Corn Starch Market to grow at a CAGR of 4.5% during 2024-2028
The Corn Starch Market is expected to grow at a CAGR of 4.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4774.2 million. The surge in demand for gluten-free food products, driven by the growing awareness and diagnosis of celiac disease and non-celiac gluten sensitivity, has significantly increased the market potential for corn starch. As a naturally gluten-free alternative to wheat, barley, and rye-derived starches, corn starch offers a viable solution for food manufacturers seeking to cater to this expanding consumer base. Celiac disease is a condition that affects the small intestine's ability to absorb nutrients due to an intolerance to gluten, a protein found in various grains. If left untreated, it can lead to severe health complications. Corn starch, devoid of gluten, presents a valuable opportunity for businesses to meet the dietary requirements of this consumer segment while maintaining the desired texture and consistency in their food offerings.
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Technavio analysts predict that the Sweeteners subsegment will lead the Product segment during 2024 and 2028 The Corn Starch Market represents a significant business opportunity, driven by its extensive applications in various industries. Key end-use sectors include food and beverage, pharmaceuticals, textiles, and paper and pulp. Growing demand for clean label and organic food products is propelling the market's expansion. Additionally, corn starch's versatility as a renewable resource and its eco-friendly attributes make it an attractive alternative to traditional chemical additives. Market size is projected to grow steadily, driven by these trends and increasing global awareness towards sustainable manufacturing practices.
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There are several factors that are causing the market to flourish increasing prominence of private-label brands
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The Corn Starch Market encompasses a wide range of applications, from food ingredients and additives to industrial uses. In the food sector, both Powdered Corn Starch and Liquid Corn Starch are commonly used for their thickening and binding properties in various dishes, baked goods, and Convenience Foods. Insulin Sensitivity is a key factor in the food industry, and Corn Starch, particularly Resistant Starch, has gained attention for its potential health benefits in managing blood sugar levels. Food Processing transforms Native Corn Starch into various forms, including Starch Syrups, Modified Corn Starch, and Native Corn Starch, which serve diverse purposes. Modified starches, such as those used as Viscosity-control agents, Gums, and Sauces thickeners, find applications in the Food Industry. Industrial uses of Corn Starch extend beyond food, including Adhesives, Oil-well drilling, Air flotation, Foundry, Laundry, Textiles, Sizing materials, Filler, and Paper industry applications. Corn Starch also serves as a Filler in various industries and as a base for the production of Sweeteners and Modified Starches. Overall, the versatility of Corn Starch makes it an essential commodity in numerous industries.
The global packaged foods and meats market encompasses vendors engaged in food processing to ensure microbial elimination and shelf life extension. According to Technavio, the market's size is determined by the consolidated revenue of participating vendors. Equipment manufacturers and producers of packaged beverages, including alcoholic and non-alcoholic varieties, are excluded. Factors fueling the market's expansion include the health benefits linked to minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.
The Corn Starch Market is experiencing significant growth, fueled by the increasing prominence of private-label brands. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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