Waxy Maize Starch Market to Reach Us$ 5.5 Billion
Waxy Maize Starch Market: Synopsys
Reports and Insights deliver vital insights into the global Waxy Maize Starch Market. In terms of revenue, the total value of the global waxy maize starch market is slated to reach US$ 5.5 Bn by 2030, owing to numerous factors, regarding which Reports and Insights offer thorough insights and forecasts in its report on the global waxy maize starch market.
Market Report Stance:
The objective of this report on the waxy maize starch market is to discuss market dynamics, including market drivers, market restraints, waxy maize starch market opportunities for the major players, waxy maize starch market trends, market segmentation outlook, regional outlook, waxy maize starch market size, market forecast, market share, as well as the major players operating in the waxy maize starch market.
Waxy maize starch, commonly known by its alternate name waxy corn starch, serves as feed, food, and a raw material for industrial use. Waxy corn starch consists of only amylopectin molecules, giving this starch unique and beneficial properties. Waxy corn starch, owing to its several valuable properties, has become a versatile ingredient that serves its uses across various industries in numerous applications. Such a wide range of applications is projected to promote the growth of the global waxy maize starch market in the forecast period.
Waxy Maize Starch Market: Dynamics
Starches function as emulsifying agents, viscosifiers, sizing, and deforming agents in various industrial applications. It is significant to note that the thickening property and the ability to offer textural qualities, the waxy maize starch has gained immense popularity across various industrial applications. Owing to such attributes, the global waxy maize starch market is projected to rise substantially over the next few years.
Primarily, the consumption of corn starch in the food industry is majorly boosting the waxy maize starch market growth. As a thickening agent, corn starch is attaining numerous applications in sauces, gravies, and soups, considering its water absorption capacity. Moreover, the waxy maize starch has the capability to improve the taste and texture of various processed and convenience foods including bakery products & confectionery which further drives its demand across the market. Moreover, attributing to its ability to restore glycogen content in the muscles in no time, the waxy maize starch is gaining massive traction among athletes, bodybuilders, and fitness enthusiasts. Said factors are further anticipated to accelerate the growth of the global waxy maize starch market over the future years.
Waxy Maize Starch Market: Regional Outlook
North America:
North America dominates the global market for waxy maize starch. The significant growth of the market in the particular region is due to an increase in the demand for various kinds of processed and packaged foods owing to the busy lifestyle of people in the region. In addition to that, consumers are becoming more aware of the functional properties of ingredients used in their food items, which is further projected to drive market growth in the region.
Europe:
One of the significant factors that is primarily driving the Europe waxy maize starch market is the rising demand for nutritional supplements and the growing health awareness among people. In addition, the busy lifestyle of people is also propelling the demand for processed foods across the market. Owing to this, the Europe waxy maize starch market is projected to rise substantially over the years.
Asia Pacific:
The rapidly strengthening infrastructure facilities and lowered labor costs are some of the major factors owing to which Asia Pacific is estimated to grow at a swift pace in the global waxy maize starch market in the near future. Moreover, India and China are also projected to prompt the demand for waxy maize starch as a raw material across the market as these two countries are two of the world’s leading producers of textiles.
Waxy Maize Starch Market Key Players:
There are several key players operating in the waxy maize starch Market, some key players are given below:
Cargill, Incorporated
Tate & Lyle PLC
AGRANA Beteiligungs-AG
Manildra Group
Roquette Frères
Sinofi Ingredients
Tokai Denpun Co., Ltd.
Sanwa Starch Co., Ltd.
New Zealand Starch Limited
SAMYANG CORPORATION
Waxy Maize Starch Market: Segmentation Outlook
These segments provide a deeper understanding of the waxy maize starch market and allow for more targeted and adequate market analysis and decision-making. The following factors can be used to divide the market for waxy maize starch market:
The waxy maize starch market is segmented based on type, nature, end-use industry, and region.
Waxy Maize Starch Market: By Type
Based on the type, the global waxy maize starch market is segmented into native and modified.
Waxy Maize Starch Market: By Nature
Based on the nature, the global waxy maize starch market is segmented into organic and conventional.
Waxy Maize Starch Market: By End Use Industry
Based on the end user, the global waxy maize starch market is segmented into food & beverages (bakery & confectionery, dairy products & frozen desserts, sauces, soups and dressings, infant nutrition, and other food products), textile, detergent manufacturing, and personal care & beauty.
Waxy Maize Starch Market: By Region
Based on the region the global waxy maize starch market is segmented into North America, Asia-Pacific, Europe, Latin America, the Middle East, and Africa.
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