Starch has the most copious supply in nature, after cellulose and is found in roots, seeds, and higher plants’ tubers for energy storage. It can be extracted from numerous agricultural products such as potatoes, wheat, cassava, corn and in meagre amounts from sago, sorghum, barley, and rice. Amongst these, corn starch is extracted from the endosperm of corn kernel and has a broad range of applications such as extensive employment in paper making, ethanol, sweeteners, as a food ingredient, etc.
Browse the full Global Corn Starch Market Report: http://www.mrrse.com/corn-starch-industry
Increasing Substitution of Petroleum with Ethanol to Fuel Corn Starch Market
The global corn starch market is predicted to experience a substantial rise in the coming years due to the growing preference for processed food, rising growth in the food and beverage and detergent and paper industries. In addition, corn starch also helps individuals in the treatment of glycogen storage disease (GSD). This will provide impetus to the overall growth of the market for corn starch.
Furthermore, corn starch has come up as key raw material for the production of ethanol. Hence, the increasing substitution of petroleum with ethanol will positively impact the development of the market for corn starch. The increased output of maize, having a huge content of starch will also boost the growth of the overall market. On the other hand, the increasing count of substitutes such as tapioca may impede the growth of this market in forthcoming years.
Increasing Employment of High Fructose Corn Syrup to Fuel Demand for Modified Starch
On the basis of product, the market is categorized into modified starch, native starch, and sweeteners. Amongst these, the segment of sweeteners holds a significant share of more than 50% in the market at present. On the other hand, the segment of modified starch is predicted to hold lucrative opportunities in the growth of the market and is predicted to rise at a 5.40% CAGR between 2016 and 2024. This is owing to the increasing employment of high fructose corn syrup (HFCS) in numerous food and beverage applications.
Immense Growth Opportunities for Corn Starch in Food and Beverage Industry
In terms of application, the market for corn starch is segmented into animal feed, food and beverages, textiles, pharmaceuticals and chemicals, paper and corrugated, and others. Amongst these, the segment of food and beverages held a dominant share in the market in 2015. This segment is predicted to maintain its superiority from 2016 to 2024. This is due to the fact that numerous food producers lower their production cost by putting in different amounts of corn starch in their food items. In addition, the increasing expansion of the food and beverage industry globally will also raise the utilization of corn starch, thus boosting the overall market growth.
Browse the full Press Release of Global Corn Starch Market at http://www.mrrse.com/corn-starch-market
North America Corn Starch Market Leads by Value and Volume
Geographically, the market is categorized into Europe, North America, Latin America, and Asia Pacific, and the Middle East and Africa (MEA). Amongst these, the North America corn starch market is the leading market on the basis of both volume and value. However, the growth of the market in Asia Pacific is predicted to rise at a healthy 6.40% CAGR from 2016 to 2024. The reason for the superiority of Asia Pacific is the increasing penetration of key manufacturers of corn starch in nations such as India and China.
The prime players operating in the global corn starch market are Archer Daniels Midland Company, Associated British Foods plc., Tereos Syral S.A.S, Roquette Frères S.A., and Tate & Lyle PLC, among others.