USD 26.11 Billion
Corn and Corn Starch Derivatives Market Size, Share, Growth Analysis, By Product Type(Glucose Syrup, High Fructose Corn Syrup, Corn Oil, Cornmeal), By Application(Food And Beverage, Pharmaceuticals, Animal Feed, and Others), By Function(Thickening Agents, Stabilizers, Sweeteners, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30H2132 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
94
|Figures:
78
Corn and Corn Starch Derivatives Market Insights
Global Corn and Corn Starch Derivatives Market size was valued at USD 26.11 Billion in 2022 and is poised to grow from USD 27.21 Billion in 2023 to USD 37.81 Billion by 2031, at a CAGR of 4.20% during the forecast period (2024-2031).
The growth of the market is attributed to the increasing demand for natural and organic ingredients in the food and beverage industry and rising demand for biofuels. Corn and corn starch derivatives are used as natural and organic ingredients in various food and beverage products. Additionally, the rising demand for biofuels is expected to boost the demand for corn starch derivatives in the coming years.
Furthermore, the increasing demand for corn starch derivatives in the pharmaceutical and personal care industries is expected to drive the growth of the market. Corn starch derivatives are used in pharmaceuticals as binders, disintegrants, and fillers, and in personal care products as thickeners and emulsifiers.
US Corn and Corn Starch Derivatives Market is poised to grow at sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Food And Beverage
Fastest Growth
Food And Beverage
Growth Rate
4.20% CAGR
Global Corn and Corn Starch Derivatives Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Corn and Corn Starch Derivatives Market Segmental Analysis
Global corn and corn starch derivatives market is segmented on the basis of product, application, function, and region. By product, the market is segmented into glucose syrup, high fructose corn syrup, corn oil, cornmeal, corn starch, and others. By application, the market is segmented into food and beverages, animal feed, pharmaceuticals, and others. By function, the market is segmented into thickening agents, stabilizers, sweeteners, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Corn and Corn Starch Derivatives Market Analysis by Application
The food & beverages segment dominated the global corn and corn starch derivatives and is anticipated to maintain its dominance throughout the forecast period. This growth is attributable to several factors such as the growing population and changing consumer preferences have led to an increase in the demand for processed food and beverages. The versatility and functional properties of corn and its derivatives make them an ideal ingredient for many food and beverage formulations.
The development of new products and applications for corn and its derivatives has further expanded the market potential for the food and beverage industry. While the food and beverage industry currently dominates the corn and corn starch derivatives market, other industries such as animal feed, pharmaceuticals, and industrial applications are also significant consumers of corn and its derivatives.
Global Corn and Corn Starch Derivatives Market By Application, 2022 (%)
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Corn and Corn Starch Derivatives Market Regional Insights
North America dominated the global corn and corn starch derivatives in 2021 and is expected to maintain its dominance throughout the forecast period. This region accounts for a significant share of the global market, primarily driven by the high demand for corn-based products in the food and beverage industry. Corn starch, high-fructose corn syrup, and corn oil are some of the most widely consumed derivatives in the region. The presence of major corn producers and processors such as the US and Canada has also contributed to the growth of this regional market
Asia Pacific is considered one of the fastest-growing regions for the corn and corn starch derivatives market. The region is witnessing significant growth due to factors such as the growing population, urbanization, and increasing disposable income. The increasing focus on renewable energy sources and the growth of the biofuels industry are also expected to contribute to the growth of the corn and corn starch derivatives market in Asia Pacific.
Global Corn and Corn Starch Derivatives Market By Geography, 2022-2030
- Largest
- Fastest
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Corn and Corn Starch Derivatives Market Dynamics
Corn and Corn Starch Derivatives Market Drivers
Increasing Demand For Convenience Food Products
- Convenience food products refer to those food items that require minimal preparation and can be consumed quickly. These include ready-to-eat meals, packaged snacks, and beverages. The demand for convenience food products is driven by various factors such as changing lifestyles, increasing urbanization, and rising disposable incomes. The changing lifestyle patterns have led to a rise in the number of working professionals who have less time to prepare meals at home. This has increased the demand for ready-to-eat and easy-to-prepare food products. Moreover, the growing urbanization has resulted in the emergence of supermarkets and hypermarkets, which offer a wide range of packaged food products. These stores have made it easier for consumers to access and purchase convenience food products.
Corn and Corn Starch Derivatives Market Restraints
Availability and Price of Raw Materials
- Corn is the primary raw material for the production of corn starch and its derivatives, and any fluctuations in the availability and price of corn can significantly impact the market. The supply of corn is subject to various factors such as weather conditions, pest infestations, and changes in government policies related to agriculture. For example, in the case of adverse weather conditions such as drought or excessive rainfall, the production of corn may be impacted, leading to a shortage in supply and an increase in prices. Similarly, pest infestations such as corn borers and armyworms can also cause a decline in corn yields, leading to a decrease in the availability of raw materials. Moreover, changes in government policies related to agriculture such as subsidies and import/export regulations can impact the prices and availability of corn, which can affect the production of corn starch and its derivatives.
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Corn and Corn Starch Derivatives Market Competitive Landscape
Corn and corn starch derivatives market is highly fragmented, with the presence of several local and international players. The market players are focused on developing new and innovative products to meet the changing consumer demand and to gain a competitive edge in the market. The market players are also investing in research and development to introduce new and innovative products. For example, Archer Daniels Midland Company launched a range of plant-based meat alternatives in 2020, which are made from soy and wheat protein isolates and corn starch. Similarly, in 2021, Tate & Lyle PLC introduced a new range of stevia sweeteners, which are made from corn-based ingredients. Leading companies in the market for corn and corn starch derivatives include:
Top Player’s Company Profiles
- ADM
- Cargill
- Ingredion
- Tate & Lyle
- Agrana Group
- Roquette Frères
- Wacker Chemie AG
- National Starch & Chemical Company
- Ashland
- Fibersol
- Archer Daniels Midland Company
- Ingredion Incorporated
- Roquette Frères
- Grain Processing Corporation
- Tereos S.A.
- Avebe U.A.
- Global Bio-Chem Technology Group Company Limited
- AGRANA Beteiligungs-AG
- Südzucker AG
- Corn Products International, Inc.
- AVEBE U.A.
- Emsland Group
Corn and Corn Starch Derivatives Market Recent Developments
- In September 2021, Cargill announced its plans to invest $475 million in its starch production facility in Sas Van Gent, Netherlands. The investment aims to increase the production capacity of the facility and to meet the growing demand for corn starch and its derivatives in Europe.
- In August 2021, ADM announced the acquisition of Sojaprotein, a leading European producer of plant-based protein ingredients. The acquisition aims to expand ADM's plant-based protein portfolio and to cater to the growing demand for plant-based products.
- In February 2021, Roquette announced the acquisition of Sethness Products Company, a leading manufacturer of caramel color for the food and beverage industry. The acquisition is aimed at expanding Roquette's product portfolio and to cater to the growing demand for natural colors in the food industry.
Corn and Corn Starch Derivatives Key Market Trends
- There is a growing consumer preference for natural and organic ingredients in food and beverage products, which is driving the demand for corn and corn starch derivatives as they are naturally derived and can be used as a clean label ingredient.
- The demand for corn-based biofuels is increasing, especially in regions such as North America and Europe, as they are seen as a more sustainable alternative to fossil fuels. This is expected to drive the demand for corn starch and its derivatives as they are used in the production of biofuels.
- Corn and corn starch derivatives are known to have several health benefits, such as improving digestion and promoting healthy cholesterol levels, which is driving their demand in the food and beverage industry.
Corn and Corn Starch Derivatives Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
The corn and corn starch derivatives market is expected to experience significant growth in the coming years, driven by factors such as the increasing demand for natural and organic ingredients, the expanding food processing industry, and the rising demand for plant-based products. The market is also expected to benefit from the growing use of corn-based biofuels and the rising awareness about the health benefits of corn and corn starch derivatives.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 26.11 Billion |
| Market size value in 2031 | USD 37.81 Billion |
| Growth Rate | 4.20% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Corn and Corn Starch Derivatives Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Corn and Corn Starch Derivatives Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Corn and Corn Starch Derivatives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Corn and Corn Starch Derivatives Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Corn and Corn Starch Derivatives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Corn and Corn Starch Derivatives Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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