According to a new report Global Corn Starch Market, published by KBV research, The Global Corn Starch Market size is expected to reach $18.9 billion by 2026, rising at a market growth of 7.2% CAGR during the forecast period.
Food and Beverage application is expected to grow at a significant CAGR during the foreseeable year. The increasing uses of corn starch as a thickening agent and as an artificial sweetener used in gluten-free food have caused a good growth of the corn starch market. The extensive application of corn starch in a range of industries can drive the growth of the corn starch market in the coming years.
The Sweetener market dominated the Global Corn Starch Market by Type 2019, growing at a CAGR of 6.3 % during the forecast period. The Modified market is experiencing a CAGR of 6.6% during (2020 - 2026). Additionally, The Native market would showcase the highest CAGR of 10% during (2020 - 2026).
North America has the largest revenue share of the global corn starch market. This is accredited to the presence of prominent corn starch manufacturers in the region. Though, the increasing population and surge in disposable income among consumers in developing economies like China, India, and Brazil is likely to expand in the coming years. The European market is supposed to show sluggish growth. The unorganized agriculture sector in the region is estimated to hamper the regional market growth. Brazil is considered the third-largest producer of corn across the globe. The rising food industry and easy accessibility of feedstock are anticipated to boost the market in Brazil.
Structural Insights: https://www.kbvresearch.com/corn-starch-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cargill Corporation, Akzo Nobel N.V., Bayer AG, Ajinomoto Co., Inc., Henkel AG & Company, KGaA, Associated British Foods PLC (Wittington Investments Limited), Archer Daniels Midland Company, BASF SE, Tate & Lyle PLC, and Croda International PLC.
Global Corn Starch Market Segmentation
- Food Ingredients
- Other Applications
- Rest of North America
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Cargill Corporation
- Akzo Nobel N.V.
- Bayer AG
- Ajinomoto Co., Inc.
- Henkel AG & Company, KGaA
- Associated British Foods PLC (Wittington Investments Limited)
- Archer Daniels Midland Company
- BASF SE
- Tate & Lyle PLC
- Croda International PLC