Founded as the holding company of the Austrian sugar and starch industry in 1988. The company is based in Vienna, Austria.
6. Grain Processing Corporation
Founded 1943, by S.G. Stein and G.A. Kent, in Muscatine, Iowa. The company began as a government industrial alcohol plant, part of the World War II synthetic rubber program. It has headquarters situated in Muscatine, USA.
7. Roquette Frère
Roquette is a family-owned global leader in plant-based ingredients, a pioneer of plant proteins and a leading provider of pharmaceutical excipients. Founded in 1933, the company currently operates in more than 100 countries. It has headquarters situated in Shanghai, China. In January, 2023 Roquette, a global leader in plant-based ingredients and a pioneer of plant proteins, is pleased to announce its investment in DAIZ Inc., a Japanese food tech startup that has developed breakthrough technology utilizing germination of plant seeds combined with an extrusion process to enhance texture, flavor and the nutritional profile for plant-based foods.
*Definition- The process of altering native starch to change its characteristics results in modified starch, also known as starch derivatives.
