Market Size of Corn Starch Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.35 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Corn Starch Market Analysis
The corn starch market is projected to witness a CAGR of 6.35% in the coming five years.
Corn starch is widely used in different industries. The paper industry utilizes corn starch as filler and sizing materials. It also finds application in textiles, laundry, foundry, air flotation, oil-well drilling, and adhesives. While much of starch is employed in its natural form, it is also easily converted to other forms. Most corn starch is made into starch syrups, and the balance is made up of native and modified starches. The factors that contribute to the demand for starch are population growth and industrial development of a country, including food and beverage, textiles, paper and printing, pharmaceuticals and other health and beauty products, and adhesives.
The adoption of clean-label ingredients and growing consumer awareness in developing countries are bolstering the demand for corn starch. The demand for corn starch has increased in the food and beverage industry owing to the rising demand for processed and convenience food in the market. Moreover, the use of corn starch as a binder and disintegrant in medicines increased the demand for the ingredient due to the growth of the pharmaceutical industry during the pandemic. According to the India Brand Equity Foundation, the pharmaceutical market in India rose from 13.7% in July 2020 to 17.7% in August 2021. Furthermore, according to India Ratings & Research, the Indian pharmaceutical market revenue predicted to be over 12% by the end of 2022. Thus, the demand for corn starch is expected to increase in the upcoming years.
