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

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 billion in 2012. This value is expected to increase from $12.99 billion in 2012 to $15.23 billion by 2017 with 3.2% CAGR during the same period. North America is expected to lead the global modified starch market with share of 39% followed by Asia- Pacific (29%) and Europe (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.