The global corn starch market is set to grow significantly, fueled by the increasing demand for comfort foods. According to the report “Corn Starch: Global Market Analysis, Insights, And Forecast, 2019-2032” by Fortune Business Insights, the market is expected to achieve a robust growth rate of 8.55% during the forecast period. The rising popularity of convenience foods has driven greater use of starch and its derivatives. Corn starch, essential for stabilizing and thickening food products while enhancing their flavor, is crucial across various applications. The report projects that the market will grow from USD 15.73 billion in 2018 to USD 49.17 billion by 2032.

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Market Growth Is Substantial in North America

Geographically, North America is anticipated to see significant growth in the global corn starch market, with the United States at the forefront. This expansion is expected to be driven by rising consumption of processed and fast foods in the region. The abundant supply of raw maize in the United States further supports the growth of the North American market. Additionally, regions such as Europe and Asia-Pacific also present substantial market potential, contributing to the overall global growth of the corn starch industry.

In order to satisfy consumer demand, Ingredion introduces an organic corn starch product.

Growing health consciousness among consumers worldwide is driving demand for premium, natural food products, including maize starch in all its forms, such as gluten-free corn starch. The increasing preference for clean-label and organic food items is further propelling the demand for maize starch. In response, food producers are innovating to capture a larger market share by developing new maize starch products. For instance, in July 2018, Ingredion introduced a new organic maize starch product as part of its clean-label range, addressing the rising consumer demand for natural and organic goods.

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The maize starch market is witnessing expansion due to its versatile applications across various industries. This starch is widely utilized for thickening culinary products, managing viscosity levels in baking, and shaping gummy candies. Its role extends beyond food products, as corn starch is also essential in biofuel production. The growth of the ethanol industry, in particular, is expected to significantly impact the corn starch market in the upcoming years. With its diverse uses spanning from food to biofuels, the demand for maize starch is projected to continue growing.

Prominent Businesses Intend to Launch New Products to Expand Their Product Offerings

Companies in the maize starch market are actively pursuing new product launches and engaging in mergers and acquisitions (M&A) to gain a competitive edge. Many are refining their product offerings to meet specific customer needs. For instance, in August 2017, Tate & Lyle introduced CLARIA, a clean-label maize starch designed to address particular customer requirements. Key players such as AGRANA – Beteiligungs AG, Cargill Incorporated, Ingredion Incorporated, and Archer-Daniels Midland Company are investing in capacity expansion and research and development (R&D) to develop new corn starch varieties.

Other significant contributors to the global corn starch market include Bio-chem Technology Group Company Limited, Associated British Foods plc, Tereos Syral S.A.S, Roquette Frères S.A., Riddhi Siddhi Gluco Biols Ltd, and Kent Corporation (Grain Processing Corporation). These companies are expected to play a major role in shaping the market’s growth and development through their innovative products and strategic initiatives.

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