Pune, May 12, 2023 (GLOBE NEWSWIRE) -- A global Food & Beverage research and business-consulting firm, Maximize Market Research, has published a market intelligence report on the “Corn Starch Market”. The report is a combination of primary data and secondary data and domain expert has analyzed the Corn Starch Market from a local as well as a global point of view. Over the forecast period, Maximize Market Research expects, the market to grow from USD 20.70 Bn in 2022 to USD 35.94 Bn in 2029 at a CAGR of 8.2 percent.
Corn Starch Market Report Scope and Research Methodology
| Market Size in 2022 | USD 20.70 Bn. |
| Market Size in 2029 | USD 35.94 Bn. |
| CAGR | 8.2 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 276 |
| No. of Tables | 116 |
| No. of Charts and Figures | 114 |
| Segment Covered | Type, Form and Application |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The report offers a quantitative analysis of the current drivers, restraints, trends, estimations, and opportunities in the corn starch market, providing insights into prevailing opportunities during the forecast period. PORTER's five forces analysis evaluates the profit-oriented strategic decisions and supplier-buyer networks of market participants. In-depth analysis, market size, and segmentation aid in determining the current market potential. The report provides a comprehensive analysis to stakeholders interested in investing in the global corn starch market, encompassing past and current market scenarios with forecasted size. It includes strategic profiling of key players, analyzing their core competencies, growth strategies, and market presence to guide investors. Mergers and acquisitions are among the strategies employed by players to expand market share and seize growth opportunities.
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Corn Starch Market Overview
Corn starch is a common ingredient made from the starchy portion of corn kernels known as the endosperm. It's used as a thickening agent for gravies, marinades, sauces, soups, and casseroles. The corn starch market is increasing at a significant rate due to its wide range of applications in food, feed, and industrial use. The report shows descriptive data and pictographs on regional as well as global Corn Starch Market analysis. The report adds to Corn Starch Market’s objectives. It includes leading competitors and their market value with their current trending skims, strategies, targets, and products. The report put light on the Corn Starch market’s recent growth as well as its informative past.
Corn Starch Market Dynamics
The demand for clean-label food and beverage products is driving the growth of the global corn starch market. Corn starch manufacturers, including Cargill, are investing in R&D to enhance the quality and functionality of their clean-label corn starches. They are also adopting sustainable practices and sourcing materials from sustainable sources to meet the demand for eco-friendly products. Cargill's SimPure line offers clean-label corn starches that are made from natural ingredients and free from artificial additives. They are working with farmers to source non-GMO corn to cater to consumers seeking natural and non-genetically modified ingredients. The growth of the food and beverage industry, especially in developing countries, is driving the demand for corn starch. Additionally, the increasing popularity of convenience foods and ready-to-eat meals contributes to the market's expansion.
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Corn Starch Market Regional Insights
The north American corn starch market is projected to grow at a CAGR of 14.5% during the forecast period, driven by the United States' significant corn production and cost-effective manufacturing process due to low raw material costs. Advanced technology and R&D facilities further contribute to market growth. The introduction of innovative products like clean labels and non-GMO corn starch caters to evolving customer demands in the food industry. Increasing population and disposable income in the region lead to higher consumption of processed and convenient foods, driving the demand for corn starch. The Asia Pacific region dominates the global corn starch market, accounting for over 40% of the total market share. The food industry in Asia Pacific extensively utilizes corn starch as a thickener, stabilizer, and texturizer in various products. China, Japan, and Thailand are major producers, and multinational companies like Cargill, ADM, and Tate & Lyle have a strong presence in the market. Competition is high in China, influenced by government policies and regulations.
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Corn Starch Market Segmentation
By Type:
• Modified starch
• Native starch
• Sweeteners
In 2022, the segment of modified corn starch accounted for the largest share of revenue, comprising 12%. This segment is projected to witness further growth in the upcoming years due to several factors. Firstly, there is a rising demand for convenience foods, which is driving the need for ingredients like modified corn starch.
By Application:
• Animal Feed
• Food and Beverages
• Paper and Board
• Textiles
• Others
Corn Starch Market Key Competitors include:
• Dow (U.S.)
• BASF SE (Germany)
• Chr. Hansen Holding A/S (Denmark)
• DSM (Netherlands)
• DuPont (U.S.)
• Evonik Industries AG (Germany)
• NOVUS INTERNATIONAL (U.S.)
• Alltech (U.S.)
• Associated British Foods plc (U.K.)
• Charoen Pokphand Foods PCL (Thailand)
• Cargill, Incorporated (U.S.)
• Nutreco (Netherlands)
• ForFarmers. (Netherlands)
• De Heus Animal Nutrition (Netherlands)
• Land O'Lakes (U.S.)
• Kent Nutrition Group (U.S.)
• SunOpta (Canada)
• Scratch and Peck Feeds (U.S.)
• Ingredion Incorporated (U.S.)
• Tate and Lyle Plc (UK)
• Archer-Daniels Midland Company (U.S.)
• Global Bio-chem Technology Group Company Limited (China)
• Tereos Syral S.A.S (France)
• Roquette Frères S.A. (France)
In 2019, Cargill launched its Plant-Based Protein business to meet the growing demand for alternative protein products. In 2020, Cargill announced a joint venture with Mosa Meat, a Dutch company specializing in cultured meat production, to accelerate the commercialization of cultured meat. In 2018, Cargill acquired Diamond V, a leading animal health and nutrition company, to strengthen its presence in the animal feed and nutrition sector.
Key questions answered in the Corn Starch Market are:
· What is Corn Starch Market?
· What was the Corn Starch Market size in 2021?
· What is the expected Corn Starch Market size during the forecast period?
· What are the global trends in the Corn Starch Market?
· What are the major restraints for the Corn Starch Market?
· Which segment dominated the Corn Starch Market growth?
· What is the demand pattern for the Corn Starch Market?
· What growth strategies are the players considering to increase their presence in Corn Starch Market?
· What are the upcoming industry applications and trends for the Corn Starch Market?
· Who are the leading companies and what are their portfolios in Corn Starch Market?
· Which region dominates the largest market share in Corn Starch Market?
Key Offerings:
· Past Market Size and Competitive Landscape (2018 to 2021)
· Past Pricing and price curve by region (2018 to 2021)
· Market Size, Share, Size & Forecast by different segment | 2022−2029
· Market Dynamics – Growth Drivers, Restraints, Opportunities, Organization Size, Application and Industry Vertical
· Market Segmentation – A detailed analysis by Type, Application and Distribution Channel
· Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
· PESTLE Analysis
· PORTER’s analysis
· Value chain and supply chain analysis
· Legal Aspects of business by region
· Lucrative business opportunities with SWOT analysis
· Recommendations
Maximize Market Research is leading Consumer Goods & Services research firm, has also published the following reports:
Starch Market- The market size is expected to reach USD 87.03 Bn by 2029 at a CAGR of 5.63 percent during the forecast period. The market is expected to be driven by people becoming progressively adapting to processed fast food.
Resistant Starch Market- The market size is expected to reach USD 16.43 Bn by 2029 at a CAGR of 6.32 percent during the forecast period. The market is expected to be driven by Increasing consumers’ inclination towards healthy food is driving the market which replaces slow-digesting starch with resistant starch that works as dietary fibers.
Corn Fiber Market - The market size is expected to reach USD 2100 Mn by 2029 at a CAGR of 13 percent during the forecast period. The market is expected to be driven by Consumer attitudes on nutrition are changing, and there is an increase in demand for high-quality ingredients, which are expected to favor market growth.
Cornmeal Market - The market size is expected to reach USD 972.64 Bn by 2029 at a CAGR of 3.9 percent during the forecast period. The market is expected to be driven by the increase in adopting healthy food as cornmeal is gluten-free in nature as this factor to drive the Corn Meal Market.
Starch Recovery Systems Market - The market size is expected to reach USD 459.12 Bn by 2029 at a CAGR of 5.5 percent during the forecast period. The increasing funding by the potato processing companies in APAC and the growing demand for processes, functional, and convenience foods are the major drivers for the potato processing market, this is driving the demand for starch recovery system components.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
