The North America Corn Starch Market would witness market growth of 6% CAGR during the forecast period (2020-2026). Starch is an example of natural polymer made by plants in plenty and corn starch is one of its types. Seemingly, corn starch is a derivative form of maize and it is a common constituent of food that is often used to thicken soups or in making corn sugars & corn soups. In addition, corn starch is malleable, can be easily altered, and finds skid of applications in paper items, adhesives, and textile production. Furthermore, it is also used as an anti-sticking agent as well as it is used in the Animal Feed sector.
Corn starch is also useful for humans for the treatment of glycogen storage disease (GSD). This application is expected to have a positive impact on the corn starch market in the coming years. Food producers decrease the cost of production by adding a variable quantity of corn starch in food. This process is likely to boost the market over the foreseeable period. The rising shifting trend of petroleum with ethanol is likely to be the main driving factor over the coming years. Corn starch is the main raw material for the production of ethanol. Replacement risk from arrowroot in the food industry is supposed to impose a substantial threat to the market over the foreseeable period. Development in the field of biotechnology, amplified production of value-added chemicals as well as the discovery of novel fermentation organisms is likely to create abundant opportunities for the market players.
The progress of the market in North America over the foreseeable timeline is owing to massive product use in animal feed coupled with its use in the production of pharmaceutical, pet food, and personal care & cosmetic items in countries such as the U.S. Furthermore, the U.S. is one of the largest corn manufacturers. Moreover, consumption of convenience diet and RTE snacks will direct the regional market trends in the coming years.
Based on Form, the market is segmented into Liquid and Powder. Based on Type, the market is segmented into Sweetener, Modified and Native. Based on Application, the market is segmented into Food Ingredients, Pharmaceuticals and Other Applications. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Corn Starch Market in North America is expected to register a CAGR of 6% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Cargill Corporation, Akzo Nobel N.V., Bayer AG, Ajinomoto Co., Inc., Henkel AG & Company, KGaA, Associated British Foods PLC (Wittington Investments Limited), Archer Daniels Midland Company, BASF SE, Tate & Lyle PLC, and Croda International PLC.
Market Segmentation:
By Form
By Type
By Application
By Country
Companies Profiled
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