Growing demand for processed and convenience food is expected to drive the global corn starch market over the forecast period. Growing demand for starch in processed food, beverages, detergent and paper & board industries is also expected to drive the market over the forecast period. Increasing use of corn starch in glycogen storage disease treatment is also expected to drive the market. Corn starch being a major ingredient for ethanol production, increasing ethanol usage in place of petroleum is expected to drive the corn starch market. Arrowroot, a substitute of corn starch may cause a threat to corn starch market growth. Overall corn starch product market is categorized as hydrolyzed starch, ether starch, resistance starch, hybrid natural starch, and pre-gelatinized starch. Wide range application is anticipated to drive the market over next seven years. Increasing corn starch usage in animal feed is expected to have a positive impact on the corn starch market over the forecast period. Increased value added chemical production, discovery of new fermentation organisms and advancements in biotechnology are also expected to create new opportunities in the market over the forecast period.
The report “Corn Starch Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts 2015 To 2022” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/corn-starch-market
North America emerged as the leading regional market. The market in the region is characterized by growing processed food and pharmaceutical industries. Growing animal feed market in US is anticipated to have positive impact on North America corn starch market. Europe is expected to witness sluggish growth on account of unorganized agricultural sector along with economic downfall over past few years. Asia Pacific market is expected to witness significant growth on account of increased population along with rise in disposable income. Increasing demand for processed food in the region is also expected to drive the Asia Pacific corn starch market over the forecast period. Easy raw material availability is expected to fuel the market growth in the region.
Major corn starch market participants include Cargill Incorporated, Grain Processing Corporation, Croda international, Akzo Nobel NV, Bayer AG, Ajinomoto Company Incorporated, Henkel KGaA, Associated British Foods plc, Calpis Company, Archer-Daniels-Midland Company, DuPont (EI) de Nemours, and BASF. Other players operating in the market include Minnesota Corn Processors LLC., Monsanto Company, Cognis Corporation, Cerestar USA Incorporated, and Novo Nordisk A/S.
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