According to the latest report by IMARC Group, titled “Corn Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," finds that the global corn starch market is expected to grow at a CAGR of 2.65% during 2023-2028. Corn starch is a white, odorless, and tasteless powder obtained from the white endosperm of the corn kernel. It is gluten-free and acts as a substitute for flour thickeners in marinades, stews, sauces, gravies, glazes, and soups. Corn starch is commonly used in the food and beverage (F&B) industry to add texture to fruits in pies, tarts, and other desserts. It also finds applications in coating paper, producing boxboard and insulating material boards. The pharmaceutical industry employs corn starch as a disintegrant and binder in tablets, emulsions, and ointments.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Corn Starch Market Trends:
One of the key factors driving the corn starch industry is the increasing utilization of the product as a food additive in various applications. It is widely employed for gum molding, thickening sauces and as a viscosity-control agent for binding baking ingredients. In line with this, due to hectic schedules and inflating disposable incomes, there has been a rise in the demand for processed food items that use corn starch as a key ingredient. Moreover, corn starch is rapidly gaining preference amongst health-conscious, vegetarian and vegan consumers as it is gluten-free and can be used as a substitute for eggs in baking and cooking. The growth of the market can also be attributed to the rising use of corn starch as industrial starch. It is widely employed in the production of paper and packaging, as well as in the textile industry for providing stiffness to clothes.
- On the basis of the category, sweeteners represent the largest market segment. Other major categories include native and modified starch.
- Based on the application, the market has been segregated into food & beverages, animal feed, pharmaceuticals & chemicals, textile, paper & corrugates, and others. Amongst these, food & beverages account for the majority of the market share.
- On the geographical front, the market has been classified into the United States, China, the European Union and Others. At present, the United States holds the leading position in the market.
- The competitive landscape of the market has also been analyzed in the report, with the key players being Cargill, Incorporated, Ingredion Incorporated, Archer Daniels Midland (ADM) Company, Tate & Lyle PLC and Roquette Frères S.A.
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