The new report by Expert Market Research titled, ‘Global Native Corn Starch Market Size, Share, Trend, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global native corn starch market, assessing the market based on its segments like applications and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2021): USD 4.25 billion
• Forecast CAGR (2023-2028): 7.10%
• Forecast Market Size (2028): USD 6.3 billion
The native corn starch industry is being driven by the multifaceted application potential of the product across industry verticals. For instance, in the food and beverage industry, native corn starch helps in food texturising and thickening. In addition, owing to its non-toxic and ease of modification, native corn starch finds increased usage in the pharmaceutical industry.
Also, the utility of corn as food, fodder, and feed is estimated to bolster the market growth in the forecast period. Furthermore, the growing demand for clean-label products and the increased government initiatives aimed at boosting the production of maize, such as the Public Private Partnerships and Skill Development Centres in India, are estimated to augment the market growth in the forecast period. Furthermore, the use of native corn starches in producing biodegradable plastics is also projected to support the market growth.
Industry Definition and Major Segments
Native corn starch is the purest form of starch that is fine white powder-like and is odourless. Native corn starch is obtained from the endosperm of a maize kernel. It is commonly used to thicken ingredients, reduce viscosity, replace fats, and retain moisture. The native corn starch is widely used in various industries like food, paper, textile, and pharmaceuticals, among others.
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The native corn starch industry, based on application, is divided into:
• Pharmaceuticals
• Food and Beverages
• Paper Industry
• Personal Care and Cosmetics industry
• Pet Foods
• Others
The regional markets for native corn starch include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The increasing demand for native corn starch across industry verticals is prompting the leading market players to invest in the research and development of diversified and better-quality products that are bio-based. This is projected to support market growth in the coming years. For instance, the Ettlinger Corporation is a supplier of native corn starch.
The company offers gluten-free, non-GMO, and vegan-friendly products in different quantities such as 50 lbs. (50 lbs.) paper bags and 2,500-pound (1,134 kg) pallets for various food applications. Meanwhile, Cargill, Incorporated. offers native starches that are derived from maize and are insoluble in cold water and swell to different degrees depending on the temperature used. Additionally, the rapid technological advancements and the investments made by the key industry players are expected to aid the market in the forecast period.
Key Market Players
The major players in the market are Cargill, Incorporated., Roquette Frères, Tereos Group, Gulshan Polyols Ltd., and HL Agro Products Pvt. Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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