The Global Corn Starch Market will reach US$ 25.65 Billion by 2027. Corn is the most typical raw material used to make starch and starch derivatives worldwide, and corn starch accounts for a large portion of the starch market compared to starch made from rice, potato, cassava, and other sources. Corn starch comes in two different forms: liquid and powder. Surprisingly, the rising demand for convenience foods has forced the greater use of corn starch and derivatives in recent years.Global Corn Starch Industry reached a market of US$ 18.55 Million in 2021
Trends Shaping the Corn Starch Market Size Worldwide
Corn starch market expansion is aided by consumer preference for organic and clean-label products. As the demand for clean-label and organic products among health-conscious consumer grows, manufacturers are launching a slew of new products to capitalize on the rising market. Corn starch is also gaining popularity as a low-cost, environment friendly alternative to food processors. The Global Corn Starch Industry is expanding at a CAGR of 5.55% from 2021 to 2027.Boost in Global Corn Starch Market size amid COVID-19 Pandemic
During the lockdown scenario, corn starch production and sales increased during the COVID-19 Pandemic, increasing demand for naturally-derived corn starch ingredients across the food processing industry due to increased interest in ready-to-cook products and components required for in-home cooking. Furthermore, due to the Pandemic, there has been an increase in demand for corn starch as a clean-label product. Remarkably, the Global Corn Starch Industry reached a market of US$ 18.55 Billion in 2021.Corn Starch Are Increasingly Utilized in Food and Beverages Worldwide
Because of its wide range of end uses in food and beverage, animal feed, and paper and board, the corn starch market is likely to grow at a high rate. Corn starch is rapidly being used as a culinary additive in various applications, including thickening sauces, molding gums, and binding baking components. Starches with such beneficial qualities are helping to drive the market forward. Furthermore, modified starches' functional superiority has significantly broadened their use spectrum across various applications.The Sweetener Type Segment is Anticipated to Hold the Dominant Share in the Corn Starch Market
The sweetener sub-segment is likely maintain its dominance in the type segment over the predicted years. This is due to increased awareness about sweeteners in most parts of the world. Most food manufacturers employ sweeteners generated from this product because they are cost-effective.North America holds the Largest Market Share
We have studied the market of corn starch in North America, Europe, Asia-Pacific, and the rest of the world in our report by region. According to our estimates, North America will continue to dominate the corn starch market throughout the projection period. The United States is the world's most significant producer of corn and its derivatives. One of the factors contributing to the market's growth in the North American area is an increase in the consumption of convenience foods and RTE snacks. Similarly, due to the rising demand for bakery and snack goods, the Asia Pacific area is expected to rise rapidly during the projection period.Key Players in the Global Corn Starch Market
Globally, to meet the increased demand from end-user sectors, producers worldwide are focusing on improving the functionality of corn starch ingredients. Cargill Inc, Ingredion Inc, Archer Daniels Midland Company, Tate and Lyle, Atlia Group, Tereos Group, Sudzucker AG, and Global Bio-Chem Technology Group Company Limited are companies that make up the Global Bio-Chem Technology Group. These businesses have engaged in capacity growth and research and development to provide new product options for an expanding market.The report titled “Corn Starch Market, & Forecast, by type (Native, Modified, Sweeteners), Region ( North America, Europe, Asia Pacific, ROW), End Use (Food and beverage, Animal feed, Paper and Board and Others),Form (Liquid and Powder), Companies (Cargill Inc, Ingredion Inc, Archer Daniels Midland Company, Tate and Lyle, Atlia Group, Tereos Group, Sudzucker AG and Global Bio-Chem Technology Group Company Limited)” studies the Global Corn Starch Industry and volume in-depth and provides an all-encompassing analysis.
By Type the market has been covered from 3 viewpoints
1. Native2. Modified
3. Sweeteners
By Region the market has been covered from 4 viewpoints
1. North America2. Europe
3. Asia Pacific
4. Rest of the World
End Use the market has been covered from 4 viewpoints
1. Food and Beverage2. Animal Feed
3. Paper and Board
4. Others
By Form the market has been covered from 2 viewpoints
1. Liquid2. Powder
Processing process has been studied from 2 viewpoints
1. Starch Value Chain2. Corn Starch Production Process
Company Insights
- Business overview
- Recent Development
- Sales Analysis
Key Players Analysis
1. Cargill Inc2. Ingredion Inc
3. Archer Daniels Midland Company
4. Tate and Lyle
5. Atlia Group
6. Tereos Group
7. Sudzucker AG
8. Global Bio-Chem Technology Group Company Limited
Table of Contents
Companies Mentioned
- Cargill Inc
- Ingredion Inc
- Archer Daniels Midland Company
- Tate and Lyle
- Atlia Group
- Tereos Group
- Sudzucker AG
- Global Bio-Chem Technology Group Company Limited
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 | 125 |
| Published | September 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 18.55 Billion |
| Forecasted Market Value ( USD | $ 25.65 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
