The North America Corn And Corn Starch Derivatives Market would witness market growth of 4.6% CAGR during the forecast period (2022-2028).
Corn grain has three parts, that includes the bran, germ, and endosperm. The bran is the hard-exterior shell, which has high fiber content. The germ is the lower part of the grain, which is rich in fats and could grow into a new plant. Practically most of the starch of corn is inside the endosperm, which constitutes the interior coating of the grain.
Farmers first split corn grains bran, germ, and endosperm to create corn starch. After that, the starch from the endosperm of the grains is derived through wet milling. Lastly, the corn starch is dried & packed. Corn starch has various commercial uses along with being utilized as a common food additive. It could be used in baby powder, batteries, matches, cosmetics and bioplastics.
The United States apparel & textile shipments amounted to USD 65.2 billion in 2021. The industry of U.S. is the second leading exporter of clothing-related goods in the world. Apparel, textile, and fiber exports together were USD 28.4 billion in 2021. The U.S. is dominating the R&D throughout the world, with the United States textile complex advancing next-generation textile resources. Food, agriculture, and various related businesses have contributed nearly USD 1.055 trillion and retained a 5% share of the United States GDP (gross domestic product) in 2020. Segments linked to agriculture include stores & manufacturers, food & beverage, eating & drinking places, food service, apparel, textiles & leather, and forestry & fishing products. The increasing food & beverages business and the agricultural sector would further boost the usage and production of corn and corn starch derivatives market.
The US market dominated the North America Corn And Corn Starch Derivatives Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $25,315 million by 2028. The Canada market is poised to grow at a CAGR of 6.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6% during (2022 - 2028).
Based on Product, the market is segmented into Corn Starch Derivatives (Corn Syrup, Modified Starch, Maltodextrin, Corn Ethanol, and Others), Corn Oil, Corn Starch, Corn Meal/Flakes/Grits, Corn Flour, and Others. Based on Application, the market is segmented into Food & Beverage, Textiles, Pharmaceutical, Paper & Board, Animal Feed, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Corn And Corn Starch Derivatives Market is Predict to reach $102.2 Billion by 2028, at a CAGR of 5.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer-Daniels-Midland Company, Ingredion Incorporated, Tate & Lyle PLC, AGRANA Beteiligungs-AG, Ashland, Inc., Wacker Chemie AG, Cargill, Incorporated, and Roquette Freres SA.
By Product
By Application
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
