Press Releases
 
Corn Starch Market Forecast Research Reports Offers Key Insights

United States, 4 December 2017 -- Corn Starch Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024

Expansion and innovation are the two pivots on which companies in the corn starch market are carefully balancing their growth strategies, finds Transparency Market Research (TMR) in a new study. With the demand for modified corn starch growing from industries such as pharmaceutical and food and beverages, global companies are focusing on expanding production capacity and acquiring regional entities. Names such as Cargill Inc., Archer Daniels Midland Company, and Kent Corporation, and Associated British Foods plc feature prominently on the leaderboard of the corn starch industry.

Download exclusive Sample of this report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=328

“Corn starch production is currently marked by trends such as the use of sophisticated enzymes to make production more efficient and an undeniably strong consumer inclination toward clean-label starches. The pharmaceutical industry, a key consumer of corn starch, is now more interested in modified starch than ever before,” says a TMR analyst.

Paper, Textiles, and Convenience Foods Create a Growth Path Studded with Lucrative Opportunities

The high output of maize, which is rich in starch, has augured well for the global corn starch market. The increasingly popular use of genetically-modified corn have made high-yielding starch hybrids accessible. At the same time, the growing consumption of convenience foods and encouraging year-on-year growth in the paper industry are forces that are coming together to enable strong growth in the global corn starch market.

With the sales of ready-to-mix foods expected to more than double between 2014 and 2020, the demand for corn starch in products such as instant tea and coffee mixes and cake mixes is expected to rise considerably. The Asia Pacific region is a leading consumer of paper and paper products, thus providing ample opportunities for companies in the corn starch business. TMR has also observed that the growing demand for low-cost cane sugar substitutes is indirectly stoking the demand for corn starch.

Economic Attractiveness of Corn Starch Alternatives Poses a Threat to Sales

However, the wider availability of corn starch alternatives, such as tapioca and wheat, could stand as an obstacle in the growth of the global corn starch market. The most attractive attribute of corn starch substitutes is their lower prices. The growing use of Cassava, particularly, could pose a major threat to corn starch sales.

“The time is now right for companies to consider formulating corn-starch-based products for use as raw material for 3D printing plastics and in bio-plastics,” adds the analyst. Focusing on these opportunities could help companies soften the blow of the restraint discussed above.

Corn Starch Sales Find Sweet Spot in Sweeteners Segment

According to the TMR report, the global corn starch market had reached a valuation of US$21.1 bn in 2015. The market, terms of value, is projected to expand at a CAGR of over 4.8% from 2016 to 2024.

The global corn starch market is segmented on the basis of product type, application, and region. By product type, the market is segmented into sweeteners, native starch, and modified starch. While sweeteners constitute over 50% share of the global corn starch market, the fastest growth will be seen in the modified starch segment, says TMR. This segment is projected to register a 5.4% CAGR through the forecast period.

On the basis of geography, the global corn starch market has been split into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The most dominant region among these is North America in terms of both value and volume. The Asia Pacific corn starch market is expected to expand at the highest CAGR of 6.4% over the forecasting horizon.

By application type, the market has been segmented into food and beverages, pharmaceuticals and chemicals, animal feed, paper and corrugated, textile, and others. TMR finds that in terms of market share in 2015, the food and beverages segment dominated the corn starch market by application. The segment is expected to remain in the leading position through the report’s forecast period.

# # #


Submitted by amyjames on Monday, 4 December 2017 at 2:09 PM
Category: Food & Fashion
 
Related News

Brown Sugar Market to Rise to US$26.5 bn over the 2017-2022
Thursday, 14 Dec 2017

Baby Food Market Reaching US$76.48 Billion At CAGR Of 6.2% By 2021
Wednesday, 13 Dec 2017

Mexican clothing trends 2018 you should look for
Wednesday, 13 Dec 2017

Rice Vinegar Market Value Chain and Forecast 2017-2025
Wednesday, 13 Dec 2017

Gourmet Seaweed Seasoning Market Forecast Research Reports Offers Key Insights
Wednesday, 13 Dec 2017

Related Events

American Food Sure Summit
Monday, 26 Mar 2018

American Food Innovate Summit
Monday, 26 Mar 2018

Latest News

Dental Caries and Endodontic Market: Segmental Highlights and Table of Content (2017-2027)
Thursday, 14 Dec 2017

ThemeVPS Is Offering Reliable and Affordable VPS Solutions
Thursday, 14 Dec 2017

Dolphin Data Lab Releases Data Recovery Tool to Recover Data from Undetected Hard Drives
Thursday, 14 Dec 2017

Streamline your stocktake with 6 simple steps
Thursday, 14 Dec 2017

Exfoliators and Scrubs Market: Evolving Industry Trends and key Insights by 2025
Thursday, 14 Dec 2017

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2017
Today is Thursday, 14 December 2017

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • SMi's 12th annual Cold Chain Distribution Conference and Exhibition
  • Pelvic Anatomy and Gynecologic Surgery Symposium (PAGS)
  • 25th Annual World Congress
  • Third Emirates Surgical Pathology Conference (ESPC 2017)
  • Leadership Course for Directors

  • Latest Jobs
    Sorry, there are currently no entries posted here.