Global Corn and Corn Starch Derivatives Market Size study & Forecast, by Product (Corn starch, Corn starch derivatives, Corn oil, Corn flour, Corn meal/flakes/grits, Corn protein), by Application (Food & Beverage, Animal feed, Paper and Board, Pharmaceuti

Global Corn and Corn Starch Derivatives Market Size study & Forecast, by Product (Corn starch, Corn starch derivatives, Corn oil, Corn flour, Corn meal/flakes/grits, Corn protein), by Application (Food & Beverage, Animal feed, Paper and Board, Pharmaceutical, Textiles, Others) and Regional Analysis, 2022-2029

Global Corn and Corn Starch Derivatives Market is valued at approximately USD 73.96 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.4% over the forecast period 2022-2029. Corn starch or maize starch is referred to as the derivative of starch derived from corn or maize. Corn starch derivatives are highly adopted in a variety of food products as a thickener, emulsifier, textural agent, and other purposes. Corn starch is gaining high traction across a wide range of industries such as food and beverage, oil-well drilling, pharmaceuticals, adhesives, paper and printing, laundry, air flotation, foundry, and textiles. The increase in demand for corn ethanol, growing awareness regarding the functional properties of corn starch derivatives coupled with rising adoption in the paper and board industry are some chief factors that are fostering the market demand around the world.

The rising consumption of ready-to-eat meals is acting as a catalyzing factor for market growth across the globe. According to Statista, in 2021, it was estimated that the ready-to-eat meals segment generated a total revenue of around USD 470 billion. Also, it is projected that the demand for ready-to-eat meals is continuously rising and is estimated to reach USD 690 billion by 2026. Therefore, the rising demand for ready-to-eat food as a healthy alternative is impelling the demand for corn and starch derivatives in the global market. Moreover, favorable and supportive government agricultural policies, as well as the growing advancements in technologies for the production of corn to boost the yield are presenting various lucrative opportunities over the forecasting years. However, the high R&D cost and fluctuations in the prices of raw materials are hampering the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Corn and Corn Starch Derivatives Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing number of start-ups, along with the growing demand for ready-to-eat meals, and the high adoption of cornmeal in animal feed industry. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the increasing demand for processed and packaged foods and rising gasoline demand in the market space.

Major market players included in this report are:
Archer-Daniels-Midland Company
Cargill Incorporated
Ingredion Incorporated
Tate & Lyle PLC
Agrana Group
Roquette Frères SA
Wacker Chemie AG
National Starch & Chemical Company
Ashland Global Specialty Chemicals Inc.
Fibersol

Recent Developments in the Market:
 In December 2022, ADM declared that the company is intending to invest in strengthening its starch production at its Marshall, Minnesota, facility. The objective of this expansion is to meet the surging demand from the food and beverage sectors. Also, the company focusing on supporting the continued expansion of its BioSolutions platform.

Global Corn and Corn Starch Derivatives Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
Corn starch
Corn starch derivatives
Corn oil
Corn flour
Corn meal/flakes/grits
Corn protein

By Application:
Food & Beverage
Animal feed
Paper and Board
Pharmaceutical
Textiles
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World



Companies Mentioned

Archer-Daniels-Midland Company
Cargill Incorporated
Ingredion Incorporated
Tate & Lyle PLC
Agrana Group
Roquette Frères SA
Wacker Chemie AG
National Starch & Chemical Company
Ashland Global Specialty Chemicals Inc.
Fibersol

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