The North America corn starch market is expected to exhibit a growth rate (CAGR) of 2.52% during 2024-2032.
Report Attribute
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Key Statistics
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---|---|
Base Year
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2023 |
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 2.52% |
Corn starch is a type of food ingredient extracted from the endosperm of a corn kernel. It acts as a source of energy and helps in preventing low blood sugar in human health conditions such as nocturnal hypoglycemia. For the food-based applications, corn starch is used as a thickening agent for sauces, gravies, glazes and desserts. It also has some non-food applications as it is used in the production of paper and glue.
North America represents one of the leading markets for corn starch in the world pertaining to its usage for distinctive culinary, household and industrial purposes in the region. Increasing consumption of ready-to-eat food mix and instant food items has spur the demand of corn starch. It is also employed in the production of corn syrup and bioplastics. Rising utilization of corn starch in the pharmaceuticals and chemicals, textiles, paper and corrugates, and animal feed industries will continue to fuel the demand in forthcoming years.
IMARC Group provides an analysis of the key trends in each segment of the North America corn starch market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on type and application.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | Million Tons |
Segment Coverage | Type, Application, Country |
Countries Covered | United States, Canada, Mexico |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the North America corn starch market to exhibit a CAGR of 2.52% during 2024-2032.
The rising application of corn starch in both food and non-food sectors, including pharmaceutical, adhesives, textile, etc., as a thickening and binding agent, is primarily catalyzing the North America corn starch market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of corn starch.
Based on the type, the North America corn starch market can be segmented into native starch, modified starch, and sweeteners. Currently, sweeteners hold the majority of the total market share.
Based on the application, the North America corn starch market has been divided into food and beverages, animal feed, pharmaceuticals and chemicals, textiles, paper and corrugates, and others. Among these, the food and beverages sector currently exhibit a clear dominance in the market.
On a regional level, the market has been classified into United States, Canada, and Mexico, where the United States currently dominates the North American market.