Corn Starch Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Corn Starch Market Analysis & Price Trends and it is Segmented by Type (Native Starch,and Modified Starch), Application (Foods and Beverages, Animal Feed, Pharmaceuticals, Textile, Paper and Corrugated, and Other Applications), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The market size and forecasts are provided in terms of value in USD million during the next five years for all the above segments.

Corn Starch Market Size

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Corn Starch Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.35 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

corn starch market Major Players

*Disclaimer: Major Players sorted in no particular order

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Corn Starch Market Analysis

The corn starch market is projected to witness a CAGR of 6.35% in the coming five years.

Corn starch is widely used in different industries. The paper industry utilizes corn starch as filler and sizing materials. It also finds application in textiles, laundry, foundry, air flotation, oil-well drilling, and adhesives. While much of starch is employed in its natural form, it is also easily converted to other forms. Most corn starch is made into starch syrups, and the balance is made up of native and modified starches. The factors that contribute to the demand for starch are population growth and industrial development of a country, including food and beverage, textiles, paper and printing, pharmaceuticals and other health and beauty products, and adhesives.

The adoption of clean-label ingredients and growing consumer awareness in developing countries are bolstering the demand for corn starch. The demand for corn starch has increased in the food and beverage industry owing to the rising demand for processed and convenience food in the market. Moreover, the use of corn starch as a binder and disintegrant in medicines increased the demand for the ingredient due to the growth of the pharmaceutical industry during the pandemic. According to the India Brand Equity Foundation, the pharmaceutical market in India rose from 13.7% in July 2020 to 17.7% in August 2021. Furthermore, according to India Ratings & Research, the Indian pharmaceutical market revenue predicted to be over 12% by the end of 2022. Thus, the demand for corn starch is expected to increase in the upcoming years.

Corn Starch Market Trends

This section covers the major market trends shaping the Corn Starch Market according to our research experts:

Increase in Demand for Clean-label Ingredients

The trend of clean-label ingredients and products is drastically impacting food and beverage as well as other industries operating across the world. The rising health consciousness among consumers and the high demand for natural, pure, and high-quality products have generated the demand for clean-label starches. Also, with the global economy gradually improving and resulting in an increased intake of processed and convenience foods, the market for modified starch, which finds substantial usage in these food applications, is witnessing increasing demand. This, in turn, is increasing the overall growth of the corn starch market.

Companies have acknowledged this rising demand for clean-label corn starch, owing to the increasing demand for clean and simple ingredients, and are creating products to satisfy consumer demands. Additionally, market players are expanding their production capacity. For instance, in September 2022, Ingredion set up a state-of-the-art starch production facility in China that will produce sustainable products. The new specialty starch plant that Ingredion has built will assist the company in advancing sustainable production and securing supply to the global food and beverage chain.

Corn Starch Market: Consumer's Attitude Towards Food Ingredients (%), United States, 2021

North America Holds the Major Market Share

North America holds the leading position in the corn starch market due to the high consumption of processed and instant or convenience food products in the region. The United States formed the largest market in the region. The abundance of corn as a raw material in the country and the low prices of corn starch are the key drivers fuelling the growth of the corn starch industry in the US and North American markets. The rising population and increase in disposable income among consumers in the region cater to the rising consumption of processed and convenience food, thereby increasing the demand for corn starch. Major players in the market are creating products catering to the demands of the region.

Corn Starch Market : Market Size (%), By Region, Global, 2021

Corn Starch Industry Overview

The corn starch market is highly competitive, with the presence of many global and regional players in the market. The market is fragmented with the presence of global players like Cargill Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, and Associated British Foods PLC. The key players are engaging in mergers and acquisitions and new product development as some of their key strategies to achieve consolidation and optimize their offerings. Major companies are focusing on expanding their plant capacity to manufacture more products and extend their product line. This also helps the companies to cater to the rising demand for the ingredient in the market while expanding their presence globally.

Corn Starch Market Leaders

  1. Cargill Incorporated

  2. Archer Daniels Midland Company

  3. Ingredion Incorporated

  4. Tate & Lyle PLC

  5. Associated British Foods plc

*Disclaimer: Major Players sorted in no particular order

Corn Starch Market Concentration
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Corn Starch Market News

  • May 2022: ADM invested in the facility of the starch manufacturing plant to increase its production capacity. To cater to the growing demand, the company has decided to expand its site in Marshall, MN.
  • January 2022: DFE Pharma launched three starch-based excipients that were added to its nutraceutical portfolio. The products are Nutroféli ST100, a native maize starch; Nutroféli ST200, a partially pre-gelatinized maize starch; and Nutroféli ST300, a fully gelatinized maize starch.
  • March 2021: The United States Grains Council collaborated with an Egyptian corn starch company. This collaboration was aimed at creating efficient operations and improving plant profitability.

Corn Starch Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Native Starch
    • 5.1.2 Modified Starch
  • 5.2 Application
    • 5.2.1 Food and Beverage
    • 5.2.2 Animal Feed
    • 5.2.3 Pharmaceuticals
    • 5.2.4 Textile
    • 5.2.5 Paper and Corrugated
    • 5.2.6 Other Applications
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.1.4 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 United Kingdom
    • 5.3.2.2 Germany
    • 5.3.2.3 France
    • 5.3.2.4 Russia
    • 5.3.2.5 Italy
    • 5.3.2.6 Spain
    • 5.3.2.7 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 India
    • 5.3.3.2 China
    • 5.3.3.3 Japan
    • 5.3.3.4 Australia
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 South Africa
    • 5.3.5.2 Saudi Arabia
    • 5.3.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Cargill Incorporated
    • 6.3.2 Ingredion Incorporated
    • 6.3.3 The Archer Daniels Midland Company
    • 6.3.4 Tate & Lyle PLC
    • 6.3.5 Roquette Freres SA
    • 6.3.6 Sudzucker AG
    • 6.3.7 Associated British Foods PLC
    • 6.3.8 Egyptian Corn Starch Company
    • 6.3.9 DFE Pharma
    • 6.3.10 AGRANA Beteiligungs AG
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Corn Starch Industry Segmentation

Corn starch is prepared from corn grains and obtained by processing the endosperm of corn kernels.

The corn starch market is segmented by type, application, and geography. On the basis of product type, the global corn starch market is segmented into native, and modified. By application, the market is segmented into food & beverage, animal feed, pharmaceuticals, textile, paper and corrugated, and other applications. Moreover, the study provides an analysis of the corn starch market in emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value in USD million.

Type Native Starch
Modified Starch
Application Food and Beverage
Animal Feed
Pharmaceuticals
Textile
Paper and Corrugated
Other Applications
Geography North America United States
Canada
Mexico
Rest of North America
Geography Europe United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Geography Asia-Pacific India
China
Japan
Australia
Rest of Asia-Pacific
Geography South America Brazil
Argentina
Rest of South America
Geography Middle East and Africa South Africa
Saudi Arabia
Rest of Middle East and Africa
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Corn Starch Market Research FAQs

The Corn Starch Market is projected to register a CAGR of 6.35% during the forecast period (2024-2029)

Cargill Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC and Associated British Foods plc are the major companies operating in the Corn Starch Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Corn Starch Market.

The report covers the Corn Starch Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Corn Starch Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Corn Starch Industry Report

Statistics for the 2024 Corn Starch market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Corn Starch analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Corn Starch Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)