In the past decade, governments across the world have taken initiatives to adopt ecofriendly measures, to reduce the usage of plastics, particularly those that are made with non-renewable products. These plastics are non-degradable, or they take many years to do so. Because of this, landfills in countries such as India is a major participant in global warming. In order to lessen this growing problem, nowadays biodegradable plastics are made using corn starch, which can be broken down easily. Most importantly, these bio-degradable plastic is made with renewable sources such as corn and vegetable fats. Additionally, corn starch is now used to manufacture products such as water bottles, polybags, diapers, plates, cups, food storage containers, cutlery, and many more, which can be decomposed easily. However, the demand for corn starch is at nascent stage and is expected to grow at a CAGR of 4.9% during the forecast period 2019-2025.  Moreover, the global corn starch market size was estimated $10.5 billion in 2018.

Gluten-Free Diet Providing Solutions to Cure GSD and Celiac Disease

According to the National Corn Growers Association, currently, the world’s total corn production is 43,290 million bushels. Increasing demand of corn starch in the pharmaceutical industry has impacted the growth of corn production. Consumption of corn starch provides strength to fight against various diseases such as celiac and glycogen storage disease (GSD). People suffering from celiac are advised to consume 100% gluten-free diet, to cure this disease. Celiac disease can lead to cancer in rare cases. According to the Celiac Disease Foundation report 2018, it is found that celiac disease prevalence worldwide is 1.4% based on blood tests and 0.7% based on biopsy results.  Corn starch is gluten-free with an insignificant amount of proteins and complex carbohydrate that is consumed with freshly cooked and packaged gluten-free dishes. Due to these adhesive properties of corn starch, it has become an important ingredient in the food and beverage industry. 

North America Dominating the Global Corn Starch Market

North America dominated the global corn starch market, with a regional share of 31.42% in 2018. According to the Celiac Disease Foundation, celiac disease was found in 0.5% people in America as of 2018, owing to this, the demand for a gluten-free diet made of corn starch in American food and beverage industry is consistently growing. Corn starch is used in various applications, ranging from medical therapy for certain illness to chemical additives. The other applications driving growth in the end-use industry such as cosmetics and paper & pulp industry.  Furthermore, corn starch is widely used in the food and beverages industry as a thickening agent in liquid food and anticaking agent in powdered sugar. North America has highest number of instant and processed food products consumers, due to this, the demand for corn starch is relatively high in this region.  Moreover, According to the Pork Check-off Organization, North America is amongst the top pork producing countries. It produced 11,610 metric tonnes of pork in 2017. According to the National Cattlemen’s Beef Association, North America is amongst the highest consumer of beef as people in the US consumed an average of 57.2 lbs in 2018.  With an increase in the consumption of meat, corn starch has become an important ingredient in the producing animal feed. Owing to this, North America corn starch market is expected to witness remarkable growth. This is driving the growth in the U.S. and eventually in the North America Corn Starch Market.

Key Application of the Corn Starch Market

Food and Beverage industry is the fastest growing segment of the corn starch market, growing at a CAGR of 5.19% through to 2025. The growing consumption of convenience food is driving the growth of the corn starch market. Corn starch is used very commonly in daily human diet as a stabilizer and used in preparing food as it is a binding agent. With an immense usage of product in the food and beverage industry, the demand for corn starch is anticipated to growth throughout the forecast period.  

Growth Drivers and Market Trends

·     Clean Label Starch Products

In order to sustain in the market, the key companies are developing clean label starch-based products. These products are being manufactured using clean label starch products which is popularly consumed by the consumers. Such product developments have influenced companies to innovate their products in same category. For instance, in 2018, Ingredion launched new certified organic additions NOVATION PRIMA 309 and 609 organic functional native starches in the U.S. and Canada. This has created more demand for corn starch in the food and beverage industry.

·     Animal Feed Market Increasing Corn Starch Demand 

Maize is commonly consumed feed ingredient by the livestock.  It contributes to energy supplement, protein, energy, and starch in animal’s feed. Almost 70-80% of maize production is used as a feed ingredient globally. Additionally, corn starch in animal feed improves the protein quality of cereal grains. High protein corn starch products are highly beneficial source of energy that is attributed to strong concentration of digestible neutral detergent fiber (NDF). Therefore, the growing demand for animal feed is expected to influence the growth of the corn starch market. 

·     Growing Usage of Corn Starch in the Packaging Industry

The corn starch market is gaining traction, due to increasing consumption of corn starch in the packaging industry. Corn starch is widely used in the packaging industry with a polylactic acid which is made using sugar, usually from cornstarch that helps in maintaining consistency of plastic. Plastics made up of corn starch are recyclable, biodegradable, environment-friendly, and compostable. Regions such as South Africa has already banned non-environment-friendly, thin plastic shopping bags. Furthermore, companies are these days aware of the environmental impact of polystyrene due to this they have started using corn-based packaging materials. With corn starch being its main ingredient for production, it is making reducing the impact of plastic in the environment. Owing to these factor, the corn starch market is expected to have a substantial growth in the coming future.

 

Major Player in the Market

The prominent players in the corn starch market are Akzo Nobel NV, Bayer AG, Ajinomoto Company Incorporated, Henkel KGaA, Cargill Incorporated, Grain Processing Corporation, Croda international, Archer-Daniels-Midland Company, DuPont (EI) de Nemours, BASF SE Associated British Foods plc, and Calpis Company. These companies have been continuously focusing on R&D investments, acquisitions and partnership strategies to strengthen their product portfolio. For instance, in 2018, Cargill, India proposed to expand its corn processing facility in Karnataka, India in coming 12-18 months to increase sourcing of maize in the region. Additionally, it also invested more the $40 billion for starting a new manufacturing unit for producing modified starch for industrial usage. The company is planning to increase its corn sourcing from farmers from 20,000 tonnes to 40,000 tonnes. Company has a wet corn milling plant in India, with an investment of $100m. Wet Corn are majorly used in making bakery products, confectionaries, animal nutrition, and baby food. This has created new opportunities for the corn starch market growth.

Moreover, Gilco, a Japanese company that deals in skin care ingredients made up of corn starch-based glycogen is planning to launch all their products in the global market. This will create a competition in the cosmetic industry, and in turn will boost the demand of corn starch in the global market.

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Related Reports:

Modified Starch Market

https://www.industryarc.com/Report/7457/modified-starch-market.html

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https://www.industryarc.com/Research/Industrial-Starch-Market-Research-504724       

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