Corn Starch Market is estimated to be US$ 31.56 billion by 2030 with a CAGR of 6.10% during the forecast period

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Published Date: April 2023

Corn Starch Market accounted for US$ 17.53 billion in 2020 and is estimated to be US$ 31.56 billion by 2030 and is anticipated to register a CAGR of 6.1%. Corn starch is derived from the wheat or corn (maize) grain. Corn starch is attained from the endosperm of the kernel. After cellulose, corn starch is the most used carbohydrate in nature. Corn starch is used for many household, culinary, and industrial purposes. It is often used in the kitchen as a thickening agent for glazes, gravies, sauces, soups, casseroles, pies, and other desserts. It is also used in the preparation of corn syrup and bioplastics. It also plays a significant role in the treatment of glycogen storage disease. Corn starch is a primary raw material for ethanol production.

The report “Global Corn Starch Market, By Product (Modified Starch, Native Starch, and Sweetener), By Application (Pharmaceuticals and Chemicals, Food and Beverages, Animal Feed, Textile, Paper Making, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2030.”

Key Highlights:

In 2021, Defence Research and Development Organization (DRDO) launched biodegradable laddu bags made of corn starch at Tirumala.
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Analyst View:

Increasing the use of corn starch in many industries, such as processed foods, detergent industries, food and beverages, and paper and board, is a crucial factor in driving the growth of the global market. In addition, growing awareness among consumers concerning the health benefits of consuming corn starch is expected to accelerate the development of the target market during the forecast period. Also, expansion of the application base and technological advancements in the biotechnology field are other significant factors projected to boost the growth of the global market during the forecast period. Furthermore, the corn starch product market is categorized as hydrolyzed starch, ether starch, resistance starch, hybrid natural starch, and pre-gelatinized starch. These products' wide range of applications is expected to drive the global market over the next ten years.

Moreover, the growing animal feed market is anticipated to positively impact the global market in the future. For instance, according to Agriculture, environment, and rural affairs, in the period January to March 2019, the number of raw materials required for the production of animal feed sold directly was 63.0 thousand tonnes, which was 1.1% higher than in January to March 2018. However, the availability of corn substitutes, like tapioca and wheat, is a significant factor in restricting the growth of the target market. Moreover, increasing prices of raw materials, coupled with an increase in the use of cassava as a substitute, are expected to hamper the growth of the global market over the forecast period.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Corn Starch Market, By Product (Modified Starch, Native Starch, and Sweetener), By Application (Pharmaceuticals and Chemicals, Food and Beverages, Animal Feed, Textile, Paper Making, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”

Key Market Insights from the report:

The Global Corn Starch Market accounted for US$ 17.53 billion in 2020 and is estimated to be US$ 31.56 billion by 2030 and is anticipated to register a CAGR of 6.1%. Global Corn Starch Market has been segmented on the basis of product, application and region.

By Product, the Global Corn Starch Market is segmented into Modified Starch, Native Starch, and Sweetener.
By Application, the Global Corn Starch Market is segmented into Pharmaceuticals and Chemicals, Food and Beverages, Animal Feed, Textile, Paper Making, and Others.
By region, the Global Corn Starch Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape:

Key players in the global corn starch market includes, Global Bio-chem Technology Group Company Limited, AGRANA – Beteiligungs AG, Cargill Incorporated, Tereos Syral S.A.S, Roquette Frères S.A., Kent Corporation – Grain Processing Corporation, Ingredion Incorporated, Associated British Foods plc, Archer Daniels Midland Company, and Tate and Lyle PLC.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period