The corn starch market is categorized on the basis of product into native starch, modified starch and sweeteners. Among all the segments, sweetener is anticipated to be one of the leading segments in the corn starch market, owing to rising awareness regarding the use of sweeteners in various regions. The sweeteners derived from corn starch are usually cost-efficient.
Use of other source derived starches such as rice starch, potato starch, and tapioca starch among other starches is likely to interfere with growth of the corn starch market during the forecast period. In addition, rising prices of raw material is increasing price of the product subsequently. This, in turn, is hindering the adoption rate of the corn starch in various end-user industry.
Request PDF Brochure :https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=328
Nevertheless, growing trend of substituting petroleum with ethanol is anticipated to be one of the key driving factors for the corn starch market during the forecast period. As per market analyst, the global corn starch market is likely to witness exponential growth in coming years. The growth rate is attributed to growing usage of corn starch in food and beverages industry, processed food, detergent industry, and paper and board industry among others.
REQUEST FOR COVID19 IMPACT ANALYSIS : https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=328
The increasing consumption of convenience and ready to eat foods and a solid year on year growth in textile and paper industry are projected to create a highly fertile landscape for the development of the global sales of corn starch, particularly in the regional segment of Asia Pacific. These projections are according to the research report published by Transparency Market Research about the global corn starch market. Customers of corn starch are now trying to seek different alternatives to cane sugar that are less expensive and yet easily fit into several applications. This has helped in creating a huge demand for corn starch.
Explore Transparency Market Research’s award-winning coverage of the global (chemical) Industry:
https://www.prnewswire.com/news-releases/ethylene-propylene-diene-monomer-epdm-market-to-reach-us-6-2-bn-by-2027-shift-towards-bio-based-materials-to-drive-market-growth-tmr-301001833.html
According to the research report by Transparency Market Research, the global corn starch market is expected to exhibit a CAGR of 4.8% over the course of the given period of forecast ranging from 2016 to 2024. Initially, in 2016, the global market was valued at US$22.1 Mn. Naturally, with the given rate of growth, the valuation of the global market is expected to be even more stellar in the coming years of the forecast period.
Buy Now : https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=328
The research report by Transparency Market Research classifies the global corn starch market based on type of product, base, and region. Based on product, the market is segmented into sweeteners, modified starch, and native starch. Among these, the segment of sweeteners is currently dominating the global corn starch market. The segment accounts for more than 50% of the overall share of the global market. However, a promising growth is projected for the segment of modified starch. The segment is expected to showcase a healthy CAGR of 5.4% during the course of the given period of forecast. The increasing usage of high fructose corn syrup (HFCS) in wide range of food and beverage products is expected to keep the demand for corn starch high in these upcoming years.
About AS :
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
0 Comments