Corn Starch Market Analysis by Regional Outlook, Segmentation & Forecast 2027
Market Highlights
Corn starch or maize starch is the starch derived
from the corn (maize) grain. The starch is obtained from the endosperm of the
kernel. Corn starch is a popular food ingredient used in soups, sauces, and
gravies and is used in making corn syrup and other sugars.
Based on type, the global corn starch market has
been segmented into native, modified, and sweeteners. The sweeteners segment
accounted for the maximum market share in 2018 and is expected to grow at a
higher rate during the forecast period due to high usage of sweeteners in food
& beverage industry. Modified starch performs function like emulsification,
thickening, and stabilization. Thus, it is mainly preferred globally to be used
in convenience or processed food such as noodles, soups, sauces, dressings,
spreads, beverages, and others. Hence, the segment is expected to account for a
substantial share of the market during the forecast period.
The global market for corn starch has also been
classified, by application, as food & beverage, pharmaceuticals and
nutraceuticals, animal feed, and others. The food & beverage segment is
expected to dominate the market due to the widespread use of corn starch in the
preparation of bakery & confectionaries products. The food & beverage
segment has further been divided into bakery and confectionery, sweet and
savory snacks, and others. The sweet and savory snacks segment is expected to
register the highest CAGR during the forecast period owing to the increasing
demand for corn-starch as thickening agent.
Regional Analysis
On the basis of region, the global corn
starch market analysis has been segmented by North America, Europe,
Asia-Pacific, and RoW. North America is expected to dominate the global corn
starch market owing to the increasing prevalence of gluten intolerance and
celiac disease, especially in the US.
The corn starch market in Asia-Pacific is expected
to grow rapidly due to the increasing adoption of healthy, gluten-free diets by
the rising health-conscious population. Emerging markets such as China and
India are projected to contribute to the growth of the regional corn starch
market. China is the largest market for animal feed, where corn starch is being
increasingly used.
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Key Players
Some of the key players in the global corn starch
market are Archer Daniels Midland Company (US), Cargill, Incorporated (US),
Grain Processing Corporation (US), Croda international (UK), AkzoNobel NV
(Netherlands), Bayer AG (Germany), Ajinomoto Company Incorporated (Japan),
Henkel AG & Company, KGaA (Germany), Associated British Foods plc (UK), and
Calpis Company (Japan).
NOTE:
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