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Global Corn Starch Market Share, Size, Growth, Analysis: By Type: Native Starch, Modified Starch, Sweeteners; By Application: Food and Beverages, Animal Feed, Pharmaceuticals and Chemicals, Textiles, Paper and Corrugates; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Corn Starch Market Outlook
The global corn starch market reached a volume of approximately 84.86 million tons in 2022. The market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 2.7%, and is estimated to reach a volume of 94.90 million tons by 2028.
The US is the largest producer in the global corn starch market. The European Union is a significant global producer of corn, accounting for 6% of its total output and nearly 13% of its output in the EU is utilised in the production of starches along with glucose and other sweeteners. In 2017, the total starch production in the EU witnessed an increase of 1% as compared to the previous year, reaching over 9.4 million metric tons. Cooperatives and farmers in the region produced almost 24 million tonnes of agricultural raw materials for starch production. China is one of the major corn starch consuming nations, globally, having a significant share in the end-use sectors of processed corn starch like polyols and High Fructose Corn Syrup (HFCS).
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The prices of corn starch are highly dependent upon its feedstock. Corn or maize accounts for nearly three-fourths of the total starch production, globally. The global corn output was nearly 1044.6 million tons in 2017. The US is a major corn producer, accounting for more than 35% of the global output. The country witnessed a record yield in 2017 due to favourable weather conditions conducive for the crop growth. It is also a leading exporter of corn. Globally, the corn consumption has witnessed a healthy growth over the past few years driven by the rising demand from major end-use sectors like ethanol, animal feed, and other industrial application. The production of sorbitol is another significant end-use sector of corn. The growth in demand is being driven by the major corn consuming nations like China and the US.
Market Segmentation
Corn starch, also known as maize starch, is a starch obtained from the grains of corn. It is derived from the corn kernel endosperm. It is commonly used in the food sector as a thickening agent for soups and sauces, and also finds extensive use in the production of corn syrup and sweeteners.
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Based on type, the industry is segmented into:
- Native Starch
- Modified Starch
- Sweeteners
On the basis of application, the market for corn starch is divided into:
- Food and Beverages
- Animal Feed
- Pharmaceuticals and Chemicals
- Textiles
- Paper and Corrugates
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Market Analysis
The global corn starch market is being driven by the high rate of corn production, globally. The industry is being aided by its growing application in the food industry. It is widely used as a thickener in food items like gravies, soups, and sauces. It also finds applications as a coating in deep-fried food to give them a crispy texture, and in baked goods to provide them with moisture and fullness. Being gluten-free, it is unaffected by the shift towards gluten-free products. The steady growth of the bakery industry is also aiding the growth of the product in the food sector. In 2018, the global bakery industry attained a value of USD 482 billion. The US, which is a leading corn starch market, is also a significant bakery market thus aiding the industry. Sweeteners represent one of the major categories of corn starch, which is expected to see a healthy growth in the coming years.
This industry is also being driven by its rising application in the non-food sectors like the textile and paper industries. The increase in the consumption of paper in countries like China, the US, and Japan, is further propelling the industry forward. It is also widely used in the manufacture of latex materials like gloves and diaphragms. The rising demand for the product in the biofuels sectors is projected to drive the market growth in the coming few years. Growing population and rapid urbanisation are also providing impetus to the global industry growth.
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Competitive Landscape
The report gives a detailed analysis of the following key players in the global corn starch market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Cargill, Incorporated.
- Archer Daniels Midland Company
- Ingredion Incorporated
- Tate & Lyle PLC
- Roquette Frères S.A.
- Tereos SA
- AGRANA Beteiligungs-AG
- Grain Processing Corporation
- HL Agro Products Pvt. Ltd.
- Associated British Foods plc
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Corn Market Overview
8.1 Key Industry Highlights
8.2 Global Corn Historical Market (2018-2022)
8.3 Global Corn Market Forecast (2023-2028)
8.4 Global Corn Market by Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Global Corn Starch Market Analysis
9.1 Key Industry Highlights
9.2 Global Corn Starch Historical Market (2018-2022)
9.3 Global Corn Starch Market Forecast (2023-2028)
9.4 Global Corn Starch Market by Type
9.4.1 Native Starch
9.4.1.1 Historical Trend (2018-2022)
9.4.1.2 Forecast Trend (2023-2028)
9.4.2 Modified Starch
9.4.2.1 Historical Trend (2018-2022)
9.4.2.2 Forecast Trend (2023-2028)
9.4.3 Sweeteners
9.4.3.1 Historical Trend (2018-2022)
9.4.3.2 Forecast Trend (2023-2028)
9.5 Global Corn Starch Market by Application
9.5.1 Food and Beverages
9.5.1.1 Historical Trend (2018-2022)
9.5.1.2 Forecast Trend (2023-2028)
9.5.2 Animal Feed
9.5.2.1 Historical Trend (2018-2022)
9.5.2.2 Forecast Trend (2023-2028)
9.5.3 Pharmaceuticals and Chemical
9.5.3.1 Historical Trend (2018-2022)
9.5.3.2 Forecast Trend (2023-2028)
9.5.4 Textiles
9.5.4.1 Historical Trend (2018-2022)
9.5.4.2 Forecast Trend (2023-2028)
9.5.5 Paper and Corrugates
9.5.5.1 Historical Trend (2018-2022)
9.5.5.2 Forecast Trend (2023-2028)
9.5.6 Others
9.6 Global Corn Starch Market by Region
9.6.1 North America
9.6.1.1 Historical Trend (2018-2022)
9.6.1.2 Forecast Trend (2023-2028)
9.6.2 Europe
9.6.2.1 Historical Trend (2018-2022)
9.6.2.2 Forecast Trend (2023-2028)
9.6.3 Asia Pacific
9.6.3.1 Historical Trend (2018-2022)
9.6.3.2 Forecast Trend (2023-2028)
9.6.4 Latin America
9.6.4.1 Historical Trend (2018-2022)
9.6.4.2 Forecast Trend (2023-2028)
9.6.5 Middle East and Africa
9.6.5.1 Historical Trend (2018-2022)
9.6.5.2 Forecast Trend (2023-2028)
10 North America Corn Starch Market Analysis
10.1 Market by Type
10.2 Market by Application
10.3 Market by Country
10.3.1 United States of America
10.3.1.1 Historical Trend (2018-2022)
10.3.1.2 Forecast Trend (2023-2028)
10.3.2 Canada
10.3.2.1 Historical Trend (2018-2022)
10.3.2.2 Forecast Trend (2023-2028)
11 Europe Corn Starch Market Analysis
11.1 Market by Type
11.2 Market by Application
11.3 Market by Country
11.3.1 United Kingdom
11.3.1.1 Historical Trend (2018-2022)
11.3.1.2 Forecast Trend (2023-2028)
11.3.2 Germany
11.3.2.1 Historical Trend (2018-2022)
11.3.2.2 Forecast Trend (2023-2028)
11.3.3 France
11.3.3.1 Historical Trend (2018-2022)
11.3.3.2 Forecast Trend (2023-2028)
11.3.4 Italy
11.3.4.1 Historical Trend (2018-2022)
11.3.4.2 Forecast Trend (2023-2028)
11.3.5 Others
12 Asia Pacific Corn Starch Market Analysis
12.1 Market by Type
12.2 Market by Application
12.3 Market by Country
12.3.1 China
12.3.1.1 Historical Trend (2018-2022)
12.3.1.2 Forecast Trend (2023-2028)
12.3.2 Japan
12.3.2.1 Historical Trend (2018-2022)
12.3.2.2 Forecast Trend (2023-2028)
12.3.3 India
12.3.3.1 Historical Trend (2018-2022)
12.3.3.2 Forecast Trend (2023-2028)
12.3.4 ASEAN
12.3.4.1 Historical Trend (2018-2022)
12.3.4.2 Forecast Trend (2023-2028)
12.3.5 South Korea
12.3.5.1 Historical Trend (2018-2022)
12.3.5.2 Forecast Trend (2023-2028)
12.3.6 Australia
12.3.6.1 Historical Trend (2018-2022)
12.3.6.2 Forecast Trend (2023-2028)
12.3.7 Others
13 Latin America Corn Starch Market Analysis
13.1 Market by Type
13.2 Market by Application
13.3 Market by Country
13.3.1 Brazil
13.3.1.1 Historical Trend (2018-2022)
13.3.1.2 Forecast Trend (2023-2028)
13.3.2 Argentina
13.3.2.1 Historical Trend (2018-2022)
13.3.2.2 Forecast Trend (2023-2028)
13.3.3 Mexico
13.3.3.1 Historical Trend (2018-2022)
13.3.3.2 Forecast Trend (2023-2028)
13.3.4 Others
14 Middle East and Africa Corn Starch Market Analysis
14.1 Market by Type
14.2 Market by Application
14.3 Market by Country
14.3.1 Saudi Arabia
14.3.1.1 Historical Trend (2018-2022)
14.3.1.2 Forecast Trend (2023-2028)
14.3.2 United Arab Emirates
14.3.2.1 Historical Trend (2018-2022)
14.3.2.2 Forecast Trend (2023-2028)
14.3.3 Nigeria
14.3.3.1 Historical Trend (2018-2022)
14.3.3.2 Forecast Trend (2023-2028)
14.3.4 South Africa
14.3.4.1 Historical Trend (2018-2022)
14.3.4.2 Forecast Trend (2023-2028)
14.3.5 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Value Chain Analysis
17 Trade Data Analysis (HS Code - 110812)
17.1 Major Importing Countries
17.1.1 By Volume
17.1.2 By Value
17.2 Major Exporting Countries
17.2.1 By Volume
17.2.2 By Value
18 Price Analysis
18.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
18.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
18.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
18.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
18.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
19 Manufacturing Process
19.1 Detailed Process Flow
19.2 Operations Involved
19.3 Mass Balance
20 Project Requirement and Cost Analysis
20.1 Land, Location, and Site Development
20.2 Construction
20.3 Plant Machinery
20.4 Cost of Raw Material
20.5 Packaging
20.6 Transportation
20.7 Utilities
20.8 Manpower
20.9 Other Capital Investment
21 Project Economics
21.1 Capital Cost of the Project
21.2 Techno-Economic Parameters
21.3 Product Pricing and Margins Across Various Levels of the Supply Chain
21.4 Taxation and Depreciation
21.5 Income Projections
21.6 Expenditure Projections
21.7 Financial Analysis
21.8 Profit Analysis
22 Competitive Landscape
22.1 Market Structure
22.2 Company Profiles
22.2.1 Cargill, Incorporated.
22.2.1.1 Company Overview
22.2.1.2 Product Portfolio
22.2.1.3 Demographic Reach and Achievements
22.2.1.4 Certifications
22.2.2 Archer Daniels Midland Company
22.2.2.1 Company Overview
22.2.2.2 Product Portfolio
22.2.2.3 Demographic Reach and Achievements
22.2.2.4 Certifications
22.2.3 Ingredion Incorporated
22.2.3.1 Company Overview
22.2.3.2 Product Portfolio
22.2.3.3 Demographic Reach and Achievements
22.2.3.4 Certifications
22.2.4 Tate & Lyle PLC
22.2.4.1 Company Overview
22.2.4.2 Product Portfolio
22.2.4.3 Demographic Reach and Achievements
22.2.4.4 Certifications
22.2.5 Roquette Frères S.A.
22.2.5.1 Company Overview
22.2.5.2 Product Portfolio
22.2.5.3 Demographic Reach and Achievements
22.2.5.4 Certifications
22.2.6 Tereos SA
22.2.6.1 Company Overview
22.2.6.2 Product Portfolio
22.2.6.3 Demographic Reach and Achievements
22.2.6.4 Certifications
22.2.7 AGRANA Beteiligungs-AG
22.2.7.1 Company Overview
22.2.7.2 Product Portfolio
22.2.7.3 Demographic Reach and Achievements
22.2.7.4 Certifications
22.2.8 Grain Processing Corporation
22.2.8.1 Company Overview
22.2.8.2 Product Portfolio
22.2.8.3 Demographic Reach and Achievements
22.2.8.4 Certifications
22.2.9 HL Agro Products Pvt. Ltd.
22.2.9.1 Company Overview
22.2.9.2 Product Portfolio
22.2.9.3 Demographic Reach and Achievements
22.2.9.4 Certifications
22.2.10 Associated British Foods plc
22.2.10.1 Company Overview
22.2.10.2 Product Portfolio
22.2.10.3 Demographic Reach and Achievements
22.2.10.4 Certifications
22.2.11 Others
23 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Corn Starch Market: Key Industry Highlights, 2018 and 2028
2. Global Corn Starch Historical Market: Breakup by Type (MMT), 2018-2022
3. Global Corn Starch Market Forecast: Breakup by Type (MMT), 2023-2028
4. Global Corn Starch Historical Market: Breakup by Application (MMT), 2018-2022
5. Global Corn Starch Market Forecast: Breakup by Application (MMT), 2023-2028
6. Global Corn Starch Historical Market: Breakup by Region (MMT), 2018-2022
7. Global Corn Starch Market Forecast: Breakup by Region (MMT), 2023-2028
8. North America Corn Starch Historical Market: Breakup by Country (MMT), 2018-2022
9. North America Corn Starch Market Forecast: Breakup by Country (MMT), 2023-2028
10. Europe Corn Starch Historical Market: Breakup by Country (MMT), 2018-2022
11. Europe Corn Starch Market Forecast: Breakup by Country (MMT), 2023-2028
12. Asia Pacific Corn Starch Historical Market: Breakup by Country (MMT), 2018-2022
13. Asia Pacific Corn Starch Market Forecast: Breakup by Country (MMT), 2023-2028
14. Latin America Corn Starch Historical Market: Breakup by Country (MMT), 2018-2022
15. Latin America Corn Starch Market Forecast: Breakup by Country (MMT), 2023-2028
16. Middle East and Africa Corn Starch Historical Market: Breakup by Country (MMT), 2018-2022
17. Middle East and Africa Corn Starch Market Forecast: Breakup by Country (MMT), 2023-2028
18. Major Importing Countries by Volume
19. Major Exporting Countries by Volume
20. Major Importing Countries by Value
21. Major Exporting Countries by Value
22. North America Historical Price Trends and Forecast (2018-2028)
23. Europe Historical Price Trends (2018-2022) and Forecast (2018-2028)
24. Asia Pacific Historical Price Trends and Forecast (2018-2028)
25. Latin America Historical Price Trends and Forecast (2018-2028)
26. Middle East and Africa Historical Price Trends and Forecast (2018-2028)
27. Global Corn Starch Market Structure
Key Questions Answered in the Report
In 2022, the global corn starch market attained a volume of approximately 84.86 million tons.
The market is projected to grow at a CAGR of 2.7% between 2023 and 2028.
The market is estimated to grow in the forecast period of 2023-2028 to reach about 94.90 million tons by 2028.
The major drivers of the market include growing production of corn, increasing demand in the food industry, growing consumption of processed food products, rising demand in textiles and paper industry, rising disposable incomes, and rapid urbanisation, are expected to aid the market growth.
The increasing demand for corn starch to prepare biofuels is the key trend guiding the growth of the corn starch market.
The major regional markets are North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.
Native starch, modified starch, and sweeteners are the major type of corn starch in the market.
The significant applications of corn starch are food and beverages, animal feed, pharmaceuticals and chemicals, textile, and paper and corrugates, among others.
The major players in the market are Cargill, Incorporated., Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, Roquette Frères S.A., Tereos SA, AGRANA Beteiligungs-AG, Grain Processing Corporation, HL Agro Products Pvt. Ltd., and Associated British Foods plc, among others.
Analyst Review
The global corn starch market attained a volume of 84.86 million tons in 2022, driven by the increasing corn production and rising demand in food industry for thickening applications. Aided by the growing demand for biofuels, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 2.7%. The corn starch market is projected to reach 94.90 million tons by 2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on type, the market can be segmented into native starch, modified starch, and sweeteners. On the basis of application, the market can be segmented into food and beverages, animal feed, pharmaceuticals and chemicals, textiles, and paper and corrugates, among others. The major regional markets for corn starch are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Cargill, Incorporated., Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, Roquette Frères S.A., Tereos SA, AGRANA Beteiligungs-AG, Grain Processing Corporation, HL Agro Products Pvt. Ltd., and Associated British Foods plc, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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