Corn Starch Market Size, Share, Trends, Growth and Forecast 2032

Global Corn Starch Market Insights

According to Zion Market Research, the global Corn Starch Market was worth USD 25.33 Billion in 2023. The market is forecast to reach USD 53.23 Billion by 2032, growing at a compound annual growth rate (CAGR) of 8.6% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Corn Starch industry over the next decade.

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Introduction

Starch is a natural polymer produced by plants in abundance and corn starch is one of its kind. Apparently, corn starch is derived from maize and is a common food constituent that is often utilized in order to thicken soups and make corn sugars & corn soups. In addition to this, corn starch is adaptable, can be easily modified, and finds slew of applications in adhesives, paper items, and textile production. Moreover, it is also used as anti-sticking agent and is utilized in Animal Feed sector.

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Market Growth Drivers

Mechanical features and solubility of the product in water will drive the market trends. Apart from this, rise in the use of the product in food & beverages, paper & board, processed food, and detergents will proliferate the expansion of the market over the estimated timespan. In addition to this, corn starch is also utilized treating of human beings against glycogen storage ailment.

Furthermore, food producers minimize the manufacturing costs through addition of varying proportion of corn starch in food products and this will further boost the market growth in the foreseeable future. Escalating use of ethanol as a biofuel feedstock instead of petroleum will further expedite the growth of industry over the forthcoming years. Additionally, extensive product penetration in paper & textile sectors and its use as stabilizer will drive the market trends. However, unfavorable climate conditions can obstruct production of corn starch as well as hinder the supply chain of the product affecting its costs and this can impede the market growth.

Global Corn Starch Market: Segmentation     

The study provides a decisive view of the corn starch market by segmenting the market based on By type, by Application And by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By type segment analysis includes modified starch, native starch, sweeteners.

By application segment analysis includes animal feed, food & beverages, paper & corrugated, textile, pharmaceuticals, others

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Corn Starch Market: Report Scope

North America To Retain Its Industry Dominance Even In Future

The growth of the market in North America over the forecast timeline is due to massive product utilization in animal feed along with its use in producing pet food, pharmaceutical, and personal care & cosmetic items in the countries like the U.S. Moreover, U.S. is the largest corn manufacturer. Additionally, intake of convenience diet as well as RTE snacks will steer the regional market trends over the forthcoming years.

Key players influencing the market growth include-

• Tate & LyleGrain Processing Corporation
• Avebe
• Ingredion Incorporated
• Cargill
• Ajinomoto Company.

The global corn starch market is segmented as follows:

By Type

• Modified Starch
• Native Starch
• Sweeteners

By Application

• Animal Feed
• Food & Beverages
• Paper & Corrugated
• Textile
• Pharmaceuticals
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa