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Global Native Corn Starch Market to Grow at a CAGR of 3.6% During 2022-2027, Aided by the Growing Use of Native Corn Starch Across Industries

According to a new report by EMR titled, ‘Global Native Corn Starch Market Report and Forecast 2022-2027’, the global market for native corn starch attained a volume of about 14.32 MMT in 2021. The industry is further expected to grow at a CAGR of 3.6% in the forecast period of 2022-2027 to reach a volume of 17.68 MMT by 2027.

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.

Market Analysis by Application and Regions:

  • The native corn starch industry by application can be segmented into pharmaceuticals, food and beverages, paper industry, personal care and cosmetics industry, and pet foods, among others.
  • The regional markets for native corn starch include North America, Europe, the Asia Pacific, Latin America, and the Middle East, and Africa.

Key Findings of the Report:

  • The global market for native corn starch is being driven by the rising inclination of population towards healthy and organic food products.
  • The growing consumer demand for clean-label and chemical free products is further supporting the industry.
  • The expanding application of native corn starch in various industries is also contributing to the market growth.
  • The rapid technological advancements, coupled with the investments made by the key industry players in research and development activities are expected to bolster the native corn starch industry in the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for native corn starch for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the applications and major regions of native corn starch.
  • The market report also analyses the trade data by covering the major importing and exporting countries.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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