Corn Starch Market by Product and Geography - Forecast and Analysis 2022-2026

The corn starch market share is expected to increase by USD 6.9 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.28%.

This corn starch market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the corn starch market segmentation by product (sweeteners, native starch, and modified starch) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The corn starch market report also offers information on several market vendors, including 5Brothers, Amrut International, Angel Starch and Food Pvt. Ltd., Archer Daniels Midland Co., Associated British Foods Plc, Cargill Inc., Everest Starch India Pvt. Ltd., Global Bio-chem Technology Group Co. Ltd., HL Agro Products Pvt. Ltd., Ingredion Inc., Kent Corp., Roquette Freres SA, Royal Ingredients Group BV, Sanstar Bio Polymers Ltd., Shubham Starch Chem Pvt. Ltd., SMS Corp. Co. Ltd., SZVG eG, Tate & Lyle Plc, Tereos Group, and Vijaya Enterprises among others.

What will the Corn Starch Market Size be During the Forecast Period?

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Corn Starch Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges in the global corn starch market.

Key Corn Starch Market Driver

The increasing prominence of private-label brands is one of the key factors driving the global corn starch market growth. Private-label corn starch is becoming a key focus area for retailers globally. Various retailers are selling different types of corn starch under their private-label brands to increase their profitability, which is contributing to the growth of the global corn starch market. Globally, major retailers are introducing their brands of corn starch and corn starch-based snacks and thus capitalizing on the growing demand for corn starch among consumers. In the last decade, the private-label product segment has grown in terms of scope and size. For instance, China-based Alibaba sells various types of corn starch, such as organic and conventional corn starch, under its own brand. Private-label products are priced lower than branded products. Hence, price-sensitive consumers are likely to purchase such products. Supermarket chains have started allocating more shelf space to their private-label offerings and are undertaking various in-house marketing and promotional activities. The demand for private-label brands is expected to increase during the forecast period, which, in turn, will drive the growth of the global corn starch market during the forecast period.

Key Corn Starch Market Trend

The increasing awareness about gluten-free products will fuel the global corn starch market growth. The demand for non-gluten or gluten-free products has increased as a result of rising awareness about celiac disease due to the consumption of grains such as wheat, rye, and barley. As corn starch is gluten-free, there has been a significant rise in its demand. Gluten is a general name for proteins found in grains such as wheat, barley, rye, spelt, and others. It makes a glue-like, consistent sticky network on the flour when water is added, which makes the flour elastic and chewy. Some people's digestive systems are known to be intolerant to gluten. If left undiagnosed, it can lead to celiac disease, which is a severe form of gluten intolerance. Celiac disease causes bloating of the small intestine, headache, constipation, diarrhea, and weight loss. Consumers, therefore, have started avoiding foods containing gluten, and the gluten-free food market is growing due to the rising perceptions about the consumption of healthy foods. This trend will act as a favorable factor for the growth of the global corn starch market during the forecast period.

Key Corn Starch Market Challenge

The availability of substitutes is the major challenge to the global corn starch market growth. There are a large number of substitutes available for corn starch, such as arrowroot starch, potato starch, and tapioca starch. These starches can easily replace the use of corn starch in any industry. For instance, arrowroot starch is an ideal substitute for cornstarch in sauces that have acidic ingredients. Arrowroot starch can also be used in any pie filling as a substitute for cornstarch. Potato starch is another effective alternative to corn starch in thickening and baking applications, where users require an equivalent quantity to deliver results that are comparable to cornstarch. Potato starch also performs well in baked goods, like shortbread. Thus, it is considered an all-around alternative to corn starch. Another major substitute for corn starch is tapioca starch, which is a neutral-flavored powder made from cassava root. Tapioca starch is a great substitute for corn starch in baking recipes. Thus, the availability of such a wide number of substitutes is one of the major challenges that is impeding the growth of the global corn starch market and would negatively impact the market in focus during the forecast period as well.

This corn starch market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global corn starch market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the corn starch market during the forecast period.

Who are the Major Corn Starch Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• 5Brothers
• Amrut International
• Angel Starch and Food Pvt. Ltd.
• Archer Daniels Midland Co.
• Associated British Foods Plc
• Cargill Inc.
• Everest Starch India Pvt. Ltd.
• Global Bio-chem Technology Group Co. Ltd.
• HL Agro Products Pvt. Ltd.
• Ingredion Inc.
• Kent Corp.
• Roquette Freres SA
• Royal Ingredients Group BV
• Sanstar Bio Polymers Ltd.
• Shubham Starch Chem Pvt. Ltd.
• SMS Corp. Co. Ltd.
• SZVG eG
• Tate & Lyle Plc
• Tereos Group
• Vijaya Enterprises

 

This statistical study of the corn starch market encompasses successful business strategies deployed by the key vendors. The corn starch market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• adm.com - The company offers corn starch such as ADM corn starch, which is used in soups, sauces, gravies, custards and pie fillings and a multitude of other products such as puddings, salad dressings, prepared mixes, filled cakes, tortillas, and cereals.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The corn starch market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Corn Starch Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the corn starch market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global food, beverage, and tobacco market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Corn Starch Market?

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48% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for corn starch market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The increasing prominence of private-label brands will facilitate the corn starch market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The corn flour market in North America was challenged by the spread of COVID-19 in 2020. The US reported its first confirmed case of COVID-19 on January 21, 2020, after which it became the epicenter of the pandemic. Governments of countries such as the US, Canada, and Mexico imposed stringent COVID-19-related restrictions, such as nationwide lockdowns and stay-at-home regulations. This resulted in lower demand for packaged food products from physical retail outlets due to the full or partial closure of these outlets. As a result, the use of and demand for corn starch declined. However, in 2021, due to the availability of vaccines and the decline in the number of COVID-19 cases, COVID-19-related restrictions were eased in the region. The demand for corn starch in the region returned to normal as retail outlets such as grocery stores, convenience stores, hypermarkets, and supermarkets reopened. As a result, the regional demand for corn starch rebounded. Moreover, the increasing consumption of packaged food in the US and Canada will further drive the growth of the regional corn starch market during the forecast period.

What are the Revenue-generating Product Segments in the Corn Starch Market?

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The corn starch market share growth in the sweeteners segment will be significant during the forecast period. The sweeteners segment is expected to be the largest segment of the global corn starch market during the forecast period owing to its increasing use in the food and beverage industry. Corn-based sweeteners are made from corn starch, which varies in grade and maltose content and has a higher content of oligosaccharides. The most popular corn-based sweetener is corn syrup, often known as glucose syrup. High-fructose corn syrup (HFCS), which is produced by converting a significant amount of glucose into fructose and yielding a sweeter product, is not the same as corn syrup. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the corn starch market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Corn Starch Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.28%
Market growth 2022-2026	$6.9 billion
Market structure	Fragmented
YoY growth (%)	5.0
Regional analysis	North America, Europe, APAC, South America, and the Middle East and Africa
Performing market contribution	North America at 48%
Key consumer countries	US, Canada, China, Germany, and UK
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	5Brothers, Amrut International, Angel Starch and Food Pvt. Ltd., Archer Daniels Midland Co., Associated British Foods Plc, Cargill Inc., Everest Starch India Pvt. Ltd., Global Bio-chem Technology Group Co. Ltd., HL Agro Products Pvt. Ltd., Ingredion Inc., Kent Corp., Roquette Freres SA, Royal Ingredients Group BV, Sanstar Bio Polymers Ltd., Shubham Starch Chem Pvt. Ltd., SMS Corp. Co. Ltd., SZVG eG, Tate & Lyle Plc, Tereos Group, and Vijaya Enterprises
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Corn Starch Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive corn starch market growth during the next five years
• Precise estimation of the corn starch market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the corn starch industry across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of corn starch market vendors

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