Corn Starch Market to Grow by USD 4.77 Billion (2024-2028), Vendor Strategies Boost Growth, AI-Powered Market Evolution Report - Technavio

The corn starch market is projected to grow by USD 4.77 billion, with a CAGR of 4.5% between 2023 and 2028. This surge in demand is driven by several trends, including the increasing popularity of private-label brands, the rise of gluten-free products, and the growing adoption of corn starch in a range of industries. This versatile ingredient, derived from corn, serves various functions, including acting as a thickening agent, texture enhancer, and binder across several applications. Let’s explore the key drivers, trends, and regional market developments, along with notable players driving the industry’s growth.Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Market Overview

Corn starch is a key food ingredient, particularly used as a thickening agent in sauces, gravies, soups, and as a food additive in baked goods and convenience foods. Beyond food, it is utilized across industries such as pharmaceuticals, textiles, paper manufacturing, and oil well drilling, thanks to its versatile properties.

Market Segmentation

The corn starch market is segmented based on product type and geography:

By Product

1. Sweeteners
2. Native Starch
3. Modified Starch

By Geography

1. North America (United States, Canada)
2. Europe (Germany, UK)
3. Asia Pacific (China)
4. South America
5. Middle East and Africa

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Key Market Drivers

1. Rising Demand for Private-Label Brands
   Private-label brands are gaining traction due to their affordability and perceived quality, particularly in the US. This trend is boosting corn starch market growth, as major retailers introduce their corn starch products to meet consumer demands for organic and conventional starch alternatives.

2. Increasing Awareness of Gluten-Free Products
   Corn starch, being naturally gluten-free, is increasingly sought after as consumers opt for gluten-free diets due to health reasons such as celiac disease. This trend is particularly prominent in the food industry, where corn starch serves multiple roles in enhancing texture and extending shelf life.

3. Health Benefits of Resistant Starch
   Resistant starch, derived from corn starch, provides various health benefits, including improved insulin sensitivity and digestive health. This has driven demand for corn starch, especially in processed food products and gluten-free options.

Market Challenges

1. Availability of Substitutes
   While corn starch is widely used, alternatives like potato starch, rice starch, and tapioca starch are gaining popularity due to their similar functional properties. This competitive landscape can hinder corn starch's growth, particularly in the food and beverage sector.

Regional Market Trends

1. North America
   North America is expected to contribute 45% of the global market growth. The region’s growing consumption of ready-to-eat snacks and convenience foods, combined with the increasing Hispanic population and rising demand for tortillas, drives the demand for corn starch. This region’s significant urban population and high number of food service outlets further support corn starch market expansion.

   • Key countries: United States, Canada

2. Europe
   In Europe, there is a growing demand for clean-label, sustainable ingredients, which benefits the use of native corn starch. Health-conscious consumer trends and the rise in demand for gluten-free foods support the market.

   • Key countries: Germany, UK

3. Asia Pacific (APAC)
   The APAC region, especially China, is witnessing a surge in the use of corn starch across the food and beverage industry, driven by rising consumption of processed foods. The food sector’s growth, along with increased disposable income, is likely to drive market demand.

   • Key countries: China

4. South America & Middle East and Africa
   In these regions, the demand for corn starch is relatively steady. The versatility of corn starch across food, paper, and textile industries is expected to continue supporting market growth

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Key Players in the Corn Starch Market

Several prominent players dominate the corn starch market through strategic partnerships, mergers, and geographical expansion. Some of the leading companies in the global corn starch market include:

• 5Brothers
• Amrut International
• Angel Starch and Food Pvt. Ltd.
• Archer Daniels Midland Co.
• Associated British Foods Plc
• Cargill Inc.
• Everest Starch India Pvt. Ltd.
• Global Bio chem Technology Group Co. Ltd.
• HL Agro Products Pvt. Ltd.
• Ingredion Inc.
• Kent Corp.
• Roquette Freres SA
• Royal Ingredients Group BV
• Sanstar Bio Polymers Ltd.
• Shubham Starch Chem Pvt. Ltd.
• SMS Corp. Co. Ltd.
• SZVG eG
• Tate and Lyle PLC
• Tereos Participations
• Vijaya Enterprises

These companies focus on expanding their market presence, improving product functionality, and meeting the growing demand for sustainable and gluten-free ingredients.

Recent Developments

• January 2025 – Archer Daniels Midland Co. launched a new corn starch variant aimed at the growing demand for gluten-free products. This move is part of ADM's strategy to increase its footprint in the health-conscious food sector.
• December 2024 – Cargill Inc. announced a strategic partnership with a global food retailer to supply sustainable, eco-friendly corn starch products. This partnership is expected to meet the growing consumer demand for clean-label and sustainable ingredients.
• November 2024 – Ingredion Inc. expanded its corn starch production facility in North America to cater to the rising demand for modified corn starch across industrial applications.
• October 2024 – Tate and Lyle PLC introduced a new line of modified corn starches with enhanced functionality for use in bakery products, particularly focusing on improving shelf life and texture.