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Corn And Corn Starch Derivatives Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Cargill Incorporated, Archer Daniels Midland Company, Associated British Foods Plc
Corn And Corn Starch Derivatives Market Trends
The Business Research Company offers in-depth market insights through Corn And Corn Starch Derivatives Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The corn and corn starch derivatives market size has grown strongly in recent years. It will grow from $74.11 billion in 2023 to $78.5 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to demand for food and beverage industry, rising demand for pharmaceutical industry, increasing industrial applications, increasing textile industry.
The corn and corn starch derivatives market size is expected to see strong growth in the next few years. It will grow to $96.53 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to growing population, processed and convenience foods, clean label and natural ingredients, biodegradable plastics. Major trends in the forecast period include research and innovation, adoption of digital traceability, innovative products, technological advancements.
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Market Segmentation:
The main types of products in corn and corn starch derivatives are corn starch derivatives, corn oil, corn starch, corn meal or flakes or grits, corn flour and others. Corn starch derivatives refer to a group of products that are derived from corn starch through various chemical and enzymatic processes. It performs various functions such as thickening agents, stabilizers, sweeteners and others. These are used for several applications, including food and beverage, animal feed, paper and board, pharmaceuticals, biodiesel, textiles and others.
Major Driver - Growing Appetite For Processed Foods Boosts The Corn And Corn Starch Derivatives Market
Increased demand for processed food products significantly contributes to the growth of the corn and corn starch derivatives market going forward. Processed foods refer to prepared meals that have already been cleaned, cooked, packed and are ready to eat without further preparation. Corn and corn starch derivatives are commonly used in a wide range of processed food products to improve their texture, flavor, thickening, stabilizing and appearance. For instance, in December 2021, according to the Agricultural and Processed Food Products Export Development Authority (APEDA), processed food product exports increased from $11,671 million in 2020-21 to $13,261 million in 2021-22. Therefore, the increased demand for processed food products is driving the growth of the corn and corn starch derivatives market.
Competitive Landscape:
Major players in the corn and corn starch derivatives market are Cargill Incorporated, Archer Daniels Midland Company, Associated British Foods Plc., Corn Products International Inc., Ingredion Incorporated, Avebe U.A., Tereos S.A., Green Plains Inc., Sudzucker AG, Ashland Inc., Agrana Beteiligungs AG, Tate and Lyle PLC, Wacker Chemie AG, MGP Ingredients Inc., National Starch And Chemical Company, The Scoular Company, Grain Processing Corporation, Roquette Frères S.A., Grain Millers Inc., Gulshan Polyols Limited, Spac Starch Products (India) Limited, Global Bio-Chem Technology Group Company Limited, Parchem Fine and Specialty Chemicals, Emsland Group, Universal Starch Chem Allied Ltd., Sweeteners Plus Inc., GrainSpan Nutrients Private Limited.
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Top Trend - Innovative Products Like Fibrin Rs-Resistant Starch Drive Growth In The Corn And Corn Starch Derivatives Market
Major companies operating in the corn and corn starch derivatives market are focused on developing innovative products, such as fibrin RS-resistant starch to uphold their market position. Fibrin RS-resistant starch is a type of resistant starch made from corn that can be used as a food ingredient to increase fiber content and reduce calories. For instance, in October 2022, Grain Processing Corporation, a US-based manufacturer and supplier of grain-based ingredients and products, launched fibrin RS-resistant starch. This innovative resistant starch, made from corn and without gluten, enhances fiber in food formulations while providing fewer calories than other carbohydrates. It is a promising new ingredient that has the potential to improve the healthfulness of a variety of food and beverage products. Additionally, this fermentation process produces short-chain fatty acids, which have several health benefits, such as improving gut health, reducing inflammation and lowering cholesterol levels.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Corn And Corn Starch Derivatives Market Characteristics
3. Corn And Corn Starch Derivatives Market Trends And Strategies
4. Corn And Corn Starch Derivatives Market - Macro Economic Scenario
5. Corn And Corn Starch Derivatives Market Size And Growth
…..
27. Corn And Corn Starch Derivatives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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