The global Corn Starch market stood at approximately 85 million tonnes in 2023 and is anticipated to swell at a healthy CAGR of 2.5% during the forecast period until 2034. Maize starch, commonly known as corn starch, is a versatile and essential ingredient extracted from the endosperm of corn kernels. This white, odourless, and tasteless powder that serves as a complex carbohydrate across multiple industries.
In the food industry, maize starch acts as a fundamental component, functioning as a thickener, stabilizer, and emulsifier in various food products, ranging from sauces and soups to baked goods and dairy items. Similarly, in the pharmaceutical sector, maize starch finds utility as an excipient and filler in medications, facilitating the formulation process and ensuring dosage consistency. In the chemical industry, maize starch serves as a valuable raw material for producing adhesives, paper, textiles, and bioplastics, contributing to the manufacture of diverse products. Moreover, its role extends to industrial applications where it serves as a thickener and stabilizer in paints, coatings, and adhesives, enhancing product performance and functionality. Overall, maize starch's multifaceted properties make it an indispensable ingredient, enabling innovation and advancement across various sectors, from enhancing food texture to facilitating drug delivery and supporting industrial processes. Corn starch serves as a raw material for bioplastics, offering eco-friendly alternatives with biodegradability. In paper production, it acts as a binder and filler, enhancing strength and printability, while also serving as a base for certain adhesives, particularly in paper manufacturing. Moreover, in the textile industry, corn starch is used in treatments to improve fabric strength and texture.
The market for Corn Starch is experiencing significant growth primarily driven by its widespread utilization in food & beverage sector. One significant trend is the escalating demand for clean label and natural ingredients in response to heightened health consciousness among consumers. This surge drives the use of corn starch as a natural thickening and stabilizing agent in diverse food and beverage applications, reflecting a preference for transparency in ingredient sourcing. Moreover, the continued expansion of the food and beverage industry underscores corn starch's pivotal role, particularly in bakery, dairy, sauces, soups, and confectionery products, driven by population growth and shifting consumer preferences towards convenience and processed foods. Additionally, corn starch demonstrates increasing versatility beyond the food sector, finding application in non-food industries such as pharmaceuticals, personal care, and industrial manufacturing. Its properties as a thickening agent, binder, and stabilizer contribute to formulations in pharmaceutical tablets, cosmetics, and industrial adhesives, reflecting its importance across diverse sectors. The global Corn Starch market is likely to reach approximately 110 million tonnes in 2034.
Geographically, North America dominates the global Corn Starch market as a consumer due to various reasons. Firstly, the region boasts a robust food and beverage industry with a high demand for corn starch as a key ingredient in various processed foods, beverages, and snacks. The prevalence of convenience foods and the popularity of processed food items in North America contribute significantly to the consumption of corn starch. Additionally, North America's well-developed industrial sector, including pharmaceuticals, personal care products, and textiles, relies heavily on corn starch for its versatile properties as a thickening agent, binder, and stabilizer. Moreover, stringent regulatory standards and consumer preferences for natural and clean-label ingredients further drive the demand for corn starch in the region. Also, the region benefits from ample corn production, particularly in the United States, ensuring a stable and abundant supply of raw material for starch production. Advanced processing technologies and infrastructure further bolster efficient production processes.
Based on the end-use industry, the global Corn Starch market is divided into Food & Beverages, Pharmaceuticals, Textiles, Paper, and Others. However, Food & Beverages is the dominating segment and held about 65% of the global Corn Starch market in 2023. Pharmaceuticals is the second largest end-use industry.
Major players in the Global Corn Starch market are Cargill Incorporated, Ingredion Incorporated, The Archer Daniels Midland Company, Tate & Lyle PLC, Roquette Freres SA, Sudzucker AG, Associated British Foods PLC, Egyptian Corn Starch Company, DFE Pharma, AGRANA Beteiligungs AG, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Corn Starch which covers production, demand and supply of Corn Starch market in the globe.
• To analyse and forecast the market size of Corn Starch
• To classify and forecast Global Corn Starch market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Corn Starch market in the globe.
To extract data for Global Corn Starch market, primary research surveys were conducted with Corn Starch manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Corn Starch market over the coming years.
ChemAnalyst calculated Corn Starch demand across the globe by analyzing the volume of Corn Starch consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Corn Starch manufacturers and other stakeholders
• Organizations, forums and alliances related to Corn Starch distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Corn Starch manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Corn Starch market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
85 million tonnes
Market size Volume in 2034
110 million tonnes
Growth Rate
CAGR of 2.5% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in million tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Food & Beverages, Pharmaceuticals, Textiles, Paper, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Corn Starch market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Corn Starch.
3. Capacity By Location
To better understand the regional supply of Corn Starch by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Corn Starch by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Food & Beverages, Pharmaceuticals, Textiles, Paper, and Others) are creating a market and the forecast for the growth of the Corn Starch market.
7. Demand by Region
Analyzing the change in demand of Corn Starch in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Corn Starch. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Corn Starch.
10. Company Share
Figure out what proportion of the market share of Corn Starch is currently held by leading players across the globe.
11. Manufacturing Process
Discover insights into the intricate manufacturing process of Corn Starch.
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the net market size of Corn Starch in terms of volume in 2023?
Ans:
The global market size of Corn Starch has reached approximately 85 million tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Corn Starch?
Ans:
Food & Beverages industry is the leading end-user industry of Corn Starch globally.
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