Corn is a significant raw material which is majorly used for manufacturing starch and its derivatives. Corn starch is significantly used as a food additive in variety of food products such sauces and soups, ready-to-eat food items, sweet goods, beverages, and others. Moreover, it is used as a adhesive in paper and pulp production. Corn starch is flexible and easy to modify, and it has a wide range of applications in industry, including adhesives, paper goods, anti-sticking agents, and textile production.
MARKET SCOPE
The "Global Corn Starch Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the corn starch market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading corn starch market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- On the basis of type, the market is segmented into native starch, modified starch, and others.
- On the basis of application, the market is segmented into food & beverage, animal feed, pharmaceuticals, paper & pulp, and others.
MARKET DYNAMICS
Drivers:
- Corn starch market has seen considerable development as a result of its increased use in industries such as medicines and chemicals, food and drinks, animal feed, textiles, and paper manufacturing, among others.
- Other factors expected to boost the growth of the global corn starch market in the near future include the expansion of the application base and technical breakthroughs in the field of biotechnology.
Restraints:
- The availability of maize alternatives such as tapioca and wheat, on the other hand, is a key issue that might limit the global corn starch market's development.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The corn starch market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the corn starch market in these regions.
IMPACT OF COVID-19 ON CORN STARCH MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the corn starch market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from corn starch market are anticipated to lucrative growth opportunities in the future with the rising demand for corn starch in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the corn starch market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ajinomoto Company Incorporated
- Akzo Nobel NV
- ADM
- Associated British Foods plc
- BASF SE
- Bayer AG
- Cargill Incorporated
- Croda international
- Grain Processing Corporation
- Henkel KGaA
- Eco Agri Limited
- ANGEL STARCH & FOOD PVT LTD.
- Ingredion
- St. Lawrence Starch Co.
- MSP Starch Products Inc.
- Roquette Fr?res
- Manildra Group
- Redox
- B?hler
- The Sanwa Starch Co., Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.