Waxy Maize Starch Market Trends

Global Waxy Maize Starch Market size was valued at USD 3.9 billion in 2023 and is poised to grow from USD 4.2 billion in 2024 to USD 6.31 billion by 2032, growing at a CAGR of 5.5% during the forecast period (2025-2032). 

The Waxy maize starch market is relatively fragmented, with a high level of competition. Few large players, like Cargill Inc., AGRANA Group, and Daesang Corp, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their waxy maize starch market share and profitability. 'Ingredion Incorporated (USA) ', 'Cargill, Incorporated (USA) ', 'Tate & Lyle PLC (UK) ', 'Roquette Frères (France) ', 'AGRANA Stärke GmbH (Austria) ', 'Archer Daniels Midland Company (ADM) (USA) ', 'Emsland Group (Germany) ', 'Tereos Syral (France) ', 'Thai Wah Starch Public Company Limited (Thailand) ', 'Luzhou Bio-Chem Technology Limited (China) ', 'Manildra Group (Australia) ', 'Daesang Corporation (South Korea) ', 'Interstarch Ukraine (Ukraine) ', 'New Zealand Starch Limited (New Zealand) ', 'Samyang Corporation (South Korea) ', 'Sanwa Starch Co., Ltd. (Japan) ', 'Sinofi Ingredients (China) ', 'Tokai Denpun Co., Ltd. (Japan) ', 'Royal Ingredients Group (Netherlands) ', 'HL Agro Products Pvt. Ltd. (India) '

Increasing population and raising industrialization (particularly in the food and beverage, textile, paper and printing, pharmaceutical and other health and beauty products, and adhesives industries) are the primary drivers of demand for starch. As the increasing population will propel the demand for various products which will drive the demand for the waxy maize starch which is used as raw material for various items.

Clean label components and products are affecting food & beverage and other global businesses. Rising consumer health consciousness and demand for natural, pure, high-quality products have fueled demand for clean label starches.

Due to the increasing demand for processed and fast or convenient food products, North America held the greater global corn starch market share. For the most part, the United States was the region's biggest market. The main factors that have contributed to the expansion of the corn starch market in the United States and North America are the competitive pricing of corn starch and the abundance of corn as a raw material. Corn starch demand is on the rise due to the region's growing population and higher median income, both of which support the expanding trend of eating processed and convenience foods. Industry leaders are developing new items specifically for the region. In 2020, for instance, Tate & Lyle, a global distributor of food and beverage ingredients and solutions, introduced novel gelling starches made from Non-GMO dent corn. Both THINGUM 107NG and MERIZET 100NG are excellent corn starches for improving the quality of jelly candies and processed cheese. They are the first non-GMO starches made by companies in the United States using dent corn.