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A recent report published by Infinium Global Research on corn starch market provides an 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.
Corn starch is a starch derived from corn grain. Corn starch
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 a thickening agent in sauces or soups,
glazes, casseroles, and other desserts. Corn starch 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. Corn starch is
utilized in every day human eating routine. The supply chain of Corn starch
begins from agricultural fields. The raw material is processed in the plants.
After refining, Corn starch 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 Corn starch in several applications
such as the food & beverage industry is driving the growth of Corn starch
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, Corn starch is a major raw material for ethanol production, the rising
trend of replacing petroleum with ethanol is likely to drive the Corn starch
market. The growing use of Corn starch in the chemical industry and the
detection of new fermentation organisms are projected to create abundant
opportunities for the Corn starch market during the forecast period. On the
other hand, the availability of other substitutes such as custard and arrowroot
is likely to hamper the market growth for Corn starch.
In terms of geographies, North America holds the largest
market share for Corn starch market. Some of the factors that drive the Corn
starch market in the North America region are the high consumption of processed
food products and advancement in technology. Further, the availability of corn
as raw material and the low prices of Corn starch are also boosting the growth
of the market.
Segment Covered
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.
Geographic Coverage
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.
Companies Profiled:
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.
Report Highlights:
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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