What is the global market size of Waxy Maize Starch Market?

Waxy Maize Starch Market size was valued at USD 3.48 billion in 2021 and is poised to grow from USD 3.68 billion in 2022 to USD 6.12 billion by 2030, growing at a CAGR of 5.8% in the forecast period (2023-2030).

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.

Global Waxy Maize Starch Market Report Snapshots

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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. '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.'

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.

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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

Global Waxy Maize Starch Market Insights

Global Waxy Maize Starch Market Report Snapshots

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