Corn Starch Market Size (2024 - 2029)

The corn starch market is anticipated to experience significant growth, driven by its extensive use across various industries such as paper, textiles, pharmaceuticals, and food and beverage. The increasing demand for processed and convenience foods, along with the rising adoption of clean-label ingredients in developing regions, is contributing to the market's expansion. Additionally, the pharmaceutical industry's growth, particularly during the pandemic, has heightened the need for corn starch as a binder and disintegrant, further influencing the market size positively.

Market Size of Corn Starch Industry

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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 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
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Saudi Arabia
Rest of Middle East and Africa
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Corn Starch Market Size Summary

The corn starch market is experiencing significant growth, driven by its extensive application across various industries such as paper, textiles, pharmaceuticals, and food and beverages. The increasing demand for processed and convenience foods, coupled with the rising trend of clean-label ingredients, is propelling the market forward. Corn starch is valued for its versatility, being used in both its natural form and as modified starches, which are essential in enhancing product quality and consumer appeal. The pharmaceutical sector's reliance on corn starch as a binder and disintegrant has further bolstered its demand, particularly during the pandemic. As consumer awareness and preference for natural and high-quality products grow, the market is poised for continued expansion.

North America, particularly the United States, leads the corn starch market due to its high consumption of processed foods and the abundance of corn as a raw material. The region's economic growth and increased disposable income have further fueled the demand for corn starch. The market is highly competitive, with major players like Cargill, Archer Daniels Midland, and Ingredion actively expanding their production capacities and product offerings to meet rising global demand. These companies are also focusing on sustainable production practices to align with the growing consumer preference for clean-label products. The strategic expansions and innovations by key players are expected to enhance their market presence and drive the overall growth of the corn starch industry.

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Corn Starch Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Native Starch

      2. 2.1.2 Modified Starch

    2. 2.2 Application

      1. 2.2.1 Food and Beverage

      2. 2.2.2 Animal Feed

      3. 2.2.3 Pharmaceuticals

      4. 2.2.4 Textile

      5. 2.2.5 Paper and Corrugated

      6. 2.2.6 Other Applications

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

        4. 2.3.1.4 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 Germany

        3. 2.3.2.3 France

        4. 2.3.2.4 Russia

        5. 2.3.2.5 Italy

        6. 2.3.2.6 Spain

        7. 2.3.2.7 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 India

        2. 2.3.3.2 China

        3. 2.3.3.3 Japan

        4. 2.3.3.4 Australia

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 South Africa

        2. 2.3.5.2 Saudi Arabia

        3. 2.3.5.3 Rest of Middle East and Africa

Corn Starch Market Size 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.

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