Waxy Maize Starch Market: Current Analysis and Forecast (2022-2028)

The waxy maize starch market is expected to register a CAGR of approx. 6% over the period of 2022-2030. Waxy maize starch is a carbohydrate made from maize. Its primary constituent is amylopectin, a highly branched and complicated carbohydrate molecule. Waxy maize starch, unlike other types of maize starch, contains a high level of amylopectin and a low level of amylose, making it less prone to gelatinization and less likely to form lumps or clumps in food preparations. Waxy maize starch is perfect for use as a thickening ingredient in meals and beverages, as well as in various industrial applications such as the manufacture of adhesives, coatings, and paper goods. It is also utilized in sports nutrition supplements as an energy source. The growing demand for waxy maize starch can be attributed to the rising demand for the food & beverage industry, these are the key factors which boost the adoption of inorganic growth strategies among key industry players around the globe. For instance, in 2021, AGRANA Beteiligungs-AG invested US$27.36 million in a number of initiatives during the fiscal year 2021-2022. The company expanded its capacity for processing specialised maize in Aschach, Austria. Owing to the glaring statistics waxy maize starch is being used in a variety of applications, such as a thickening agent in soups & gravies, pie fillings, stews & casseroles, and sauces due to its high water absorption capacity which would contribute to the growth of the market in the forthcoming period as well. Furthermore, the waxy maize starch market is anticipated to grow on account of the growing demand for processed food and convenience food. However, some of the restraints in the market, including the availability of alternative ingredients and stringent regulations are impeding the growth of this market all over the world.

Based on type, the market is segmented into native and modified. Among them, the native segment captured a significant share of the market in 2021. The reason for this is because native is frequently used in end-use industries like food and beverage, which includes baked goods, soups and sauces, processed meat products, etc. In addition, it is used to make label adhesives and as a universal thickening for paints..

Based on the nature, the market is bifurcated into organic and conventional. Among them, the organic segment is expected to grow at a higher CAGR in the market. This is due to the quality of organic maize is higher than inorganic maize. The demand of the customer for premium quality and natural products is also boosted the growth of the organic starch segment.

Based on the end-use, the waxy maize starch market has been classified into food and beverage industry, dietary supplement, pharmaceuticals & nutraceuticals, and others. Among them, the pharmaceuticals & nutraceuticals category grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. In pharmaceuticals there is vast use of maize starch and its derivatives. They are mainly use in topical formulations, such as ointments and lotion and also in many dosage form including swallowable tablets , hard capsules and many others

For a better understanding of the market adoption of waxy maize starch, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of APAC), and Rest of World. Waxy maize starch has gained increasing popularity in the Asia Pacific due to various factors. The growing demand from paper and textile industries as waxy maize starch is used as a binder and coating agent. Growing awareness and popularity of clean labels and natural ingredients as waxy maize starch is natural ingredients which are used as thickeners and stabilizers. The rising demand for the food & beverage industry is also attributed to the growth of the waxy maize starch market. For instance, in March 2020, a fresh line of waxy maize-based starches for the food industry was introduced by Cargill. Starches are made to be used in a variety of food items, such as noodles, candy, and sauces.

Some of the major players operating: AGRANA Beteiligungs-AG, Cargill Incorporated, Daesang Corp, Ingredion, Interstarch Ukraine, Manildra Group, New Zealand Starch Limited, Roquette Freres, Samyang Corporation, Sinofi Ingredients among others. Several M&A's along with partnerships have been undertaken.