Corn And Corn Starch Derivatives Market Outlook, Critical Insights, Trends Analysis, Key Players And Forecast To 2033

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.

Market Overview -
Corn and corn starch derivatives refer to ingredients made from corn starch. It is a white, odorless and tasteless powder made from the endosperm of corn kernels. It is a versatile ingredient that can be used in a variety of food products, including sauces, gravies and baked goods.

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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.

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.

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Key Segments -
The corn and corn starch derivatives market covered in this report is segmented -
1) By Product Type: Corn Starch Derivatives; Corn Oil; Corn Starch; Corn Meal Or Flakes Or Grits; Corn Flour; Other Product Types
2) By Function: Thickening Agents; Stabilizers; Sweeteners; Other Functions
3) By Application: Food And Beverage; Animal feed; Paper And Board; Pharmaceutical; Biodiesel; Textiles; Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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