Corn Starch Market Type, Application, Form and Region: Global Trends, Opportunity Analysis, and Industry Forecast, 2024-2030

The Global Corn Starch Market size reached USD 22.39 Bn in 2023 and is expected to reach USD 38.88 Bn by 2030, growing at a CAGR of 8.2 % during the forecast period.

Corn starch is a powdered product produced from corn by soaking, crushing, separation, purification, and drying. Corn starch is also called maize starch or corn flour in the U.S. In January 2023, the Corn Starch price amounted to $970 per ton, surging by 9.2% against the previous month.

The textile and paper industries have experienced healthy year-on-year growth which has increased the demand for corn starch production. The corn starch market is expected to experience steady growth in the coming years driven by an increasing demand for convenience and gluten-free products, growing industrial applications, rising popularity of natural and organic products, and a growing population.

The North American region is the largest consumer of corn starch accounting for over 60% of the global consumption. The demand is developing as a result of the region's growing processed food and convenience food consumption, growing population, and high disposable income among consumers. The key players operating in the corn starch market include Cargill, Ingredion, ADM, Tate & Lyle, Roquette, Grain Processing Corporation, Tereos, and others. These companies are focusing on product innovation and expansion of their production capacities to cater to the growing demand for corn starch from various industries. They optimize their supply chains to reduce costs and improve efficiency by sourcing high-quality raw materials, using advanced manufacturing processes, and implementing efficient logistics and distribution systems.To know about the Research Methodology :- Request Free Sample Report
Corn Starch Market Dynamics:
The growing demand for Clean Label Products to Drive Corn Starch Market Growth

Consumers are increasingly looking for food and beverage products that are free from artificial ingredients, additives, and preservatives. As a result, the demand for clean-label products has been growing steadily, and this trend is expected to continue during the forecast period.

To capitalize on the growing demand for clean-label products, corn starch manufacturers are investing in research and development to improve the quality and functionality of their products. They are also adopting sustainable practices and sourcing materials from sustainable sources to meet the growing demand for eco-friendly products. Thus, the growing demand for clean-label products is expected to drive the growth of the global corn starch market during the forecast period.

Cargill is a leading Corn Starch Market player and they offer a range of clean-label corn starches under their SimPure™ line. These starches are made from natural ingredients, and they are free from artificial additives such as emulsifiers, thickeners, and stabilizers. Their SimPure™ 99560 starch is a clean-label starch that can be used in dairy and bakery applications to improve texture and stability without compromising on taste or quality. The company is investing in research and development to improve the quality and functionality of its SimPure™ line of clean-label starches. They are also working with farmers to source non-GMO corn to produce their clean-label starches, which meet the needs of consumers who are looking for natural and non-genetically modified ingredients.

Increasing usage of corn starch especially in the food and beverage industries to drive Corn Starch Market growth

The increasing usage of corn starch in the food and beverage industries is driven by its versatility, cost-effectiveness, and functional properties making it a popular ingredient among manufacturers and consumers. Corn starch is used as a thickener, stabilizer, and binder in a wide range of food and beverage products such as soups, sauces, desserts, baked goods, and snacks.

The growth of the food and beverage industry particularly in developing countries is expected to drive the demand for the corn starch market. Furthermore, the increasing demand for convenience foods and ready-to-eat meals is also driving the growth of the corn starch market. Corn starch is an important ingredient in these products, as it helps to stabilize and preserve the food, ensuring a longer shelf life. Nestle is a multinational food and beverage company that uses corn starch as a thickener in Nestle's soups, sauces, and gravies as well as in its dairy products such as yogurt and ice cream.

Fluctuating raw material prices and Competition from alternative ingredients are expected to hamper the market

The corn starch market is expected to be affected by fluctuating raw material prices, which can impact the profitability of corn starch manufacturers and may also affect the price of end products that contain corn starch. The price of corn is affected by factors such as weather conditions, supply and demand, and government policies. These fluctuations impact the cost of corn starch production and may lead to higher prices for consumers. The prices of corn starch are often quoted in US dollars, and fluctuations in currency exchange rates affect the cost of imports and exports. Furthermore, Corn starch faces competition from alternative ingredients such as potato starch, tapioca starch, and rice starch. These ingredients offer similar functional properties and may be preferred by some manufacturers. Therefore, the Corn Starch Market is expected to hamper during the forecast period.
Corn Starch Market Segment Analysis:
Based on the Type, the modified corn starch segment held the largest revenue share of 12 % in 2023 and is expected to grow in the coming years because of the increasing demand for convenience foods, the growth of the processed food industry, and the need for cost-effective and sustainable ingredients. Moreover, the development of new and innovative products such as clean labels and non-GMO modified corn starch is also expected to drive segment growth during the forecast period.

Based on the Application, the Textile segment is an important growth factor for the Corn Starch industry because of the increasing demand for eco-friendly and sustainable textiles. Corn starch is a natural and biodegradable alternative to synthetic sizing agents and finishing agents, which are often petroleum-based and non-biodegradable. Moreover, the development of new and innovative products such as corn starch-based nanofibers and biodegradable packaging materials is also expected to drive the textile segment growth during the forecast period.
Corn Starch Market Regional Insights
The North America Corn Starch market is expected to grow at a CAGR of 14.5% during the forecast period. The United States is one of the largest corn-producing countries in the world, and corn is widely grown in many regions of North America. This makes corn starch production a cost-effective and efficient process, as raw material costs are low in this region.

The availability of advanced technology and R&D facilities also contributes to the growth of the corn starch market in the region. The development of new and innovative products such as clean label and non-GMO corn starch products helps to meet the evolving needs of customers in the food and other industries, which further drives market growth. The region's growing population and growth in disposable income contribute to the rising consumption of processed and convenient foods, increasing demand for corn starch. Furthermore, the Population expansion and industrial development of a country, notably food and beverage, textiles, paper and printing, pharmaceuticals and other health and beauty products, and adhesives are major variables influencing starch consumption in this region.

The Corn Starch market in the Asia Pacific region is expected to experience significant growth during the forecast period. Asia Pacific has the largest corn starch market globally, accounting for over 40% of the total market share. The food industry is the primary consumer of corn starch in the Asia Pacific, where it is used as a thickener, stabilizer, and texturizer in a wide range of food products, including soups, sauces, dressings, and confectionery. The Asia Pacific region is also a major producer of corn starch with China, Japan, and Thailand among the largest producers all over the world. Several multinational companies such as Cargill, ADM, and Tate & Lyle have a strong presence in the corn starch market in Asia Pacific. The corn starch market in China is highly competitive with several local players operating in the market. The Chinese government's policies and regulations such as import tariffs and environmental standards also influence the dynamics of the corn starch market in China.
Report Scope:
The report provides a quantitative analysis of the current Corn Starch market drivers, restraints, trends, estimations, and opportunities of the market to identify the prevailing opportunities in the market during the forecast period. PORTER's five forces analysis shows the ability of buyers and suppliers to make profit-oriented strategic decisions and build their supplier-buyer network. In-depth analysis as well as the market size and segmentation assist in determining the current Corn Starch market potential. Some factors that are supposed to affect the business positively or negatively have been analyzed in this report which will give a clear futuristic view of the industry to the decision-makers.

The report contains strategic profiling of top key players in the market, a wide-ranging analysis of their core competencies, and their strategies like new product launches, growths, agreements, joint ventures, partnerships, and acquisitions that apply to the businesses. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the internal or local market make the report investor’s guide. They are continuously strategizing on mergers & acquisitions for the expansion of their market share and growth opportunities during the forecast period.
Corn Starch Market Scope: Inquire before buying



Corn Starch Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 22.39 Bn.


Forecast Period 2024 to 2030 CAGR:
8.2%
Market Size in 2030:
US $ 38.88 Bn.


 Segments Covered:
by Type
Modified starch
Native starch
Sweeteners


by Application
Animal Feed
Food and Beverages
Paper and Board
Textiles
Others


by Form
Powder
Liquid



Corn Starch Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Corn Starch Market Key Players
1. Dow (U.S.)
2. BASF SE (Germany)
3. Chr. Hansen Holding A/S (Denmark)
4. DSM (Netherlands)
5. DuPont (U.S.)
6. Evonik Industries AG (Germany)
7. NOVUS INTERNATIONAL (U.S.)
8. Alltech (U.S.)
9. Associated British Foods plc (U.K.)
10.Charoen Pokphand Foods PCL (Thailand)
11.Cargill, Incorporated (U.S.)
12.Nutreco (Netherlands)
13.ForFarmers. (Netherlands)
14.De Heus Animal Nutrition (Netherlands)
15.Land O'Lakes (U.S.)
16.Kent Nutrition Group (U.S.)
17.SunOpta (Canada)
18.Scratch and Peck Feeds (U.S.)
19.Ingredion Incorporated (U.S.)
20.Tate and Lyle Plc (UK)
21.Archer-Daniels Midland Company (U.S.)
22.Global Bio-chem Technology Group Company Limited (China)
23.Tereos Syral S.A.S (France)
24.Roquette Frères S.A. (France)
25.Other Key Market Players

FAQs:

1. Who are the key players in the Corn Starch market?
Ans. Dow (U.S.), BASF SE (Germany) and Cargill, Incorporated (U.S.) are the major companies operating in the Corn Starch market.

2. Which Type segment dominates the Corn Starch market?
Ans. The Modified starch segment accounted for the largest share of the global Corn Starch market in 2023.

3. How big is the Corn Starch market?
Ans. The Global Corn Starch market size reached USD 22.39 Bn in 2023 and is expected to reach USD 38.88 Bn by 2030, growing at a CAGR of 8.2 % during the forecast period.

4. What are the key regions in the global Corn Starch market?
Ans. Based On the region, the Corn Starch Market has been classified into North America, Europe, Asia Pacific, the Middle, East and Africa, and Latin America. Europe dominates the global Corn Starch market.

5. What is the study period of this market?
Ans. The Global Corn Starch Market is studied from 2024 to 2030