Nigeria Modified Starch Market grows at a CAGR of 5.1% in the forecast period 2020-2027.
Market Analysis & Insights: Nigeria Modified Starch Market
Modified starch market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.1% in the forecast period of 2020 to 2027 and expected to reach USD 49.23 million by 2027. Growing demand of the starch for industrial applications especially in food and beverage and paper industry accelerated the market growth.
The growth in the utilization of starch for industrial purpose for instance textile industry, paper industry, pharmaceutical industry and other industry have led the development of new modified starches with various enzymatic and chemical methods. Corn starch is majorly used among other starch of rice, roots and tubers and others. The growing production of raw material crops required for starch production in Nigeria is attracting the major investments in market from foreign as well as domestic investors
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Nigeria Modified Starch Market Share Analysis
Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Nigeria modified starch market.
Nigeria Modified Starch Market Scope and Market Size
On the basis of form, the market is segmented into dry and liquid. In 2019, dry segment is dominating the market due to less expense on powder form for storage and transpiration operation as compared to liquid which is driving the segment growth.
On the basis of function, the market is segmented into thickeners, binders, stabilizers, emulsifiers and others. The modified starch, thickeners is the dominating segment as thickeners are majorly used in the food and beverages industry to thicken the food products or beverages. It is used to thicken the gravies, baby foods, soups, breakfast gruels and others applications. The new benefits of modified starch as a thickening agent are also driving its demand in the Nigerian as well as global market.
On the basis of modification type, the market is segmented into enzymatically modification and physical modification. The enzymatically modified starches have competitive advantage of low cost which is driving the segment growth.
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Nigeria Modified Starch Market Country Level Analysis
The countries covered in the compression therapy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
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Nigeria Modified Starch Market is Growing with CAGR of 5.1% in the Forecast Period of 2020-2027
Key Players Nigeria Modified Starch Market
Nsmfoodslimited
Matna Foods Ltd.
ALFA LAVAL
Ingredion Incorporated
Roquette Frères
Cargill
TOC of the report
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
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