It is projected that the corn starch industry would reach US$ 40.64 billion by 2032. Corn starch is expected to grow at a compound annual growth rate (CAGR) of 7.94% from 2024 to 2032, with a market value of US$ 20.43 billion in 2023.
The endosperm of maize kernels produces colorless, odorless, and tasteless corn starch. This starch is widely used in many different sectors, including paper, textiles, food and beverage, corrugated cardboard, medicines, and animal feed. Modified and native corn starch are the two primary varieties. Current procedures do not modify natural maize starch, either chemically or physically. On the other hand, modified corn starch undergoes treatments with acids, enzymes, or other materials to improve its useful properties, including shelf life, viscosity, stability, and the temperature at which gelatinization takes place.
The corn starch market provides various opportunities for enhancing its thriving capacity. These include innovation in product improvement, growth into emerging markets like the Asia-Pacific, growing demand for sweeteners derived from corn starch, and diversification into new applications together with biodegradable plastics. Product improvement innovation includes creating new diversities of modified starches with stronger functionality, such as enhanced viscosity, lower gelatinization temperature, exceptional balance, and prolonged shelf life. Expanding into rising markets entails getting into areas with increasing demand for food, feed, prescribed drugs, textiles, and paper products. The growing demand for sweeteners derived from corn starch includes generating high fructose corn syrup, broadly used in liquids, baked goods, and confectionery. Diversifying into new applications involves exploring alternative uses for corn starch, including producing biodegradable plastics as environmentally pleasant substitutes for traditional plastics.
According to the Gluten-Free Certification Organization (GFCO), the gluten-free market is projected to surge, accomplishing a predicted value of US$ 14 Billion via 2032 on a worldwide scale. In 2022, the GFCO identified 9,300 products and 800 brands worldwide. This upward trajectory inside the gluten free market growth is attributed to the rising consumption of gluten-free products, therefore using growth within the corn starch market in the upcoming years.
In June 2023, Renewal Mill released Upcycled White Corn Flour, its 1/3 Upcycled Certified aspect, derived from the byproduct of cornmeal milling. This addition expands Renewal Mill's variety of gluten-free, nutrient-wealthy upcycled flours, complementing offerings like Organic Okara Flour from soy milk production byproducts and Oat Protein from oat milk production byproducts.
In Nov 2022, Novozymes unveiled their enzymatic corn separation solution, Frontia Fiberwash. This enzyme transforms the market through allowing starch producers to boost performance in their corn mills beyond what mechanical separations can gain alone. This enzyme allows stepped forward starch yield, reduced energy expenses, and a more favorable CO2 footprint for plants. With these advancements, common corn starch yield within the industry has improved, leading to heightened international production and distribution.
In Jan 2022, DFE Pharma delivered three starch-based excipients to its nutraceutical lineup. These merchandises include Nutroféli ST100, a native maize starch; Nutroféli ST200, a partially pre-gelatinized maize starch; and Nutroféli ST300, a fully gelatinized maize starch.
Innovative starch-primarily based snacks are growing, with unique flavors and textures rising in extruded and puffed potato chips. Mobile apps and systems committed to starch-based cooking tutorials are proliferating, making various recipes reachable to domestic chefs. China largest producer and purchaser of rice globally, rice starch holds a tremendous proportion of the starch market. The country speedy urbanization has spurred demand for processed meals, which includes convenience foods like frozen dumplings and steamed buns, which depend on starch-based dough.
Starchy substances are also finding their manner into conventional Chinese medication formulations, increasing the scope of starch in healthcare. As purchaser possibilities evolve, starch plays an important position in processed meals, snacks, and baked items throughout Asia, reflecting the place's various culinary heritage and the cultural importance of staples like rice and noodles in daily diets and festive celebrations.
May 2022 - ADM invested in the starch manufacturing plant's infrastructure to boom output. The commercial industry improved its facility in Marshall, Minnesota, to meet developing demand.
Sept 2022 - Cargill opened a new corn moist mill in Indonesia to fulfill the growing demand for starch, sweeteners, and feed in Asia.
In Sept 2022 - Ingredion Incorporated opened a brand new eco-friendly starch production facility in China, geared up with advanced era to make sure sustainability.
April 2021 - The United States Grains Council partnered with an Egyptian corn starch production employer to streamline operations and growth profitability.
2. Modified
3. Sweeteners
2. Liquid
2. Animal feed
3. Paper and Board
4. Others
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
2. Ingredion Inc.
3. Archer Daniels Midland Company
4. Tate and Lyle
5. Associated British Foods plc
6. Tereos Group
7. Sudzucker AG
8. Global Bio-Chem Technology Group Company Ltd.
The endosperm of maize kernels produces colorless, odorless, and tasteless corn starch. This starch is widely used in many different sectors, including paper, textiles, food and beverage, corrugated cardboard, medicines, and animal feed. Modified and native corn starch are the two primary varieties. Current procedures do not modify natural maize starch, either chemically or physically. On the other hand, modified corn starch undergoes treatments with acids, enzymes, or other materials to improve its useful properties, including shelf life, viscosity, stability, and the temperature at which gelatinization takes place.
The corn starch market provides various opportunities for enhancing its thriving capacity. These include innovation in product improvement, growth into emerging markets like the Asia-Pacific, growing demand for sweeteners derived from corn starch, and diversification into new applications together with biodegradable plastics. Product improvement innovation includes creating new diversities of modified starches with stronger functionality, such as enhanced viscosity, lower gelatinization temperature, exceptional balance, and prolonged shelf life. Expanding into rising markets entails getting into areas with increasing demand for food, feed, prescribed drugs, textiles, and paper products. The growing demand for sweeteners derived from corn starch includes generating high fructose corn syrup, broadly used in liquids, baked goods, and confectionery. Diversifying into new applications involves exploring alternative uses for corn starch, including producing biodegradable plastics as environmentally pleasant substitutes for traditional plastics.
According to the Gluten-Free Certification Organization (GFCO), the gluten-free market is projected to surge, accomplishing a predicted value of US$ 14 Billion via 2032 on a worldwide scale. In 2022, the GFCO identified 9,300 products and 800 brands worldwide. This upward trajectory inside the gluten free market growth is attributed to the rising consumption of gluten-free products, therefore using growth within the corn starch market in the upcoming years.
New Corn Starch Product Launches
In Feb 2024, Ingredion Inc. brought Novation Indulge 2940 starch to expand its range of clean-label texturizers providing non-GMO purposeful native corn starch.In June 2023, Renewal Mill released Upcycled White Corn Flour, its 1/3 Upcycled Certified aspect, derived from the byproduct of cornmeal milling. This addition expands Renewal Mill's variety of gluten-free, nutrient-wealthy upcycled flours, complementing offerings like Organic Okara Flour from soy milk production byproducts and Oat Protein from oat milk production byproducts.
In Nov 2022, Novozymes unveiled their enzymatic corn separation solution, Frontia Fiberwash. This enzyme transforms the market through allowing starch producers to boost performance in their corn mills beyond what mechanical separations can gain alone. This enzyme allows stepped forward starch yield, reduced energy expenses, and a more favorable CO2 footprint for plants. With these advancements, common corn starch yield within the industry has improved, leading to heightened international production and distribution.
In Jan 2022, DFE Pharma delivered three starch-based excipients to its nutraceutical lineup. These merchandises include Nutroféli ST100, a native maize starch; Nutroféli ST200, a partially pre-gelatinized maize starch; and Nutroféli ST300, a fully gelatinized maize starch.
Asia Pacific Corn Starch Industry
The burgeoning interest in plant-based diets is reshaping the starch market, with starches finding use in formulating plant based meat substitutes, dairy free products, and vegan meals. Consumers inside the Asia-Pacific region, more and more favoring smooth-label and herbal meals alternatives, are propelling the demand for natural and modified starches perceived as wholesome. Simultaneously, the gluten free trend, driven by using worries like gluten sensitivities and celiac disease, is gaining traction.Innovative starch-primarily based snacks are growing, with unique flavors and textures rising in extruded and puffed potato chips. Mobile apps and systems committed to starch-based cooking tutorials are proliferating, making various recipes reachable to domestic chefs. China largest producer and purchaser of rice globally, rice starch holds a tremendous proportion of the starch market. The country speedy urbanization has spurred demand for processed meals, which includes convenience foods like frozen dumplings and steamed buns, which depend on starch-based dough.
Starchy substances are also finding their manner into conventional Chinese medication formulations, increasing the scope of starch in healthcare. As purchaser possibilities evolve, starch plays an important position in processed meals, snacks, and baked items throughout Asia, reflecting the place's various culinary heritage and the cultural importance of staples like rice and noodles in daily diets and festive celebrations.
Corn Starch Market Company Overview
The prominent companies in the corn starch market are Cargill Inc., Ingredion Inc., Archer Daniels Midland Company, Tate and Lyle, Associated British Foods percent, Tereos Group, Sudzucker AG, and Global Bio-Chem Technology Group Company Ltd.Corn Starch Market Company News
Jan 2022 - DFE Pharma added three starch-primarily based excipients to its dietary dietary supplements line, inclusive of local maize starch, partially pre-gelatinized starch, and fully gelatinized starch, all of which fall beneath the Nuroféli logo.May 2022 - ADM invested in the starch manufacturing plant's infrastructure to boom output. The commercial industry improved its facility in Marshall, Minnesota, to meet developing demand.
Sept 2022 - Cargill opened a new corn moist mill in Indonesia to fulfill the growing demand for starch, sweeteners, and feed in Asia.
In Sept 2022 - Ingredion Incorporated opened a brand new eco-friendly starch production facility in China, geared up with advanced era to make sure sustainability.
April 2021 - The United States Grains Council partnered with an Egyptian corn starch production employer to streamline operations and growth profitability.
Type - Global Corn Starch Market breakup in 3 viewpoints:
1. Native2. Modified
3. Sweeteners
Form - Global Corn Starch Market breakup in 2 viewpoints:
1. Powder2. Liquid
End-User - Global Corn Starch Market breakup in 4 viewpoints:
1. Food and beverage2. Animal feed
3. Paper and Board
4. Others
Country - Global Corn Starch Market breakup of 25 Countries:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
All the key players have been covered from 3 viewpoints:
- Overview
- Recent Developments
- Revenue Analysis
Company Analysis:
1. Cargill Inc.2. Ingredion Inc.
3. Archer Daniels Midland Company
4. Tate and Lyle
5. Associated British Foods plc
6. Tereos Group
7. Sudzucker AG
8. Global Bio-Chem Technology Group Company Ltd.
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary5. Global Corn Starch Market
4. Market Dynamics
6. Market Share - Global Corn Starch Analysis
7. Type - Global Corn Starch Market
8. Form - Global Corn Starch Market
9. End Use - Global Corn Starch Market
10. Countries - Global Corn Starch Market
11. Porter’s Five Forces Analysis - Global Corn Starch Market
12. SWOT Analysis - Global Corn Starch Market
13. Key Players Analysis
List of Figures
List of Tables
Companies Mentioned
- Cargill Inc.
- Ingredion Inc.
- Archer Daniels Midland Company
- Tate and Lyle
- Associated British Foods plc
- Tereos Group
- Sudzucker AG
- Global Bio-Chem Technology Group Company Ltd.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 20.43 Billion |
| Forecasted Market Value ( USD | $ 40.64 Billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
