The Asia Pacific Corn Starch Market would witness market growth of 8.1% CAGR during the forecast period (2020-2026). This industry is mainly driven by its increasing application in the non-food sectors including the textile and paper industries. The surge in the consumption of paper in developing countries like China, and Japan, is further driving the industry forward. It is also extensively used in the manufacturing of latex materials such as gloves and diaphragms. The increasing demand for the product in the biofuels sectors is predictable to boost the market growth in the foreseeable period. Rising population and swift urbanization are also provided an impulse to the industry growth across the globe.
Significant players in the global corn starch market are nowadays proposing corn-starch-based products that are used as a raw material in the bioplastic sector, and in 3D printing, and it is expected to generate cost-effective opportunity for market players who are operating in the global corn starch market in the coming years.
Food and Beverage application is expected to grow at a significant CAGR during the foreseeable year. The increasing uses of corn starch as a thickening agent and as an artificial sweetener used in gluten-free food have caused a good growth of the corn starch market. The extensive application of corn starch in a range of industries can drive the growth of the corn starch market 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Corn Starch Market in Asia Pacific is expected to register a CAGR of 8.1% 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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