Global Waxy maize starch Market Size is expected to reach a value of US$ 7.93 Billion by 2028, at a CAGR of 8.70% over the forecast period (2022 - 2028)
According to the latest research by SkyQuest Technology, the Global Waxy maize starch market was valued at US$ 3.21 Billion in 2021, and it is expected to reach US$ 7.93 Billion by 2028, with a CAGR of 8.70% during the forecast period of 2022 - 2028. The research provides up-to-date Waxy maize starch market analysis of the current market landscape, latest trends, drivers, and overall market environment .
Waxy maize starch is used as a thickening factor in soups & gravies, pie fillings, stews & casseroles, and sauces. The rapidly urbanizing populations of Asia and Latin America will drive up the demand for processed and packaged foods. This is expected to boost the waxy corn starch business. Waxy maize starch's foaming and gelling qualities make it a crucial addition to many industries. Starches are employed as emulsifiers, encapsulating, deforming, and sizing agents. Starches are popular in the industry because they add texture and help produce films or gels. Physically or chemically modifying starches improves their performance and industrial applications. Industrial applications use native and modified starches .
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Waxy corn starch is connected with many health benefits, which is boosting demand for it in the market. Food manufacturers use functional additives to satisfy customers. Waxy maize corn starch has various functional benefits including important fibers and nutrients. It improves taste, texture, flow, and shelf life by retaining moisture. Consumers want small-portion, healthy foods. Waxy maize starch is used in pasta, bread, and other foods. Thus, waxy maize starch consumption in food applications will boost the market during the analysis period .
A considerable increase in the working-class population in both developed and developing economies has contributed to a growth in the demand for foods that are more convenient to prepare. Manufacturers of foods and beverages all over the world have come up with immediate remedies to hunger, and these solutions have gained a lot of popularity. Foods that are convenient to prepare provide a number of benefits, including a reduction in the amount of time required for cooking, savings on the cost of both energy and money spent on cooking, the elimination of the need to store or purchase ingredients, a wider variety of product options and a decreased risk of food going bad or being wasted. These are just a few of the variables that are predicted to play a role in propelling demand for waxy maize starch around the globe .
As a result of the domain's technological nascence, no company currently wields significant influence, and the race to dominance has already begun, with companies investing in multiple projects, and acquiring a few on their way to the finish line in the domain. The top players in this market include AGRANA Group (Austria), Cargill Inc. (US), Daesang Corp (South Korea), Ingredion Inc. (US), Interstarch (Ukraine), Associated British Foods PLC. (UK), Manildra Group (US), New Zealand Starch Limited (New Zealand), Roquette Frères (France), Samyang Corporation (South Korea), Sanwa Starch Co. Ltd. (Japan), Sinofi Ingredients (China), Tate & Lyle Plc (UK), Tokai Denpun Co. Ltd. (Japan).
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Waxy maize starch Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions .
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Report Findings
● Drivers- Increasing population and industrialization stimulate demand for starch. The increasing population will fuel demand for waxy maize starch, a raw material for many industries .
● Restraint- The utilization of starches produced from other sources, such as potato starch, tapioca starch, rice starch, and other starches, would diminish the need for this particular product, which may either constrain or slow down the expansion of the waxy maize starch market .
What does this Report Deliver ?
● Market Estimation for 20+ Countries
● Waxy maize starch Market demand by Region, Sub-Region, and Country
● Customization on Segments, Regions, and Company Profiles
● 100+ tables, 150+ Figures
● Global, Regional, and Country specific Waxy maize starch Market Trends
● Comprehensive Mapping of Waxy maize starch Industry Parameters
● Attractive Investment Proposition in the Global Waxy maize starch Industry
● Competitive Strategies Adopted by Waxy maize starch Market Key Players
● Drivers, Restraints, Opportunities, Challenges, and the impact on the Waxy maize starch Market Size
● Market growth rate till 2028
● Regulatory scenario, regional dynamics, and Waxy maize starch market insights of leading countries in each region
● In-depth Market insights by Region and Country
● Market Segmentation Trend Analysis, Opportunities, and Growth
● Porter’s five force analysis to know the market’s condition
● Pricing Analysis and Waxy maize starch Market Sales
● Parent market analysis
● Product portfolio benchmarking
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SkyQuest has segmented the Global Waxy maize starch Market based on Type, Application, and Region:
● Global Waxy maize starch Market by Type (Revenue, USD Billion, 2021 - 2028)
o Native Starch
o Modified Starch
o Sweeteners
● Global Waxy maize starch Market by Application (Revenue, USD Billion, 2021 - 2028)
o Foods and Beverages
o Animal Feed
o Pharmaceuticals
o Textile
o Paper and Corrugated
o Other Applications
● Global Waxy maize starch Market By Region (Revenue, USD Billion, 2021 - 2028)
o North America
▪ US
▪ Canada
§ Europe
▪ Germany
▪ France
▪ UK
▪ Italy
▪ Spain
▪ Rest of Europe
o Asia Pacific
▪ China
▪ India
▪ Japan
▪ Rest of Asia Pacific
o Central & South America
▪ Brazil
▪ Rest of CSA
o Middle East & Africa
▪ GCC Countries
▪ South Africa
▪ Rest of MEA
Key Players in the Global Waxy maize starch Market
● AGRANA Group (Austria)
● Cargill Inc. (US)
● Daesang Corp (South Korea)
● Ingredion Inc. (US)
● Interstarch (Ukraine)
● Associated British Foods PLC. (UK)
● Manildra Group (US)
● New Zealand Starch Limited (New Zealand)
● Roquette Frères (France)
● Samyang Corporation (South Korea)
● Sanwa Starch Co. Ltd. (Japan)
● Sinofi Ingredients (China)
● Tate & Lyle Plc (UK)
● Tokai Denpun Co. Ltd. (Japan)
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