Press Release
Press Release
The global market for native corn starch is being driven by the increasing demand in the food and beverage industry. This trend is further being supported by the rising global population and their subsequent food demands. In this regard, the United Nations' Food and Agriculture Organisation predicts that the food production is required to increase by 70% by 2050 to feed the global population. Additionally, the growing health consciousness of people is driving the demand for healthy food ingredients like native corn starch, which are plant-based and not chemically modified. In addition, the robust agricultural practices supporting the production of maize crop worldwide are also contributing to the growth of the market. For instance, in Turkey, around 25% of the locally grown corn is processed and its starch is separated from the corn by drying it into native corn starches, which is used for value-added manufacturing products. Moreover, the rapid development of starch derivatives is also leading to their increased use in many sectors such as food, medicine, and chemical industries. Furthermore, the growing technological advancements and the increasing research done by nanotechnologists to utilise corn starch in cancer treatments are also expected to invigorate the market growth in the forecast period.
The rising demand for native corn starch is leading many companies to offer diversified products, which is estimated to support the market growth. For instance, in November 2020, Ingredion Incorporated, a food company (NYSE: INGR) launched an organic instant functional native starch NOVATION® 9460 across Europe. These functional starches, manufactured in Europe, deliver the processing and stability benefits of traditional modified starches with the advantage of a simple, consumer-friendly label. These products will also help solve many stability problems faced by producers. In addition, its stability in severe environments and the enhanced texture offered by the product are estimated to support the market growth. Furthermore, Tate & Lyle PLC (OTCMKTS: TATYY) offers MERIZET® Starch, a line of native maize starch. The product provides various labelling options, stable moisture levels, microbial specifications, and powder flow properties. It also offers thickening, bulking and powder drying properties, which is leading to its increased demand in the production of sauces, soups, and cereals, among others. Such developments are expected to invigorate the native corn starch industry in the forecast period.
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The major players in the global native corn starch market are Cargill, Incorporated., Roquette Frères, Tereos Group, Gulshan Polyols Ltd., and HL Agro Products Pvt. Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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