Press release
Waxy Maize Starch Market Highlights On Evolution 2032
• The global waxy maize starch market was valued at US$ 3.68 Bn in 2022
• The global waxy maize starch market is expected to grow at a CAGR of 5.8% during the forecast period
• The global waxy maize starch market is anticipated to reach US$ 6.49 Bn by the end of 2032
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Analysts' Viewpoint on Waxy Maize Starch Market Scenario
Waxy maize starch is used as an additive in various end use industries such as food, textiles, and pharmaceuticals. It is added to individual yarns to increase the mechanical strength and resistance to friction; and also resist moisture penetration. It also serves as a stabilizer and filler for colored inks when fabrics are overprinted. The detergent manufacturing industry utilizes starches for the manufacture of non-toxic, biodegradable, and skin-friendly detergents. Increasing preference for healthy food across the globe is a key factor driving the demand for waxy corn starch, as it is associated with various health benefits. Manufacturers could gain significant revenue benefits by providing their product offerings to the food industry, since it holds major share of the global waxy maize starch market. Manufacturers could also focus on the non-food application segment, considering the high growth potential and rising demand for waxy corn starch in non-food applications.
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Waxy Maize Starch Market Introduction
Consumption of waxy corn starch has been rising significantly in the food industry, as it is used as a thickening agent in soups & gravies, pie fillings, stews & casseroles, and sauces due to its high water absorption capacity. Furthermore, demand for processed and packaged food products is expected to increase at a significant pace due to the rapidly increasing and highly urbanized population in developing economies of Asia and Latin America. This is estimated to further drive the scope of the waxy corn starch market in the near future. The waxy maize starch market is likely to grow significantly, due to its functional properties such as foaming and gelling, which make it a vital additive for various end use industries.
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Analysis of Key Players in Waxy Maize Starch Market
The global waxy maize starch market is consolidated, with a limited number of large players holding majority of the share. Key manufacturers are focusing on expanding their business by acquiring other businesses and offering tailor-made solutions according to the requirement of customers. They are strategically investing in research and development capabilities to improve their existing product lines and uncover new solutions. AGRANA Beteiligungs-AG, Cargill, Incorporated, Daesang Corp, Ingredion, Manildra Group, Roquette Frères, Samyang Corporation, Sanwa Starch Co., Ltd., and Tate & Lyle are the prominent players operating in this market.
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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