Global Corn Starch Market: Increasing Consumption of Convenience Foods to Impel Demand, Says TMR

Transparency Market
Research
Corn Starch Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 - 2024
Published Date
15-07-2016
159 Page Report
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Global Corn Starch Market: Increasing Consumption of Convenience
Foods to Impel Demand, Says TMR
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Corn Starch Market
REPORT DESCRIPTION
With an increased focus on product innovation, the leading players in the global corn starch market, such
as Cargill Inc., Kent Corp., Archer Daniels Midland Co., and Associated British Foods plc., are aggressively
trying to enhance their visibility in this market, finds a study published by Transparency Market Research
(TMR).
The presence of a large pool of participants has intensified the rivalry within the market. To sustain this
competition in the long run, corn starch producers will need to shift their focus on increasing their
production capacity, states this report.
According to TMR, the global market for corn starch presented an opportunity worth US$21.1 bn in 2015.
Expanding at a CAGR of more than 4.80% during the period from 2016 to 2024, it is likely to increase to
US$32 bn by 2024. Globally, sweeteners are the most preferred products that contain corn starch. The
segment is expected to exhibit a CAGR of 5.40% over the forecast period.
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High Production of Corn to Ensure North America’s Dominance
Geographically, the global market for corn starch is spread across Asia Pacific, Latin America, North
America, Europe, and the Middle East and Africa. North America, supported by the high production of corn,
has acquired the top position in this market. In 2015, the opportunity for corn starch reached US$7.3 bn in
North America. Although the region will retain its dominance throughout the forecast period, it is Asia
Pacific, where the demand for corn starch will expand at a higher rate over the forecast period. China and
India are projected to lead the demand for corn starch in Asia Pacific, finds the research report.
Easy Availability of Corn Starch to Reflect Positively on Market’s Growth
“Starch extraction from maize yields better output compared to other crops, such as wheat, barley,
tapioca, potato, and sweet potato,” states the author of this study. With a high production of maize,
worldwide, corn starch boasts of easy availability in the global market, reflecting positively on the market’s
growth.
The augmenting consumption of convenience foods and the considerable year-on-year growth in the paper
industry are also fueling the demand for corn starch remarkably across the world. The sales of ready-tomix foods, such as cake mixes, coffee mixes, and instant tea, is expected to double up over the next few
years, leading to a significant surge in the demand for corn starch. Apart from this, the rise in the paper
and paper product industry will also present a lucrative opportunity for corn starch producers in the coming
years, observes TMR.
Availability of Low-cost Alternatives to Impact Negatively on Sale of Corn Starch
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Corn Starch Market
Though the global market for corn starch exhibits lucrative growth prospects, the availability of a varied
range of low-cost alternatives, ranging from tapioca to wheat, may pose a threat to the growth of this
market in the near future. However, the growing usage of corn starch-based products as raw materials for
bio-plastics and 3D printing plastics is likely to help corn starch producers to overcome this challenge in
the years to come, notes the research study.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Corn Starch
Market (Product - Food & Beverages, Animal Feed, Pharmaceuticals & Chemicals, Textile, Paper and
Corrugated; Product Base -Native Starch, Modified Starch, Sweeteners) - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 - 2024.”
The global corn starch market has been segmented as follows:
By Product Type
•
Native Starch
•
Modified Starch
•
Sweeteners
By Application
•
Food & Beverages
•
Animal Feed
•
Pharmaceuticals & Chemicals
•
Textile
•
Paper and Corrugated
•
Others
By Region
North America
•
U.S.
•
Canada
Latin America
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Corn Starch Market
•
Brazil
•
Mexico
•
Rest of Latin America
Europe
•
Germany
•
France
•
U.K.
•
Spain
•
Italy
•
Nordic
•
BENELUX
•
Russia
•
Poland
Asia Pacific (APAC)
•
China
•
India
•
Japan
•
Australia & New Zealand
•
ASEAN
•
Rest of Asia Pacific
Middle East and Africa (MEA)
•
GCC
•
North Africa
•
South Africa
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Corn Starch Market
•
Sub-Saharan Africa
•
Turkey
•
Rest of MEA
TABLE OF CONTENT
1. Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.2. Manufacturing Process – Wet Milling Process
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunity
4.3.4. Value Chain
4.4. Global Market Forecast, 2016–2024
4.4.1. Market Size Value & Volume Forecast
4.4.1.1. Y-o-Y Growth Projections
4.4.1.2. Absolute $ Opportunity
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4.5. Global Corn Starch Market Trends
5. Global Market Analysis, By Product Type
5.1. Introduction
5.1.1. Y-o-Y Growth Comparison, By Product Type
5.1.2. Basis Point Share (BPS) Analysis, By Product Type
5.2. Market Forecast By Product Type
5.2.1. Native Starch
5.2.1.1. Absolute $ Opportunity
5.2.1.2. Market Value Forecast
5.2.2. Modified Starch
5.2.2.1. Absolute $ Opportunity
5.2.2.2. Market Value Forecast
5.2.3. Sweeteners
5.2.3.1. Absolute $ Opportunity
5.2.3.2. Market Value Forecast
5.3. Market Attractiveness Analysis, By Product Type
5.4. Prominent Trends
6. Global Market Analysis, By Application
6.1. Introduction
6.1.1. Y-o-Y Growth Comparison, By Application
6.1.2. Basis Point Share (BPS) Analysis, By Application
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6.2. Market Forecast By Application
6.2.1. Food & Beverages
6.2.1.1. Absolute $ Opportunity
6.2.1.2. Market Value Forecast
6.2.2. Animal Feed
6.2.2.1. Absolute $ Opportunity
6.2.2.2. Market Value Forecast
6.2.3. Pharmaceuticals & Chemicals
6.2.3.1. Absolute $ Opportunity
6.2.3.2. Market Value Forecast
6.2.4. Textile
6.2.4.1. Absolute $ Opportunity
6.2.4.2. Market Value Forecast
6.2.5. Paper & Corrugates
6.2.5.1. Absolute $ Opportunity
6.2.5.2. Market Value Forecast
6.2.6. Others
6.2.6.1. Absolute $ Opportunity
.2.6.2. Market Value Forecast
6.3. Market Attractiveness Analysis, By Application
6.4. Prominent Trends
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Corn Starch Market
7. Global Market Analysis, By Region
7.1. Introduction
7.1.1. Y-o-Y Growth Projections, By Region
7.1.2. Basis Point Share (BPS) Analysis, By Region
7.2. Regional Attractiveness Analysis
8. North America Market Analysis
8.1. Introduction
8.1.1. Absolute $ Opportunity
8.1.2. Market Value Forecast
8.2. North America Market Forecast
8.2.1. Market Value & Volume Forecast By Country
8.2.1.1. U.S.
8.2.1.2. Canada
8.2.2. Market Value & Volume Forecast By Product Type
8.2.2.1. Native Starch
8.2.2.2. Modified Starch
8.2.3. Market Value & Volume Forecast By Application
8.2.3.1. Food & Beverages
8.2.3.2. Animal Feed
8.2.3.3. Pharmaceuticals & Chemicals
8.2.3.4. Textile
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8.2.3.5. Paper & Corrugates
8.2.3.6. Others
8.2.4. Market Attractiveness Analysis
8.2.4.1. By Country
8.2.4.2. By Product Type
8.2.4.3. By Application
8.2.5. Key Trends
9. Latin America Market Analysis
9.1. Introduction
9.1.1. Absolute $ Opportunity
9.1.2. Market Value Forecast
9.2. Latin America Market Forecast
9.2.1. Market Value & Volume Forecast By Country
9.2.1.1. Mexico Absolute $ Opportunity
9.2.1.2. Brazil Absolute $ Opportunity
9.2.1.3. Rest of LATAM Absolute $ Opportunity
9.2.2. Market Value & Volume Forecast By Product Type
9.2.2.1. Native Starch
9.2.2.2. Modified Starch
9.2.2.3. Sweeteners
9.2.3. Market Value & Volume Forecast By Application
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Corn Starch Market
9.2.3.1. Food & Beverages
9.2.3.2. Animal Feed
9.2.3.3. Pharmaceuticals & Chemicals
9.2.3.4. Textile
9.2.3.5. Paper & Corrugates
9.2.3.6. Others
9.2.4. Market Attractiveness Analysis
9.2.4.1. By Country
9.2.4.2. By Product Type
9.2.4.3. By Application
9.2.5. Key Trends
10. Europe Market Analysis
10.1.Introduction
10.1.1. Absolute $ Opportunity
10.1.2. Market Value Forecast
10.2. Europe Market Forecast
10.2.1. Market Value & Volume Forecast By Country/Region
10.2.1.1. Germany Absolute $ Opportunity
10.2.1.2. France Absolute $ Opportunity
10.2.1.3. U.K. Absolute $ Opportunity
10.2.1.4. Spain Absolute $ Opportunity
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Corn Starch Market
10.2.1.5. Italy Absolute $ Opportunity
10.2.1.6. Nordic Absolute $ Opportunity
10.2.1.7. Benelux Absolute $ Opportunity
10.2.1.8. Russia Absolute $ Opportunity
10.2.1.9. Poland Absolute $ Opportunity
10.2.1.10. Rest of Europe Absolute $ Opportunity
10.2.2. Market Value & Volume Forecast By Product Type
10.2.2.1. Native Starch
10.2.2.2. Modified Starch
10.2.2.3. Sweeteners
10.2.3. Market Value & Volume Forecast By Application
10.2.3.1. Food & Beverages
10.2.3.2. Animal Feed
10.2.3.3. Pharmaceuticals & Chemicals
10.2.3.4. Textile
10.2.3.5. Paper & Corrugates
10.2.3.6. Others
10.2.4. Market Attractiveness Analysis
10.2.4.1. By Country
10.2.4.2. By Product Type
10.2.4.3. By Application
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10.2.5. Key Trends
11. APEJ Market Analysis
11.1.Introduction
11.1.1. Absolute $ Opportunity
11.1.2. Market Value Forecast
11.2.APEJ Market Forecast
11.2.1. Market Value & Volume Forecast By Country/Region
11.2.1.1. China Absolute $ Opportunity
11.2.1.2. India Absolute $ Opportunity
11.2.1.3. ASEAN Absolute $ Opportunity
11.2.1.4. Japan Absolute $ Opportunity
11.2.1.5. Australia & New Zealand Absolute $ Opportunity
11.2.1.6. Rest of APEJ Absolute $ Opportunity
11.2.2. Market Value & Volume Forecast By Product Type
11.2.2.1. Native Starch
11.2.2.2. Modified Starch
11.2.2.3. Sweeteners
11.2.3. Market Value & Volume Forecast By Application
11.2.3.1. Food & Beverages
11.2.3.2. Animal Feed
11.2.3.3. Pharmaceuticals & Chemicals
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11.2.3.4. Textile
11.2.3.5. Paper & Corrugates
11.2.3.6. Others
11.2.4. Market Attractiveness Analysis
11.2.4.1. By Country
11.2.4.2. By Product Type
11.2.4.3. By Application
11.2.5. Key Trends
12. Middle East & Africa Market Analysis
12.1.Introduction
12.1.1. Absolute $ Opportunity
12.1.2. Market Value Forecast
12.2.Middle East & Africa Market Forecast
12.2.1. Market Value & Volume Forecast By Country/Region
12.2.1.1. GCC Absolute $ Opportunity
12.2.1.2. North Africa Absolute $ Opportunity
12.2.1.3. South Africa Absolute $ Opportunity
12.2.1.4. Rest of MEA Absolute $ Opportunity
12.2.2. Market Value & Volume Forecast By Product Type
12.2.2.1. Native Starch
12.2.2.2. Modified Starch
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12.2.2.3. Sweeteners
12.2.3. Market Value & Volume Forecast By Application
12.2.3.1. Food & Beverages
12.2.3.2. Animal Feed
12.2.3.3. Pharmaceuticals & Chemicals
12.2.3.4. Textile
12.2.3.5. Paper & Corrugates
12.2.3.6. Others
12.2.4. Market Attractiveness Analysis
12.2.4.1. By Country
12.2.4.2. By Product Type
12.2.4.3. By Application
12.2.5. Key Trends
13. Competition Landscape
13.1.Competition Dashboard
13.2. Company Profiles
13.2.1. Cargill Group
13.2.1.1. Company Overview
13.2.1.2. Starch Products Presence
13.2.1.3 Business Strategies
13.2.1.4. Product Offerings
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13.2.1.5. Key Developments
13.2.1.6. Regional Overview
13.2.1.7. Financial Overview
13.2.2. Archer Daniels Midland Company
13.2.2.1. Company Overview
13.2.2.2. Starch Products Presence
13.2.2.3 Business Strategies
13.2.2.4. Product Offerings
13.2.2.5. Key Developments
13.2.2.6. Regional Overview
13.2.2.7. Financial Overview
13.2.3. Kent Corporation – Grain Processing Corporation
13.2.3.1. Company Overview
13.2.3.2. Starch Products Presence
13.2.3.3 Business Strategies
13.2.3.4. Product Offerings
13.2.3.5. Key Developments
13.2.3.6. Regional Overview
13.2.4. Associated British Foods plc
13.2.4.1. Company Overview
13.2.4.2. Starch Products Presence
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Corn Starch Market
13.2.4.3 Business Strategies
13.2.4.4. Product Offerings
13.2.4.5. Key Developments
13.2.4.6. Regional Overview
13.2.4.7. Financial Overview
13.2.5. Global Bio-chem Technology Group Company Limited
13.2.5.1. Company Overview
13.2.5.2. Starch Products Presence
13.2.5.3 Business Strategies
13.2.5.4. Product Offerings
13.2.5.5. Key Developments
13.2.5.6. Regional Overview
13.2.5.7. Financial Overview
13.2.6. AGRANA – Beteiligungs AG
13.2.6.1. Company Overview
13.2.6.2. Starch Products Presence
13.2.6.3 Business Strategies
13.2.6.4. Product Offerings
13.2.6.5. Key Developments
13.2.6.6. Regional Overview
13.2.6.7. Financial Overview
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13.2.7. Ingredion Incorporated
13.2.7.1. Company Overview
13.2.7.2. Starch Products Presence
13.2.7.3 Business Strategies
13.2.7.4. Product Offerings
13.2.7.5. Key Developments
13.2.7.6. Regional Overview
13.2.7.7. Financial Overview
13.2.8. Tate & Lyle PLC
13.2.8.1. Company Overview
13.2.8.2. Starch Products Presence
13.2.8.3 Business Strategies
13.2.8.4. Product Offerings
13.2.8.5. Key Developments
13.2.8.6. Regional Overview
13.2.8.7. Financial Overview
13.2.9. Roquette Frères S.A.
13.2.9.1. Company Overview
13.2.9.2. Starch Products Presence
13.2.9.3 Business Strategies
13.2.9.4. Product Offerings
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Corn Starch Market
13.2.9.5. Key Developments
13.2.9.6. Regional Overview
13.2.10. Tereos Syral S.A.S.
13.2.10.1. Company Overview
13.2.10.2. Starch Products Presence
13.2.10.3 Business Strategies
13.2.10.4. Product Offerings
13.2.10.5. Key Developments
13.2.10.6. Regional Overview
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According to TMR, the global market for corn starch presented an opportunity worth US$21.1 bn in 2015. Expanding at a CAGR of more than 4.80% during the period from 2016 to 2024, it is likely to increase to US$32 bn by 2024. Globally, sweeteners are the most preferred products that contain corn starch. The segment is expected to exhibit a CAGR of 5.40% over the forecast period. View exclusive Global strategic Business report :http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=328