The Latin America, Middle East and Africa Corn and Corn Starch Derivatives Market would witness market growth of 7.5% CAGR during the forecast period (2022-2028).
Corn starch derivatives have a wide variety of applications, as they are utilized as a thickener, emulsifier, texture agent, and in several food products. Therefore, rising consumer expectations for better food items and increasing product innovation will drive the demand for starch derivatives throughout the predicted period.
As a result, corn starch is vastly used in various businesses like adhesives, food & beverage, paper & printing, oil-well drilling, air flotation, laundry, foundry, textiles, and pharmaceuticals. In addition, factors like industrial development and population growth are increasing the demand for commercial starch in the market.
There has been a significant development in the hospitality sector in the UAE because of the several efforts by the government. The increase in travel & tourism has supported the growth of the hospitality sector. The growing number of cooperates established in the region is another cause of expanded growth. Various resorts, local as well as foreign hotel chains, etc., are set up and are expanding all across the region which provides better quality facilities. With the growing hospitality sector, the demand for unique cuisines in the region is further increasing. This increases the opportunities for market vendors of corn and corn starch derivatives in the region to enter the food & beverage industry in the LAMEA region. The development of the pharmaceutical industry and hospitality sector is anticipated to increase the utilization of corn and corn starch derivatives, thereby supporting market expansion.
The Brazil market dominated the LAMEA Corn And Corn Starch Derivatives Market by Country in 2021 and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,202.5 million by 2028. The Argentina market is exhibiting a CAGR of 8.1% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 7.2% during (2022 - 2028).
Based on Product, the market is segmented into Corn Starch Derivatives (Corn Syrup, Modified Starch, Maltodextrin, Corn Ethanol, and Others), Corn Oil, Corn Starch, Corn Meal/Flakes/Grits, Corn Flour, and Others. Based on Application, the market is segmented into Food & Beverage, Textiles, Pharmaceutical, Paper & Board, Animal Feed, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Corn And Corn Starch Derivatives Market is Projected to reach USD 102.2 Billion by 2028, at a CAGR of 5.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer-Daniels-Midland Company, Ingredion Incorporated, Tate & Lyle PLC, AGRANA Beteiligungs-AG, Ashland, Inc., Wacker Chemie AG, Cargill, Incorporated, and Roquette Freres SA.
By Product
By Application
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 