(Food-Beverage-News.Com, April 04, 2018 ) Latin America Corn Starch Market was worth USD 2.21 billion in 2016 and estimated to be growing at a CAGR of 5.1%, to reach USD 2.83 billion by 2021. Starch is one of the most abundant carbohydrates occurring in nature. After cellulose, starch is the most abundant carbohydrate in nature. It is present in the seeds, roots of various plants and stores energy for later purposes. Starch can be derived from various naturally occurring products like- corn, rice, potato and wheat. Corn is the most common source from which starch is extracted.
It has many household, industrial and culinary applications. During cooking, it can be used as a thickening agent and is used to make various curries, desserts and sauces. It is also used in making corn syrup and bio plastics. Corn starch is gluten free product and only includes carbohydrates.
The significant demand for convenience and ready to eat food items has been largely responsible for the considerable growth of this market. Corn starch is also used in the treatment of glycogen storage disease in humans. Food producers reduce production cost by adding varying amount of corn starch in food. This process is expected to drive the market over the forecast period. Growing replacement trend of petroleum with ethanol is expected to be the major driving factor over the foreseeable period. Corn starch is a major raw material for ethanol production. With increasing urbanization many companies have come up, leading to a rise in the demand of paper consequently boosting the starch market. Tapioca and Cassava are some of the corn substitutes which are being used nowadays, restricting the growth of the corn starch market in the years to come. There has been an increase in the use of cassava in the past few years.
Latin American market for Corn Starch is broadly categorized by product- Native starch, Modified starch and Sweeteners. Based on Application, the market is further segmented into Food and Beverages, Animal feed, Pharmaceuticals and chemicals, Textile, Paper and Corrugates and Others. By product, sweeteners segment accounts for about 50% of the total revenue share and is likely to lead over the forecast period. The modified starch segment is expected to grow at a significant rate in the next few years. By application, food and beverages is the major segment of this market. On the basis of geography, the global market is analysed under various regions namely Brazil, Argentina and the rest of Latin America. Rising population and increase in disposable income among consumers in Brazil is expected to have positive impact on the regional Latin America corn starch market. Brazil is also the third largest producer of corn in the world. Growing food industry and easy availability of feedstock is expected to drive the corn starch market in Brazil.
Major corn starch market participants include Cargill Incorporated, Grain Processing Corporation, Croda international, Akzo Nobel NV, Bayer AG, Ajinomoto Company Incorporated, Henkel KGaA, , Calpis Company, Archer-Daniels-Midland Company, DuPont (EI) de Nemours, and BASF.
The scope of the report provides: The evaluation of the current market for your product or services and the future implications of the market Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porters Five Forces The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.
About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
