Corn Starch Market Trends, Growth Opportunities & Forecast 2023-2028

The global corn starch market size reached 84.2 Million Tons in 2022. Looking forward, the market expected to reach 98.2 Million Tons by 2028, exhibiting a growth rate (CAGR) of 2.65% during 2023-2028, according to the latest research report by IMARC Group.

Corn starch refers to a white, tasteless, and odorless powder extracted from the white endosperm present in the middle of a corn kernel. The product is gluten-free, which acts as an alternative to flour thickeners in marinades, stews, sauces, gravies, glaze recipes, etc. Corn starch is commonly utilized in the food and beverage (F&B) industry to coat fruits in tarts, pies, or other desserts to add texture. Furthermore, corn starch also finds various applications in coating paper, producing boxboard, and insulating material board. It is widely used in the pharmaceutical industry as a disintegrant and binder in tablets, emulsions, and ointments.

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Who are the key players operating in the industry?

The report covers the major market players including:

• Cargill, Incorporated
• Archer Daniels Midland (ADM) Company
• Ingredion Incorporated
• Roquette Frères S.A
• Tate & Lyle PLC

Global Corn Starch Market Trends:

The rising utilization of corn starch as a thickening agent in several cuisines and the escalating demand for processed food products are driving the global market. Moreover, corn starch finds numerous applications in the textile industry to offer stiffness and add weight to clothes.

Besides this, compostable and thermal insulation made using corn starch-based foam is suitable for shipping temperature-sensitive products, thereby propelling the market growth. In line with this, with the growing environmental concerns, bioplastics derived from corn starch are becoming popular over fossil-fuel plastics.

Apart from this, the escalating demand for oral pharmaceutical products due to the increasing prevalence of diseases, such as glycogen storage diseases, is anticipated to bolster the corn starch market over the forecasted period.

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What is included in market segmentation?

The report has segmented the market into the following categories:

By Category Insights:

• Native Starch
• Modified Starch
• Sweeteners

By Application Insights:

• Food & Beverages
• Animal Feed
• Pharmaceuticals & Chemicals
• Textile
• Paper & Corrugates
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

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