The Market Growth Can be Attributed to the Rising Consumer Preferences Toward Processed and Fried Foods.
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Saudi Arabia corn starch market is projected to register growth at a significant CAGR during the forecast period, 2023-2027. The market growth can be attributed to the rising consumer preferences toward processed and fried foods. Besides, surging demand for ready-to-eat packaged foods, owing to the increasing working population and their growing accessibility on offline and online channels are expected to fuel the growth of the Saudi Arabia corn starch market in the coming years.Speak directly to the analyst to clarify any post sales queries you may have.
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An increasing number of tourists in the country from various places and a growing number of commercial food retail chains are creating more demand for corn starch, which is used as a key ingredient in many delicacies. Thus, the country's rapidly increasing food & beverage sector and the introduction of global flavors across restaurants to meet the evolving demands of consumers from across the globe are positively influencing the growth of Saudi Arabia corn starch. The rising application of corn starch as a thickener in food items, soups, sauces, coating in deep-fried foods, and baked products are also adding to its market growth.
Traditional agriculture practices are difficult to be conducted on the lands of Saudi Arabia due to the lack of soil's capacity to provide nutrients to crops. Hence, advanced methods such as biotechnology to genetically modify crops of maize are being utilized to support the growing demand for corn starch. Thus, major developments in biotechnology and other technological advances are expected to support the positive growth of the Saudi Arabia corn starch market. Besides, rising demand for corn starch across major end-use sectors like ethanol, animal feed, and other industries are aslo aiding the market growth.
The Saudi Arabia corn starch market is segmented based upon type, application, competitional landscape, and regional distribution. Based on type, the market is divided into native starch, modified starch, and sweeteners. The sweeteners segment is anticipated to hold the largest share in the Saudi Arabia corn starch market, owing to the growing consumption of sweets in the region and the expanding varieties of desserts and beverages that require corn starch as the key ingredient.
Major companies operating in the Saudi Arabia corn starch market are Arabian Agricultural Services Company (ARASCO), BASF Saudi Arabia, Archer Daniels Midland Company, BAYER Saudi Arabia, Associated British Foods plc, among others.
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2023-2027
Objective of the Study:
- To analyze the historical growth in the market size of the Saudi Arabia corn starch market from 2017 to 2021.
- To estimate and forecast the market size of Saudi Arabia corn starch market from 2023 to 2027 and growth rate until 2027.
- To classify and forecast the Saudi Arabia corn starch market based on type, application, region, and company.
- To identify the dominant region or segment in the Saudi Arabia corn starch market.
- To identify drivers and challenges for the Saudi Arabia corn starch market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Saudi Arabia corn starch market.
- To identify and analyze the profiles of leading players operating in the Saudi Arabia corn starch market.
- To identify key sustainable strategies adopted by market players in Saudi Arabia corn starch market.
The publisher calculated the market size of the Saudi Arabia corn starch market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances
Report Scope:
In this report, Saudi Arabia corn starch market has been segmented into following categories, in addition to the industry trends which have also been detailed below:Saudi Arabia Corn Starch Market, By Type:
- Native Starch
- Modified Starch
- Sweeteners
Saudi Arabia Corn starch Market, By Application:
- Ethanol Production
- Food & Beverage
- Animal Feed
- Others
Saudi Arabia Corn starch Market, By Region:
- Southern Region
- Eastern Region
- Western Region
- Northern & Central region,
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia corn starch market.Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.This product will be delivered within 1-3 business days.
Table of Contents
1. Product Overview2. Research Methodology3. Impact of COVID-19 on Saudi Arabia Corn Starch Market4. Voice of Customer5. Executive Summary11. Market Trends & Developments12. Policy & Regulatory Landscape13. Saudi Arabia Economic Profile15. Strategic Recommendations
6. Saudi Arabia Corn Starch Market Outlook
7. Saudi Arabia Native Corn Starch Market Outlook
8. Saudi Arabia Modified Corn Starch Market Outlook
9. Saudi Arabia Sweeteners Market Outlook
10. Market Dynamics
14. Competitive Landscape
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Arabian Agricultural Services Company (ARASCO)
- BASF Saudi Arabia
- Archer Daniels Midland Company
- BAYER Saudi Arabia
- Associated British Foods plc