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Global Corn And Corn Starch Derivatives Market Size, Share & Industry Trends Analysis Report By Product, By Application, By Regional Outlook and Forecast, 2022-2028

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    Report

  • 255 Pages
  • January 2023
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5742119
The Global Corn and Corn Starch Derivatives Market size is expected to reach $102.2 billion by 2028, rising at a market growth of 5.1% CAGR during the forecast period.

Starch is a natural polymer constituted of a straight structure called amylose and a branched structure called amylopectin. Starch can be extracted from plants that are rich in carbohydrates, like cassava, sago, wheat, corn, and sweet potatoes. Fruit seeds, like avocado seeds, jackfruit seeds, and durian seeds, can also provide starch.

Various techniques for extracting starch include wet milling, protein digestion, high-intensity ultrasound, and alkaline steeping method. Corn starch is also known as maize starch which is derived from the corn grain that is mainly utilized as a chemical additive and food ingredient.

Corn starch is a tasteless, odorless, and white powder used in papermaking, food processing, and industrial adhesives. It is also an ingredient for several oral pharmaceutical and cosmetics products. It is widely used as a lotion in surgical gloves and diaphragms. In addition, corn starch can be added to some food products as an anti-caking or thickening agent, and sometimes it is discovered in topical drugs like a skin protectant.

Corn starch is used to sustain the glucose amount in the body, mainly for those who undergo glycogen storage disorder. Corn starch is used as an industrial starch for producing paper and in the textile business to provide stiffness to clothes.

COVID-19 Impact Analysis

As the impact of COVID-19 was felt worldwide, food & beverage businesses also experienced notably decreased consumption and obstacles like disturbance in the supply chains. Whereas at-home consumption has displayed a spike during the pandemic period. As, the corn Starch derivatives are mainly consumed within the food & beverage industry, the demand for corn starch derivatives seen a huge decline globally in the initial months of pandemic period. This was result of temporary closure of commercial food businesses and the disruption in the supply chain and production. Apart from this, the production of cosmetics & personal care products, pharmaceuticals & animal feed manufacturing have also declined because of COVID-19. This also has resulted in the decline of the development of the corn and corn starch derivatives market.

Market Growth Factors

Functional qualities of starch derivatives

The growth in functional qualities of starch derivatives makes them suitable for various non-food and food applications. It could be utilized as a textural and thickening agent, emulsifier, fat replacement, etc. As starch derivatives can bulk up and absorb water, they provide the food items that are employed in the required mouthfeel. They are a considerable substitute for fat due to this. As texture is one of the main factors in deciding if a customer will take a food item, starch is also used in food items as a gelling or thickening agent. The development of several components might be changed to overcome the formulation issues is because of the advances being made in technologies utilized to process starch.

Untapped usage of starch derivatives

Several feedstocks which are based on starch could be utilized to produce polymers. A vast variety of biotechnological products, comprising antibiotics, organic acids, hormones, and vitamins, could be produced in huge quantities utilizing modified starch as a fermentation base. Improving the commodity root for obtaining starch and combining modification procedures adds a broader scope of potential uses. This has resulted in wide usage of corn starch and corn starch derivatives. Additionally, the market will witness growth in the upcoming years as a result of the development of innovative technologies as well as experiments being done among different sectors.

Market Restraining Factor

High R&D cost becoming an obstacle

One of the main elements constraining the development of the corn and corn starch derivatives market is the high cost to be spent on research and development of the production and extraction of starch derivatives. They are utilized in several businesses like pharmaceutical, food & beverage, paper, etc., yet they have minimal natural sources for obtaining starch. Starch derivatives offer various benefits which has compelled marketers and manufacturers to produce a broad range of starch derivatives for non-food and food applications. Eventually negatively affecting the market growth.

Product Outlook

Based on product, the corn and corn starch derivatives market are segmented into corn starch, corn starch derivatives, corn oil, corn flour, corn meal/flakes/grits and corn protein. In 2021, the corn starch derivatives segment dominated the corn and corn starch derivates market with the maximum revenue share. Corn syrup is used to maintain moisture in food products and as a sweetener to enrich the taste. It also improves the volume and texture, as well as enhances the steadiness and the consumption period of the food products. Due to this, it is utilized mainly in the food & beverage business and the pharmaceutical business.

Application Outlook

On the basis of application, the corn and corn starch derivatives market are fragmented into food & beverage, animal feed, paper & board, pharmaceutical, biodiesel, textiles and others. In 2021, the animal feed garnered a remarkable growth rate in the corn and corn starch derivatives market. During the process of wet milling, the refining process also releases vitamins, minerals, protein and fiber. Typically, these elements were used as feed for fish, cattle, poultry, and hogs, due to being a healthy diet and a good source of energy. About 35-40% of the corn utilized by the corn refining businesses become animal feeds. As a result, high-level animal feed components are obtained from corn, which is an essential staple of poultry and meat businesses.

Regional Outlook

Region-wise, the corn and corn starch derivatives market, is analysed across North America, Europe, Asia Pacific and LAMEA. In 2021, the North America region led the corn and corn starch derivatives market with the maximum revenue share. Changing lifestyles have generated a demand for substitutes for conventional homemade food products, propelling the demand for packaged and processed foods. In addition, the increasing demand for innovation in bakery products and ready-to-eat meals is expected to result in the regional market growth. Furthermore, the growing approval of corn meal in the animal feed business further drives the market growth throughout the predicted period.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer-Daniels-Midland Company, Ingredion Incorporated, Tate & Lyle PLC, AGRANA Beteiligungs-AG, Ashland, Inc., Wacker Chemie AG, Cargill, Incorporated, and Roquette Freres SA.

Recent Strategies Deployed in Corn And Corn Starch Derivatives Market

  • 2022-Sep: Cargill opened a new corn wet mill in Pandaan, Indonesia. Through this geographic expansion, the company would be able to meet the consumer demands for sweeteners and starch in Asian markets. The newly opened facility permits the company to buy corn and transform it into corn-based sweeteners and starches to meet the consumer requirements of the targeted markets
  • May-2022: ADM expanded its business to Marshall, Minnesota. The company would expand starch production to address fast growing demand from the food & beverage sectors and to help the continued extension of the company's BioSolutions platform
  • 2020-Jul: Ingredion, Inc. released three new organic native starches namely Purity Bio 301 organic native tapioca starch, Purity Bio 805 organic native waxy rice starch and Purity Bio 201 organic native corn starch. These newly launched starches would assist manufacturers in removing unwanted ingredients and develop a new product using fewer ingredients with similar names like tapioca, corn and rice to save money
  • 2019-May: Ingredion unveiled NOVATION Indulge 2920 starch, a corn-based, functional native starch. This newly launched product would be able to support low-calorie and low-fat based products and would ultimately produce healthy food items
  • 2019-Jan: Archer Daniels Midland came into partnership with General Starch, a modified tapioca starch manufacturer. This partnership would allow company to create innovative solutions for consumers with the help of a vast range of starch, each having unique characterstics. Additionally, Archer Daniels Midland aims to become a leading supplier of starch in the EMEA region
  • 2018-Jul: Archer Daniels Midland Co. has partnered with Vedan International, a manufacturer of ferment ion-based amino acids and cassava starch-based products. Through this partnership, the company would provide tapioca maltodextrin and tapioca starches to the consumers. Tapioca has various applications just because of its neutral taste
  • 2018-Jan: Cargill expanded its business to the Kingdom of Saudi Arabia. Through this newly opened facility, the company would increase the production of starch and glucose. Moreover, Cargill would be able to expand its product base by adding high fructose corn syrup to its suite to meet the increasing demand from catering, confectionery, and bakery and juice segments

Scope of the Study

Market Segments Covered in the Report:

By Product

  • Corn Starch Derivatives
  • Corn Syrup
  • Modified Starch
  • Maltodextrin
  • Corn Ethanol
  • Others
  • Corn Oil
  • Corn Starch
  • Corn Meal/Flakes/Grits
  • Corn Flour
  • Others

By Application

  • Food & Beverage
  • Textiles
  • Pharmaceutical
  • Paper & Board
  • Animal Feed
  • Others

By Geography

North America

  • US
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

LAMEA

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Archer-Daniels-Midland Company
  • Ingredion Incorporated
  • Tate & Lyle PLC
  • AGRANA Beteiligungs-AG
  • Ashland, Inc
  • Wacker Chemie AG
  • Cargill, Incorporated
  • Roquette Freres SA

Unique Offerings

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Corn And Corn Starch Derivatives Market, by Product
1.4.2 Global Corn And Corn Starch Derivatives Market, by Application
1.4.3 Global Corn And Corn Starch Derivatives Market, by Geography
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Strategies Deployed in Corn and Corn Starch Derivatives Market

Chapter 4. Global Corn And Corn Starch Derivatives Market by Product
4.1 Global Corn Starch Derivatives Market by Region
4.2 Global Corn And Corn Starch Derivatives Market by Corn Starch Derivatives Type
4.2.1 Global Corn Syrup Market by Region
4.2.2 Global Modified Starch Market by Region
4.2.3 Global Maltodextrin Market by Region
4.2.4 Global Corn Ethanol Market by Region
4.2.5 Global Others Market by Region
4.3 Global Corn Oil Market by Region
4.4 Global Corn Starch Market by Region
4.5 Global Corn Meal/Flakes/Grits Market by Region
4.6 Global Corn Flour Market by Region
4.7 Global Others Market by Region

Chapter 5. Global Corn And Corn Starch Derivatives Market by Application
5.1 Global Food & Beverage Market by Region
5.2 Global Textiles Market by Region
5.3 Global Pharmaceutical Market by Region
5.4 Global Paper & Board Market by Region
5.5 Global Animal Feed Market by Region
5.6 Global Others Market by Region

Chapter 6. Global Corn And Corn Starch Derivatives Market by Region
6.1 North America Corn And Corn Starch Derivatives Market
6.1.1 North America Corn And Corn Starch Derivatives Market by Product
6.1.1.1 North America Corn Starch Derivatives Market by Country
6.1.1.2 North America Corn And Corn Starch Derivatives Market by Corn Starch Derivatives Type
6.1.1.2.1 North America Corn Syrup Market by Country
6.1.1.2.2 North America Modified Starch Market by Country
6.1.1.2.3 North America Maltodextrin Market by Country
6.1.1.2.4 North America Corn Ethanol Market by Country
6.1.1.2.5 North America Others Market by Country
6.1.1.3 North America Corn Oil Market by Country
6.1.1.4 North America Corn Starch Market by Country
6.1.1.5 North America Corn Meal/Flakes/Grits Market by Country
6.1.1.6 North America Corn Flour Market by Country
6.1.1.7 North America Others Market by Country
6.1.2 North America Corn And Corn Starch Derivatives Market by Application
6.1.2.1 North America Food & Beverage Market by Country
6.1.2.2 North America Textiles Market by Country
6.1.2.3 North America Pharmaceutical Market by Country
6.1.2.4 North America Paper & Board Market by Country
6.1.2.5 North America Animal Feed Market by Country
6.1.2.6 North America Others Market by Country
6.1.3 North America Corn And Corn Starch Derivatives Market by Country
6.1.3.1 US Corn And Corn Starch Derivatives Market
6.1.3.1.1 US Corn And Corn Starch Derivatives Market by Product
6.1.3.1.2 US Corn And Corn Starch Derivatives Market by Application
6.1.3.2 Canada Corn And Corn Starch Derivatives Market
6.1.3.2.1 Canada Corn And Corn Starch Derivatives Market by Product
6.1.3.2.2 Canada Corn And Corn Starch Derivatives Market by Application
6.1.3.3 Mexico Corn And Corn Starch Derivatives Market
6.1.3.3.1 Mexico Corn And Corn Starch Derivatives Market by Product
6.1.3.3.2 Mexico Corn And Corn Starch Derivatives Market by Application
6.1.3.4 Rest of North America Corn And Corn Starch Derivatives Market
6.1.3.4.1 Rest of North America Corn And Corn Starch Derivatives Market by Product
6.1.3.4.2 Rest of North America Corn And Corn Starch Derivatives Market by Application
6.2 Europe Corn And Corn Starch Derivatives Market
6.2.1 Europe Corn And Corn Starch Derivatives Market by Product
6.2.1.1 Europe Corn Starch Derivatives Market by Country
6.2.1.2 Europe Corn And Corn Starch Derivatives Market by Corn Starch Derivatives Type
6.2.1.2.1 Europe Corn Syrup Market by Country
6.2.1.2.2 Europe Modified Starch Market by Country
6.2.1.2.3 Europe Maltodextrin Market by Country
6.2.1.2.4 Europe Corn Ethanol Market by Country
6.2.1.2.5 Europe Others Market by Country
6.2.1.3 Europe Corn Oil Market by Country
6.2.1.4 Europe Corn Starch Market by Country
6.2.1.5 Europe Corn Meal/Flakes/Grits Market by Country
6.2.1.6 Europe Corn Flour Market by Country
6.2.1.7 Europe Others Market by Country
6.2.2 Europe Corn And Corn Starch Derivatives Market by Application
6.2.2.1 Europe Food & Beverage Market by Country
6.2.2.2 Europe Textiles Market by Country
6.2.2.3 Europe Pharmaceutical Market by Country
6.2.2.4 Europe Paper & Board Market by Country
6.2.2.5 Europe Animal Feed Market by Country
6.2.2.6 Europe Others Market by Country
6.2.3 Europe Corn And Corn Starch Derivatives Market by Country
6.2.3.1 Germany Corn And Corn Starch Derivatives Market
6.2.3.1.1 Germany Corn And Corn Starch Derivatives Market by Product
6.2.3.1.2 Germany Corn And Corn Starch Derivatives Market by Application
6.2.3.2 UK Corn And Corn Starch Derivatives Market
6.2.3.2.1 UK Corn And Corn Starch Derivatives Market by Product
6.2.3.2.2 UK Corn And Corn Starch Derivatives Market by Application
6.2.3.3 France Corn And Corn Starch Derivatives Market
6.2.3.3.1 France Corn And Corn Starch Derivatives Market by Product
6.2.3.3.2 France Corn And Corn Starch Derivatives Market by Application
6.2.3.4 Russia Corn And Corn Starch Derivatives Market
6.2.3.4.1 Russia Corn And Corn Starch Derivatives Market by Product
6.2.3.4.2 Russia Corn And Corn Starch Derivatives Market by Application
6.2.3.5 Spain Corn And Corn Starch Derivatives Market
6.2.3.5.1 Spain Corn And Corn Starch Derivatives Market by Product
6.2.3.5.2 Spain Corn And Corn Starch Derivatives Market by Application
6.2.3.6 Italy Corn And Corn Starch Derivatives Market
6.2.3.6.1 Italy Corn And Corn Starch Derivatives Market by Product
6.2.3.6.2 Italy Corn And Corn Starch Derivatives Market by Application
6.2.3.7 Rest of Europe Corn And Corn Starch Derivatives Market
6.2.3.7.1 Rest of Europe Corn And Corn Starch Derivatives Market by Product
6.2.3.7.2 Rest of Europe Corn And Corn Starch Derivatives Market by Application
6.3 Asia Pacific Corn And Corn Starch Derivatives Market
6.3.1 Asia Pacific Corn And Corn Starch Derivatives Market by Product
6.3.1.1 Asia Pacific Corn Starch Derivatives Market by Country
6.3.1.2 Asia Pacific Corn And Corn Starch Derivatives Market by Corn Starch Derivatives Type
6.3.1.2.1 Asia Pacific Corn Syrup Market by Country
6.3.1.2.2 Asia Pacific Modified Starch Market by Country
6.3.1.2.3 Asia Pacific Maltodextrin Market by Country
6.3.1.2.4 Asia Pacific Corn Ethanol Market by Country
6.3.1.2.5 Asia Pacific Others Market by Country
6.3.1.3 Asia Pacific Corn Oil Market by Country
6.3.1.4 Asia Pacific Corn Starch Market by Country
6.3.1.5 Asia Pacific Corn Meal/Flakes/Grits Market by Country
6.3.1.6 Asia Pacific Corn Flour Market by Country
6.3.1.7 Asia Pacific Others Market by Country
6.3.2 Asia Pacific Corn And Corn Starch Derivatives Market by Application
6.3.2.1 Asia Pacific Food & Beverage Market by Country
6.3.2.2 Asia Pacific Textiles Market by Country
6.3.2.3 Asia Pacific Pharmaceutical Market by Country
6.3.2.4 Asia Pacific Paper & Board Market by Country
6.3.2.5 Asia Pacific Animal Feed Market by Country
6.3.2.6 Asia Pacific Others Market by Country
6.3.3 Asia Pacific Corn And Corn Starch Derivatives Market by Country
6.3.3.1 China Corn And Corn Starch Derivatives Market
6.3.3.1.1 China Corn And Corn Starch Derivatives Market by Product
6.3.3.1.2 China Corn And Corn Starch Derivatives Market by Application
6.3.3.2 Japan Corn And Corn Starch Derivatives Market
6.3.3.2.1 Japan Corn And Corn Starch Derivatives Market by Product
6.3.3.2.2 Japan Corn And Corn Starch Derivatives Market by Application
6.3.3.3 India Corn And Corn Starch Derivatives Market
6.3.3.3.1 India Corn And Corn Starch Derivatives Market by Product
6.3.3.3.2 India Corn And Corn Starch Derivatives Market by Application
6.3.3.4 South Korea Corn And Corn Starch Derivatives Market
6.3.3.4.1 South Korea Corn And Corn Starch Derivatives Market by Product
6.3.3.4.2 South Korea Corn And Corn Starch Derivatives Market by Application
6.3.3.5 Singapore Corn And Corn Starch Derivatives Market
6.3.3.5.1 Singapore Corn And Corn Starch Derivatives Market by Product
6.3.3.5.2 Singapore Corn And Corn Starch Derivatives Market by Application
6.3.3.6 Malaysia Corn And Corn Starch Derivatives Market
6.3.3.6.1 Malaysia Corn And Corn Starch Derivatives Market by Product
6.3.3.6.2 Malaysia Corn And Corn Starch Derivatives Market by Application
6.3.3.7 Rest of Asia Pacific Corn And Corn Starch Derivatives Market
6.3.3.7.1 Rest of Asia Pacific Corn And Corn Starch Derivatives Market by Product
6.3.3.7.2 Rest of Asia Pacific Corn And Corn Starch Derivatives Market by Application
6.4 LAMEA Corn And Corn Starch Derivatives Market
6.4.1 LAMEA Corn And Corn Starch Derivatives Market by Product
6.4.1.1 LAMEA Corn Starch Derivatives Market by Country
6.4.1.2 LAMEA Corn And Corn Starch Derivatives Market by Corn Starch Derivatives Type
6.4.1.2.1 LAMEA Corn Syrup Market by Country
6.4.1.2.2 LAMEA Modified Starch Market by Country
6.4.1.2.3 LAMEA Maltodextrin Market by Country
6.4.1.2.4 LAMEA Corn Ethanol Market by Country
6.4.1.2.5 LAMEA Others Market by Country
6.4.1.3 LAMEA Corn Oil Market by Country
6.4.1.4 LAMEA Corn Starch Market by Country
6.4.1.5 LAMEA Corn Meal/Flakes/Grits Market by Country
6.4.1.6 LAMEA Corn Flour Market by Country
6.4.1.7 LAMEA Others Market by Country
6.4.2 LAMEA Corn And Corn Starch Derivatives Market by Application
6.4.2.1 LAMEA Food & Beverage Market by Country
6.4.2.2 LAMEA Textiles Market by Country
6.4.2.3 LAMEA Pharmaceutical Market by Country
6.4.2.4 LAMEA Paper & Board Market by Country
6.4.2.5 LAMEA Animal Feed Market by Country
6.4.2.6 LAMEA Others Market by Country
6.4.3 LAMEA Corn And Corn Starch Derivatives Market by Country
6.4.3.1 Brazil Corn And Corn Starch Derivatives Market
6.4.3.1.1 Brazil Corn And Corn Starch Derivatives Market by Product
6.4.3.1.2 Brazil Corn And Corn Starch Derivatives Market by Application
6.4.3.2 Argentina Corn And Corn Starch Derivatives Market
6.4.3.2.1 Argentina Corn And Corn Starch Derivatives Market by Product
6.4.3.2.2 Argentina Corn And Corn Starch Derivatives Market by Application
6.4.3.3 UAE Corn And Corn Starch Derivatives Market
6.4.3.3.1 UAE Corn And Corn Starch Derivatives Market by Product
6.4.3.3.2 UAE Corn And Corn Starch Derivatives Market by Application
6.4.3.4 Saudi Arabia Corn And Corn Starch Derivatives Market
6.4.3.4.1 Saudi Arabia Corn And Corn Starch Derivatives Market by Product
6.4.3.4.2 Saudi Arabia Corn And Corn Starch Derivatives Market by Application
6.4.3.5 South Africa Corn And Corn Starch Derivatives Market
6.4.3.5.1 South Africa Corn And Corn Starch Derivatives Market by Product
6.4.3.5.2 South Africa Corn And Corn Starch Derivatives Market by Application
6.4.3.6 Nigeria Corn And Corn Starch Derivatives Market
6.4.3.6.1 Nigeria Corn And Corn Starch Derivatives Market by Product
6.4.3.6.2 Nigeria Corn And Corn Starch Derivatives Market by Application
6.4.3.7 Rest of LAMEA Corn And Corn Starch Derivatives Market
6.4.3.7.1 Rest of LAMEA Corn And Corn Starch Derivatives Market by Product
6.4.3.7.2 Rest of LAMEA Corn And Corn Starch Derivatives Market by Application

Chapter 7. Company Profiles
7.1 Archer-Daniels-Midland Company
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.1 Geographical Expansions
7.2 Ingredion Incorporated
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.3 Tate & Lyle PLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental Analysis
7.3.4 Research & Development Expense
7.4 AGRANA Beteiligungs-AG
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.5 Ashland, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.6 Wacker Chemie AG
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.7 Cargill, Incorporated
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Geographical Expansions:
7.8 Roquette Freres SA
7.8.1 Company Overview

Companies Mentioned

  • Archer-Daniels-Midland Company
  • Ingredion Incorporated
  • Tate & Lyle PLC
  • AGRANA Beteiligungs-AG
  • Ashland, Inc.
  • Wacker Chemie AG
  • Cargill, Incorporated
  • Roquette Freres SA

Methodology

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Table Information