Global Corn Starch Market Expected To Reach Around USD 53.23 Billion by 2032

global corn starch market According to the study conducted by the analysts at 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 players actively participating in the market include Ingredion Incorporated, Cargill, Avebe, Tate & Lyle, Global Bio-Chem Technology, Grain Processing Corporation, and Ajinomoto Company, among others. These contenders are exploring the market in new regions with several approaches such as mergers & acquisitions and new product development. To cite, T Kingsford & Son joined hands with Agro Ltd., its main rival, for extracting starch from the granules, which was a much low-priced resource compared to the ordinarily utilized potatoes and wheat. Previously it was utilized as a laundry additive. Following the unification, the firms could make much more high-quality products that can be utilized as a thickener for sauces and soups.

Rising Demand For Corn Starch From Food Industry To Propel Market Growth

The global corn starch market is anticipated to observe considerable growth during the forecast period. Corn starch is the most plentiful carbohydrate, after cellulose, in nature. The growth of the market is expected to be primarily driven by the rising need in packaging as well as other food industry sectors. It is utilized in the human diet on a daily basis and also as a stabilizer and thickening agent. Further, the product demand has also escalated with its use in biofuels production. The expansion of the ethanol industry has surfaced as a major factor for market growth. The product is being transformed into ethanol for such a long period of time now and is been utilized for producing good biofuel feedstock.

North America Expected To Maintain Its Market Dominance During The Forecast Period

The global corn starch market is divided based on application, type, and region. the application segment of the market is categorized into animal feed, paper & corrugated, food & beverages, textile, pharmaceuticals, and others. The type segment of the market is classified into modified starch, native starch, and sweeteners. Regionally, the global corn starch market is ruled by North America because of the high consumption of instant and processed food products. The biggest market is captured by the US. The large quantity of corn used as a raw material in the nation and the lower cost of the corn starch is the major factor propelling the corn starch market growth in the US. Further, Asia-Pacific is also projected to expand at a considerable CAGR in the coming period. The rise in disposable income among customers and increasing population in budding countries like India, Brazil, and China are projected to drive the regional South America and Asia Pacific corn starch market.

Browse the full “Global Corn Starch Market - By Application (Animal Feed, Food & Beverages, Paper & Corrugated, Textile, Pharmaceuticals, And Others), By Type (Modified Starch, Native Starch, And Sweeteners), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/corn-starch-market

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

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