Global Corn Starch Market: Demand Analysis and Growth Forecast
Increased usage of ethanol as a biofuel is an emerging trend which is boosting the growth of the global corn starch market. As per the findings of a newly published market research report of IndustryARC, the global corn starch market size was around $10.1 billion to $10.5 billion in 2018 and is projected to thrive at a CAGR ranging from 4.5% to 5.5% during the forecast period 2019-2025. Increasing adoption of starch derivatives in various end-user industries such as food and beverages, chemicals, and paper and board industries is driving the growth of the global corn starch market. The report is titled “Corn Starch Market: By Product (Hydrolysed, Ether, Resistance, Hybrid Natural, & Pre-Gelatinized), By Application (Food & Beverages, Animal Feed, Pharmaceuticals & Chemicals, Textile, Paper & Corrugated, & others) & By Region – Forecast(2019 – 2025).” It covers Corn Starch Market Size by Product and applications, Corn Starch Market share by top 5 companies and also the market share by start-ups during the forecast period”
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Corn starch acts as a disintegrating agent, extensively used in pharmaceuticals for the manufacturing of dispersible tablets. It is also used for the treatment of glycogen storage diseases in humans by preventing excess storage of glycogen in the liver. These factors altogether are positively effecting the global corn starch market growth. Additionally, the cumulative usage of starch in mix food items such as cake mixes, corn syrup, and sugars had increased the demand for agro corn starch in the last couple of years.
Corn Starch Market: Leading Segments
Food and beverages industry is estimated to be the fastest growing application, to grow at a notable CAGR of around 5% to 6% over the forecast period. This significant rise in the demand for various food products such as cornmeal, pretzels, and flour, which contain corn starch as key ingredient as it is a great source of vitamins and nutrients. As per the findings of United Nations International Children’s Emergency Fund organization, around 38.3 million children under the age of five years are suffering from overweight due to malnutrition. This can be minimized by the usage of corn starch in food items, which also contains essential minerals required for the healthy growth of the child.
North America held a major share in the global essential oils market, which was accounted around 30% to 32% in 2018. This dominance is mainly due to the increased usage of corn starch in the animal feed. According to the report of United states Department of Agriculture, it was stated that the cattle population in U.S alone is around 103,200 million in 2018. Corn starch is added to animal feed to maintain healthy nutrition levels and in turn increasing the demand of corn starch in this region.
Corn Starch Market Trends
Increased usage of electro rheological fluids in automotive devices is imparting traction to the global corn starch market. It helps to control the flow of liquid in friction devices like clutches and brakes. These fluids are also helpful in the proper functioning of servomechanisms and engine mounts in the automotive devices.
Organic certified corn starch is the latest innovation, which was developed to meet the consumer needs for clean, pure and clean labelled food products. These starches have a smooth texture and can withstand temperature fluctuations and harsh processing conditions.
Poly Lactic acid (PLA) is the new material acquired from corn starch, which is a mixture of fermented sugars. PLA is widely used for packaging purposes in the food industry and medical implants.
Corn Starch Market: Competitive Landscape
Cargill Incorporated, Grain Processing Corporation, Croda international, Akzo Nobel NV, Bayer AG, Ajinomoto Company Incorporated, Henkel KGaA, Associated British Foods plc, Calpis Company, Archer-Daniels-Midland Company, DuPont (EI) de Nemours, and BASF SE. are some of the key companies which are identified in the global corn starch market report.
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