What Has Been The Evolution of the Corn And Corn Starch Derivatives Market in Recent Years?
The corn and corn starch derivatives market has seen considerable growth due to a variety of factors.
• The market size of corn and its starch derivatives has seen robust growth in the past few years. There will be an expansion from $78.5 billion in 2024 to $83.08 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.8%.
The surge in growth during the historical period is due to increased demand from the food and beverage sector, growing needs from the pharmaceutical industry, a rise in industrial applications, and an expanding textile industry.
What Is the Forecasted Market Size and Growth Rate for The Corn And Corn Starch Derivatives Market Size In The Coming Years?
The corn and corn starch derivatives market is expected to maintain its strong growth trajectory in upcoming years.
• A significant expansion is anticipated in the corn and corn starch derivatives market size in the upcoming years. The market is projected to hit a value of $102.29 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.3%.
The escalation in the estimated period can be credited to factors such as rising population, the demand for processed and convenience foods, preference for clean label and natural ingredients, and the use of biodegradable plastics. Key trends expected to influence the market during the forecast period comprise research and innovation, the implementation of digital traceability, the development of innovative products, and technological progression.
What Factors Are Driving Growth In The Corn And Corn Starch Derivatives Market?
The augmentation in the utilization of processed food products is significantly influencing the expansion of the corn and cornstarch derivatives market. These prepared meals are cleaned, cooked, and packaged, requiring no additional cooking and are promptly edible. The addition of corn and its starch derivatives in these products enhances their flavor, texture, thickness, and overall look. To illustrate, data from Agriculture and Agri-Food Canada (AAFC) from October 2023 indicates that 2022 saw exports of processed food and beverage products touching a record high of $54.3 billion. This amount signifies an upsurge of 14.1% in comparison to 2021 and accounts for 34.7% of the entire production value. This rise in the requirement for processed food products is a significant factor propelling the corn and cornstarch derivatives market. The corn and cornstarch derivatives market is also seeing an increase owing to the growing necessity for sustainable packaging. Such packaging uses eco-friendly and resource-saving materials and designs, with the aim of reducing its impact on the environment. Corn and cornstarch derivatives serve as effective ingredients in such sustainable packaging, owing to their biodegradable nature, easy availability, and adaptability. A case in point is a report by Protega Global Ltd., a company based in the UK that creates eco-friendly packaging solutions, that reveals an increase in the consumer demand for sustainable packaging to 81% as of January 2023. The report further cites that 64% of consumers prefer buying from vendors who use ecologically responsible packaging and half the population is even willing to pay a premium for eco-friendly packaging and delivery. This upswing in the demand for sustainable packaging is thus accelerating the growth of the corn and cornstarch derivatives market.
What Are The Main Segments Of The Global Corn And Corn Starch Derivatives Market?
The corn and corn starch derivatives market covered in this report is segmented –
1) By Product Type: Corn Starch Derivatives, Corn Oil, Corn Starch, Corn Meal Or Flakes Or Grits, Corn Flour, Other Product Types
2) By Function: Thickening Agents, Stabilizers, Sweeteners, Other Functions
3) By Application: Food And Beverage, Animal feed, Paper And Board, Pharmaceutical, Biodiesel, Textiles, Other Applications
Subsegments:
1) By Corn Starch Derivatives: Modified Starch, Pregelatinized Starch, Starch Sugars
2) By Corn Oil: Refined Corn Oil, Unrefined Corn Oil
3) By Corn Starch: Regular Corn Starch, Instant Corn Starch
4) By Corn Meal or Flakes or Grits: Corn Meal, Corn Grits, Corn Flakes
5) By Corn Flour: White Corn Flour, Yellow Corn Flour
6) By Other Product Types: Corn Gluten Meal, Corn Gluten Feed, Corn Bran
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What Trends Are Reshaping The Future Of The Corn And Corn Starch Derivatives Market?
Key players in the corn and corn starch derivatives market are making strides towards creating novel products like fibrin RS-resistant starch in a bid to maintain their influence in the market. Fibrin RS-resistant starch is a variant of resistant starch derived from corn and can be integrated into food products to enhance their fiber content and lower their calorie count. For example, Grain Processing Corporation, an American firm synonymous with producing and supplying grain-based items, unfolded fibrin RS-resistant starch in October 2022. This inventive gluten-free, corn-derived resistant starch amplifies fiber in food recipes and provides less calories compared to other carbs. As a budding ingredient, it has the ability to boost the health factor across a range of food and drink products. Furthermore, the fermentation process of this starch creates short-chain fatty acids, known for several health advantages including improvements in gut health, reductions in inflammation, and decrement in cholesterol levels.
Who Are the Key Players In The Corn And Corn Starch Derivatives Market?
Major companies operating 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 Frères 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.
What Is The Most Dominant Region In The Corn And Corn Starch Derivatives Market?
North America was the largest region in the corn and corn starch derivatives market in 2024. The regions covered in corn and corn starch derivatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
