The global corn starch market was valued at USD XX billion in 2017 and is estimated to reach USD XX billion by 2023, which is growing at a CAGR of 5.7% during 2015-2023.
Corn Starch Market Latest Developments
July 2018: Ingredion launched new organic-certified corn starch ingredients in the company’s existing product portfolio of functional, clean-label starches. The company launched these products to meet the rising demand for pure, natural and clean label food ingredients.
August 2017: Tate & Lyle launched CLARIA® instant functional clean-label starches to help the food manufacturers to meet the consumer demands for ‘cleaner-label’ products
Corn Starch Market Insights
Cornstarch is used in food and beverages, paper, textile, and other industries. Technological advancements in the production of corn and a rise in demand for clean label products creates an opportunity for the companies to generate more revenues.
The development of this industry is much more dynamic in emerging economies due to the augmented demand for thickeners and binders in the growing food industry. In developing economies like India there are less stringent regulations, over the trade and domestic marketing of food products, which in turn drives the market for these starches in the country.
The aforementioned trends prevailing in the market are estimated to take the compounded annual growth rate (CAGR) of global corn starch market at 5.7% during the forecast period (2018-2023).
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Corn Starch Market Major Players
The major segmentation in the report includes the market estimates by type – native starch, modified starch, and sweeteners. By application – food & beverages, animal feed, pharmaceuticals, textile, paper and corrugated, and others. The report provides an in-depth analysis of the cornstarch market across different geographical regions viz. North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa, along with further country-wise segmentation.
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