The Latin America, Middle East and Africa Corn Starch Market would witness market growth of 7.9% CAGR during the forecast period (2020-2026). Starch is an example of natural polymer made by plants in plenty and corn starch is one of its types. Seemingly, corn starch is a derivative form of maize and it is a common constituent of food that is often used to thicken soups or in making corn sugars & corn soups. In addition, corn starch is malleable, can be easily altered, and finds skid of applications in paper items, adhesives, and textile production. Furthermore, it is also used as an anti-sticking agent as well as it is used in the Animal Feed sector.
Mechanical properties and water solubility of the product will boost the market trends. Apart from mechanical properties, an increase in the usage of the product in paper & board, food & beverages, processed food, and detergents will boom the growth of the market over the projected timespan. Also, corn starch is also used in treating the ailment.
Moreover, food producers lessen the cost of manufacturing through the addition of a variable quantity of corn starch in food products and this will further drive the market in the coming years. Increasing the use of ethanol as a biofuel feedstock will further accelerate the industry growth over the coming years. Moreover, widespread product diffusion in the paper & textile sectors and its usage as a stabilizer will boost market trends. Though unfavourable climate conditions can hinder the production of corn starch as well as it will also obstruct the supply chain of the product which in turn affecting its costs, and this can hamper the market growth.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Corn Starch Market in LAMEA is expected to register a CAGR of 7.9% 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:
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Companies Profiled
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