According to the report by Expert Market Research (EMR), the global Native Corn Starch Market Size reached a value of USD 5.78 billion in 2023. Aided by the increasing demand in the food and beverage sector, the market is projected to further grow at a CAGR of 5.4% between 2024 and 2032 to reach a value of USD 8.29 billion by 2032.
Native corn starch is a powdery product obtained from grinding the white heart of the corn kernel. Known for its neutral flavour, high binding strength, and versatile properties, it is extensively utilised in cooking and baking, for thickening sauces, gravies, and soups, and in the manufacturing of biodegradable plastics, adhesives, and textiles.
The primary driver for the native corn starch market growth is its escalating demand in the food and beverage sector, particularly due to its natural origin and multifunctional properties. It is favoured for its ability to act as a thickener, stabiliser, and texture enhancer in products such as yogurts, ready meals, sauces, and baby foods.
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Additionally, the growing consumer preference for natural and clean-label ingredients is significantly contributing to the market growth. As consumers increasingly seek products with recognisable and simple ingredients, native corn starch is preferred over its modified counterparts.
The rise in demand for eco-friendly packaging solutions also drives the use of native corn starch in bioplastics. With environmental concerns leading to stricter regulations on synthetic plastics, industries are turning towards biodegradable alternatives where native corn starch plays a crucial role, consequently driving up the native corn starch market share.
The market is being boosted by the growing demand for clean labelled products, as people are becoming more health-conscious and aware of the advantages of using native corn starch over modified alternatives. Furthermore, the market is expected to grow due to the rising preference for convenient food solutions, driven by the busy schedules of the working population. Lastly, the expanding range of dishes that can be prepared using native corn starch is also contributing to the market’s growth.
As per the native corn starch market analysis, North America dominates the market, attributed to its advanced food processing sector and the presence of major market players. The United States, being one of the largest producers of corn, significantly contributes to the market with its substantial production and consumption of corn starch.
Asia-Pacific is expected to witness the fastest growth, driven by increasing industrialisation, rising disposable incomes, and growing population. Countries like China and India are major contributors, with their expanding food and beverage sectors and increasing adoption of biodegradable plastics, leading to native corn starch market expansion.
Native Corn Starch Market Segmentation
The market can be divided based on the application and region
Market Breakup by Application
- Pharmaceuticals
- Food and Beverages
- Paper Industry
- Personal Care and Cosmetics industry
- Pet Foods
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Native Corn Starch Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global native corn starch market. Some of the major players explored in the report by Expert Market Research are as follows:
- Cargill, Incorporated.
- Roquette Frères
- Tereos Group
- Gulshan Polyols Ltd.
- HL Agro Products Pvt. Ltd.
- Others
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