The new report by Expert Market Research titled, ‘Global Native Corn Starch Market Growth, Size, Share, Analysis, Trends, Report and Forecast 2022-2027’, gives an in-depth analysis of the global native corn starch market, assessing the market based on its segments like application 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 5.78 Billion
• Forecast CAGR (2023-2028): 5.4%
• Forecast Market Size (2027): USD 8.29 Billion
The growing demand for native corn starch in the production of food products as a thickening agent is strengthening the market for it. Alongside, the rapidly increasing health consciousness and the inclination towards clean labelled products against the chemical additives is also anticipated to support the growth of the market during the forecast period. Trends like likeliness foe convenient food solutions among the working class due to packed schedules is also expected to drive the market as a range of dishes can be concocted with the using native corn starch. Along the same lines, North America leads the native corn starch market owing to the great demand for ready-to-eat foods in the region.
Native Corn Starch Industry Definition and Major Segments
Native starch refers to pure form of starch. Hence, the pure form of starch obtained from corn is referred to as native corn starch. It is a white fine powder with neutral odour and taste. Native corn starch is used as a thickening agent and a stabiliser and is produced by drying the starch obtained from corn wet milling process.
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Based on application, the market is segmented into:
• Pharmaceuticals
• Food and Beverages
• Paper Industry
• Personal Care and Cosmetics Industry
• Pet Foods
• Others
The major regional markets include:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Native Corn Starch Market Trends
Leading market players have been channeling investments for the development of new varieties of native corn starch which has helped the market to rise. This can be attributed to the stretched demand for native corn starch from the food and beverage industry due to its advantages of low cost and easy availability. In July, 2020, Ingredion Incorporated launched a new organic native corn starch, PURITY Bio 201, in the US and Canada. Native corn starch also finds major application in the pharmaceutical and nutraceutical applications as it is biodegradable and helpful to produce sustainable formulations. Native corn starch also helps in improving stiffness which leads to its usage in paper and textile industry.
Key Market Players
The major players in the market are Cargill, Incorporated, Roquette Frères, Tereos Group, Gulshan Polyols Ltd., 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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