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The global corn starch market reached a volume of 84.2 Million Tons in 2022.
We expect the global corn starch market to exhibit a CAGR of 2.65% during 2023-2028.
The rising demand for processed food items, along with the increasing adoption of corn starch for gum molding, thickening sauces, and as a viscosity-control agent for binding baking ingredients, is primarily driving the global corn starch market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of corn starch.
Based on the category, the global corn starch market has been bifurcated into native starch, modified starch, and sweeteners. Currently, sweeteners hold the largest market share.
Based on the application, the global corn starch market can be segmented into food & beverages, animal feed, pharmaceuticals & chemicals, textile, paper & corrugates, and others. Among these, the food and beverage (F&B) sector accounts for the majority of the total market share.
On a regional level, the market has been classified into United States, China, European Union, and others, where the United States currently dominates the global market.
Some of the major players in the global corn starch market include Cargill, Incorporated, Archer Daniels Midland (ADM) Company, Ingredion Incorporated, Roquette Frères S.A, Tate & Lyle PLC, etc.
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