Download Free Sample
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....
Corn Starch Market was valued at US$ 20,953.8 million in 2023 and is poised to grow at a CAGR of 8.6% from 2024-2030. 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.
Study Period
2024-2030Base Year
2023CAGR
6.5%Largest Market
North AmericaFastest Growing Market
Europe
Alternative products, such as wheat, tapioca, and arrowroot, are obstructing the growth of product demand. The product is devoid of nutrition and only adds calories to the consumer's diet. When used in cooking, it grows at a somewhat slow rate. In this field, the potential region is mostly unexplored. The usage of the modified product in foods is restricted in this industry due to legal restrictions. A highly competitive Corn Starch Market is characterised by an increase in the number of prominent players entering the market.
Due to the significant consumption of processed and quick food products in the region, North America continues to lead the worldwide corn starch industry. The United States was the region's largest market. The abundance of maize as a raw material in the country, as well as the low pricing of corn starch, are the primary factors driving the corn starch industry's expansion in the US market.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Report Study Period |
2024-2030 |
|
Market Size in 2023 |
US$ 20,953.8 million |
|
Market CAGR |
6.5% |
|
By Product Type |
|
|
By End User |
|
|
By Region |
|
Download Free Sample Report
The global corn starch market size was valued at US$ 20,953.8 million in 2023 and is projected to grow at a CAGR of 8.6% from 2024 to 2030.
The increasing product adoption in the food and beverage (F&B) sector
Europe is the fastest-growing for corn starch market
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.