Corn Starch Market: By Product Type (Hydrolyzed Starch, Resistance Starch, Ethanol Starch, Pre-Gelatinized Starch, Hybrid Natural Starch), By End User  (Pharmaceutical Industries, Food and Beverage Industries, Textile Industries, Paper & Corrugated Industries, Animal Feed Industries, Chemical Industries, Others), and Geography  

Corn Starch Market was valued at USD 20,953.8 million in 2022 and is poised to grow at a CAGR of 8.6% from 2023 to 2029. owing to the increased use in kitchens as a thickening agent and as a substitute for eggs for vegan baking. Corn Starch is the starch derived from the endosperm of the corn kernel that is a white, chalky powder used often in the food industry. The increased demand for corn starch as a sweetener owing to its low cost compared to other alternatives is expected to drive the market. Moreover, the increased demand for clean-label ingredients owing to increased health consciousness among consumers and the high demand for natural, pure, and high-quality products have generated the demand for clean-label starches. Furthermore, the development of techniques for biofuel production and as an alternative to the production of nanomaterials is increasing the opportunities for the development of the corn starch market. For instance, as per a research article, starch nanocrystals are providing an eco-friendly packaging alternative, and it possesses outstanding degradability and reproducibility.

Corn starch is further used extensively in households as a remedy for skin irritation, as a deodorant, and as a dry shampoo. Furthermore, corn starch is used in papermaking and textile industries for sheet and fabric pressing, drying, and surface finishing. For instance, Sayaji Industries Limited is a manufacturing unit that uses corn starch in its own textile, paper, gypsum, and pharmaceutical industries. But, the COVID-19 lockdown, hampered the market due to the disruption of the supply chain and the reduction in out-of-home food consumption during the pandemic. Moreover, the availability of substitutes like pea and rice starch, along with rising customer awareness about the negative effects of a starch-rich diet, function as important limitations for the corn starch market. However, the expansion of its use in the pharmaceutical and cosmetic industry, huge availability due to the large-scale production of corn globally, increased demand for packaged foods and sweeteners for longer shelf life, increased infrastructure and urbanization are factors leading to the market expansion and is expected to surge in the forecasted years.

Corn Starch Market Key Developments:

• In July 2021, Tate & Lyle sold its controlling stake in its Primary Products division — which makes corn-derived sweeteners, industrial starches, and acidulants to private equity firm KPS Capital Partners.