Corn starch is also referred to as maize starch or corn flour. It is produced from the endosperm of the kernel. The starch has wide application range in the household, industrial, and culinary purposes.
In culinary, corn starch is extensively used as a thickening agent for gravies, pies, soups, sauces, glazes, desserts, and casseroles among others. It is also used in manufacturing bio-plastics and preparation of corn syrup.
Primarily, corn starch is gluten free in nature and is made from corn and only contains carbohydrate.
The corn starch market is categorized on the basis of product into native starch, modified starch and sweeteners. Among all the segments, sweetener is anticipated to be one of the leading segments in the corn starch market, owing to rising awareness regarding the use of sweeteners in various regions. The sweeteners derived from corn starch are usually cost-efficient.
Use of other source derived starches such as rice starch, potato starch, and tapioca starch among other starches is likely to interfere with growth of the corn starch market during the forecast period. In addition, rising prices of raw material is increasing price of the product subsequently. This, in turn, is hindering the adoption rate of the corn starch in various end-user industry.
Nevertheless, growing trend of substituting petroleum with ethanol is anticipated to be one of the key driving factors for the corn starch market during the forecast period. As per market analyst, the global corn starch market is likely to witness exponential growth in coming years. The growth rate is attributed to growing usage of corn starch in food and beverages industry, processed food, detergent industry, and paper and board industry among others.
The increasing consumption of convenience and ready to eat foods and a solid year on year growth in textile and paper industry are projected to create a highly fertile landscape for the development of the global sales of corn starch, particularly in the regional segment of Asia Pacific. These projections are according to the research report published by Transparency Market Research about the global corn starch market. Customers of corn starch are now trying to seek different alternatives to cane sugar that are less expensive and yet easily fit into several applications. This has helped in creating a huge demand for corn starch.
According to the research report by Transparency Market Research, the global corn starch market is expected to exhibit a CAGR of 4.8% over the course of the given period of forecast ranging from 2016 to 2024. Initially, in 2016, the global market was valued at US$22.1 Mn. Naturally, with the given rate of growth, the valuation of the global market is expected to be even more stellar in the coming years of the forecast period.
The high output of maize that has superior starch content, is expected to be one of the key driving factors for the overall development of the global corn starch market. In the meantime, an increasing number of substitutes or alternatives such as tapioca are likely to hamper the development of the global corn starch market.
The research report by Transparency Market Research classifies the global corn starch market based on type of product, base, and region. Based on product, the market is segmented into sweeteners, modified starch, and native starch. Among these, the segment of sweeteners is currently dominating the global corn starch market. The segment accounts for more than 50% of the overall share of the global market. However, a promising growth is projected for the segment of modified starch. The segment is expected to showcase a healthy CAGR of 5.4% during the course of the given period of forecast. The increasing usage of high fructose corn syrup (HFCS) in wide range of food and beverage products is expected to keep the demand for corn starch high in these upcoming years.
In terms of application, the global market for corn starch is segmented into paper and corrugated, textile, pharmaceutical and chemicals, animal feed, food and beverages, and others. In 2015, the segment of food and beverages accounted for the largest share in the global market for corn starch. It is projected that the segment will continue to dominate the global market over the course of the period of forecast.
In terms of geographical segmentation, there are five key regions of the global corn starch market. These regions are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. Of these, the current market scenario is being dominated by the regional segment of North America. The region is leading in terms of both volume as well as value. However, in coming years, the regional segment of Asia Pacific is projected to show a promising CAGR of 6.4% over the given period of forecast. There is a growing demand for corn starch across Asia Pacific, particularly in countries such as India, China, and other ASEAN nations. The key manufacturers in the global market have considerably invested in the region to reap lucrative profits. Moreover, the market in the Middle East and Africa are projected to witness a promising rate of growth in coming years.
Some of the key players in the global corn starch market are Cargill, Incorporated, Archer Daniels Midland Company, Kent Corporation - Grain Processing Corporation, Associated British Foods plc, Global Bio-chem Technology Group Company Limited, Tereos Syral S.A.S, Roquette Frères S.A., Tate & Lyle PLC, Ingredion Incorporated, and AGRANA - Beteiligungs AG.
Corn Starch Market is estimated to rise at a CAGR of 4.8% during forecast period
Increasing consumption of convenience and ready to eat foods and a solid year on year growth in textile and paper industry are the key factors driving the growth of Corn Starch Market
Asia Pacific is more attractive region for vendors in the Corn Starch Market
Some of the key players in the global corn starch market are Cargill, Incorporated, Archer Daniels Midland Company, Kent Corporation - Grain Processing Corporation, Associated British Foods plc, Global Bio-chem Technology Group Company Limited, Tereos Syral S.A.S, Roquette Frères S.A., Tate & Lyle PLC, Ingredion Incorporated, and AGRANA - Beteiligungs AG.
Native Starch, Modified Starch, Sweeteners are the product type segments in the Corn Starch Market
1. Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.2. Manufacturing Process - Wet Milling Process
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunity
4.3.4. Value Chain
4.4. Global Market Forecast, 2016-2024
4.4.1. Market Size Value & Volume Forecast
4.4.1.1. Y-o-Y Growth Projections
4.4.1.2. Absolute $ Opportunity
4.5. Global Corn Starch Market Trends
5. Global Market Analysis, By Product Type
5.1. Introduction
5.1.1. Y-o-Y Growth Comparison, By Product Type
5.1.2. Basis Point Share (BPS) Analysis, By Product Type
5.2. Market Forecast By Product Type
5.2.1. Native Starch
5.2.1.1. Absolute $ Opportunity
5.2.1.2. Market Value Forecast
5.2.2. Modified Starch
5.2.2.1. Absolute $ Opportunity
5.2.2.2. Market Value Forecast
5.2.3. Sweeteners
5.2.3.1. Absolute $ Opportunity
5.2.3.2. Market Value Forecast
5.3. Market Attractiveness Analysis, By Product Type
5.4. Prominent Trends
6. Global Market Analysis, By Application
6.1. Introduction
6.1.1. Y-o-Y Growth Comparison, By Application
6.1.2. Basis Point Share (BPS) Analysis, By Application
6.2. Market Forecast By Application
6.2.1. Food & Beverages
6.2.1.1. Absolute $ Opportunity
6.2.1.2. Market Value Forecast
6.2.2. Animal Feed
6.2.2.1. Absolute $ Opportunity
6.2.2.2. Market Value Forecast
6.2.3. Pharmaceuticals & Chemicals
6.2.3.1. Absolute $ Opportunity
6.2.3.2. Market Value Forecast
6.2.4. Textile
6.2.4.1. Absolute $ Opportunity
6.2.4.2. Market Value Forecast
6.2.5. Paper & Corrugates
6.2.5.1. Absolute $ Opportunity
6.2.5.2. Market Value Forecast
6.2.6. Others
6.2.6.1. Absolute $ Opportunity
6.2.6.2. Market Value Forecast
6.3. Market Attractiveness Analysis, By Application
6.4. Prominent Trends
7. Global Market Analysis, By Region
7.1. Introduction
7.1.1. Y-o-Y Growth Projections, By Region
7.1.2. Basis Point Share (BPS) Analysis, By Region
7.2. Regional Attractiveness Analysis
8. North America Market Analysis
8.1. Introduction
8.1.1. Absolute $ Opportunity
8.1.2. Market Value Forecast
8.2. North America Market Forecast
8.2.1. Market Value & Volume Forecast By Country
8.2.1.1. U.S.
8.2.1.2. Canada
8.2.2. Market Value & Volume Forecast By Product Type
8.2.2.1. Native Starch
8.2.2.2. Modified Starch
8.2.3. Market Value & Volume Forecast By Application
8.2.3.1. Food & Beverages
8.2.3.2. Animal Feed
8.2.3.3. Pharmaceuticals & Chemicals
8.2.3.4. Textile
8.2.3.5. Paper & Corrugates
8.2.3.6. Others
8.2.4. Market Attractiveness Analysis
8.2.4.1. By Country
8.2.4.2. By Product Type
8.2.4.3. By Application
8.2.5. Key Trends
9. Latin America Market Analysis
9.1. Introduction
9.1.1. Absolute $ Opportunity
9.1.2. Market Value Forecast
9.2. Latin America Market Forecast
9.2.1. Market Value & Volume Forecast By Country
9.2.1.1. Mexico Absolute $ Opportunity
9.2.1.2. Brazil Absolute $ Opportunity
9.2.1.3. Rest of LATAM Absolute $ Opportunity
9.2.2. Market Value & Volume Forecast By Product Type
9.2.2.1. Native Starch
9.2.2.2. Modified Starch
9.2.2.3. Sweeteners
9.2.3. Market Value & Volume Forecast By Application
9.2.3.1. Food & Beverages
9.2.3.2. Animal Feed
9.2.3.3. Pharmaceuticals & Chemicals
9.2.3.4. Textile
9.2.3.5. Paper & Corrugates
9.2.3.6. Others
9.2.4. Market Attractiveness Analysis
9.2.4.1. By Country
9.2.4.2. By Product Type
9.2.4.3. By Application
9.2.5. Key Trends
10. Europe Market Analysis
10.1. 10.1.Introduction
10.1.1. Absolute $ Opportunity
10.1.2. Market Value Forecast
10.2. Europe Market Forecast
10.2.1. Market Value & Volume Forecast By Country/Region
10.2.1.1. Germany Absolute $ Opportunity
10.2.1.2. France Absolute $ Opportunity
10.2.1.3. U.K. Absolute $ Opportunity
10.2.1.4. Spain Absolute $ Opportunity
10.2.1.5. Italy Absolute $ Opportunity
10.2.1.6. Nordic Absolute $ Opportunity
10.2.1.7. Benelux Absolute $ Opportunity
10.2.1.8. Russia Absolute $ Opportunity
10.2.1.9. Poland Absolute $ Opportunity
10.2.1.10. Rest of Europe Absolute $ Opportunity
10.2.2. Market Value & Volume Forecast By Product Type
10.2.2.1. Native Starch
10.2.2.2. Modified Starch
10.2.2.3. Sweeteners
10.2.3. Market Value & Volume Forecast By Application
10.2.3.1. Food & Beverages
10.2.3.2. Animal Feed
10.2.3.3. Pharmaceuticals & Chemicals
10.2.3.4. Textile
10.2.3.5. Paper & Corrugates
10.2.3.6. Others
10.2.4. Market Attractiveness Analysis
10.2.4.1. By Country
10.2.4.2. By Product Type
10.2.4.3. By Application
10.2.5. Key Trends
11. APEJ Market Analysis
11.1. Introduction
11.1.1. Absolute $ Opportunity
11.1.2. Market Value Forecast
11.2. APEJ Market Forecast
11.2.1. Market Value & Volume Forecast By Country/Region
11.2.1.1. China Absolute $ Opportunity
11.2.1.2. India Absolute $ Opportunity
11.2.1.3. ASEAN Absolute $ Opportunity
11.2.1.4. Japan Absolute $ Opportunity
11.2.1.5. Australia & New Zealand Absolute $ Opportunity
11.2.1.6. Rest of APEJ Absolute $ Opportunity
11.2.2. Market Value & Volume Forecast By Product Type
11.2.2.1. Native Starch
11.2.2.2. Modified Starch
11.2.2.3. Sweeteners
11.2.3. Market Value & Volume Forecast By Application
11.2.3.1. Food & Beverages
11.2.3.2. Animal Feed
11.2.3.3. Pharmaceuticals & Chemicals
11.2.3.4. Textile
11.2.3.5. Paper & Corrugates
11.2.3.6. Others
11.2.4. Market Attractiveness Analysis
11.2.4.1. By Country
11.2.4.2. By Product Type
11.2.4.3. By Application
11.2.5. Key Trends
12. Middle East & Africa Market Analysis
12.1. Introduction
12.1.1. Absolute $ Opportunity
12.1.2. Market Value Forecast
12.2. Middle East & Africa Market Forecast
12.2.1. Market Value & Volume Forecast By Country/Region
12.2.1.1. GCC Absolute $ Opportunity
12.2.1.2. North Africa Absolute $ Opportunity
12.2.1.3. South Africa Absolute $ Opportunity
12.2.1.4. Rest of MEA Absolute $ Opportunity
12.2.2. Market Value & Volume Forecast By Product Type
12.2.2.1. Native Starch
12.2.2.2. Modified Starch
12.2.2.3. Sweeteners
12.2.3. Market Value & Volume Forecast By Application
12.2.3.1. Food & Beverages
12.2.3.2. Animal Feed
12.2.3.3. Pharmaceuticals & Chemicals
12.2.3.4. Textile
12.2.3.5. Paper & Corrugates
12.2.3.6. Others
12.2.4. Market Attractiveness Analysis
12.2.4.1. By Country
12.2.4.2. By Product Type
12.2.4.3. By Application
12.2.5. Key Trends
13. Competition Landscape
13.1. Competition Dashboard
13.2. Company Profiles
13.2.1. Cargill Group
13.2.1.1. Company Overview
13.2.1.2. Starch Products Presence
13.2.1.3. Business Strategies
13.2.1.4. Product Offerings
13.2.1.5. Key Developments
13.2.1.6. Regional Overview
13.2.1.7. Financial Overview
13.2.2. Archer Daniels Midland Company
13.2.2.1. Company Overview
13.2.2.2. Starch Products Presence
13.2.2.3. Business Strategies
13.2.2.4. Product Offerings
13.2.2.5. Key Developments
13.2.2.6. Regional Overview
13.2.2.7. Financial Overview
13.2.3. Kent Corporation - Grain Processing Corporation
13.2.3.1. Company Overview
13.2.3.2. Starch Products Presence
13.2.3.3. Business Strategies
13.2.3.4. Product Offerings
13.2.3.5. Key Developments
13.2.3.6. Regional Overview
13.2.4. Associated British Foods plc
13.2.4.1. Company Overview
13.2.4.2. Starch Products Presence
13.2.4.3. Business Strategies
13.2.4.4. Product Offerings
13.2.4.5. Key Developments
13.2.4.6. Regional Overview
13.2.4.7. Financial Overview
13.2.5. Global Bio-chem Technology Group Company Limited
13.2.5.1. Company Overview
13.2.5.2. Starch Products Presence
13.2.5.3. Business Strategies
13.2.5.4. Product Offerings
13.2.5.5. Key Developments
13.2.5.6. Regional Overview
13.2.5.7. Financial Overview
13.2.6. AGRANA - Beteiligungs AG
13.2.6.1. Company Overview
13.2.6.2. Starch Products Presence
13.2.6.3. Business Strategies
13.2.6.4. Product Offerings
13.2.6.5. Key Developments
13.2.6.6. Regional Overview
13.2.6.7. Financial Overview
13.2.7. Ingredion Incorporated
13.2.7.1. Company Overview
13.2.7.2. Starch Products Presence
13.2.7.3. Business Strategies
13.2.7.4. Product Offerings
13.2.7.5. Key Developments
13.2.7.6. Regional Overview
13.2.7.7. Financial Overview
13.2.8. Tate & Lyle PLC
13.2.8.1. Company Overview
13.2.8.2. Starch Products Presence
13.2.8.3. Business Strategies
13.2.8.4. Product Offerings
13.2.8.5. Key Developments
13.2.8.6. Regional Overview
13.2.8.7. Financial Overview
13.2.9. Roquette Frères S.A.
13.2.9.1. Company Overview
13.2.9.2. Starch Products Presence
13.2.9.3. Business Strategies
13.2.9.4. Product Offerings
13.2.9.5. Key Developments
13.2.9.6. Regional Overview
13.2.10. Tereos Syral S.A.S.
13.2.10.1. Company Overview
13.2.10.2. Starch Products Presence
13.2.10.3. Business Strategies
13.2.10.4. Product Offerings
13.2.10.5. Key Developments
13.2.10.6. Regional Overview
List of Tables
Table 1: North America Corn Starch Market Value (US$ Mn) & Volume (‘000 tons), Forecast by Country, 2014-2024
Table 2: North America Corn Starch Market Value (US$ Mn) & Volume (‘000 tons), Forecast by Product Type, 2014-2024
Table 3: North America Corn Starch Market Value (US$ Mn) & Volume (‘000 tons), Forecast by Application, 2014-2024
Table 4: Latin America Corn Starch Market Value (US$ Mn) & Volume (‘000 tons), Forecast by Country, 2014-2024
Table 5: Latin America Corn Starch Market Value (US$ Mn) & Volume (‘000 tons), Forecast by Product Type, 2014-2024
Table 6: Latin America Corn Starch Market Value (US$ Mn) & Volume (‘000 tons), Forecast by Application, 2014-2024
Table 7: Europe Corn Starch Market Value (US$ Mn) & Volume (‘000 tons), Forecast by Country, 2014-2024
Table 8: Europe Corn Starch Market Value (US$ Mn) & Volume (‘000 tons), Forecast by Product Type, 2014-2024
Table 9: Europe Corn Starch Market Value (US$ Mn) & Volume (‘000 tons), Forecast by Product Type, 2014-2024
Table 10: Europe Corn Starch Market Value (US$ Mn) & Volume (‘000 tons), Forecast by Application, 2014-2024
Table 11: Asia Pacific Corn Starch Market Value (US$ Mn) & Volume (‘000 tons), Forecast by Country, 2014-2024
Table 12: Asia Pacific Corn Starch Market Value (US$ Mn) & Volume (‘000 tons), Forecast by Product Type, 2014-2024
Table 13: Asia Pacific Corn Starch Market Value (US$ Mn) & Volume (‘000 tons), Forecast by Application, 2014-2024
Table 14: MEA Corn Starch Market Value (US$ Mn) & Volume (‘000 tons), Forecast by Country, 2014-2024
Table 15: MEA Corn Starch Market Value (US$ Mn) & Volume (‘000 tons), Forecast by Product Type, 2014-2024
Table 16: MEA Corn Starch Market Value (US$ Mn) & Volume (‘000 tons), Forecast by Application, 2014-2024
List of Figures
Figure 1: Global Corn Starch Market Value (US$ Mn) & Y-o-Y Growth (%), 2014-2024
Figure 2: Global Corn Starch Market Absolute $ Opportunity, 2014-2024
Figure 3: Global Corn Starch Market Volume (000’ tons) & Y-o-Y Growth (%), 2014-2024
Figure 4: Global Corn Starch Market Share Analysis, By Product Type, 2016 & 2024
Figure 5: Global Corn Starch Market Growth Rate (%), By Product Type, 2015-2024
Figure 6: Global Corn Starch Market Value (US$ Mn) & Y-o-Y Growth (%), By Native Starch Segment, 2014-2024
Figure 7: Global Corn Starch Market Absolute $ Opportunity, By Native Starch Segment, 2014-2024
Figure 8: Global Corn Starch Market Value (US$ Mn) & Y-o-Y Growth (%), By Modified Starch Segment, 2014-2024
Figure 9: Global Corn Starch Market Absolute $ Opportunity, By Modified Starch Segment, 2014-2024
Figure 10: Global Corn Starch Market Value (US$ Mn) & Y-o-Y Growth (%), By Sweetener Segment, 2014-2024
Figure 11: Global Corn Starch Market Absolute $ Opportunity, By Sweetener Segment, 2014-2024
Figure 12: Global Corn Starch Market Attractiveness, By Product Type, 2016-2024
Figure:13 Global Corn Starch Market Share Analysis, By Application, 2016 & 2024
Figure 14: Global Corn Starch Market Growth Rate (%),By Application, 2015-2024
Figure 15: Global Corn Starch Market Value (US$ Mn) & Y-o-Y Growth (%), By Food & Beverages Segment, 2014-2024
Figure 16: Global Corn Starch Market Absolute $ Opportunity, By Food & Beverages Segment, 2014-2024
Figure 17: Global Corn Starch Market Value (US$ Mn) & Y-o-Y Growth (%), By Animal Feed Segment, 2014-2024
Figure 18: Global Corn Starch Market Absolute $ Opportunity, By Animal Feed Segment, 2014-2024
Figure 19: Global Corn Starch Market Value (US$ Mn) & Y-o-Y Growth (%), By Pharmaceuticals & Chemicals Segment, 2014-2024
Figure 20: Global Corn Starch Market Absolute $ Opportunity, By Pharmaceuticals & Chemicals Segment, 2014-2024
Figure 21: Global Corn Starch Market Value (US$ Mn) & Y-o-Y Growth (%), By Textile Segment, 2014-2024
Figure 22: Global Corn Starch Market Absolute $ Opportunity, By Textile Segment, 2014-2024
Figure 23: Global Corn Starch Market Value (US$ Mn) & Y-o-Y Growth (%), By Paper & Corrugated Segment, 2014-2024
Figure 24: Global Corn Starch Market Absolute $ Opportunity, By Paper & Corrugated Segment, 2014-2024
Figure 25: Global Corn Starch Market Value (US$ Mn) & Y-o-Y Growth (%), By Other Segment, 2014-2024
Figure 26: Global Corn Starch Market Absolute $ Opportunity, By Other Segment, 2014-2024
Figure 27: Global Corn Starch Market Attractiveness, By Application, 2016-2024
Figure represents global corn starch market attractiveness index by application during the forecast period
Figure 29: Global Corn Starch Market Growth Rate (%), 2015-2024
Figure 30: Global Corn Starch Market Attractiveness, By Region, 2016-2024
Figure 31: North America Corn Starch Market Value (US$ Mn) & Y-o-Y Growth (%), 2014-2024
Figure 32: North America Corn Starch Market Absolute $ Opportunity, 2014-2024
Figure 33: North America Corn Starch Market Attractiveness, By Country, 2016-2024
Figure 34: North America Corn Starch Market Attractiveness, By Product Type, 2016-2024
Figure 35: North America Corn Starch Market Attractiveness, By Application, 2016-2024
Figure 36: Latin America Corn Starch Market Value (US$ Mn) & Y-o-Y Growth (%), 2014-2024
Figure 37: Latin America Corn Starch Market Absolute $ Opportunity, 2014-2024
Figure 38: Latin America Corn Starch Market Attractiveness, By Country, 2016-2024
Figure 39: Latin America Corn Starch Market Attractiveness, By Product Type, 2016-2024
Figure 40: Latin America Corn Starch Market Attractiveness, By Application, 2016-2024
Figure 41: Europe Corn Starch Market Value (US$ Mn) & Y-o-Y Growth (%), 2014-2024
Figure 42: Europe Corn Starch Market Absolute $ Opportunity, 2014-2024
Figure 43: Europe Corn Starch Market Attractiveness, By Country, 2016-2024
Figure 44: Europe Corn Starch Market Attractiveness, By Product Type, 2016-2024
Figure 45: Europe Corn Starch Market Attractiveness, By Application, 2016-2024
Figure 46: Asia Pacific Corn Starch Market Value (US$ Mn) & Y-o-Y Growth (%), 2014-2024
Figure 47: Asia Pacific Corn Starch Market Absolute $ Opportunity, 2014-2024
Figure 48: Asia Pacific Corn Starch Market Attractiveness, By Country, 2016-2024
Figure 49: Asia Pacific Corn Starch Market Attractiveness, By Product Type, 2016-2024
Figure 50: Asia Pacific Corn Starch Market Attractiveness, By Application, 2016-2024
Figure 51: MEA Corn Starch Market Value (US$ Mn) & Y-o-Y Growth (%), 2014-2024
Figure 52: MEA Pacific Corn Starch Market Absolute $ Opportunity, 2014-2024
Figure 53: MEA Corn Starch Market Attractiveness, By Country, 2016-2024
Figure 54: MEA Corn Starch Market Attractiveness, By Product Type, 2016-2024
Figure 55: MEA Corn Starch Market Attractiveness, By Application, 2016-2024
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Corn Starch Market Insights, 2024
