Albany, New York, September 19, 2016: Market Research Reports Search Engine (MRRSE) has announced that its repository now features a new report, titled “Corn Starch Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.” The report, Transparency Market Research (TMR), predicts that the global corn starch market is predicted to touch US$22.1 bn by 2016 end, expanding at a 4.80% CAGR between 2016 and 2024.
As stated in the report, the increasing intake of convenience foods and the immense development of the paper and textile industries have provided impetus to the development of the global corn starch market. In addition, numerous corn starch consumers are preferring substitutes to cane sugar that are cost effective and at the same time apt to be used in numerous applications. This will further augment the market for corn starch. On the other hand, the increasing threat from alternatives including tapioca, etc., may inhibit the development of the global corn starch market in forthcoming years.
In terms of product type, the report segments the global corn starch market into modified starch, native starch, and sweeteners. Of these, sweeteners hold a dominant share of over 50% in this market. The growing demand for high fructose corn syrup (HFCS) in numerous food and beverages is amongst the prime factors augmenting the market for corn starch-based sweeteners. However, the segment of modified starch is poised to hold lucrative growth opportunities in this market and is anticipated to rise at a 5.40% CAGR during the forecast horizon.
Application-wise, the report segments the global corn starch market into textiles, food and beverages, paper and corrugated, pharmaceuticals, animal feed, and others. Amongst these, the segment of food and beverages led the market in 2015 and is predicted to maintain its dominance all through the forecast horizon.
On the basis of geography, the report categorizes the market into Europe, North America, Latin America, the Middle East and Africa (MEA). Amongst these, North America holds a significant share in the market on the basis of volume and value. On the other hand, the increasing penetration of a number of manufacturers operating in the market for corn starch in Asia Pacific nations such as that of India and China will boost the growth of the market in Asia Pacific. Hence, the Asia Pacific corn starch market is expected to rise at a 6.0% CAGR in the forecast horizon. On the other hand, the growth of this market in the MEA is moderate in comparison with other regions.
Browse Full Global Corn Starch Market Report with TOC:http://www.mrrse.com/corn-starch-industry
Roquette Frères S.A., Tereos Syral S.A.S, Archer Daniels Midland Company, and Associated British Foods plc, among others, are the prominent players in the global corn starch market.
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