North America 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, an

North America 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 North America is expected to grow from US$ 585.90 million in 2022 to US$ 885.61 million by 2028. It is estimated to grow at a CAGR of 7.1% from 2022 to 2028.

Growing Applications of Waxy Maize Starch in Pharmaceuticals & Nutraceuticals Industry

Waxy maize starch is used as a diluent, disintegrating agent, filler, and binding agent in various pharmaceutical products, such as tablets, hard capsules, blends, and premixes. It is an ideal pharmaceutical excipient owing to its excellent binding, water retention, and thickening properties. Waxy maize starch is utilized in sports nutrition and body-building products due to its high amylopectin content and high molecular weight. It also helps quickly replenish the muscle glycogen store and aid recovery. Supplement manufacturers are using waxy maize starch in their products to offer innovative products with high nutritive value. Consumers are concentrating on nutrition and wellbeing due to the rising prevalence of various health conditions, such as obesity, diabetes, high blood pressure, and heart diseases. This has created strong demand for dietary supplements, including protein, vitamin, and mineral supplements. Thus, the growing applications of waxy maize starch in the pharmaceuticals & nutraceuticals industry is significantly driving the growth of the waxy maize starch market.

Market Overview

The North America waxy maize starch market is segmented into the US, Canada, and Mexico. According to the Canadian Biotechnology Action Network, approximately a half-million acres of waxy corn are grown each year in the US, which is less than 0.5% of acres of corn in the country. In North America, waxy maize starch is significantly utilized in the food industry due to its stabilization and texturizer properties as a food additive. The increasing demand for convenient foods and ready-to-cook instant products, which require maize starch as a food additive, is expected to boost the market growth. The demand for convenience products can be attributed to the changing lifestyle and shift in consumer preferences. In the past few years, the need for gluten-free food has increased, owing to health-conscious and gluten-intolerant consumers, majorly in the US and Canada. This shift in the food eating habits of consumers has led to increased production of gluten-free products from alternative sources such as maize. Along with the food industry, the demand for waxy corn starch is expected to boost due to the rising number of applications in adhesive, pharmaceutical & nutraceutical, and paper & pulp production sectors.

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

North America Waxy Maize Starch Market Segmentation

The North America 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 North America waxy maize starch market is segmented into organic and conventional. The conventional segment registered a larger market share in 2022.

Based on application, the North America 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 the US, Canada, and Mexico. The US dominated the market share in 2022.

AGRANA Beteiligungs-AG; Cargill, Incorporated; Manildra Group; 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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