Global Corn Modified Starch Market – Industry Trends and Forecast to 2029

Corn Modified Starch Market Analysis and Size

With rising demand for processed foods, the modified starch market is expected to expand steadily in the coming years. Modified starch adds functional properties such as texture, flavour, and thickness to processed foods while also extending their shelf life.

Data Bridge Market Research analyses that the corn modified starch market which was valued at USD 12.7 billion in 2021 and is expected to reach the value of USD 27.42 billion by 2029, at a CAGR of 10.10% 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 Modified Starch Market Scope and Segmentation

Market Definition

Corn starch, also known as corn flour and maize starch, is made from corn by wet milling, steeping, grinding, purifying, and drying. Corn starch is widely used as a staple food ingredient 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 Modified Starch Market Dynamics

Drivers

• Government initiatives for maximum crop yields and collaborations among players will further augment market growth

The government is taking appropriate measures to control and maintain the maximum output from agricultural farmlands, which is an important factor influencing the growth of the modified starch market. The increased consumption of processed foods and the use of modified starch as a thickener, texture agent, fat replacer, and emulsifier in convenience foods are the major factors driving the growth of the modified starch market. Contract manufacturers benefit from the collaboration of small-scale mill owners and large-scale manufacturers. Increased

Rapid expansion of market due 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 customer ads to the market growth as corn modified starch is a major ingredient used in number of food products. Growing demand from pharmaceutical as well as adhesive paper industry has resulted in market expansion. Rising cases of obesity in the region has shifted the consumer preference for artificial thickeners which in turns led to the market growth.

Opportunity

Growing research and development activities for product innovation is creating ample of opportunities to the market along with growing market players in the region will provide a stronghold to the corn modified 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 modified 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 modified 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 Modified 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

• Henan Doing Mechanical Equipment Co., Ltd displayed their Corn processing machines at the China Commodities Expo-Global 2019 in Lagos, Global in November 2019. The company introduced new production technology, Corn processing machines with new designs, and other product offerings. The company is expanding its operations in Global as a result of increased demand for Corn starch in the Globaln market.
• ADM partnered with Vedan International Limited in July 2018 to introduce new tapioca starches and tapioca maltodextrin ingredients. Tapioca starches are derived from Corn starches, which are produced to meet the demand of customers who prefer plant-based starches. The company expanded their product portfolio, which enabled them to expand their customer base that required plant-based starches.

Global Corn Modified Starch Market Scope

The corn modified starch market is segmented on the basis of product, material, function and end-use. 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.

Product

• Starch Esters and Ethers
• Resistant
• Cationic
• Pre-gelatinized

Material

• Corn
• Cassava
• Potato
• Wheat
• Others

Application

• Food and Beverages
• Animal Feed
• Pharmaceuticals & Chemicals
• Textile
• Paper-making
• Weaving
• Others

Function

• Stabilizers
• Thickeners
• Emulsifiers
• Binders
• Others

Corn Modified Starch Market Regional Analysis/Insights

The corn modified starch market is analysed and market size insights and trends are provided by country, product, material, function and end-use as referenced above.

The countries covered in the global corn modified 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 was the most important region in the corn modified starch market, and it is expected to grow rapidly during the forecast period. This is due to the fact that high economic growth in Asia-Pacific countries has influenced consumer lifestyles and consumption patterns. People in this region have begun to consume more packaged food and beverages, which has increased demand for corn starch products over time. However, due to the presence of a large number of local players in the region, North America is expected to grow at a consistent rate throughout the forecast period.

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 Modified Starch Market Share Analysis

The corn modified 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 modified starch market.

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

• AVEBE (Netherlands)
• Japan Corn Starch (Japan)
• Sanwa Starch Co., Ltd. (Japan)
• COFCO International (China)
• Agrana Beteiligungs-AG (Austria)
• Spac Starch Products (India)
• Tate and Lyle (U.K.)
• Penford Food Ingredients (PFI) (U.S.)
• Ingredion (U.S.)
• Nihon Shokuhin Kako (Japan)
• Luzhou Group (China)
• Cargill Incorporated(U.S.)
• Roquette Freres (France)
• Gea Group Aktiengesellschaft (Germany)

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