Global Modified Starches Market Overview
In value terms, modified starches production totaled $17.1B in 2010 estimated in export prices. The total output value increased at an average annual rate of +1.9% from 2007 to 2010; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when production volume increased by 5.8% y-o-y. In that year, global modified starches production reached its peak level and is likely to continue its growth in the immediate term.
The countries with the highest volumes of modified starches production in 2010 were China (2.5M tonnes), the U.S. (2.1M tonnes) and India (1M tonnes), with a combined 32% share of global production.
From 2007 to 2010, the most notable rate of growth in terms of modified starches production, amongst the main producing countries, was attained by the U.S., while modified starches production for the other global leaders experienced more modest paces of growth.
The global modified starches market revenue amounted to $14.5B in 2010, growing by 9.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.9% over the period from 2007 to 2010; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2008 with an increase of 13% against the previous year. Over the period under review, the global modified starches market reached its peak figure level in 2010 and is expected to retain its growth in the immediate term.
From 2007 to 2010, the most notable rate of growth in terms of modified starches consumption, amongst the main consuming countries, was attained by the Netherlands, while modified starches consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest modified starches markets worldwide were China ($1.8B), the U.S. ($1.6B) and India ($787M), with a combined 29% share of the global market. Brazil, Russia, Japan, Mexico, France, Pakistan, Bangladesh, Indonesia and the Netherlands lagged somewhat behind, together comprising a further 25%.
In terms of the main consuming countries, Indonesia experienced the highest rates of growth with regard to market size, over the period under review, while modified starches market for the other global leaders experienced more modest paces of growth.
In 2010, the highest levels of modified starches per capita consumption was registered in the Netherlands (20 kg per person), followed by the U.S. (5.49 kg per person), Japan (5.11 kg per person) and France (4.91 kg per person), while the world average per capita consumption of modified starches was estimated at 2.49 kg per person.
From 2007 to 2010, the average annual growth rate of the modified starches per capita consumption in the Netherlands stood at +3.0%. In the other countries, the average annual rates were as follows: the U.S. (-0.6% per year) and Japan (+0.2% per year).