The global corn starch market will derive
growth from the increasing demand for cornstarch ingredients and related snacks
in recent years. According to a report published by Fortune Business Insights, the market was valued at USD 15.73 Billion
in 2018 and is projected to reach USD 29.39 Billion by the end of 2026,
exhibiting a CAGR of 8.2% in the forecast period.
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List of companies profiled in this report:
- Ingredion Incorporated
- Tate and Lyle Plc
- Cargill Incorporated
- AGRANA – Beteiligungs AG
- Archer-Daniels-Midland Company
- Global Bio-chem Technology Group Company Limited
- Tereos Syral S.A.S
- Associated British Foods plc
- Roquette Frères S.A.
- Kent Corporation (Grain Processing Corporation)
The increased demand for convenience
foods and the consumption of packed and processed foods has opened up a huge
potential for corn starch ingredients across the world. The health benefits of
corn starch ingredients, although limited, cannot be overlooked. Corn starch is
gluten-free and can be used as a substitute for wheat flour.
Corn starch is
used in the diet of underweight or heavyweight trainers in order to gain weight.
Besides, corn starch is used across several desserts and fried food, as it
forms a thin crust around the food. It also enhances the overall flavor of the
food, which in turn will create a high demand for the product across the world.
Applications of corn starch such as thickening of sauces, binding baking
ingredients and molding gums will create several growth opportunities.
The report summarizes several factors
that have facilitated the demand for corn starch and provides an overview of
recent performances of the global corn starch market. Several aspects of the
market have been analyzed, with close attention to factors such as growth
drivers, leading products, and major companies. Besides this, the competitive
landscape of the market has been discussed in brief and leading companies have
been highlighted.
"Increasing
Emphasis on Clean-labelled Products Will Aid Growth"
The consumer demand for clean label
and verified products has increased drastically in the past decade. The growing
adoption of healthy lifestyle and improving dietary habits has contributed to
the growing demand for clean label products. In 2017, Tate and Lyle announced
the launch of a new corn starch ingredient under the clean-label category. The
company launched Claria Instant functional starch with two new variants viz.
340 and 360. The company’s latest products will have a direct impact on the
global market in the coming years. The increasing number of such clean-label
products will influence the market in a positive way.
Get more details here:
"North
America Will Hold a Dominating Market Share"
The report segments the market based
on regional demographics into North America, Latin America, Europe, Asia
Pacific, and the Middle East and Africa. Among these regions, North America is
projected to hold a dominant market share in the coming years. The United
States is the largest producer of corn and corn-starch ingredients.
Additionally, the increasing number of import and export activities aimed at
the distribution of corn starch across the world will aid market growth. The corn
starch market in North America will rise at a CAGR of 8.57% from 2019-2026. The
growing consumption of ready-to-eat and packed products, along with the demand
for snacks will fuel demand for the product.
Read more in this press release:
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