What is Global Corn and Corn Starch Derivatives Market?
The Global Corn and Corn Starch Derivatives Market is a vast and dynamic sector that encompasses a wide range of products derived from corn. These include corn starch, corn starch derivatives, corn oil, corn flour, corn meal/flakes/grits, and corn protein. Corn starch is a carbohydrate extracted from the endosperm of corn. It is used in a variety of applications, including as a thickening agent in soups and sauces, as a binder in pharmaceuticals, and as an adhesive in papermaking. Corn starch derivatives, on the other hand, are products that have been chemically modified to enhance their functionality. These include modified starches, dextrins, and cyclodextrins, which are used in a variety of industries, including food and beverage, pharmaceuticals, and cosmetics. Corn oil is a type of vegetable oil obtained from the germ of corn. It is used in cooking and baking, as well as in the production of biodiesel. Corn flour, corn meal/flakes/grits, and corn protein are all food products derived from corn. They are used in a variety of culinary applications, from baking to brewing.
Corn Starch, Corn Starch Derivatives, Corn Oil, Corn Flour, Corn Meal/Flakes/Grits, Corn Protein in the Global Corn and Corn Starch Derivatives Market:
The Global Corn and Corn Starch Derivatives Market plays a crucial role in a variety of sectors, including food and beverage, animal feed, paper and board, pharmaceutical, biodiesel, textiles, among others. In the food and beverage industry, corn and its derivatives are used as ingredients in a wide range of products, from baked goods to beverages. They provide texture, flavor, and nutritional value to these products. In the animal feed industry, corn and its derivatives are used as a source of energy and protein for livestock. In the paper and board industry, corn starch is used as an adhesive, while corn oil is used in the production of biodiesel. In the pharmaceutical industry, corn starch and its derivatives are used as binders and disintegrants in tablets and capsules. In the textile industry, corn starch is used in the sizing of yarns and fabrics.
Food and Beverage, Animal Feed, Paper and Board, Pharmaceutical, Biodiesel, Textiles, Others in the Global Corn and Corn Starch Derivatives Market:
The future of the Global Corn and Corn Starch Derivatives Market looks promising, as per a recent survey. The market, which was valued at US$ 75610 million in 2022, is projected to grow to US$ 106270 million by 2029. This represents a compound annual growth rate (CAGR) of 5.0% during the period from 2023 to 2029. This growth can be attributed to a variety of factors, including increasing demand for corn and its derivatives in various industries, advancements in corn processing technologies, and the growing awareness of the nutritional benefits of corn and its derivatives. However, the market also faces several challenges, such as fluctuations in corn prices and the availability of substitutes. Despite these challenges, the market is expected to continue its upward trajectory, driven by the increasing demand for corn and its derivatives in emerging markets, the development of new and innovative corn-based products, and the growing emphasis on sustainable and environmentally friendly practices in the corn industry.
| Report Metric | Details |
| Report Name | Corn and Corn Starch Derivatives Market |
| Accounted market size in 2022 | US$ 75610 million |
| Forecasted market size in 2029 | US$ 106270 million |
| CAGR | 5.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | ADM, Cargill, Ingredion, Tate & Lyle, Agrana Group, Archer Daniels Midland Company, Roquette Frères, Wacker Chemie AG, National Starch and Chemical Company, Ashland, Associated British Foods PLC, Fibersol |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
