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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Corn Starch Market Analysis
The global corn starch market is being driven by the high rate of corn production, globally. The industry is being aided by its growing application in the food industry. It is widely used as a thickener in food items like gravies, soups, and sauces. It also finds applications as a coating in deep-fried food to give them a crispy texture, and in baked goods to provide them with moisture and fullness. Being gluten-free, it is unaffected by the shift towards gluten-free products. The steady growth of the bakery industry is also aiding the growth of the product in the food sector. In 2018, the global bakery industry attained a value of USD 482 billion. The US, which is a leading corn starch market, is also a significant bakery market thus aiding the industry. Sweeteners represent one of the major categories of corn starch, which is expected to see a healthy growth in the coming years.
This industry is also being driven by its rising application in the non-food sectors like the textile and paper industries. The increase in the consumption of paper in countries like China, the US, and Japan, is further propelling the industry forward. It is also widely used in the manufacture of latex materials like gloves and diaphragms. The rising demand for the product in the biofuels sectors is projected to drive the market growth in the coming few years. Growing population and rapid urbanisation are also providing impetus to the global industry growth.
Corn Starch Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global corn starch market attained a volume of approximately 87.15 million tons.
The market is projected to grow at a CAGR of 2.7% between 2024 and 2032.
The market is estimated to grow in the forecast period of 2024-2032 to reach about 110.77 million tons by 2032.
The major drivers of the market include growing production of corn, increasing demand in the food industry, growing consumption of processed food products, rising demand in textiles and paper industry, rising disposable incomes, and rapid urbanisation, are expected to aid the market growth.
The increasing demand for corn starch to prepare biofuels is the key trend guiding the growth of the corn starch market.
The major regional markets are North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.
Native starch, modified starch, and sweeteners are the major type of corn starch in the market.
The significant applications of corn starch are food and beverages, animal feed, pharmaceuticals and chemicals, textile, and paper and corrugates, among others.
The major players in the market are Cargill, Incorporated., Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, Roquette Frères S.A., Tereos SA, AGRANA Beteiligungs-AG, Grain Processing Corporation, HL Agro Products Pvt. Ltd., and Associated British Foods plc, among others.
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