USD 3.48 billion
Global Waxy Maize Starch Market Size, Share, Growth Analysis, By Type(Native Starch, Modified Starch), By End User(Foods, Beverages), By Nature(Organic and Conventional) - Industry Forecast 2024-2031
Report ID:
SQSG15E2033 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
93 |
Figures:
76
Global Waxy Maize Starch Market Insights
Waxy Maize Starch Market size was valued at USD 3.48 billion in 2019 and is poised to grow from USD 3.68 billion in 2023 to USD 6.12 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
Waxy maize starch finds application in a variety of end user industries such as pharmaceutical, textiles, and food. Thickening sauces, shaping gums, regulating viscosity, and tying together baking components are just some of the many ways in which starches are used as a culinary additive.
It is expected to rise in demand due to its ability to increase resistance and mechanical strength and resist moisture penetration. It also finds application as a filler and stabilizer for fabrics that need colored inks. Detergent manufacturing industry is another business that demands waxy maize starch for its skin-friendly, biodegradable, and non toxic properties.
Players in the market can capitalize on the food manufacturing industry as they hold the largest share in the global waxy maize starch market. Investing in expansion of product portfolio and catering to more industries will provide players with growth opportunities.
US Waxy Maize Starch Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Sweeteners
Fastest Growth
Sweeteners
Growth Rate
5.8% CAGR
Global Waxy Maize Starch Market ($ Bn)
Country Share for North America Region (%)
Global Waxy Maize Starch Market By Type ($ Bn)
Global Waxy Maize Starch Market By Type (%)
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Global Waxy Maize Starch Market Segmental Analysis
The Global Waxy maize starch Market is segmented on the basis of type, end use, nature, and region. Based on type, the market is segmented into Native Starch, Modified Starch, and Sweeteners. Based on end user, the Waxy maize starch Market is segmented into Foods and Beverages, Animal Feed, Pharmaceuticals, Textile, Paper and Corrugated, and Others. Based on Nature, the Waxy maize starch Market is segmented to organic and conventional. Based on region, the global Waxy maize starch market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Waxy maize starch Market Analysis by Type
The sweetener sub-segment is expected to have more than 54.1% of the global waxy maize starch market share in the year 2021 and is projected to hold the same during the forecast period. This is because awareness regarding the benefits of reducing sugar intake has spread throughout the world. Most food manufacturers use sweeteners made from this product because of how cheap they are. Sweeteners are made using a sizable amount of maize starch. Native corn starch and modified corn starch are two further varieties. The rising popularity of alternative starches including potato starch, tapioca starch, rice starch, and others is predicted to reduce demand for this commodity. Starch Europe reports that the sweeteners category of corn starch accounts for about half of the industry followed by naïve starch and modified starch.
Waxy maize starch Market Analysis by Application
Due to its versatility, maize starch is used in numerous industries, including the food and feed industries. Corn starch is used to improve the consistency and shelf life of food by thickening and stabilizing it. However, the growth of maize starch is being aided by consumers' rising demand for natural and unprocessed goods. Manufacturers are responding to the increasing demand for clean-label and organic products by releasing an array of new products.
Global Waxy Maize Starch Market By Type, 2023 (%)
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Global Waxy Maize Starch Market Regional Insights
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.
Global Waxy Maize Starch Market By Region, 2024-2031
- Largest
- Fastest
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Global Waxy Maize Starch Market Dynamics
Waxy maize starch Market Driver
Demand from Numerous End User Industries to Boost Demand for Waxy Maize Starch in Global Market
- 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.
Waxy maize starch Market Restraint
Alternatives in the Market to Pose Threat for Global Waxy Maize Starch Market
- It is predicted that the use of starches derived from other sources, such as potato starch, tapioca starch, rice starch, and other starches, will reduce the need for this particular product and could restrain or slow down the growth of the waxy maize starch market.
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Global Waxy Maize Starch Market Competitive Landscape
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.
Waxy maize starch Market Top Player’s Company Profiles
- Cargill
- Archer Daniels Midland Company
- Ingredion Incorporated
- Roquette Freres
- Tate & Lyle
- Grain Processing Corporation
- Avebe U.A.
- Emsland Group
- Agrana Beteiligungs-AG
- Beneo GmbH
- Tereos Starch & Sweeteners
- AGRANA
- Manildra Group
- Sudzucker AG
- KMC
- Henan Jindan Lactic Acid Technology Co. Ltd.
- Felda Iffco Sdn Bhd
- Hunan Huaxing Chemical Co. Ltd.
- Guangzhou Wansheng Food Group Co. Ltd.
- Guangxi Guangwei Chemical Co. Ltd.
Waxy maize starch Market Recent Developments
- In May 2022, Tate & Lyle announced the launch of a new Customer Innovation and Collaboration Centre in Santiago, Chile for better consumer service and reach. Tate & Lyle is a leading global manufacturer of food and beverage ingredients and solutions.
- In January 2022, AGRANA built a huge solar system at its potato starch mill in Gmünd, Waldviertel, under a contracting basis with RWA Solar Solutions. This installation is ready now and has 890 photovoltaic modules covering 1,650 m2 that have been put on the potato starch factory's roof and will produce 338,000 kWh annually. Gmünd's annual solar power output is enough for 75 families.
- In May 2021, Daesang Corp. announced its expansion plan to reach the US$1 billion sales milestone in Indonesia over the next decade. The South Korean food-maker plans to increase sales in the Indonesian market by 2030. Daesang hopes its ascent in Indonesia can expand to other halal markets in Southeast Asia and the Middle East.
- In September 2019, Cargill has partnered with two Indian enterprises to make maize starch and sweeteners in India. Cargill India, which owns an 800-tonne-per-day wet maize milling plant in Karnataka, has teamed with two units in South India one each in Karnataka and Andhra Pradesh to increase its production capacity.
Global Waxy Maize Starch Key Market Trends
Healthy Alternatives to Boost Market Growth for Waxy Maize Starch Market
- 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.
- As the global economy improves and more processed and convenience foods are consumed, the market for modified starch, which is used in these meals, is growing, propelling the corn starch industry. Companies are introducing clean-label corn starch products to meet customer demand for basic ingredients.
- Organic quick native starch manufactured from waxy maize in Europe. This debut was under the company's clean and simple ingredient category and has several food industry applications, including bread fillings, savory fillings, ready meals, and sauces.
Global Waxy Maize Starch Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Waxy Maize Starch Market analysis, leading players are pursuing mergers & acquisitions and new product development to consolidate and maximize their products. Companies are growing factory capacity to make more products and increase their line. This helps companies meet increased ingredient demand while expanding abroad. Increased preference for healthy food options will drive the demand for waxy maize starch in the global market. Capturing the food industry by offering a variety of food items will propel market growth in the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.48 billion |
| Market size value in 2031 | USD 6.12 billion |
| Growth Rate | 5.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Waxy Maize Starch Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Waxy Maize Starch Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Waxy Maize Starch Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Waxy Maize Starch Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Waxy Maize Starch Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Waxy Maize Starch Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Waxy Maize Starch Market Report Snapshots
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