Frozen Food Market Dairy Protein Market Food Service Equipment Market Corn Starch Market No. of Pages- 240
Global Opportunity Analysis Oppotunity Analysis Global Opportunity Analysis Global Opportunity Analysis Global Opportunity Analysis Global Opportunity Analysis and Industry Forecast, and Industry Forecast, and Industry Forecast, and Industry Forecast, and Forecast, andIndustry Industry Forecast, 2019-2026 2020-2027 2020-2027 2019-2026 2021-2027 2020-2027 Download Report Sample
Corn Starch Market
Expanding food & beverage industry, growing retail market, and multiple characteristics of starch drive the growth of the global corn starch market. However, availability of numerous substitutes and surge in consumer consciousness regarding negative effects of starch-rich diet hamper the market growth. On the contrary, increase in demand for clean label starch and resistant starch is expected to create lucrative opportunities for the market players in the future. Covid-19 scenario: •During the pandemic, the demand for packaged food and sweeteners has beenincreased due to their longer shelf life. •However, prolonged lockdown has affected the supply and distribution of packaged food & beverages. •More than 80% of global corn starch production is concentrated in the U.S. and China. However, declining output growth of corn starch and pandemic has affected the production significantly.
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Corn Starch Market By type, the sweetener segment held the largest share in 2019, accounting for more than half of the global corn starch market, owing to surge in demand for corn starch as an alternative sweetener in the food & beverage industry. The modified segment is estimated to register the highest CAGR of 7.4% during the forecast period. The growth of this segment is attributed to rise in adoption of modified corn starch as emulsifiers in the food & beverage industry, disintegrant in the pharmaceutical industry, and binder in the paper industry. By form, the powder segment is anticipated to portray the highest CAGR of 6.9% during the forecast period, due toincrease in use of powdered corn starch in cosmetics and pharmaceutical products such as tablets and baby powder. However, the market liquid segment held the largest share in 2019, contributing to more than half of the global corn starch market, owing torise in adoption of liquid corn starch in the textile industry coupled with increase in production of garments all over the world.
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Corn Starch Market Corn Starch Market by Type (Modified, Native, and Sweetener), Application (Food Ingredient, Pharmaceutical, and Others) and Form (Powdered and Liquid): Global Opportunity Analysis and Industry Forecast, 2021–2027".As per the report, the global corn starch industry was pegged at $13.67 billion in 2019, and is projected to reach $17.06 billion by 2027, growing at a CAGR of 6.4% from 2021 and 2027. The sweetener segment was the highest contributor to the market in 2019, and is estimated to grow at a CAGR of 5.6% during the forecast period. Asia-Pacific was the highest revenue contributor, accounting for almost half of the global market share 2019, and is estimated to grow at a CAGR of 7.5% through the forecast period.
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Corn Starch Market The Major Key Players Are: • • • • • • • • • •
Associated British Foods Plc Archer Daniels Midland Company Cargill, Inc. AGRANA - Beteiligungs AG Tate & Lyle PLC Ingredion Incorporated Hodgson Mill Roquette Frères S.A Global Bio-Chem Technology Group Company Limited ACH Food Companies
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Corn Starch Market Key findings of the study •On the basis of type, the modified segment is projected to witness the highest CAGR of 7.4% in terms of revenue during the forecast period. •By application, the food ingredient segment is expected to dominate the market through 2021–2027. •Depending on form, liquid segment occupied the largest share in 2019, and is expected to grow at the significant CAGR during the forecast period. •China was the largest country in terms of demand and production of corn starch in 2019. •Asia-Pacific is anticipated to dominate the market, registering a CAGR of 7.5% from 2021 to 2027.
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Corn Starch Market
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