Global Corn Starch Market – Industry Trends and Forecast to 2029

Global Corn starch Market, By Type (Native Starch, Modified Starch, Sweeteners, Others), Application (Food and Beverages, Animal Feed, Pharmaceuticals & Chemicals, Textile, Paper & Board, Others), – Industry Trends and Forecast to 2029

Corn Starch Market Analysis and Size

Starches were previously primarily used in food applications. Still, due to its ease of availability, it is now also being used in non-food applications such as the production of pharmaceuticals, adhesives, and papers.

Data Bridge Market Research analyses that the corn starch market which was valued at USD 17.96 million in 2021 and is expected to reach the value of USD 34.75 million by 2029, at a CAGR of 8.6% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Corn Starch Market Scope and Segmentation

Market Definition

Corn starch, also known as corn flour and maize starch, is produced from corn through a process of wet milling, steeping, grinding, purifying, and drying. Corn starch is a common food ingredient used all over the world. Furthermore, it is widely used in the packaged food and food processing industries. Maize starch, extracted from the kernel of corn, adds superior texture, viscosity, and other desirable properties to a wide range of food products, from microwaveable goods to canned chilled frozen extruded snacks and dry mixes.

Corn Starch Market Dynamics

Drivers

• Abundance of corn and corn derivatives in global market

Corns are abundantly found in nature due to increased crop production and rising international trade worldwide. The increased availability of corn and corn derivatives at lower prices is increasing the consumption in the global market and export to other countries, driving overall market growth.

• Rapid expansion of market due to its demand from various applications

Rising technological advancement and modernisation has resulted in advanced product innovations and diversification in various applications which directly impacts the market growth. Growing demand for confectionaries and ready-to-eat items among customers adds to the market growth as corn starch is a major ingredient used in many food products. Growing demand from pharmaceutical and adhesive paper industries has resulted in market expansion. Rising cases of obesity in the region has shifted the consumer preference for artificial thickeners, leading to market growth.

Opportunity

Growing research and development activities for product innovation creates ample market opportunities. Growing market players in the region will provide a stronghold to the corn starch market growth.

Restraints

Lack of knowledge about consumption of adequate amount of corn starch can hamper market growth. Fluctuation in raw materials as well as scarcity of labour can challenge market growth in the near future. 

This corn starch market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the corn starch market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Corn Starch Market

The pandemic has had an impact on every sector of the economy. During the first wave, the protein-based fat replacer market had taken a hard hit. During that time, most manufacturers experienced sluggish deals. The pandemic had compelled consumers to increase their consumption of health-promoting products. The awareness and demand for protein-based fat substitutes began to grow, and it has since become a critical result of the fat substitutes market. After the pandemic era, this market is expected to be on track.

Recent Development

• In November 2019, Henan Doing Mechanical Equipment Co., Ltd displayed their corn processing machines at the China Commodities Expo-Global 2019 in Lagos, Global. The company introduced new production technology, Corn processing machines with new designs, and other product offerings. The company is expanding its operations as a result of increased demand for corn starch market.

Global Corn Starch Market Scope

The corn starch market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

• Food and Beverages
• Animal Feed
• Pharmaceuticals & Chemicals
• Textile
• Paper & Board
• Others

Type

• Native Starch
• Modified Starch
• Sweeteners
• Others

Corn Starch Market Regional Analysis/Insights

The corn starch market is analysed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the corn starch market are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific region was the most important in the corn starch market, and it is expected to grow rapidly during the forecast period. This is because Asia-Pacific countries' rapid economic growth has influenced consumer lifestyles and consumption patterns. People in this region have started to consume more packaged foods and beverages, which has increased demand for corn starch products over time.

North America, on the other hand, is expected to grow at a consistent rate throughout the forecast period due to the presence of a large number of local players in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Corn Starch Market Share Analysis

The corn starch market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to corn starch market.

Some of the major players operating in the corn starch market are:

• Cargill, Incorporated (U.S)
• Dow (U.S.)
• BASF SE (Germany)
• Chr. Hansen Holding A/S (Denmark)
• DSM (Netherlands)
• DuPont (U.S.)
• Evonik Industries AG (Germany)
• NOVUS INTERNATIONAL (U.S.)
• Alltech (U.S.)
• Associated British Foods plc (U.K.)
• Charoen Pokphand Foods PCL (Thailand)
• Nutreco (Netherlands)
• ForFarmers. (Netherlands)
• De Heus Animal Nutrition (Netherlands)
• Land O'Lakes (U.S.)
• Kent Nutrition Group (U.S.)
• J. D. HEISKELL & CO. (U.S.)
• Perdue Farms (U.S.)
• SunOpta (Canada)
• Scratch Peck Feeds (U.S.)
• De Heus Animal Nutrition (Netherlands)
• MEGAMIX (Russia)
• Agrofeed (Hungary)