Due to Rising Demand in The Bakery Industry, The Corn Starch Market Will Grow at a 6.60% CAGR By 2030

February 2023/MRFR Press Release/- Market Research Future has published a report on the global corn starch market.

Market Highlights

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 2022 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.

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 savory 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.

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.Key Players

Some of the key players in the global corn starch market are Archer Daniels Midland Company (US), Cargill, Incorporated (US), Grain Processing Corporation (US), Croda international (UK), AkzoNobel NV (Netherlands), Bayer AG (Germany), Ajinomoto Company Incorporated (Japan), Henkel AG & Company, KGaA (Germany), Associated British Foods plc (UK), and Calpis Company (Japan).