In 2024, the modified starch market moved through a year of shifting supply conditions and uneven demand. In the first half, prices in several regions stayed under pressure due to high production costs, unstable energy markets, and unpredictable agricultural flows. Processors struggled with the rising cost of grains and root crops used to make base starches. Weather issues and geopolitical tensions added more uncertainty, making it harder for manufacturers to keep operations efficient. Even with these challenges, demand from industrial users remained steady, which helped prevent a sharper decline in the market. Many producers tried to optimize their processing steps to stay competitive, but some varieties of modified starch became less available because of limited raw material supply.
In the second half of the year, the market turned firmer. Raw material prices for several starch sources increased, driven by poor crop yields in some areas, higher farming costs, and transport disruptions. This pushed production expenses higher for modified starch makers as well. Demand from food, paper, and pharmaceutical sectors stayed healthy, supporting an upward trend in many regions. Users were more willing to secure supply early as concerns about tighter availability grew. However, some segments still saw resistance from buyers, which kept the price rise moderate in a few markets. Overall, 2024 ended with a stronger tone compared to the first half, supported by tighter supply, rising feedstock costs, and steady industrial demand.