Global Corn Starch Market
The global Corn Starch market was valued at USD 16,350.40 Mn in 2020 which expected to reach USD 26,500.55 Mn by 2027 at a CAGR 6.65% from 2020-2027.
Corn starch, also known as corn flour or maize starch, is made from corn by wet milling, steeping, grinding, purifying, and drying the grain. Corn starch is used as a common food ingredient all over the world. It's also widely used in the packaged food and food processing industries. Maize starch, which is extracted from the kernel of corn, gives food products like microwaveable foods, canned chilled frozen extruded snacks, and dry mixes a better texture, viscosity, and other desirable properties.
Market Drivers
Expanding F&B industry.
Population expansion and industrial development of a country, specifically food and beverage, textiles, paper and printing, pharmaceuticals and other health and beauty products, and adhesives, are major factors influencing starch demand. To satisfy increased demand from end-user industries, producers are focusing on improving the functionality of corn starch ingredients.
AGRANA – Beteiligungs AG, Archer-Daniels Midland Company, Ingredion Incorporated, Tate and Lyle Plc, Cargill Incorporated These companies have engaged in capacity growth and R&D in order to provide new product varieties for an expanding market..
Market Restraints
The availability of a variety of substitutes such as pea starch and rice starch, as well as increased consumer concern about the negative effects of a starch-rich diet, are the key limitations for the corn starch industry. On the contrary, resistant corn starch is becoming more popular.
Arrowroot starch is very similar to maize starch and has similar properties, such as thickening dishes at considerably lower temperatures than other starches. Potato and tapioca starches could also be regarded as corn starch alternatives.
COVID-19 Impact on the Corn Starch Market
The coronavirus pandemic, which is expected to halt manufacturing of many products and disrupt supply chains in 2020, is expected to have a limited influence on the overall corn starch market expansion. The closure of paper mills has significantly lowered demand for the product across the sector, while rising demand from the F&B business will boost market share in 2021 and beyond.
Market Segmentation
The Global Corn Starch Market is segmented into Types, Application. By Types such as Native Starch, Modified Starch, Sweeteners. Further, market is segmented into By Application such as Food & Beverages, Animal Feed, Pharmaceuticals, Textile, Paper and Corrugated, Others.
Regional Analysis
Global Corn Starch Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to have the highest CAGR. The United States is the world's largest producer of corn and corn derivatives. One of the factors contributing to the market's growth is an increase in the consumption of convenience foods and RTE snacks. Due to rising demand for bakery and snack products, the Asia Pacific region is expected to grow rapidly during the forecast period.
Key Players
Various key players are listed in this report such as Cargill Incorporated, Ingredion, Archer Daniels Midland Company, Tate & Lyle, Roquette, Sudzucker, Associated British Foods plc, Akzo Nobel NV, Bayer AG
Market Taxonomy
By Types
By Application
By Region
Key Questions Addressed by the Report
Global Corn Starch Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Corn Starch Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Corn Starch Market, By Types
5.1 Y-o-Y Growth Comparison, By Types
5.2 Global Corn Starch Market Share Analysis, By Types
5.3 Global Corn Starch Market Size and Forecast, By Types
5.3.1 Native Starch
5.3.2 Modified Starch
5.3.3 Sweeteners
6 Global Corn Starch Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Corn Starch Market Share Analysis, By Application
6.3 Global Corn Starch Market Size and Forecast, By Application
6.3. 1 Food & Beverages
6.3.2 Animal Feed
6.3.3 Pharmaceuticals
6.3.4 Textile
6.3.5 Paper and Corrugated
6.3.6 Others
7 Global Corn Starch Market, By Region
7.1 Global Corn Starch Market Share Analysis, By Region
7.2 Global Corn Starch Market Share Analysis, By Region
7.3 Global Corn Starch Market Size and Forecast, By Region
8 North America Corn Starch Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Corn Starch Market Share Analysis, By Types
8.3 North America Corn Starch Market Size and Forecast, By Application
8.4 North America Corn Starch Market Size and Forecast, By Country
8.5.1 U.S.
8.6.2 Canada
9.7.3 Mexico
9 Europe Corn Starch Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Corn Starch Market Share Analysis, By Types
9.3 Europe Corn Starch Market Size and Forecast, By Application
9.4 Europe Corn Starch Market Size and Forecast, By Country
9.5.1 Germany
9.6.2 France
9.7.3 UK
9.8.4. Rest of Europe
10 Asia Pacific Corn Starch Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Corn Starch Market Share Analysis, By Types
10.3 Asia Pacific Corn Starch Market Size and Forecast, By Application
10.4 Asia Pacific Corn Starch Market Size and Forecast, By Country
10.5.1 China
10.6.2 Japan
10.7.3 India
10.8.4. Rest of Asia Pacific
11 Latin America Corn Starch Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Corn Starch Market Share Analysis, By Types
11.3 Latin America Corn Starch Market Size and Forecast, By Application
11.4 Latin America Corn Starch Market Size and Forecast, Country
11.5.1. Brazil
11.6.2. Rest of Latin America
12 Middle East Corn Starch Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Corn Starch Market Share Analysis, By Types
12.3 Middle East Corn Starch Market Size and Forecast, By Application
12.4 Middle East Corn Starch Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.6.2. UAE
12.7.3. Egypt
12.8.4. Kuwait
12.9.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Cargill Incorporated
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Ingredion
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Archer Daniels Midland Company
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Tate & Lyle
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Roquette
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Sudzucker
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Associated British Foods plc
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Akzo Nobel NV
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Bayer AG
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
