According to a new report, published by KBV research, The Global Corn and Corn Starch Derivatives Market size is expected to reach $102.2 billion by 2028, rising at a market growth of 5.1% CAGR during the forecast period.
The Corn Starch segment is showcasing a CAGR of 6.1% during (2022 - 2028). This business is being assisted by its increasing usage in the food business. It is vastly utilized as a thickener in food products such as soups, sauces, and gravies. It is also used in baked food items to provide them with moisture and fullness and as a coating in deep-fried food to give them a crispy texture. It is not affected by the change in gluten-free items due to its gluten-free nature. The steady increase in the bakery businesses is leading to market expansion in this segment.
The Food & Beverage segment acquired maximum revenue share in the Global Corn and Corn Starch Derivatives Market by Application in 2021 achieving a market value of $67.1 billion by 2028. Corn and corn starch derivatives have evolved for a remarkable period, and their usage in the food & beverages business is increasingly obtaining significance. They are utilized in several food items due to their operational properties. Corn starch is widely used as a thickening-agents in number of food products. Wide application of corn starch in the food and beverage industry is boosting the segment’s growth.
The North America market dominated the Global Corn And Corn Starch Derivatives Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $35.1 billion by 2028. The Europe market is exhibiting a CAGR of 4.7% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 5.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/corn-and-corn-starch-derivatives-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Archer-Daniels-Midland Company, Ingredion Incorporated, Tate & Lyle PLC, AGRANA Beteiligungs-AG, Ashland, Inc., Wacker Chemie AG, Cargill, Incorporated, and Roquette Freres SA.
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