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Written by sujeet rai » Updated on: October 23rd, 2024
IMARC Group's report titled "Corn Starch Market Report by Category (Native Starch, Modified Starch, Sweeteners), Application (Food & Beverages, Animal Feed, Pharmaceuticals & Chemicals, Textile, Paper & Corrugates, and Others), and Region 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the global corn starch market share. The global market size reached 86.4 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 106.3 Million Tons by 2032, exhibiting a growth rate (CAGR) of 2.3% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/corn-starch-manufacturing-plant/requestsample
Factors Affecting the Growth of the Corn Starch Industry:
Growing Demand in the Food and Beverage Industry:
The corn starch sector is notably impacted by the escalating demand within the food and beverage sector. Serving as a multifaceted component, corn starch finds application as a thickening agent, stabilizer, and texturizer across a spectrum of food items. The surging preference for ready-to-eat meals, bakery items, and processed foods has spurred a surge in corn starch demand, attributed to its ability to enhance texture and shelf life in these offerings. Furthermore, its gluten-free attribute resonates with consumers exploring alternative ingredients, thus amplifying its market expansion.
Expanding Industrial Applications:
The industrial utilization of corn starch transcends the food industry, playing a pivotal role in propelling market expansion. Corn starch finds extensive application in the manufacturing of biodegradable plastics, adhesives, and paper. Amidst a mounting focus on sustainability and eco-conscious products, the demand for corn starch in these non-food sectors has surged. Manufacturers are progressively integrating corn starch-derived materials into their production methods as a renewable and environmentally sustainable substitute for conventional constituents.
Increasing Health Consciousness:
The burgeoning trend of health-conscious consumers has spurred a surge in demand for healthier ingredients in food items. Corn starch, renowned for its natural composition and gluten-free properties, is favored by individuals in pursuit of clean-label products. Frequently utilized as a replacement for other thickening agents perceived to pose health concerns, corn starch is increasingly sought after. As consciousness regarding dietary preferences and ingredient disclosure expands, the appetite for corn starch as a wholesome and natural component is anticipated to persistently escalate, thereby exerting a positive influence on the overarching market dynamics.
Leading Companies Operating in the Global Corn Starch Industry:
Corn Starch Market Report Segmentation:
By Category:
Sweeteners dominate the market as they are widely used in a wide range of edible products, including soft drinks, baked goods, cereals, condiments, and processed foods.
By Application:
Food & beverages hold the largest share in the market as the product finds various applications in the industry.
Regional Insights:
The United States exhibits a clear dominance as the United States has well-developed infrastructure and modern processing facilities for corn starch extraction.
Global Corn Starch Market Trends:
Market growth is being propelled by accelerated globalization and heightened trade activities, facilitating increased availability of corn starch across diverse regions. The uptick in demand for processed food, driven by urbanization, is further fueling market expansion. Additionally, the pharmaceutical sector is actively leveraging corn starch for tablet formulation and as a coating agent, thereby amplifying market growth.
The textile industry is experiencing favorable outcomes with widespread utilization of corn starch in sizing and finishing processes. Similarly, the pet food sector is witnessing positive impacts on market growth as corn starch garners increased adoption as a binder and filler. Furthermore, the expansion of e-commerce platforms provides a broader distribution channel for corn starch-based products, serving as a catalyst for market expansion.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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