Corn Starch Market Research Report Information By Type (Native, Modified And Sweeteners), By Application (Food & Beverage, Pharmaceuticals And Nutraceuticals, Animal Feed And Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030.

Global Corn Starch Market Overview

Corn Starch Market Size was valued at USD 11.1 billion in 2022. The corn starch market industry is projected to grow from USD 11.8 Billion in 2023 to USD 17.3 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.60% during the forecast period (2023 - 2030). Increasing bakery demand and increasing cases of celiac disease and gluten intolerance are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Corn Starch Market Trends

• The main factor boosting market growth is the rising demand for clean label products.
  

In the upcoming years, the growing trend towards using ethanol instead of gasoline is likely to be the main driving force. A vital component in producing ethanol is corn starch. Throughout the anticipated period, the market is anticipated to be seriously threatened by the potential for arrowroot substitution in the food industry. Market participants should have several opportunities thanks to advances in biotechnology, rising production of chemicals with added value, and the discovery of new fermentation organisms.

Furthermore, the primary driving force over the coming years will probably be the expanding trend of using ethanol instead of gasoline. An important component in the production of ethanol is corn starch. Throughout the anticipated period, the possibility of arrowroot substitution in the food industry is anticipated to pose a significant threat to the market. The development of biotechnology, rising production of chemicals with added value, and the identification of novel fermentation organisms are all expected to offer market participants a number of opportunities.

Corn Starch Market Segment Insights

Corn Starch Type Insights

Based on the Product Type, the corn starch market segmentation is divided into Modified Starch, Native Starch, and Sweeteners.  Among these, sweetener is predicted to rule the corn starch market over the course of the forecast. Only food, such as soups, desserts, and sauces, as well as a variety of non-food items, are used to enhance the flavour of cornflour. Cornstarch is an ingredient in food. Sweetener is the market leader in this category. The material is used, for instance, in medications, chemical products, food and drinks, animal feeds, paper, and textiles. The industry leader in this regard is food and beverage. As the economy expands, revenue is generated by the corn starch market.

Figure 1: Corn Starch Market, by type, 2022 & 2030 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Corn Starch application Insights

The corn starch market segmentation, based on application, includes food & beverage, pharmaceuticals and nutraceuticals, animal feed and others. Food and beverages dominated the market for corn starch during the anticipated period, according to market projections by application. This is a result of the food service sector's expanding use of corn starch as an ingredient. The market for corn starch has also been driven by an increase in fast food restaurants, cafes, and food outlets. On the other hand, a decline in the consumption of food and drink purchased outside the home has had a detrimental effect on market growth in 2020 as a result of the ongoing pandemic and the implementation of lockdown.

Corn Starch Regional Insights

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North American corn starch market is likely to dominate the corn starch market during the forecast period, owing to the food and beverage industry's increased acceptance of gluten-free ingredients. The rising prevalence of gluten intolerance and celiac disease in the United States is the primary driver of the corn starch market in North America. The region's growing population and growth in disposable income contribute to rising consumption of processed and convenient foods, increasing demand for corn starch. Leading market participants are developing products to meet the needs of the region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: CORN STARCH MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe corn starch market accounts for the second-largest market share due to the increase in corn starch demand for bakery uses in food and drink. Further, the Germany corn starch market held the largest market share, and the UK corn starch market was the fastest-growing market in the European region

The Asia-Pacific Corn Starch Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to how consumer lifestyles and purchasing habits have changed as a result of Asia-Pacific countries' rapid economic expansion. The demand for items containing corn starch has grown over time as a result of the increase in packaged food and beverage consumption in this area. Moreover, China corn starch market held the largest market share, and the India corn starch market was the fastest growing market in the Asia-Pacific region

Corn Starch Key Market Players & Competitive Insights

Leading market participants are investing heavily in R&D to expand their product lines, which will help the corn starch market grow even more. Market participants are also pursuing a variety of strategic measures to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and thrive in an increasingly competitive and rising market climate, competitors in the corn starch business must offer cost-effective items.

Manufacturing locally to cut operational costs is one of the main business methods used by producers in the corn starch industry to benefit customers and develop the market sector. The corn starch sector has recently given medicine some of the most important advantages. Major players in the corn starch industry, including Archer Daniels Midland Company (US), Agrana Group (Austria), Avebe U.A. (The Netherlands), Beneo GmbH (Germany), and others, are aiming to increase market demand by investing in research and development operations.

The Archer-Daniels-Midland Company, also referred to as ADM, is a multinational American firm that was established in 1902 and has its headquarters in Chicago, Illinois. The company manages more than 270 plants and 420 crop procurement facilities around the world, where cereal grains and oilseeds are converted into goods used in the food, beverage, nutraceutical, industrial, and animal feed sectors. In the list of the 500 biggest American companies released in 2020, ADM came placed at number 54. Agribusiness storage and delivery services are also offered by the business.  In December 2022, ADM declared that it would make investments to increase the starch production at its facilities in Marshall, Minnesota.

The Grains Trade Convention is managed by the International Grains Council (IGC), an intergovernmental organization that aims to encourage cooperation in the world grain trade. It's entrusted with boosting market stability and world food security through providing unbiased analysis on supply and demand fundamentals in the grains and oilseed sectors and improving transparency through regular reporting on market and policy developments. In March 2021, The United States Grains Council cooperated with an Egyptian corn starch firm. This collaboration aims to improve plant profitability by generating more efficient operations.

Key Companies in the corn starch market includes

• Archer Daniels Midland Company (US)


• Cargill


• Incorporated (US)


• Grain Processing Corporation (US)


• Croda international (UK)


• AkzoNobel NV (Netherlands)


• Bayer AG (Germany)


• Ajinomoto Company Incorporated (Japan)


• Henkel AG & Company


• KGaA (Germany)


• Associated British Foods plc (UK)


• Calpis Company (Japan) among others

Corn Starch Industry Developments

In May 2022, ADM invested in the starch manufacturing plant facility to boost its production capacity. To meet rising demand, the company has opted to expand its Marshall, MN location.

In January 2022., DFE Pharma added three starch-based excipients to their nutraceutical offering Nutroféli ST100 is a native maize starch; ST200 is a slightly pre-gelatinized maize starch; and ST300 is a fully gelatinized maize starch.

In March 2022, Promateris, a Romanian industrial group and the region's market leader for compostable and biodegradable materials, has declared its intention to increase its share capital. To maintain Promateris' trajectory of growth, a capital increase is being requested. Promateris hopes that through supporting organic growth and M&A potential, the increase in share capital would help it to accelerate its expansion and strengthen its position in the area. In order to manufacture recyclable and biodegradable packaging, Promateris will also start producing raw materials based on maize starch. By developing its formulas and methods for this brand-new industry, Promateris will be the first company in Eastern Europe to produce corn starch raw materials.

Corn Starch Market Segmentation

Corn Starch Type Outlook

• Native


• Modified


• Sweeteners

Corn Starch Application Outlook

• Food & Beverage


• Pharmaceuticals and Nutraceuticals


• Animal Feed


• Others

Corn Starch Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America