Middle East & Africa Waxy Maize Starch Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Modified Starch and Native Starch), Category (Organic and Conventional), and Application (Food and Beverages, Pharmaceuticals and Nutraceutic

Middle East & Africa Waxy Maize Starch Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Modified Starch and Native Starch), Category (Organic and Conventional), and Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, and Others)

The waxy maize starch market in MEA is expected to grow from US$ 127.07 million in 2022 to US$ 197.93 million by 2028. It is estimated to grow at a CAGR of 7.7% from 2022 to 2028.

Increasing Strategic Developments by Major Market Players

The manufacturers of waxy maize starch are making strategic developments, such as product innovation, plant capacity expansion, and mergers & acquisitions, to strengthen their market position and expand their customer base. Companies are launching new products with unique properties to cater to changing consumer requirements. For instance, in November 2020, Ingredion launched organic instant functional native starch NOVATION 9460. The product is derived from waxy maize. It controls rheological behavior in cake batters, sauces, or other semi-liquids by providing instant viscosity. It can also be used in sweet applications, such as cream and fruit-based fillings, as well as in savory applications, such as sauces and dressings, to enhance their appearance and texture. Such innovative products are gaining huge popularity among consumers. Therefore, rising strategic developments by market players are expected to provide immense opportunities to the waxy maize starch market during the forecast period.

Market Overview

The Middle East & Africa waxy maize starch market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. Cassava and maize are the two crops that are extensively utilized for the production of starch in the region. The food & beverages industry is growing rapidly in the Middle East as a result of the proliferating tourism industry, changes in demographics, and shifts in consumer dietary habits. It has led to increased demand for starches such as waxy maize starch, which are required for the production of confectionery, bakery, drinks, and other ready-to-eat food and beverage products. Therefore, multinational companies such as Cargill, Incorporated are planning to establish their presence in the Middle East countries by expanding production facilities to meet customer demands.

MEA Waxy Maize Starch Market Revenue and Forecast to 2028 (US$ Million)

MEA Waxy Maize Starch Market Segmentation

The MEA waxy maize starch market is segmented into type, category, application, and country.

Based on type, the market is segmented into native starch and modified starch. The native starch segment registered a larger market share in 2022.

Based on category, the MEA waxy maize starch market is segmented into organic and conventional. The conventional segment registered a larger market share in 2022.

Based on application, the MEA waxy maize starch market is segmented into food and beverages, pharmaceuticals and nutraceuticals, and others. The food and beverages segment registered the largest market share in 2022.

Based on country, the market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. Rest of MEA dominated the market share in 2022.

AGRANA Beteiligungs-AG; Cargill, Incorporated; Roquette Frères; Sinofi Ingredients; Tate & Lyle PLC; and Tokai Denpun Co., Ltd. are the leading companies operating in waxy maize starch market in the region.

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