The significant gradual growth in the paper and textile enterprises and the rising utilization of comfort food are creating an exceedingly fruitful grounds for the development in corn starch sales over the globe, especially in the region of Asia Pacific. Customers of corn starch are searching for choices to unadulterated sweetener that even after being less expensive fit flawlessly into different applications. This has been converting into increased demand for corn starch.
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The key market players that are working in the starch market are concentrating on item advancement and are including in different mergers and acquisitions to grow their global presence. Some of the major players leading the market are Global Bio-chem Technology Group Company Limited, AGRANA РBeteiligungs AG, Cargill Incorporated, Tereos Syral S.A.S, Roquette Fr̬res S.A., Kent Corporation РGrain Processing Corporation, Ingredion Incorporated, Associated British Foods plc, Archer Daniels Midland Company, and Tate and Lyle PLC.
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Corn starch market is prognosticated to expand at a decent CAGR of 4.8% within the forecast period from 2016 to 2024. In 2016, the market for corn starch was valued around a worth of US$ 22.1 bn. On the basis of product type, the market is divided into native starch, modified starch, and sweeteners. Among these, the segment of sweeteners as of now leads with a share over 50% in the global corn starch market.
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Key Takeaways:
- Surging demand of the positive qualities in packaging and other food sector parts is propelling growth in corn starch market.
- Demand for products has risen with its use in the production of biofuels.
The global corn starch market has been segmented as follows:
Global corn starch market on the basis of product type
- Food & Beverages
- Animal Feed
- Pharmaceuticals & Chemicals
- Textile
- Paper and Corrugated
- Others
Global corn starch market on the basis of product type
- Native Starch
- Modified Starch
- Sweeteners
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