Saudi Arabia Corn Starch Market, By Type (Native Starch, Modified Starch, Sweeteners), By Application (Ethanol Production, Food & Beverage, Animal Feed, Others), By Region, Competition Forecast & Opportunities, 2027
Saudi Arabia corn starch market is projected to register growth at a significant CAGR during the forecast period, 2023-2027. The market growth can be attributed to the rising consumer preferences toward processed and fried foods. Besides, surging demand for ready-to-eat packaged foods, owing to the increasing working population and their growing accessibility on offline and online channels are expected to fuel the growth of the Saudi Arabia corn starch market in the coming years.
An increasing number of tourists in the country from various places and a growing number of commercial food retail chains are creating more demand for corn starch, which is used as a key ingredient in many delicacies. Thus, the country's rapidly increasing food & beverage sector and the introduction of global flavors across restaurants to meet the evolving demands of consumers from across the globe are positively influencing the growth of Saudi Arabia corn starch. The rising application of corn starch as a thickener in food items, soups, sauces, coating in deep-fried foods, and baked products are also adding to its market growth.
Traditional agriculture practices are difficult to be conducted on the lands of Saudi Arabia due to the lack of soil's capacity to provide nutrients to crops. Hence, advanced methods such as biotechnology to genetically modify crops of maize are being utilized to support the growing demand for corn starch. Thus, major developments in biotechnology and other technological advances are expected to support the positive growth of the Saudi Arabia corn starch market. Besides, rising demand for corn starch across major end-use sectors like ethanol, animal feed, and other industries are aslo aiding the market growth.
The Saudi Arabia corn starch market is segmented based upon type, application, competitional landscape, and regional distribution. Based on type, the market is divided into native starch, modified starch, and sweeteners. The sweeteners segment is anticipated to hold the largest share in the Saudi Arabia corn starch market, owing to the growing consumption of sweets in the region and the expanding varieties of desserts and beverages that require corn starch as the key ingredient.
Major companies operating in the Saudi Arabia corn starch market are Arabian Agricultural Services Company (ARASCO), BASF Saudi Arabia, Archer Daniels Midland Company, BAYER Saudi Arabia, Associated British Foods plc, among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
- To analyze the historical growth in the market size of the Saudi Arabia corn starch market from 2017 to 2021.
- To estimate and forecast the market size of Saudi Arabia corn starch market from 2023 to 2027 and growth rate until 2027.
- To classify and forecast the Saudi Arabia corn starch market based on type, application, region, and company.
- To identify the dominant region or segment in the Saudi Arabia corn starch market.
- To identify drivers and challenges for the Saudi Arabia corn starch market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Saudi Arabia corn starch market.
- To identify and analyze the profiles of leading players operating in the Saudi Arabia corn starch market.
- To identify key sustainable strategies adopted by market players in Saudi Arabia corn starch market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of the Saudi Arabia corn starch market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Saudi Arabia corn starch market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Saudi Arabia Corn Starch Market, By Type:
- Native Starch
- Modified Starch
- Saudi Arabia Corn starch Market, By Application:
- Ethanol Production
- Food & Beverage
- Animal Feed
- Saudi Arabia Corn starch Market, By Region:
- Southern Region
- Eastern Region
- Western Region
- Northern & Central region,
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia corn starch market.
- Detailed analysis and profiling of additional market players (up to five).
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