Market Analysis:
Corn starch or maize starch is the starch derived from the corn (maize) grain. The starch is obtained from the endosperm of the kernel. Corn starch is a popular food ingredient used in soups, sauces, and gravies and is used in making corn syrup and other sugars.
Based on type, the global corn starch market has been segmented into native, modified, and sweeteners. The sweeteners segment accounted for the maximum market share in 2018 and is expected to grow at a higher rate during the forecast period due to high usage of sweeteners in food & beverage industry. Modified starch performs function like emulsification, thickening, and stabilization. Thus, it is mainly preferred globally to be used in convenience or processed food such as noodles, soups, sauces, dressings, spreads, beverages, and others. Hence, the segment is expected to account for a substantial share of the market during the forecast period.
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The global market for corn starch has also been classified, by application, as food & beverage, pharmaceuticals and nutraceuticals, animal feed, and others. The food & beverage segment is expected to dominate the market due to the widespread use of corn starch in the preparation of bakery & confectionaries products. The food & beverage segment has further been divided into bakery and confectionery, sweet and savoury snacks, and others. The sweet and savory snacks segment is expected to register the highest CAGR during the forecast period owing to the increasing demand for corn-starch as thickening agent.
Major Key Players:
Some of the key players in the global corn starch market are Archer Daniels Midland Company (US), Cargill, Incorporated (US), Bayer AG (Germany), Grain Processing Corporation (US), Croda international (UK), AkzoNobel NV (Netherlands), Ajinomoto Company Incorporated (Japan), Henkel AG & Company, KGaA (Germany), Associated British Foods plc (UK), and Calpis Company (Japan).
Segmentation:
The global corn starch market has been segmented based on type, application, and region.
By type, the global corn starch market has been classified as native, modified, and sweeteners.
The global corn starch market has also been segregated, on the basis of application, into food & beverage, pharmaceutical and nutraceuticals, animal feed and others. The food & beverage segment has further been divided into bakery and confectionery, sweet and savory snacks, and others.
The global corn starch market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American corn starch market has further been segmented into the US, Canada, and Mexico. The European corn starch market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The corn starch market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The corn starch market in the rest of the world has been segmented into South America, the Middle East, and Africa
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Regional Analysis:
On the basis of region, the global corn starch market has been segmented by North America, Europe, Asia-Pacific, and RoW. North America is expected to dominate the global corn starch market owing to the increasing prevalence of gluten intolerance and celiac disease, especially in the US.
The corn starch market in Asia-Pacific is expected to grow rapidly due to the increasing adoption of healthy, gluten-free diets by the rising health-conscious population. Emerging markets such as China and India are projected to contribute to the growth of the regional corn starch market. China is the largest market for animal feed, where corn starch is being increasingly used.
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