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Australia Corn Starch Market Size, Share, Growth, Analysis: By Type: Modified Starch, Native Starch, Sweeteners; By Form: Liquid, Powdered; By Application: Animal Feed, Food and Beverages, Textile, Paper, and Corrugates, Pharmaceuticals and Chemicals, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Australia Corn Starch Market Outlook
The Australia corn starch market size is expected to grow at a CAGR of 6.2% between 2024 and 2032.
Key Takeaways
- As per industry reports, in 2022, Australia imported USD 16.4 million worth of maize (corn) starch, ranking as the 23rd largest importer of this product globally. During the same period, maize (corn) starch stood as the 1551st most imported item in Australia. The country's main sources of maize (corn) starch imports include the United States (USD 4.81 million), South Africa (USD 2.74 million), New Zealand (USD 2.66 million), China (USD 2.51 million), and Turkey (USD 1.23 million).
- Between 2021 and 2022, the most rapidly expanding import markets for maize (corn) starch in Australia were the United States (USD 1.56 million), India (USD 534,000), and South Africa (USD 335,000).
- Employing approximately 18,000 individuals, the paper industry in Australia boasts an annual sales income exceeding USD 9 billion, derived from a total production output of around 3 million tonnes. Australia demonstrates one of the world's highest paper recycling rates, with over 69% of all paper and paperboard utilised being recovered.
Corn starch is a versatile ingredient widely used across various industries, including paper, textiles, food and beverage, and pharmaceuticals. Its applications range from serving as a filler and sizing material in the paper industry to being utilised in adhesives and oil-well drilling. The demand for corn starch is influenced by factors such as population growth, industrial development, and consumer awareness of clean-label ingredients which act as factors propelling in the Australia corn starch market growth.
In the food and beverage sector, the rising demand for processed and convenience foods has led to an increased need for corn starch, particularly in modified forms. Clean-label ingredients are becoming increasingly popular among consumers, driving the demand for natural and high-quality starches. Additionally, the prevalence of celiac disease and gluten intolerance has contributed to the growing demand for gluten-free starch alternatives.
The trend towards using ethanol as an alternative to gasoline is expected to drive further demand for corn starch, a key component in ethanol production. However, the market may face challenges from potential substitutions like arrowroot in the food industry. Despite these challenges, advancements in biotechnology and the discovery of new fermentation organisms present opportunities for market participants to innovate and expand their product offerings aiding the Australia corn starch market development.
For Australia's exporters of corn starch, markets such as Malaysia, New Zealand, the Philippines, China, and Hong Kong offer significant export potential. The corn starch market remains robust, driven by its versatile applications and the growing demand for convenience foods, industrial activities, and gluten-free ingredients.
Market Segmentation
Australia Corn Starch Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Modified Starch
- Native Starch
- Sweeteners
Market Breakup by Form
- Liquid
- Powdered
Market Breakup by Application
- Animal Feed
- Food and Beverages
- Textile, Paper, and Corrugates
- Pharmaceuticals and Chemicals
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Key players in the market process and manufacture products to support the end users in the market.
- M and J Ingredients
- Cargill Australia Financial Services Pty Limited
- Manildra Flour Mills Pty. Ltd
- Steric Trading Pty Ltd
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Form |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Corn Starch Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Corn Starch Historical Market (2018-2023)
8.3 Asia Pacific Corn Starch Market Forecast (2024-2032)
9 Australia Corn Starch Market Overview
9.1 Key Industry Highlights
9.2 Australia Corn Starch Historical Market (2018-2023)
9.3 Australia Corn Starch Market Forecast (2024-2032)
10 Australia Corn Starch Market by Type
10.1 Modified Starch
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Native Starch
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Sweeteners
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Australia Corn Starch Market by Form
11.1 Liquid
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Powdered
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Australia Corn Starch Market by Application
12.1 Animal Feed
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Food and Beverages
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Textile, Paper, and Corrugates
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Pharmaceuticals and Chemicals
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Australia Corn Starch Market by Region
13.1 New South Wales
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Victoria
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Queensland
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Australian Capital Territory
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Western Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 M and J Ingredients
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Cargill Australia Financial Services Pty Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Manildra Flour Mills Pty. Ltd
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Steric Trading Pty Ltd
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Corn Starch Market: Key Industry Highlights, 2018 and 2032
2. Australia Corn Starch Market: Key Industry Highlights, 2018 and 2032
3. Australia Corn Starch Historical Market: Breakup by Type (USD Million), 2018-2023
4. Australia Corn Starch Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Australia Corn Starch Historical Market: Breakup by Form (USD Million), 2018-2023
6. Australia Corn Starch Market Forecast: Breakup by Form (USD Million), 2024-2032
7. Australia Corn Starch Historical Market: Breakup by Application (USD Million), 2018-2023
8. Australia Corn Starch Market Forecast: Breakup by Application (USD Million), 2024-2032
9. Australia Corn Starch Historical Market: Breakup by Region (USD Million), 2018-2023
10. Australia Corn Starch Market Forecast: Breakup by Region (USD Million), 2024-2032
11. Australia Corn Starch Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6.2% between 2024 and 2032.
The market is categorised according to its type, which includes modified starch, native starch, and sweeteners.
The key market players are M and J Ingredients, Cargill Australia Financial Services Pty Limited, Manildra Flour Mills Pty. Ltd, Steric Trading Pty Ltd, and others.
The market is driven by factors that include increasing applications in desserts and bakery items, rising vegan culture and growing demand for products with longer shelf life and higher quality, among others.
The market is categorised according to its application, which includes animal feed, food and beverages, textile, paper, and corrugates, pharmaceuticals and chemicals, and others.
In 2022, Australia's corn exports amounted to USD 38.9 million, positioning the country as the 43rd largest exporter of corn globally. During the same period, corn ranked as the 279th most exported product from Australia.
In the course of starch production, numerous by-products abundant in organic constituents and nutrients are also generated, including corn bran, corn germ, corn steep liquor, corn gluten, and others.
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