(Food-Beverage-News.Com, January 17, 2018 ) The Global Corn Starch Market was worth USD 22.1 billion in 2016 and estimated to be growing at a CAGR of 4.8%, to reach USD 27.63 billion by 2021.
After cellulose, starch is the most abundant carbohydrate in nature. It can be found in seeds, roots, and tubers of higher plants for energy storage. Starch is extracted from various natural products like- corn, cassava, wheat and potato and in a lesser amount from rice, barley, sorghum, sago, etc. Corn is currently the most commonly used accounting for around 80% of the total global starch production. Corn starch is obtained from the endosperm of the corn kernel.
It is used for many culinary, household, and industrial purposes. In the kitchen, corn starch is regularly used as a thickening agent for sauces, gravies, glazes, casseroles, pies, soups, and other desserts. It is also used in making corn syrup and bio plastics. Corn starch is gluten free product and only includes carbohydrates.
The significant demand for convenience and ready to eat food items has been largely responsible for the considerable growth of this market. The increasing consumption of ready-to-mix food items and soaring demand for cake mixes, coffee mixes, and instant tea mixes has also resulted in an increased demand for corn starch over the last couple of years. An increased yield of genetically modified corn has resulted in a high output of maize. As a result, there is an assured supply of corn starch made available to food industries. With the rise in the strengthening economies of Asia-Pacific region, many companies and industries have come up in that region. This in turn has lead to an increase in the demand for paper, hence boosting the growth of the corn starch market. Tapioca and Cassava are some of the corn substitutes which are being used nowadays, restricting the growth of the corn starch market in the years to come. There has been an increase in the use of cassava in the past few years.
The Global market for Corn Starch is broadly categorized by product- Native starch, Modified starch and Sweeteners. Based on Application, the market is further segmented into Food and Beverages, Animal feed, Pharmaceuticals and chemicals, Textile, Paper and Corrugates and Others. By product, sweeteners segment accounts for about 50% of the total revenue share and is likely to lead over the forecast period. The modified starch segment is expected to grow at a significant rate in the next few years. By application, food and beverages is the major segment of this market. On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The Corn Starch market was dominated by North America, with the overall market share of over 35% globally. North America was followed by Europe and Asia-Pacific. Asia Pacific is predicted to grow at a rapid pace in the coming few years.
Application Introduction Food and beverages Animal Feed Pharmaceuticals and chemicals Textile Paper and corrugates Others Y-o-Y Growth Analysis, By Application Market Attractiveness Analysis, By Application Market Share Analysis, By Application
Scope of the report: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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