Corn Starch Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Corn Starch Market

The Corn Starch Market size was valued at USD 15.73 billion in 2023, and the market is now projected tgrow t49.17 USD billion by 2032, exhibiting a CAGR of 8.55% during the forecast period of 2023-2030.

The pandemic has been anticipated tbe a bane for the entire industrial developments of various market and fields. This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps tstop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related tthis domain. These factors affected the Corn Starch Market growth.

Starch and its derivatives are being used more often as a result of the current surge in demand for convenience food. These particular growth driving factors have been recorded tattribute the Corn Starch Market Share. As a culinary additive, starches are being used more and more for a variety of purposes, including thickening sauces, molding gums, controlling viscosity, and binding ingredients for baking. The market is expanding as a result of these useful characteristics of starches. The enhanced functional capabilities of modified starches have alsled ta quick expansion of their range of uses. The primary raw material used tmake starch and its derivatives is corn. Comparing corn starch tstarch made from other raw materials including rice, potatoes, cassava, and others, corn starch holds a substantial market share.

Consumer preferences for clean-label and organic products are growing, which is helping the corn starch industry expand. It is necessary for a product market twalk with the trends in order tincreases its lucracy and profits in shares and all over revenue. Due tthe increased demand from health-conscious consumers for organic and clean-label products, manufacturers are introducing a number of new items in an effort tgain market dominance.

Comprehensive Analysis of Corn Starch Market

Due tits many uses in food, feed, and industry, the market for corn starch is anticipated tgrow significantly. The segmentation of this particular market has been divided and then further subdivided intvarious categories. Corn starch is used tthicken and stabilize food products, and its use is expected tbe hindered by the use of other starches derived from other sources, such as rice, tapioca, and potatstarches. These particular segmentations have been categorized intsuch groups sthat their attribution tthe overall revenue systems are properly recorded studied sas tdetermine which is the leading and most beneficial segment of all. This is because most regions are becoming more aware of the consumption of sweeteners, and most food manufacturers use the sweeteners derived from this product because they are more affordable.

Worldwide, the United States is the biggest producer of corn and its derivatives. Another element contributing tthe market's expansion is the rise in the consumption of RTE snacks and convenience foods. Because of the rising demand for bakery and snack items, the Asia Pacific area is expected trise rapidly throughout the forecast period. The region is expected tmaintain a significant proportion during the projected period.

Global markets are fiercely competitive and highly fragmented. Due ttheir creative packaging solutions, a few group of large market companies hold a fair amount of market share. Some of the major Companies includes Ingredion Incorporated (U.S.), Tate and Lyle Plc (U.K.), Cargill Incorporated (U.S.), AGRANA – Beteiligungs AG (Austria), Archer-Daniels Midland Company (U.S.), and Global Bio-chem Technology Group Company Limited (China).

In September 2021, This particular company has attributed the market growth in terms of revenue and shares system. In response tconsumer demand for clean-label and organic products, Ingredion Incorporated introduced a new organically certified corn starch product as part of its functional and clean-label portfolio.

Segmentation Table

ATTRIBUTE DETAILS

By Type Native Starch

Modified Starch

Sweeteners

By End-Use Food and Beverage

Animal Feed

Paper and Board

Others

By Geography North America (U.S., Canada, and Mexico)

Europe (U.K., Germany, France, Italy, Belgium, Spain, Russia, and Rest of Europe)

Asia Pacific (China, Australia, India, Japan, and Rest of Asia Pacific)

South America (Argentina, Brazil, and Rest of South America)

Middle East & Africa (South Africa, UAE, and Rest of the Middle East & Africa)