The global corn starch market reached a volume of 76.7 Million Tons in 2019. 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.
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. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.90% during the forecast period (2020-2025).
Breakup by Category:
Sweeteners currently hold the majority of the total market share.
Breakup by Application:
The food and beverages (F&B) sector accounts for the majority of the global market share.
The United States enjoys the leading position in the market.
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:
Key Questions Answered in This Report:
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