Expert Market Research’s new report titled ‘Global Corn Starch Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global market corn starch market, assessing the market based on its segments such as category, application and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Historical market size (2020): 78 million tonnes
- Forecast CAGR (2021-2026): 4.0%
- Forecast Market Size (2026): 94.90 million tons
The high rate of corn production in the world is driving the global corn starch industry. The sector benefits from its increased use in the food sector. It is commonly used to thicken foods such as sauces, soupsand sauces. It is also used as a coating in fried foods to give them a crispy texture and baked goods to add moisture and fullness. It is not affected by the transition to gluten free products because it is gluten-free. The constant growth of the bakery industry contributes to the expansion of the product in the food sector. The global bakery industry was valued at USD 482 billion in 2018. The United States, a major market for cornstarch, is also a major bakery market, which helps the sector. Sweeteners are one of the most important types of corn starch, which is expected to increase steadily in the coming years.
This activity is also fueled by its growing use in non-food industries, including textiles and paper. Paper consumption is increasing in countries like China, the United States, and Japan, helping to drive the industry forward. It is also used in the production of latex products like gloves and diaphragms. In the future, increased demand for the product in the biofuels is expected to drive the expansion of the market. Global business growth is also aided by increasing population and expanding urbanization.
Industry definition and major segments
Cornstarch, often referred to as maize starch, is a starch made from corn kernels. It is made from the endosperm of corn kernels. It is widely used in the culinary industry as a thickening ingredient for soups and sauces and in the manufacture of corn syrup and sweeteners.
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Based on category, the industry is divided into:
On the basis of applications, the market can be segmented into:
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Based on regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
4 Latin America
5 Middle East and Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The United States is the world’s largest producer of corn starch. Maize is a major global producer, accounting for 6% of total production, of which more than a third is used to produce starches, glucose and other sweeteners in the EU. In 2017, overall starch production in the EU increased by 1% compared to the previous year, reaching more than 9.4 million metric tonnes. Agricultural raw materials for the manufacture of starch were generated by cooperatives and farmers in the region, totaling more than 24 million tons. China is one of the largest cornstarch consumers in the world, with a significant proportion in processed cornstarch end-use sectors such as polyols and high fructose corn syrup. (HFCS).
The raw material greatly influences corn starch prices. Maize, often referred to as maize, contributes about three-quarters of the world’s starch production. In 2017, the world corn production was around 1044.6 million tons. The United States is a major corn producer, accounting for more than 35% of world production. Thanks to favorable weather conditions for agricultural development, the country recorded a record yield in 2017. It is also a major exporter of maize. Corn consumption has grown steadily over the past few years, driven by increased demand from major end-use sectors such as ethanol, animal feed and other industrial applications. Another important end-use sector for corn is the manufacture of sorbitol. The biggest corn-consuming countries, such as China and the United States, are pushing up demand.
Main market players
Major players in the market are Cargill Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle Plc, Tereos SA, Roquette Freres and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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