Market Size of North America Starch Sweetener Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.80 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Starch Sweetener Market Analysis
The North America starch sweetener market is projected to register a CAGR of 8.5% during the forecast period (2020 - 2025).
- The inclination toward sugar substitute, owing to the increasing consumer concerns over nutrition and health, alongside rising inclination for a healthy diet, is probably going to boost market expansion. HFCS has been widely adopted by the food manufacturers in the United States due to its advantages over granulated sucrose, like it is easy to supply, good for stability, and its ease of handling.
- However, the replacement of sugar with low-calorie sweeteners, such as aspartame and stevia can reduce the calorie intake, and thus, help in weight and blood sugar level management. This may create a huge gap in terms of demand for starch sugars, thus, hampering the market growth.