Corn Native Starches Market Analysis and Latest Trends
Corn native starches are starches derived from corn and are widely used in various industries such as food, pharmaceuticals, textiles, and paper. They are known for their thickening, binding, and gelling properties, making them essential ingredients in many products.
The global Corn Native Starches Market is expected to witness significant growth in the coming years. The increasing demand for convenience foods and the growing awareness about the benefits of corn native starches are driving market growth. Additionally, the expanding food and beverage industry, along with the rise in disposable income, is further boosting the market.
One of the key trends in the Corn Native Starches Market is the increasing use of these starches in gluten-free products. As more consumers are opting for gluten-free diets, manufacturers are incorporating corn native starches as a substitute for wheat flour in various products.
Overall, the Corn Native Starches Market is expected to grow at a CAGR of 13.6% during the forecast period, showcasing the increasing demand and opportunities for manufacturers in this sector.
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Corn Native Starches Major Market Players
Several key players in the corn native starches market include ADM, Cargill, Roquette, Ingredion, Tate & Lyle, Zhucheng Xingmao, Changchun Dacheng, Xiwang Group, Luzhou Group, and Xi'an Guowei. These companies compete in the market by offering a range of corn starch products for various applications such as food and beverages, pharmaceuticals, and industrial uses.
ADM (Archer Daniels Midland Company) is a major player in the corn native starches market, offering a wide range of starch products for different industries. The company has been experiencing steady market growth due to its strong distribution network and focus on innovation. ADM's future growth prospects in the corn native starches market look promising as it continues to invest in research and development to develop new starch products.
Cargill is another key player in the corn native starches market, known for its high-quality starch products. The company has a significant market share and is actively involved in expanding its product offerings to cater to the growing demand for corn starches in various industries. Cargill's market growth is driven by its commitment to sustainability and product innovation.
In terms of sales revenue, ADM reported a total revenue of $64.36 billion in 2020, while Cargill reported revenues of $114.7 billion in the same year. These figures highlight the significant market presence and financial strength of these companies in the corn native starches market.
Overall, the corn native starches market is highly competitive, with key players like ADM and Cargill leading the way in terms of market share and innovation. As the demand for corn starch products continues to grow, these companies are expected to experience further market growth and expansion in the future.
What Are The Key Opportunities For Corn Native Starches Manufacturers?
The Corn Native Starches market is experiencing significant growth due to the increasing demand for clean label and natural ingredients in the food and beverage industry. The market is expected to continue growing at a steady pace due to its wide range of applications in various industries such as food, pharmaceuticals, and textiles. The market is also driven by the rising awareness of the health benefits of corn native starches and the growing trend towards gluten-free and non-GMO products. With the increasing focus on sustainability and renewable resources, the future outlook for the Corn Native Starches market appears promising.
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Market Segmentation
The Corn Native Starches Market Analysis by types is segmented into:
Corn native starches are classified into two main types based on their applications: food grade and industrial grade. Food grade starches are primarily used in food products for their thickening, binding, and stabilizing properties. They are commonly found in products like soups, sauces, and bakery items. Industrial grade starches, on the other hand, are used in non-food applications such as in the production of paper, textiles, and adhesives. These starches have different levels of purity and processing methods to suit their specific end use.