Market overview

The COVID-19 pandemic has temporarily affected the market due to government restrictions and strict norms. But the demand certainly raised because of the rising demand for processed and convenience food in the market. Moreover, the use of corn starch as a binder and disintegrant in medicines increased the demand for the ingredient, owing to the rising growth of the pharmaceutical industry during the pandemic.

It also applies textiles, laundry, foundry, air flotation, oil-well drilling, and adhesives. The factors that affect the demand for starch mainly include population growth and industrial development, specifically food and beverage, textiles, paper and printing, pharmaceuticals and other health and beauty products, and adhesives. Adopting clean label ingredients and growing consumer awareness in developing countries govern the bolstering demand for corn starch.

The industry reports suggest that the global corn starch market size is projected to grow at a CAGR of 6.6% during the ongoing forecast period.

Market segmentation

Corn starch is a result of corn grains. The global corn starch market can be segmented into native, modified, and sweetener based on product type. By application, the segmentation is done as food and beverage, animal feed, pharmaceuticals, textiles, paper and corrugated, and others. Moreover, the study analyses the corn starch market in emerging and established markets worldwide, including North America, Europe, Asia-Pacific, South America, and Middle East Africa. The market sizing and forecasts have been done for each segment based on the value.

Regional analysis

The North American region maintains the leading position in the global corn starch market due to the high consumption of processed and instant or convenience food products. The United States has formed the largest market in the region. The abundance of corn as a raw material in the country and the low prices of corn starch are the key drivers fuelling the growth of the corn starch industry in the United States market and overall North America. The rising population and increase in disposable income among consumers in the region cater to the rising consumption of processed and convenience food, increasing the demand for corn-starch. Major players help to create products specifically catering to the region.

Key Players

The market is fragmented with global players like Cargill Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Tate Lyle PLC, and Associated British Foods plc, among others. The key players are entering into mergers and acquisitions and new product development as some of their key strategies to achieve consolidation and optimize their offerings. Major global market companies are focusing on expanding their plant capacity to manufacture more products and extend their product line.

Industry News

For instance, in 2020, Tate Lyle, a global ingredient and solution provider for food and beverage, launched new gelling starches prepared from Non-GMO dent corn. These corn starches, namely, THINGUM 107NG and MERIZET 100NG, help optimize the jelly confections and processed cheese preparation. These products form the company's first Non-GMO starches prepared from dent corn in the United States.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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