A recent report published by Infinium Global Research on corn starch market provides in-depth analysis of segments and sub-segments in the global as well as regional corn starch market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional corn starch market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global corn starch market. According to the report, the global corn starch market is projected to grow at a CAGR of 5.40% over the forecast period of 2018-2024.
Cornstarch is a starch derived from corn grain. Cornstarch is obtained from the endosperm of the corn kernel. It is a common food ingredient used in papermaking, bakery products, sweeteners, and other industrial purposes. It is also used as thickening agent in sauces or soups, glazes, casseroles, and other desserts. Cornstarch is a gluten-free product; made from corn and includes carbohydrates. It has several medical uses such as supply glucose for people with glycogen storage diseases. Cornstarch is utilized in every day human eating routine. The supply chain of cornstarch begins from agricultural fields. The raw material is processed in the plants. After refining, cornstarch is shipped to a grain storage facility for sale and distribution. The product is exceedingly consumable in nature so it is transported in a temperature-controlled container.
The growing demand for cornstarch in several applications such as the food & beverage industry is driving the growth of cornstarch market. It is even used in the production of pet food, pharmaceutical, and cosmetics. This factor also helps in boosting the growth of the market. Further, cornstarch is a major raw material for ethanol production, the rising trend of replacing petroleum with ethanol is likely to drive the cornstarch market. The growing use of cornstarch in the chemical industry and detection of new fermentation organisms are projected to create abundant opportunities for the cornstarch market during the forecast period. On the other hand, availability of other substitutes such as custard and arrowroot is likely to hamper the market growth for cornstarch.
In terms of geographies, North America holds the largest market share for cornstarch market. Some of the factors that drives cornstarch market in North America region are high consumption of processed food products and advancement in technology. Further, the availability of corn as a raw material and the low prices of cornstarch are also boosting the growth of the market.
The report on global corn starch market covers segments such as type and application. On the basis of type, the sub-markets include modified starch, sweeteners, and native starch. On the basis of application, the sub-markets include paper and corrugated, food & beverages, textile, chemicals, and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in this region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China.
The report provides profiles of the companies in the market such as Cargill, Incorporated, Archer Daniels Midland Company, Roquette Freres SA, Akzo Nobel N.V., Ingredion, Tate & Lyle, Monsanto Company, Bayer AG, and Grain Processing Corporation.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of corn starch market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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