Corn starch is the starch derived from the corn grain. The starch is obtained from the endosperm of the kernel. Corn starch is a common food ingredient, used in thickening sauces or soups, and in making corn syrup and other sugars. It is a carbohydrate extracted from the endosperm of corn. Corn is currently the most commonly used accounting for around 80% of the total global starch production. Starch is extracted from various natural products like- corn, cassava, wheat and potato and in a lesser amount from rice, barley, sorghum, sago, etc.
The growth of the Global Corn Starch Market is driven by the rising prices of raw materials and the growing number of substitutes such as tapioca is expected to curtail corn starch market growth. The product is used as a calories booster, source of energy and treatment of hypoglycemia. Its wide usage for various purposes is boosting demand for corn starch market. The growth in ethanol industry has emerged as a key factor for growth of the good. Corn starch is gluten free product and only includes carbohydrates. 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.
Corn Starch Market Forecast Report (2018-2023)
Global Corn Starch Market was worth USD 24.27 billion in 2018 and is projected to be growing at a CAGR of 4.8%, to touch USD 30.68 billion by 2023.
The Global Corn Starch Market is segmented on the basis of product, application and by region. Based on the product, the market is segmented into native starch, modified starch and sweeteners. On the basis of application, the market is divided into food and beverages, animal feed, pharmaceuticals and chemicals, textiles, paper and corrugated and others.
The market has been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. As of 2018, North America leads the market, accounting for the major global market share of 30%, followed by Europe and Asia Pacific.
The major companies dominating this market for its products and services are
Cargill Incorporated Grain Processing Corporation Croda international Akzo Nobel NV Bayer AG Ajinomoto Company Incorporated Henkel KGaA Associated British Foods plc Calpis Company Archer-Daniels-Midland Company DuPont (EI) de Nemours BASF Minnesota Corn Processors LLC. Monsanto Company, Cognis Corporation Cerestar USA Incorporated Novo Nordisk A/S Customize Report @ https://www.marketdataforecast.com/market-reports/corn-starch-market-2894/customize-report
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