Middle East & Africa Waxy Maize Starch Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Modified Starch and Native Starch), Category (Organic and Conventional), and Application (Food and Beverages, Pharmaceuticals and Nutraceutic
Description
Middle East & Africa Waxy Maize Starch Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Modified Starch and Native Starch), Category (Organic and Conventional), and Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, and Others)
The waxy maize starch market in MEA is expected to grow from US$ 127.07 million in 2022 to US$ 197.93 million by 2028. It is estimated to grow at a CAGR of 7.7% from 2022 to 2028.
Increasing Strategic Developments by Major Market Players
The manufacturers of waxy maize starch are making strategic developments, such as product innovation, plant capacity expansion, and mergers & acquisitions, to strengthen their market position and expand their customer base. Companies are launching new products with unique properties to cater to changing consumer requirements. For instance, in November 2020, Ingredion launched organic instant functional native starch NOVATION 9460. The product is derived from waxy maize. It controls rheological behavior in cake batters, sauces, or other semi-liquids by providing instant viscosity. It can also be used in sweet applications, such as cream and fruit-based fillings, as well as in savory applications, such as sauces and dressings, to enhance their appearance and texture. Such innovative products are gaining huge popularity among consumers. Therefore, rising strategic developments by market players are expected to provide immense opportunities to the waxy maize starch market during the forecast period.
Market Overview
The Middle East & Africa waxy maize starch market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. Cassava and maize are the two crops that are extensively utilized for the production of starch in the region. The food & beverages industry is growing rapidly in the Middle East as a result of the proliferating tourism industry, changes in demographics, and shifts in consumer dietary habits. It has led to increased demand for starches such as waxy maize starch, which are required for the production of confectionery, bakery, drinks, and other ready-to-eat food and beverage products. Therefore, multinational companies such as Cargill, Incorporated are planning to establish their presence in the Middle East countries by expanding production facilities to meet customer demands.
MEA Waxy Maize Starch Market Revenue and Forecast to 2028 (US$ Million)
MEA Waxy Maize Starch Market Segmentation
The MEA waxy maize starch market is segmented into type, category, application, and country.
Based on type, the market is segmented into native starch and modified starch. The native starch segment registered a larger market share in 2022.
Based on category, the MEA waxy maize starch market is segmented into organic and conventional. The conventional segment registered a larger market share in 2022.
Based on application, the MEA waxy maize starch market is segmented into food and beverages, pharmaceuticals and nutraceuticals, and others. The food and beverages segment registered the largest market share in 2022.
Based on country, the market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. Rest of MEA dominated the market share in 2022.
AGRANA Beteiligungs-AG; Cargill, Incorporated; Roquette Frères; Sinofi Ingredients; Tate & Lyle PLC; and Tokai Denpun Co., Ltd. are the leading companies operating in waxy maize starch market in the region.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM natural food colors market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the SAM natural food colors market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the natural food colors market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
The waxy maize starch market in MEA is expected to grow from US$ 127.07 million in 2022 to US$ 197.93 million by 2028. It is estimated to grow at a CAGR of 7.7% from 2022 to 2028.
Increasing Strategic Developments by Major Market Players
The manufacturers of waxy maize starch are making strategic developments, such as product innovation, plant capacity expansion, and mergers & acquisitions, to strengthen their market position and expand their customer base. Companies are launching new products with unique properties to cater to changing consumer requirements. For instance, in November 2020, Ingredion launched organic instant functional native starch NOVATION 9460. The product is derived from waxy maize. It controls rheological behavior in cake batters, sauces, or other semi-liquids by providing instant viscosity. It can also be used in sweet applications, such as cream and fruit-based fillings, as well as in savory applications, such as sauces and dressings, to enhance their appearance and texture. Such innovative products are gaining huge popularity among consumers. Therefore, rising strategic developments by market players are expected to provide immense opportunities to the waxy maize starch market during the forecast period.
Market Overview
The Middle East & Africa waxy maize starch market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. Cassava and maize are the two crops that are extensively utilized for the production of starch in the region. The food & beverages industry is growing rapidly in the Middle East as a result of the proliferating tourism industry, changes in demographics, and shifts in consumer dietary habits. It has led to increased demand for starches such as waxy maize starch, which are required for the production of confectionery, bakery, drinks, and other ready-to-eat food and beverage products. Therefore, multinational companies such as Cargill, Incorporated are planning to establish their presence in the Middle East countries by expanding production facilities to meet customer demands.
MEA Waxy Maize Starch Market Revenue and Forecast to 2028 (US$ Million)
MEA Waxy Maize Starch Market Segmentation
The MEA waxy maize starch market is segmented into type, category, application, and country.
Based on type, the market is segmented into native starch and modified starch. The native starch segment registered a larger market share in 2022.
Based on category, the MEA waxy maize starch market is segmented into organic and conventional. The conventional segment registered a larger market share in 2022.
Based on application, the MEA waxy maize starch market is segmented into food and beverages, pharmaceuticals and nutraceuticals, and others. The food and beverages segment registered the largest market share in 2022.
Based on country, the market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. Rest of MEA dominated the market share in 2022.
AGRANA Beteiligungs-AG; Cargill, Incorporated; Roquette Frères; Sinofi Ingredients; Tate & Lyle PLC; and Tokai Denpun Co., Ltd. are the leading companies operating in waxy maize starch market in the region.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM natural food colors market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the SAM natural food colors market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the natural food colors market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table of Contents
93 Pages
- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Scope of the Study
- 3.2 Research Methodology
- 3.2.1 Data Collection
- 3.2.2 Primary Interviews
- 3.2.3 Hypothesis Formulation
- 3.2.4 Macro-economic Factor Analysis
- 3.2.5 Developing Base Number
- 3.2.6 Data Triangulation
- 4. MEA Waxy Maize Starch Market Landscape
- 4.1 Market Overview
- 4.2 Porter’s Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
- 4.3 Expert Opinion
- 4.4 Ecosystem Analysis
- 4.4.1 Raw Material Suppliers
- 4.4.2 Manufacturers
- 4.4.3 End-use Industries
- 5. MEA Waxy Maize Starch Market — Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rising Demand for Waxy Maize Starch in Food Industry
- 5.1.2 Growing Applications of Waxy Maize Starch in Pharmaceuticals & Nutraceuticals Industry
- 5.2 Market Restraints
- 5.2.1 Availability of Substitute for Waxy Maize Starch
- 5.3 Market Opportunities
- 5.3.1 Increasing Strategic Developments by Major Market Players
- 5.4 Future Trends
- 5.4.1 Surging Demand for Organic Waxy Maize Starch
- 5.5 Impact Analysis of Drivers and Restraint
- 6. Waxy maize starch – MEA Market Analysis
- 6.1 MEA Waxy Maize Starch Market –Revenue and Forecast to 2028
- 7. MEA Waxy Maize Starch Market Analysis – By Type
- 7.1 Overview
- 7.2 MEA Waxy Maize Starch Market, By Type (2021 and 2028)
- 7.3 Modified Starch
- 7.3.1 Overview
- 7.3.2 Modified Starch: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
- 7.4 Native Starch
- 7.4.1 Overview
- 7.4.2 Native Starch: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
- 8. MEA Waxy Maize Starch Market Analysis – By Category
- 8.1 Overview
- 8.2 Waxy Maize Starch Market, By Category (2021 and 2028)
- 8.3 Organic
- 8.3.1 Overview
- 8.3.2 Organic: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
- 8.4 Conventional
- 8.4.1 Overview
- 8.4.2 Conventional: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
- 9. MEA Waxy Maize Starch Market Analysis – By Application
- 9.1 Overview
- 9.2 Waxy Maize Starch Market, By Application (2021 and 2028)
- 9.3 Food and Beverages
- 9.3.1 Overview
- 9.3.2 Food and Beverages: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
- 9.4 Pharmaceuticals and Nutraceuticals
- 9.4.1 Overview
- 9.4.2 Pharmaceuticals and Nutraceuticals: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
- 9.5 Others
- 9.5.1 Overview
- 9.5.2 Others: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
- 10. MEA Waxy Maize Starch Market – Country Analysis
- 10.1 Overview
- 10.1.1 Middle East and Africa: Waxy Maize Starch Market, by Key Country
- 10.1.1.1 South Africa: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.1.1 South Africa: Waxy Maize Starch Market, By Type
- 10.1.1.1.2 South Africa: Waxy Maize Starch Market, by Category
- 10.1.1.1.3 South Africa: Waxy Maize Starch Market, By Application
- 10.1.1.2 Saudi Arabia: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.2.1 Saudi Arabia: Waxy Maize Starch Market, By Type
- 10.1.1.2.2 Saudi Arabia: Waxy Maize Starch Market, by Category
- 10.1.1.2.3 Saudi Arabia: Waxy Maize Starch Market, By Application
- 10.1.1.3 UAE: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.3.1 UAE: Waxy Maize Starch Market, By Type
- 10.1.1.3.2 UAE: Waxy Maize Starch Market, by Category
- 10.1.1.3.3 UAE: Waxy Maize Starch Market, By Application
- 10.1.1.4 Rest of Middle East and Africa: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.4.1 Rest of Middle East and Africa: Waxy Maize Starch Market, by Type
- 10.1.1.4.2 Rest of Middle East and Africa: Waxy Maize Starch Market, by Category
- 10.1.1.4.3 Rest of Middle East and Africa: Waxy Maize Starch Market, by Application
- 11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 Merger and Acquisition
- 11.4 New Product Development
- 12. Company Profiles
- 12.1 Cargill, Incorporated
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Tate & Lyle PLC
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 AGRANA Beteiligungs-AG
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Roquette Frères
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Sinofi Ingredients
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Tokai Denpun Co., Ltd.
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 13. Appendix
- 13.1 About The Insight Partners
- 13.2 Word Index
- LIST OF TABLES
- Table 1. MEA Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
- Table 2. South Africa Waxy Maize Starch Market, By Type – Revenue and Forecast to 2028 (US$ Million)
- Table 3. South Africa Waxy Maize Starch Market, by Category – Revenue and Forecast to 2028 (US$ Million)
- Table 4. South Africa Waxy Maize Starch Market, By Application – Revenue and Forecast to 2028 (US$ Million)
- Table 5. Saudi Arabia Waxy Maize Starch Market, By Type – Revenue and Forecast to 2028 (US$ Million)
- Table 6. Saudi Arabia Waxy Maize Starch Market, by Category – Revenue and Forecast to 2028 (US$ Million)
- Table 7. Saudi Arabia Waxy Maize Starch Market, By Application – Revenue and Forecast to 2028 (US$ Million)
- Table 8. UAE Waxy Maize Starch Market, By Type – Revenue and Forecast to 2028 (US$ Million)
- Table 9. UAE Waxy Maize Starch Market, by Category – Revenue and Forecast to 2028 (US$ Million)
- Table 10. UAE Waxy Maize Starch Market, By Application – Revenue and Forecast to 2028 (US$ Million)
- Table 11. Rest of Middle East and Africa Waxy Maize Starch Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 12. Rest of Middle East and Africa Waxy Maize Starch Market, by Category – Revenue and Forecast to 2028 (US$ Million)
- Table 13. Rest of Middle East and Africa Waxy Maize Starch Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 14. List of Abbreviation
- LIST OF FIGURES
- Figure 1. MEA Waxy Maize Starch Market Segmentation
- Figure 2. MEA Waxy Maize Starch Market Segmentation – By Country
- Figure 3. MEA Waxy Maize Starch Market Overview
- Figure 4. MEA Waxy Maize Starch Market, By Type
- Figure 5. MEA Waxy Maize Starch Market, By Country
- Figure 7. Porter's Five Forces Analysis
- Figure 8. Expert Opinion
- Figure 9. Waxy Maize Starch Market - Ecosystem
- Figure 10. MEA Waxy Maize Starch Market Impact Analysis of Drivers and Restraints
- Figure 11. MEA: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 12. MEA Waxy Maize Starch Market Revenue Share, By Type (2021 and 2028)
- Figure 13. MEA Modified Starch: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 14. MEA Native Starch: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 15. MEA Waxy Maize Starch Market Revenue Share, By Category (2021 and 2028)
- Figure 16. MEA Organic: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 17. MEA Conventional: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 18. MEA Waxy Maize Starch Market Revenue Share, By Application (2021 and 2028)
- Figure 19. MEA Food and Beverages: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 20. MEA Pharmaceuticals and Nutraceuticals: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 21. MEA Others: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 22. MEA: Waxy Maize Starch Market, by Key Country – Revenue (2021) (US$ Million)
- Figure 23. Middle East and Africa: Waxy Maize Starch Market Revenue Share, by Key Country (2021 and 2028)
- Figure 24. South Africa: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 25. Saudi Arabia: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 26. UAE: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 27. Rest of Middle East and Africa: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
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