To improve the website's functionality, we use cookies, including third-party cookies. Read our Privacy Policy for more information

I Agree

Waxy Maize Starch Market

Waxy Maize Starch Market Analysis, By Type (Native, Modified), By Nature (Organic, Conventional), By End Use (Food Industry, Foodservice, Non-Food Applications), & By Region – Global Market Insights 2022-2032

Analysis of Waxy Maize Starch Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Waxy Maize Starch Market Outlook (2022-2032)

The waxy maize starch market is valued to be worth US$ 3.68 Billion in 2022 and during the forecast period, it is anticipated to grow at a CAGR of 5.8%. In 2032, the market for waxy maize starch is expected to be worth US$ 6.49 Billion.

Waxy maize starch is a versatile ingredient utilized in many different final product sectors, including the culinary, textile, and pharmaceutical industries. It's mixed into the yarn to make it stronger and less likely to wear out from everyday use, as well as to keep out moisture. When fabrics are overprinted with colourful inks, it acts as a filler and stabiliser. The following advantages are propelling the industry forward.

Some other factors influencing the demand for waxy maize starch include :

  • Waxy maize starch is in high demand due to the numerous health benefits linked with it, which is helping to fuel the global trend toward eating more healthfully.
  • Starches are being used in the detergent industry to create products that are safe for the environment and human skin.
  • Since the food industry accounts for a sizable portion of the global market, supplying it with products from manufacturers could result in substantial financial rewards.
  • Waxy maize starch's use in non-food applications has a lot of promise, and manufacturers might want to capitalise on this by shifting their attention there.

Consumption of convenience foods is driven by people's hectic work schedules and busy lifestyles, the rise in two-income families and single-person households, and the rise in the number of women who are in the labour force. Waxy maize starch is a common ingredient in many prepared foods. It can be found in a variety of baked items, soups, snacks, sauces, and dressings. Due to this, the demand for waxy maize starch is on the rise, which is fueling the expansion of the demand for waxy maize starch.

Report Attributes

Details

Market Size (2022)

US$ 3.68 Billion

Projected Market Value (2032)

US$ 6.49 Billion

Global Market Growth Rate

5.8%

Conventional Segment Market Share

74.7%

Middle East & Africa Market Valuation (2032)

US$ 268.8 Mn

Key Companies Profiled

  • Cargill Inc.
  • Archer Daniels Midland Co.
  • Ingredion Inc.
  • Tate & Lyle PLC
  • Associated British Foods PLC

Don't Need a Global Report?

Save 40% on Country & Region specific reports

Demand Grows for Products Made with Non-Toxic Ingredients

Food and beverage, along with other industries around the world, are feeling the effects of the growing demand for "clean label" ingredients and products. The demand for clean label starches can be attributed to the increasing health awareness of consumers as well as the need for and desire for natural, pure, and high-quality products.

Market demand for waxy maize starch, which has widespread applications in the food industry, is rising as a result of rising consumption of processed and convenience foods as a result of an improving global economy. Companies are responding to consumers' growing interest in products with fewer, simpler ingredients by developing new products that feature "clean label" corn starch.

So, in 2020, Ingredion Incorporated introduced a new organic instant functional native starch made from waxy maize, processed in Europe. This introduction falls under the company's clean and simple ingredient category and has many potential uses in the food industry, including but not limited to bakery fillings, savoury fillings, ready meals, sauces, and many others.

Waxy Maize Starch Market

More Insights, Lesser Cost (-50% off)

Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR

Rising Demand from a Wide Range of End-Use Industries for Starches

The most common industrial uses of starches are as emulsifiers, encapsulating agents, deforming agents, viscosifiers, and sizing agents. Owing to their capacity to impart textural features and aid in the creation of films or gels, starches have found widespread use in industrial applications. These starches have been chemically or physically altered to better serve a variety of industrial purposes. Native and modified starches are both employed commercially in a variety of manufacturing processes.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Increasingly Convergent Strategies Being Employed by Major Market Players

The manufacturers catering to the rising demand for waxy maize starch are engaging in strategic development activities such as product innovation, plant capacity expansion, and mergers and acquisitions to bolster their market position and increase the size of their customer base.

For example, in September 2021, AGRANA Beteiligungs-AG, one of the most prominent manufacturers of starches and other food ingredients, invested US$ 24.87 Mn in expanding its specialty starch manufacturing plant across Austria. Waxy maize starch and organic maize starch are examples of the specialty starches that are going to be processed at the plant in Austria.

Owing to the expansion of the plant's capacity, the company anticipates being able to satisfy the growing demand for specialty starches across Austria and other European markets. It is for this reason that continued strategic developments by market participants are anticipated to provide enormous opportunities for the waxy maize starch market during the period covered by the forecast.

Segmentation Insights

What are the factors propelling the demand for Waxy Maize Starch in the food industry?

Waxy maize starch is in high demand because of the health benefits it provides, which is in turn being driven by the rising popularity of healthful food options. Manufacturers of processed foods often use beneficial ingredients in their goods to satisfy the needs of picky eaters. Waxy maize corn starch is an excellent source of fibre and other vitamins and minerals that the body needs to function properly.

Waxy corn starch is used to enhance the flavour, texture, and flow ability of food goods, as well as to keep in the moisture and lengthen their shelf life. Consumers are on the lookout for foods that may be consumed in a single serving but have multiple advantages. Therefore, waxy maize starch is utilized as a functional ingredient in a wide variety of foods, including pasta, bakery items, bread, and many others. Waxy maize starch's rising popularity in the food industry is likely to fuel demand.

Which segment of the Waxy Maize Starch Market holds the most share in the growing demand of the product?

Conventional waxy maize starch's use in the food and beverage industry is on the rise. In 2022, the traditional sector of the waxy maize starch market had a value share of roughly 74.7%. Conventional waxy maize starch sales are expected to increase at a CAGR of 5.7% over the forecast period.

In response to rising customer interest in products with transparent ingredient lists, the food and beverage sector is undergoing fast change. Starch extracted from waxy maize is used as a thickening and binder in dishes like soups. It's a great fat replacement for dishes that are low in fat. Future market growth is attributed to this factor.

Who are the primary end-user targets for the consumption of Waxy Maize Starch Market?

There is a huge Surge in convenience-driven sales of waxy maize starch owing to rising demand from the working class.

Increases in the working-class populations of both developed and developing nations have contributed to a meteoric growth in the demand for ready-to-eat foods. The rapid hunger remedies created by food and beverage producers around the world have gained significant market share.

Convenience meals have many benefits, including shorter preparation and cooking times, lower energy costs, decreased waste and spoilage, greater product variety (particularly for novice cooks), and lower costs. The demand for waxy maize starch around the world is being fueled by several factors.

Country Insights

How is the U.S. Waxy Maize Starch Market Expected to Evolve?

Consumption of processed and instant or convenience food products keeps North America at the forefront of the waxy maize starch market. In terms of market size, the United States dominated the area. The expansion of the corn starch business in the United States and North America can be attributed to the availability of corn as a raw material and the relatively low cost of corn starch.

Demand for corn starch has been on the rise owing to increased population and rising disposable income among consumers in the region, both of which support higher rates of processed and convenience food consumption. The leading companies in the industry are developing new items specifically for the area.

One example is Tate & Lyle, a global distributor of food and beverage ingredients and solutions, which in 2020 introduced novel gelling starches made from Non-GMO dent corn. These corn starches, specifically THINGUM 107NG and MERIZET 100NG, aid in the improvement of jelly candies and the making of processed cheese. These items represent the company's initial foray into the U.S. market with non-GMO starches made from dent corn.

Insights into Asia Pacific’s Market Growth

By far, the fastest growth rate is expected to be seen in Asia Pacific's waxy maize starch market. Consumers' attention to health and nutrition issues has been rising. As a result of the region's large consumer market, low labour costs, and availability of suitable production infrastructure, waxy maize starch producers are spreading out across Asia and the Pacific.

Furthermore, China and India are two of the world's leading producers of textiles, which generates a potential demand for raw materials such as waxy maize starch and contributes to the growth of the demand for waxy maize starch. Since it can serve a variety of purposes, native and modified waxy maize starch undergoes substantial production in the countries of the Asia Pacific region.

In this part of the world, notably in China and India, the manufacturing of waxy maize starch can be broken down into organised and unstructured sub-sectors. In addition, China and India are two of the top textile-producing countries in the world, which may result in an increase in demand for raw materials such as waxy maize starch. It is projected that the expansion of the waxy maize starch market is likely to be fueled by these reasons across the Asia Pacific region.

Comparative View of Adjacent Waxy Maize Starch Industry

Waxy Maize Starch Market :

Attributes

Waxy Maize Starch Market

CAGR

(2022-2032)

5.8%

Market Value

(2032)

US$ 6.49 Bn

Growth Factor

Increasing investments made by major players in the starch production industry

Increasing requirements from the bioplastics industry

Opportunity

Rising demand from “clean-label” and non-toxic products

Restraints

Price swings of essential materials and shifting weather patterns

The ever-increasing prevalence of lifestyle disorders

Hydrocolloids Market :

Attributes

Hydrocolloids Market

CAGR

(2022-2032)

6.08%

Market Value

(2032)

US$ 19,780.00 Mn

Growth Factor

Demand from the food and beverage industry continuing to rise

Key players are placing a greater emphasis on expanding their production capacity of hydrocolloids.

Opportunity

Rising traction of natural hydrocolloids in the market

Restraints

Compliance with the many norms and standards governing quality on a worldwide level

Emergence of unfavourable conditions because of the pandemic

Gummy Supplements Market :

Attributes

Gummy Supplements Market

CAGR

(2022-2032)

4.88%

Market Value

(2032)

US$ 56,712.00 Mn

Growth Factor

Spending on preventative healthcare goods by consumers continuing to rise

Demand on the rise for dietary supplements that may be used on the move

Opportunity

Growth of consumer spending in preventive health care measures

Restraints

Concerns regarding regulations

Concerns regarding the ethics and safety of the ingredients that were used

Competitive Landscape

Due to the presence of numerous international and domestic suppliers, competition in the waxy maize starch market is fierce. Despite the existence of major international companies like Cargill Inc., Archer Daniels Midland Co., Ingredion Inc., Tate & Lyle PLC, and Associated British Foods PLC, the waxy maize starch market remains highly fragmented. The major players are pursuing consolidation and the optimization of their offerings by engaging in activities such as mergers and acquisitions and the development of new products. Some of the largest corporations are investing heavily in factory expansions so they can produce a wider variety of goods. As the demand for waxy maize starch continues to grow, this aids the companies in meeting consumer demands while also increasing their global footprint.

Recent Development :

Date

Company Name

Strategy

Details

2021

The United States Grains Council

Collaboration

In 2021, the United States Grains Council worked together with a corn starch manufacturing company in Egypt. This partnership was established with the goals of streamlining plant operations and increasing the profitability of the plant.

2021

AGRANA Beteiligungs-AG

Investment

During 2021-22, AGRANA Beteiligungs-AG invested a total of 27.36 Mn United States dollars in a variety of initiatives. The capacity of the company's speciality corn processing plant in Aschach, Austria, was expanded. Additionally, the investment enabled the company to modernise its spray drying towers and the drum drying plant in Gmünd, which are both located in Austria.

October 2020

Tate & Lyle

Acquisition

In October of 2020, Tate & Lyle completed the acquisition of Chaodee Modified Starch Co. Ltd., a manufacturer of modified waxy maize starch situated in Thailand. It is anticipated that the acquisition is likely to contribute to the company's efforts to increase its product portfolio of starch solutions and might also grow its position in the Asia Pacific region.

Key Segments

  • By Type :

    • Native
    • Modified
  • By Nature :

    • Organic
    • Conventional
  • By End Use :

    • Food Industry
      • Bakery & Confectionery
      • Soups, Sauces and Dressings
      • Dairy Products & Frozen Desserts
      • Infant Nutrition
      • Other Processed Foods
    • Foodservice
    • Non-Food Applications
  • By Region :

    • North America
    • Latin America
    • Europe
    • South Asia
    • East Asia
    • Oceania
    • Middle East & Africa

- Premium Report Details -

Waxy Maize Starch Market

- Let's Connect -

Talk To an Expert Today Connect

- Get Started -

Get insights that lead to new growth opportunities

Buy Now

Get A Special pricing for start-ups and universities

Enquiry Before Buying

- Humble, Yet Honored -

Our prestigious clients

- Research Methodology -

An Adaptive Approach to Modern-day Research Needs

Get Methodology

- FAQs -

The Waxy Maize Starch market size is currently anticipated to be over US$ 3.68 Bn.

The Waxy Maize Starch market is expected to surpass US$ 6.49 Bn by 2032.

The Waxy Maize Starch market is predicted to grow at CAGR of 5.8% through 2032.

North America Waxy Maize Starch market holds the highest revenue potential.

Exclusive Report

Need An Exclusive Report For Your Unique Requirement?

Google translate