Global corn starch market is expected to witness significant growth over the next six years owing to increasing usage in food & beverages, processed food, paper & board and detergent industries. Corn starch is also beneficial for humans in treating glycogen storage disease (GSD). This application is anticipated to have positive impact on corn starch market in the near future. Food producers reduce production cost by adding varying amount of corn starch in food. This process is expected to drive the market over the forecast period. Growing replacement trend of petroleum with ethanol is expected to be the major driving factor over the foreseeable period. Corn starch is a major raw material for ethanol production. Substitution threat from arrowroot in food industry is presumed to impose significant threat to the market over the forecast period. Advancement in the field of biotechnology, increased production of value-added chemicals and discovery of new fermentation organisms are expected to create ample opportunities for the market participants.
Overall corn starch product market is categorized as hydrolyzed starch, ether starch, resistance starch, hybrid natural starch, and pre-gelatinized starch. Wide range applications of these products are expected to drive the global market over the next six years. Major applications include ethanol production and in food industry. Corn starch is also used in manufacturing pet food, animal food, pharmaceutical and cosmetics. Growing animal feed market is anticipated to have positive impact on global corn starch market in the future.. This trend is expected to drive the U.S. and eventually North America corn starch market. This is also expected to witness significant growth over the next six years. European market is presumed to witness sluggish growth. Unorganized agriculture sector in the region is anticipated to hinder the regional market growth.
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Rising population and increase in disposable income among consumers in emerging countries such as China, India and Brazil is expected to have positive impact on the regional Asia Pacific and South America corn starch market. Brazil is also the third largest producer of corn in the world. Growing food industry and easy availability of feedstock is expected to drive the corn starch market in Brazil.
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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