PUBLISHER: SkyQuest | PRODUCT CODE: 1250070
PUBLISHER: SkyQuest | PRODUCT CODE: 1250070
Global Waxy Maize Starch Market was valued at USD 3.21 Billion in 2021, and it is expected to reach a value of USD 7.93 Billion by 2028, at a CAGR of 8.7% over the forecast period (2022-2028).
There are many end-use industries where waxy maize starch is used, including the pharmaceutical, textile, and food industries. One of the many uses of starches as a food additive is to thicken sauces, shape gums, control viscosity, and bind ingredients in baked goods.
Its capacity to boost resistivity, mechanical strength, and resist moisture penetration is projected to result in an increase in demand. For fabrics that require coloured inks, it is also useful as a stabiliser and filler. Waxy maize starch is required by the detergent production sector due to its non-toxic, skin-friendly, and biodegradable qualities.
Since they control the largest share of the waxy maize starch market globally, market participants can benefit from the food production business. Players will have growth prospects if they invest in expanding their product offering and serving other sectors.
Top-down and bottom-up approaches were used to estimate and validate the size of Asia Pacific Waxy Maize Starch Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
The Global Waxy maize starch Market is segmented on the basis of type, end use, nature, and region. Based on type, the market is segmented into Native Starch, Modified Starch, and Sweeteners. Based on end user, the market is segmented into Foods and Beverages, Animal Feed, Pharmaceuticals, Textile, Paper and Corrugated, and Others. Based on Nature, the market is segmented to organic and conventional. Based on region, the global Waxy maize starch market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Driver
The need for starch is mostly driven by rising population and industrialisation, particularly in the food and beverage, textile, paper and printing, pharmaceutical, and other health and beauty products, as well as adhesives industries. The growing population will increase demand for a variety of goods, which will increase demand for waxy maize starch, a raw ingredient required to make a variety of goods.
Restraint
The usage of starches from other sources, such as potato starch, tapioca starch, rice starch, and other starches, is expected to lower the demand for this specific product and could impede or restrict the expansion of the waxy maize starch market.
Market Trends
Products and components with clean labels are having an impact on global food and beverage enterprises. Clean label starches are increasingly in demand as a result of growing consumer health consciousness and a desire for natural, pure, high-quality products.
The need for modified starch, which is used in these meals, is rising as the world economy strengthens and more people eat processed and convenience foods, driving the growth of the corn starch business. To satisfy consumer demand for fundamental ingredients, businesses are introducing clean-label corn starch products.
Produced in Europe from waxy maize, organic fast native starch. Applications in the food business include bread fillings, savoury fillings, ready meals, and sauces. This debut was made under the company's clean and simple ingredient category.