Corn Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Corn Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global corn starch market size reached 84.2 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 98.2 Million Tons by 2028, exhibiting a growth rate (CAGR) of 2.65% during 2023-2028.
Corn starch is a white, tasteless and odorless powder extracted from the white endosperm present in the middle of a corn kernel. It is gluten-free and considered an excellent alternative to flour thickeners in marinade, stew, sauce, gravy, glaze and soup recipes. It is widely utilized in the food and beverage (F&B) industry to coat fruits in pies, tarts and other desserts to add texture. It also finds applications in coating paper, producing boxboard and insulating material board. Other than this, it is employed in the pharmaceutical industry as a disintegrant and binder in tablets, emulsions and ointments.
Corn Starch Market Trends:
A significant rise in the utilization of corn starch as a thickening agent in various cuisines, along with the escalating demand for processed food products, represents one of the key factors bolstering the market growth. It is also utilized as an anti-caking agent wherein a thin layer of cornstarch is dusted to prevent shredded cheese from clumping in the package. Furthermore, it finds extensive applications in the textile industry to provide stiffness and add weight to clothes. It is also applied as an absorbent in several cosmetic products around the world. Apart from this, compostable and thermal insulation made using cornstarch-based foam is considered ideal for shipping temperature-sensitive products. Apart from this, with rising environmental concerns, bioplastics derived from corn starch are gaining traction over fossil fuel plastics. This, in confluence with the rising demand for oral pharmaceutical products on account of the growing prevalence of diseases and increasing access to healthcare facilities, is anticipated to drive the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global corn starch market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on category and application.
Breakup by Category:
Native Starch
Modified Starch
Sweeteners
Sweeteners currently hold the majority of the total market share.
Breakup by Application:
Food & Beverages
Animal Feed
Pharmaceuticals & Chemicals
Textile
Paper & Corrugates
Others
The Food and Beverages (F&B) sector accounts for the majority of the global market share.
Regional Insights:
United States
China
European Union
Others
The United States enjoys the leading position in the market.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:
Cargill, Incorporated
Archer Daniels Midland (ADM) Company
Ingredion Incorporated
Roquette Frères S.A
Tate & Lyle PLC
Key Questions Answered in This Report
1. What is the size of the global corn starch market in 2022?
2. What is the expected growth rate of the global corn starch market during 2023-2028?
3. What are the key factors driving the global corn starch market?
4. What has been the impact of COVID-19 on the global corn starch market?
5. What is the breakup of the global corn starch market based on the category?
6. What is the breakup of the global corn starch market based on the application?
7. What are the key regions in the global corn starch market?
8. Who are the key players/companies in the global corn starch market?
The global corn starch market size reached 84.2 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 98.2 Million Tons by 2028, exhibiting a growth rate (CAGR) of 2.65% during 2023-2028.
Corn starch is a white, tasteless and odorless powder extracted from the white endosperm present in the middle of a corn kernel. It is gluten-free and considered an excellent alternative to flour thickeners in marinade, stew, sauce, gravy, glaze and soup recipes. It is widely utilized in the food and beverage (F&B) industry to coat fruits in pies, tarts and other desserts to add texture. It also finds applications in coating paper, producing boxboard and insulating material board. Other than this, it is employed in the pharmaceutical industry as a disintegrant and binder in tablets, emulsions and ointments.
Corn Starch Market Trends:
A significant rise in the utilization of corn starch as a thickening agent in various cuisines, along with the escalating demand for processed food products, represents one of the key factors bolstering the market growth. It is also utilized as an anti-caking agent wherein a thin layer of cornstarch is dusted to prevent shredded cheese from clumping in the package. Furthermore, it finds extensive applications in the textile industry to provide stiffness and add weight to clothes. It is also applied as an absorbent in several cosmetic products around the world. Apart from this, compostable and thermal insulation made using cornstarch-based foam is considered ideal for shipping temperature-sensitive products. Apart from this, with rising environmental concerns, bioplastics derived from corn starch are gaining traction over fossil fuel plastics. This, in confluence with the rising demand for oral pharmaceutical products on account of the growing prevalence of diseases and increasing access to healthcare facilities, is anticipated to drive the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global corn starch market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on category and application.
Breakup by Category:
Native Starch
Modified Starch
Sweeteners
Sweeteners currently hold the majority of the total market share.
Breakup by Application:
Food & Beverages
Animal Feed
Pharmaceuticals & Chemicals
Textile
Paper & Corrugates
Others
The Food and Beverages (F&B) sector accounts for the majority of the global market share.
Regional Insights:
United States
China
European Union
Others
The United States enjoys the leading position in the market.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:
Cargill, Incorporated
Archer Daniels Midland (ADM) Company
Ingredion Incorporated
Roquette Frères S.A
Tate & Lyle PLC
Key Questions Answered in This Report
1. What is the size of the global corn starch market in 2022?
2. What is the expected growth rate of the global corn starch market during 2023-2028?
3. What are the key factors driving the global corn starch market?
4. What has been the impact of COVID-19 on the global corn starch market?
5. What is the breakup of the global corn starch market based on the category?
6. What is the breakup of the global corn starch market based on the application?
7. What are the key regions in the global corn starch market?
8. Who are the key players/companies in the global corn starch market?
Table of Contents
134 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Corn Industry
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Market Breakup by Region
- 5.4 Starch Market Breakup by Feedstock
- 5.5 Market Breakup by Application
- 5.6 Market Forecast
- 6 Global Corn Starch Market
- 6.1 Market Overview
- 6.2 Market Performance
- 6.2.1 Volume Trends
- 6.2.2 Value Trends
- 6.3 Impact of COVID-19
- 6.4 Price Analysis
- 6.4.1 Key Price Indicators
- 6.4.2 Price Structure
- 6.4.3 Price Trends
- 6.5 Market Breakup by Category
- 6.6 Market Breakup by Application
- 6.7 Market Breakup by Region
- 6.8 Market Forecast
- 6.9 SWOT Analysis
- 6.9.1 Overview
- 6.9.2 Strengths
- 6.9.3 Weaknesses
- 6.9.4 Opportunities
- 6.9.5 Threats
- 6.10 Value Chain Analysis
- 6.10.1 Raw Material Procurement
- 6.10.2 Manufacturing
- 6.10.3 Marketing
- 6.10.4 Distribution
- 6.10.5 Export
- 6.10.6 End-Use
- 6.11 Porter’s Five Forces Analysis
- 6.11.1 Overview
- 6.11.2 Bargaining Power of Buyers
- 6.11.3 Bargaining Power of Suppliers
- 6.11.4 Degree of Competition
- 6.11.5 Threat of New Entrants
- 6.11.6 Threat of Substitutes
- 6.12 Key Market Drivers and Success Factors
- 7 Market Breakup by Category
- 7.1 Native Starch
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Modified Starch
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Sweeteners
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 8 Market Breakup by Application
- 8.1 Food & Beverages
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Animal Feed
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Pharmaceuticals & Chemicals
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Textile
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Paper & Corrugates
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 9 Market Breakup by Region
- 9.1 United States
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 China
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 European Union
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Others
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 10 Competitive Landscape
- 10.1 Market Structure
- 10.2 Market Breakup by Key Players
- 11 Corn Starch Manufacturing Process
- 11.1 Product Overview
- 11.2 Detailed Process Flow
- 11.3 Various Types of Unit Operations Involved
- 11.4 Mass Balance and Raw Material Requirements
- 12 Project Details, Requirements and Costs Involved
- 12.1 Land Requirements and Expenditures
- 12.2 Construction Requirements and Expenditures
- 12.3 Plant Machinery
- 12.4 Machinery Pictures
- 12.5 Raw Material Requirements and Expenditures
- 12.6 Raw Material and Final Product Pictures
- 12.7 Packaging Requirements and Expenditures
- 12.8 Transportation Requirements and Expenditures
- 12.9 Utility Requirements and Expenditures
- 12.10 Manpower Requirements and Expenditures
- 12.11 Other Capital Investments
- 13 Loans and Financial Assistance
- 14 Project Economics
- 14.1 Capital Cost of the Project
- 14.2 Techno-Economic Parameters
- 14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 14.4 Taxation and Depreciation
- 14.5 Income Projections
- 14.6 Expenditure Projections
- 14.7 Financial Analysis
- 14.8 Profit Analysis
- 15 Key Player Profiles
- 15.1 Cargill, Incorporated
- 15.2 Archer Daniels Midland (ADM) Company
- 15.3 Ingredion Incorporated
- 15.4 Roquette Frères S.A
- 15.5 Tate & Lyle PLC
Pricing
Currency Rates
Questions or Comments?
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