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Global Corn Starch Market - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Corn Starch Market
Global corn starch market was valued at US$ XX Mn in 2017 and expected to grow at 5.0% Compound Annual Growth Rate (CAGR) over 2017 to 2023
Market Outline: Global Corn Starch Market
Corn starch also known as corn flour or maize starch derived from the corn grains. It is a most commonly used food ingredient, thickens the soups and sauces. Corn starch also used in the preparation of corn syrup and other sugars. Moreover, corn starch can be easily modifies and used in textile industries and paper industries. Medicinally, corn starch is used to treat the people with glycogen storage disease.
Market Dynamics: Global Corn Starch Market
Increase in the usage of corn starch in biofuels production, diversified applications of corn starch in various industrial sectors, rise in number of paper and textile industries, an increase in the incidence of glycogen storage disease are anticipated to fuel the global corn starch market over the forecast years. However, raw materials price fluctuations, rise in number of alternate products for corn starch, and stringent regulations for the usage of modified starch in food items may restrain the growth of global corn starch market.
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Market Scope: Global Corn Starch Market
Global corn starch market is segmented based on product type and end user
Based on the product type, the market is segmented into the following:
Hydrolyzed Starch
Resistance Starch
Ethanol Starch
Pre-Gelatinized Starch
Hybrid Natural Starch
Based on the End User, market is segmented into the following:
Pharmaceutical Industries
Food and Beverage Industries
Textile Industries
Paper & Corrugated Industries
Animal Feed Industries
Chemical Industries
Others
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Regional Analysis: Global Corn Starch Market
Geographically, global corn starch market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America corn starch market has a lucrative growth opportunities owing to technological advancements in the modification of starch, rise in the number of end user industries, and increase in the production of corn in North America region are expected to propel the market. Europe corn starch market is poised to grow at significant rate owing to wide range of applications in food and feed industry, rise in awareness about the health benefits with the consumption of starch, and increase in the livestock industries in the region. Asia Pacific corn starch market has a prominent share due to increase in the usage of corn starch in wax, coating systems, paints, and firework explosion, rise in production of corn starch, and increase in the animal adoption rate are boost the market.
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Competition Assessment: Global Corn Starch Market
Some of the players in the global corn starch market include:
Bayer AG (Germany)
Cargill Incorporated (U.S.)
Akzo Nobel NV (Netherlands)
BASF SE. (Germany)
Grain Processing Corporation (U.S.)
Associated British Foods plc (U.K.)
Tate & Lyle PLC (U.K.)
DuPont (EI) de Nemours (U.S.)
Archer-Daniels-Midland Company (U.S.)
Ingredion Incorporated (U.S.)
Japan Corn Starch Co. Ltd. (Japan)
Notable Market Developments: Global Corn Starch Market
In February 2017, Japan Corn Starch Co. Ltd. developed and obtained patent for high fructose corn syrup (HFCS) 70 used in soft drinks.
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