Global Waxy Maize Starch Market, By Category (Conventional, Organic), Type (Native, Modified), Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, Animal Feed, Textiles, Others) - Industry Trends and Forecast to 2031.
Waxy Maize Starch Market Analysis and Size
The essential factors contributing to the growth of the waxy maize starch market in the forecast period of 2024 to 2031 include versatility in applications, increased demand for processed foods, and rising demand for waxy maize starch in emerging markets.
Data Bridge Market Research analyzes that the global waxy maize starch market which was USD 4,249.60 million in 2023, is expected to reach USD 6.432.20 million by 2031, growing at a CAGR of 5.3% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Category (Conventional, Organic), Type (Native, Modified), Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, Animal Feed, Textiles, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Ingredion Incorporated (U.S.), Cargill, Incorporated (U.S.), Tate & Lyle PLC (U.K.), Roquette Frères (France), AGRANA Stärke GmbH (Austria), Archer Daniels Midland Company (ADM) (U.S.), Emsland Group (Germany), Tereos Syral (France), Thai Wah Starch Public Company Limited (Thailand), Luzhou Bio-Chem Technology Limited (China)
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Market Opportunities
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Market Definition
Waxy maize starch is a complex carbohydrate derived from maize or corn. It is a great source of energy. It is used as a gelling, thickening, and binding agent in a wide range of food and beverages, including bakery products, confectionery, soups, salad dressings, sauces, ice creams, fruit drinks, and dairy products. Waxy maize starch is also used in non-food applications, such as pulp & paper, pharmaceuticals, and animal feed. In the pharmaceutical industry, waxy maize starch is used as an excipient and binding agent in tablet making.
Global Waxy Maize Starch Market Dynamics
Drivers
- Versatility in applications
Waxy maize starch's versatility in different applications, including food, pharmaceuticals, and industrial processes, contributes to its widespread use. It serves as a functional ingredient with diverse applications across various industries. Moreover, as economies develop and consumer preferences evolve, there is a growing demand for processed and convenience foods in emerging markets. This trend is driving the demand for functional ingredients like waxy maize starch.
- Increased demand for processed foods
The trend toward convenience and processed foods has increased the demand for ingredients like waxy maize starch. It is commonly used in the food industry to enhance the texture, stability, and overall quality of processed and convenience products.
Opportunity
- Huge investments in research and development
Ongoing research and development efforts to enhance the properties of waxy maize starch and discover new applications contribute to its market growth. Continuous innovation in product formulations and processing techniques can open up new opportunities for the ingredients.
Restraint/Challenge
- Competition with alternative starches
The waxy maize starch market faces competition from alternative starches, such as potato starch, tapioca starch, and modified starches. The availability of a variety of starch options with different properties may impact the market share of waxy maize starch.
This waxy maize starch market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Waxy maize starch market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2021, AGRANA Beteiligungs-AG invested USD 27.36 million in several projects during the financial year 2021-22. The company increased its specialty corn processing capacity in Aschach, Austria. This investment also helped the company to improve the spray drying towers and upgrade the drum drying plant in Gmund, Austria
Global Waxy Maize Starch Market Scope
The waxy maize starch market is segmented on the basis of category, type, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Category
- Conventional
- Organic
Type
- Native
- Modified
Application
- Food And Beverages
- Pharmaceuticals and Nutraceuticals
- Animal Feed
- Textiles
- Others
Global Waxy Maize Starch Market Regional Analysis/Insights
The waxy maize starch market is analyzed and market size insights and trends are provided by country, category, type, and application as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., Israel, Egypt, South Africa, rest of Middle East and Africa, Brazil, Argentina and rest of South America.
Asia-Pacific is expected to dominate the market due to its multi-functional applications. It is suitable for various applications in the food and industrial sectors, contributing to increased demand.
North America is expected to observe a significant amount of growth in the market due to evolving consumer preferences; there is a growing demand for processed and convenience foods in emerging markets. This trend is driving the demand for functional ingredients like waxy maize starch.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Waxy Maize Starch Market Share Analysis
The waxy maize starch market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Waxy maize starch market.
Some of the major players operating in the waxy maize starch market are:
- Ingredion Incorporated (U.S.)
- Cargill, Incorporated (U.S.)
- Tate & Lyle PLC (U.K.)
- Roquette Frères (France)
- AGRANA Stärke GmbH (Austria)
- Archer Daniels Midland Company (ADM) (U.S.)
- Emsland Group (Germany)
- Tereos Syral (France)
- Thai Wah Starch Public Company Limited (Thailand)
- Luzhou Bio-Chem Technology Limited (China)
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