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Corn Starch Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2023-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

1. Market Development for Corn Starch
The market for maize starch is expanding quickly as a result of the rising demand for processed foods and beverages. The complex carbohydrate starch is generated from the corn kernel’s endosperm. In the food and beverage business, it serves as a thickening agent. With a CAGR of 4.5% from 2016 to 2022, the global corn starch market, which was valued at $6.4 billion in 2015, is anticipated to expand to $8.6 billion by 2022.

The demand for processed foods and beverages has a direct impact on the demand for maize starch. The processed food and beverage industry is expanding as a result of rising earnings and population.In processed foods and beverages, the starch serves as a binder, emulsifier, and thickening agent. Additionally, it serves as a raw material for the synthesis of fructose, dextrin, glucose, and maltodextrin. It is anticipated that the market for corn starch will expand at a quick rate due to the rapidly expanding processed food and beverage sector.

Due to the rising demand for processed foods and beverages in the region, the Asia-Pacific region is the world’s largest market for corn starch. The region also produces and consumes the most corn. China currently holds the top spot in the Asia-Pacific corn starch market as a result of the nation’s rising demand for processed foods and drinks. The nation also produces and consumes the most grain. Due to the region’s rising demand for processed foods and beverages, North America and Europe are likely to experience significant growth.

Based on kind, use, and geography, the corn starch market is divided into subgroups. The market is separated into waxy maize, regular maize, and high-amylose corn according to kind. The market is divided into food, animal feed, paper, textiles, and other categories based on application. It is examined geographically across North America, Europe, the Asia-Pacific region, and LAMEA.

Cargill, Inc., Archer Daniels Midland Company, Ingredion, Tate & Lyle PLC, Roquette Frères, Grain Processing Corporation, and Tate & Lyle are a few of the prominent companies active in the worldwide corn starch market.

2. Market Challenges for Corn Starch
The maize starch market today confronts a number of difficulties. The rising price of corn is one of the biggest obstacles. The cost of corn starch has increased as a result of the recent sharp increases in the price of corn. As a result, people are looking for less expensive alternatives, which has resulted in a decline in the demand for corn starch.

The market for corn starch is also being challenged by the rising demand for alternative starches, including potato and tapioca starch. The demand for maize starch has decreased as a result of these substitutes being more frequently affordable and accessible.

The market for corn starch is also being affected negatively by the rising generation of renewable fuels. Since maize starch is a crucial component in the creation of ethanol, corn starch is now more in demand as ethanol production has expanded. This has decreased demand for corn starch and placed downward pressure on pricing.

3. Key Market Trends for Corn Starch in the United States

Corn Starch Market Report Scope and Segmentation
ATTRIBUTESDETAILS
ESTIMATED YEAR2023
BASE YEAR2022
FORECAST YEAR2030
HISTORICAL YEAR2017-2022
UNITValue (USD Million/Billion)
BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

In a recent analysis, Technavio predicted that the worldwide corn starch market would expand at a CAGR of 5.5% from 2016 to 2020.

The Global Corn Starch Market 2016–2020 research offers a thorough examination of the market in terms of sales and new trends. A current analysis and prediction for the worldwide corn starch market for the years 2016–2020 are also included in this research report.

The worldwide corn starch market is divided into segments in the report based on region and end-user. It offers a thorough analysis of the market’s main drivers, obstacles, and opportunities.

The main vendors active in this industry are discussed in the study.

Key Vendors

(Archer Daniels Midland)

The Cargill

The ingredient

National Starch and Chemical Association

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Additional Notable Vendors

– AGRAN

– AGP

Americ Corn

Associated British Food

– Beneo

The Biocon

– Bunge

International Corn Products

The Emsland Group

Grain Processing Corp.

Tate and Lyle

Roquette Brothers

Market Force

Increasing corn starch usage in the paper industry

See our study for a complete, exhaustive list.

Market Obstacle

A decline in HFCS demand

See our study for a complete, exhaustive list.

Industry Trend

growing demand for polymers made from biomaterials

See our study for a complete, exhaustive list.

major issues addressed in this report

How big will the market be, and what growth rate can we expect in 2020?

What dominant market trends are there?

What is the market’s main driver?

What are the obstacles to market expansion?

Which companies dominate this market segment?

What opportunities and dangers do the major vendors face in the market?

What are the main vendors’ strong points and weaknesses?

When you purchase this market research, you can ask for an hour of our analyst’s time for free.

4. Impact of the Corn Starch Market, Market COVID-19
The COVID-19 pandemic epidemic has had a substantial effect on the maize starch business. The pandemic has resulted in a sharp decline in the demand for maize starch. There is a shortage of corn starch on the market as a result of the lockdown measures that have been put in place by various countries throughout the globe.

The cost of maize starch has also increased as a result of the COVID-19 outbreak. The decline in demand for maize starch has resulted in a major drop in the price of the ingredient.

In the upcoming years, the COVID-19 pandemic is anticipated to have a substantial effect on the corn starch business. The pandemic is anticipated to cause both supply and demand in the industry to significantly fall.

5. Market Trends in the Corn Starch Industry
In recent years, there have been a few significant changes in the corn starch business. One is the development of more advanced and effective production techniques. As a result, maize starch is now less expensive overall, making it more affordable for a wider spectrum of consumers. A number of new competitors have entered the market, increasing competition, and they are providing cutting-edge goods and services.

The advent of genetically modified (GM) corn has been one of the biggest changes in the corn starch market. Given that GM corn starch is more readily available and less expensive to produce than conventional corn starch, this has had a significant impact on the industry. Additionally, it provides customers with a number of advantages, such as enhanced flavour and texture.

The expansion of the online market has been another significant development in the corn starch industry. To make it simpler for customers to purchase corn starch goods, a number of businesses have begun to provide them online. Sales of items containing maize starch have increased significantly as a result of this.

Overall, there have been a number of good changes in the corn starch market recently. These changes have increased market competition and accessibility and led to the introduction of a variety of fresh and cutting-edge products.

6. Market Analysis for Corn Starch
From 2018 to 2023, the worldwide corn starch market is anticipated to expand at a CAGR of 5.5%. The market is being propelled by the food and beverage sector’s rising need for maize starch. The largest corn starch market is in the Asia-Pacific region, which is also expected to develop at the greatest CAGR over the forecast period.

Based on kind, use, and geography, the corn starch market is divided into subgroups. The market is divided into two types: native starch and modified starch. The report’s applications include those for food and drink, paper and pulp, animal feed, pharmaceuticals, and other things. Geographically speaking, the market is further divided into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.

The main market for corn starch is the food and beverage sector. Soups, sauces, and gravies can be thickened by adding corn starch to them. Additionally, it is a component in processed foods like pizza, pastries, and breakfast cereals. The second-largest user of corn starch is the paper and pulp sector. Paper and paperboard are produced using corn starch as a binder. It is also employed in the textile sector as a sizing agent.

The largest corn starch market is in the Asia-Pacific region, followed by North America and Europe. The highest CAGR is anticipated for the Asia-Pacific region during the forecast period. The expanding demand for corn starch from the food and beverage and paper and pulp industries is what is driving the growth of the corn starch market in the Asia-Pacific region.

Based on category, the industry is segmented into:

  • Native Starch
  • Modified Starch
  • Sweeteners

It finds applications in sectors like:

  • Food and Beverages
  • Animal Feed
  • Pharmaceuticals and Chemicals
  • Textiles
  • Paper and Corrugates
  • Others

Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle Plc, Tereos SA, Roquette Freres, Others

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