Global Corn Starch Market Size To Worth USD 46.52 Billion by 2033 | CAGR of 7.77%
Category: Food & BeveragesGlobal Corn Starch Market Size To Worth USD 46.52 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Corn Starch Market Size is Expected to Grow from USD 22.02 Billion in 2023 to USD 46.52 Billion by 2033, at a CAGR of 7.77% during the forecast period 2023-2033.
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Browse key industry insights spread across 175 pages with 110 Market data tables and figures & charts from the report on the "Global Corn Starch Market Size, Share, and COVID-19 Impact Analysis, By Type (Native Starch, Modified Starch, and Sweeteners), By Application (Food & Beverages, Animal Feed, Pharmaceuticals & Chemicals, Textile, Paper & Corrugates, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033. Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/corn-starch-market
Corn is crushed, steeped, ground, purified, and dried to generate corn starch, referred to as maize starch and corn flour. The corn starch is a staple food ingredient. Moreover, the food processing and packaged food sectors make extensive use of it. Extracted from the corn kernel, corn starch a variety of food products, including microwaveable products, canned, chilled, frozen, extruded snacks, and dry mixes, with better texture, viscosity, and other desirable qualities. Customers' increasing need for confections and ready-to-eat foods fuels the market's expansion due to corn starch is a common ingredient in many culinary products. The need for natural and less processed ingredients is driving the corn starch market. The need for corn starch is rising as a result of emerging countries' rapid economic growth. Due to the rise in global trade and crop productivity, corn is a plentiful crop in nature. The broader market is growing as a result of the cheaper prices of corn and its derivatives, which are increasing consumption and exports to other nations. However, the growth of the corn starch market can be restricted by ignorance regarding the proper consumption.
The sweeteners segment is predicted to hold the greatest market share through the forecast period.
Based on the type, the corn starch market is classified into native starch, modified starch, and sweeteners. Among these, the sweeteners segment is predicted to hold the greatest market share through the forecast period. Corn starch-based sweeteners can be found in a variety of edible products, such as processed foods, baked goods, cereals, soft drinks, and condiments. They are in great demand as an ingredient in the food sector due to their broad application.
The food & beverages segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the application, the corn starch market is divided into food & beverages, animal feed, pharmaceuticals & chemicals, textiles, paper & corrugates, and others. Among these, the food & beverages segment is anticipated to hold the greatest market share during the projected timeframe. In the food and beverage market, maize starch is frequently used to give dishes like puddings and gravies the right consistency. It can also produce silky, creamy textures in sauces, soups, and desserts.
North America is estimated to hold the largest share of the corn starch market over the forecast period.
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North America is estimated to hold the largest share of the corn starch market over the forecast period. North America continues to dominate the global market for maize starch due to its sophisticated manufacturing capabilities, well-established infrastructure, and robust consumer demand. Previous corporate strategy moves provide evidence of this dominance. The competitive advantage and commitment of North America in the corn starch sector.
Asia Pacific is predicted to have the highest CAGR growth in the corn starch market over the forecast period. The Asia Pacific is due to the region's robust economic growth, rising food and beverage consumption, and expanding demand from a range of industrial uses.
Major key players in the corn starch market include DFE Pharma, Ingredion Incorporated, Tate and Lyle Plc, Cargill Incorporated, AGRANA Beteiligungs AG, Archer-Daniels-Midland Company, Tereos Syral S.A.S, Associated British Foods plc, Roquette Frères S.A., Kent Corporation, and Others.
Recent Development
- In February 2024, Eliminating NOVATION Indulge 2940 starch, a new addition to their clean label texturizer line that offers the first non-GMO functional native corn starch, Ingredion Incorporated, a leading global supplier of specialty ingredient solutions to the food and beverage manufacturing industry, announced the launch. This new addition gives popular dairy and alternative dairy products and desserts a unique texture for gelling and co-texturizing.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the corn starch market based on the below-mentioned segments:
Global Corn Starch Market, By Type
- Native Starch
- Modified Starch
- Sweeteners
Global Corn Starch Market, By Application
- Food & Beverages
- Animal Feed
- Pharmaceuticals & Chemicals
- Textile
- Paper & Corrugates
- Others
Global Corn Starch Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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