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Friday, June 24, 2022

Global Native Corn Starch Market To Be Driven By Its Application Across Various In The Forecast Period Of 2022-2027

 The new report by Expert Market Research titled, ‘Global Native Corn Starch Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global native corn starch market, assessing the market based on its segments like application and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Historical Market Size (2021): USD 5.78 Billion
• Forecast CAGR (2022-2027): 5.4%
• Forecast Market Size (2027): USD 8.29 Billion

The growing demand for native corn starch in the production of food products as a thickening agent is strengthening the market for it. Alongside, the rapidly increasing health consciousness and the inclination towards clean labelled products against the chemical additives is also anticipated to support the growth of the market during the forecast period. Trends like likeliness foe convenient food solutions among the working class due to packed schedules is also expected to drive the market as a range of dishes can be concocted with the using native corn starch. Along the same lines, North America leads the native corn starch market owing to the great demand for ready-to-eat foods in the region.

Industry Definition and Major Segments

Native starch refers to pure form of starch. Hence, the pure form of starch obtained from corn is referred to as native corn starch. It is a white fine powder with neutral odour and taste. Native corn starch is used as a thickening agent and a stabiliser and is produced by drying the starch obtained from corn wet milling process.

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Based on application, the market is segmented into:

• Pharmaceuticals
• Food and Beverages
• Paper Industry
• Personal Care and Cosmetics Industry
• Pet Foods
• Others

The major regional markets include:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Market Trends

Leading market players have been channeling investments for the development of new varieties of native corn starch which has helped the market to rise. This can be attributed to the stretched demand for native corn starch from the food and beverage industry due to its advantages of low cost and easy availability. In July, 2020, Ingredion Incorporated launched a new organic native corn starch, PURITY Bio 201, in the US and Canada. Native corn starch also finds major application in the pharmaceutical and nutraceutical applications as it is biodegradable and helpful to produce sustainable formulations. Native corn starch also helps in improving stiffness which leads to its usage in paper and textile industry.

Key Market Players

The major players in the market are Cargill, Incorporated, Roquette Frères, Tereos Group, Gulshan Polyols Ltd., HL Agro Products Pvt. Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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