PUBLISHER: The Business Research Company | PRODUCT CODE: 1415720
PUBLISHER: The Business Research Company | PRODUCT CODE: 1415720
“Corn And Corn Starch Derivatives Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on corn and corn starch derivatives market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for corn and corn starch derivatives? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The corn and corn starch derivatives market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Corn and its derivatives, made from corn starch, are derived from the endosperm of corn kernels. This white, odorless, and tasteless powder is a versatile ingredient widely used in various food products, including baked goods, sauces, and gravies.
The product range in corn and corn starch derivatives includes corn oil, corn starch, corn meal, flakes or grits, corn flour, and other derivatives. Corn starch derivatives constitute a category of products derived from corn starch through different chemical and enzymatic processes. They serve various functions such as thickening agents, stabilizers, and sweeteners. These products find applications in diverse industries like food and beverage, animal feed, paper and board, pharmaceuticals, biodiesel, textiles, and more.
The corn and corn starch derivatives market research report is one of a series of new reports from The Business Research Company that provides corn and corn starch derivatives market statistics, including corn and corn starch derivatives industry global market size, regional shares, competitors with a corn and corn starch derivatives market share, detailed corn and corn starch derivatives market segments, market trends and opportunities and any further data you may need to thrive in the corn and corn starch derivatives industry. This corn and corn starch derivatives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The corn and corn starch derivatives market size has grown strongly in recent years. It will grow from $74.11 billion in 2023 to $78.5 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to demand for food and beverage industry, rising demand for pharmaceutical industry, increasing industrial applications, increasing textile industry.
The corn and corn starch derivatives market size is expected to see strong growth in the next few years. It will grow to $96.53 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to growing population, processed and convenience foods, clean label and natural ingredients, biodegradable plastics. Major trends in the forecast period include research and innovation, adoption of digital traceability, innovative products, technological advancements.
The escalating demand for processed food products is anticipated to be a driving force behind the growth of the corn and corn starch derivatives market. Processed foods, which are meals that have undergone cleaning, cooking, and packaging and are ready for consumption without further preparation, are witnessing a notable surge in popularity. Corn and its derivatives play a crucial role in enhancing the texture, flavor, thickness, stability, and appearance of a wide array of processed food products. For instance, in December 2021, the Agricultural and Processed Food Products Export Development Authority (APEDA) reported a rise in processed food product exports from $11,671 million in 2020-21 to $13,261 million in 2021-22. This highlights the significant growth in demand for processed food products, thereby propelling the corn and corn starch derivatives market forward.
The surge in demand for processed food products significantly contributes to the growth of the corn and corn starch derivatives market going forward. Processed foods refer to prepared meals that have already been cleaned, cooked, packed, and are ready to eat without further preparation. Corn and corn starch derivatives are commonly used in a wide range of processed food products to improve their texture, flavor, thickening, stabilizing, and appearance. For instance, in December 2021, according to the Agricultural and Processed Food Products Export Development Authority (APEDA), processed food product exports increased from $11,671 million in 2020-21 to $13,261 million in 2021-22. Therefore, the increased demand for processed food products is driving the growth of the corn and corn starch derivatives market.
The shortage of raw materials could pose a challenge and potentially impede the market's growth in the coming years. Corn and corn starch production heavily rely on a steady and abundant supply of raw materials, primarily corn, wheat, and rice. A deficit in the availability of corn can significantly impact both industries. For instance, as of January 2023, the United States Department of Agriculture reported a 7% decrease in corn production in 2022 compared to December 2021. This shortage could have implications for the corn and corn starch market.
The key players in the corn and corn starch derivatives market are placing a strong emphasis on the development of innovative products, including fibrin RS-resistant starch, to strengthen their market position. Fibrin RS-resistant starch, derived from corn, serves as a valuable food ingredient for augmenting fiber content and reducing calorie content. A case in point is Grain Processing Corporation, a US-based company specializing in grain-based products and ingredients, which introduced fibrin RS-resistant starch in October 2022. This groundbreaking resistant starch, derived from corn and gluten-free, not only enhances fiber content in food formulations but also provides fewer calories compared to other carbohydrates. This novel ingredient holds promise in enhancing the nutritional value of various food and beverage products. Furthermore, the fermentation process yields short-chain fatty acids, conferring several health benefits, including improved gut health, reduced inflammation, and lowered cholesterol levels.
In June 2021, the United States Grains Council, a non-profit organization based in the US, entered into a collaboration with an Egyptian corn starch company, the details of which were not disclosed. The primary goal of this partnership was to enhance factory profitability and optimize operations, thereby fortifying the agricultural ties between the US and Egypt. Additionally, the collaboration sought to facilitate the export of US-produced corn to Egypt as well as other nations. The Egyptian Corn Starch Company is a corn starch producer based in Egypt.
Major players in the corn and corn starch derivatives market are Cargill Incorporated, Archer Daniels Midland Company, Associated British Foods Plc., Corn Products International Inc., Ingredion Incorporated, Avebe U.A., Tereos S.A., Green Plains Inc., Sudzucker AG, Ashland Inc., Agrana Beteiligungs AG, Tate and Lyle PLC, Wacker Chemie AG, MGP Ingredients Inc., National Starch And Chemical Company, The Scoular Company, Grain Processing Corporation, Roquette Freres S.A., Grain Millers Inc., Gulshan Polyols Limited, Spac Starch Products (India) Limited, Global Bio-Chem Technology Group Company Limited, Parchem Fine and Specialty Chemicals, Emsland Group, Universal Starch Chem Allied Ltd., Sweeteners Plus Inc., GrainSpan Nutrients Private Limited .
North America was the largest region in the corn and corn starch derivatives market in 2023. The regions covered in corn and corn starch derivatives report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the corn and corn starch derivatives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The corn and corn starch derivatives market consists of sales of modified starch, glucose syrup, maltodextrin, corn ethanol, corn protein, biofuels and high fructose corn syrup. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.