Waxy Maize Starch Market Revenue to Cross US$ 6.49 Bn, Globally, by 2032 to Grow at a CAGR of 5.8% | Exclusive Report by Transparency Market Research
Rise in adoption of conventional waxy maize in the food industry is projected to offer significant opportunities to companies in the market. Increase in utilization of waxy maize starch as an additive in food & beverage, textiles, and pharmaceutical industries is anticipated to propel the market.
Wilmington, Delaware, United States, July 20, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global waxy maize starch market was valued at US$ 3.68 Bn in 2022. It is expected to grow at a CAGR of 5.8% during the forecast period & it is anticipated to reach US$ 6.49 Bn by the end of 2032.
All waxy starches, including derived from maize, consisting of a large percentage of amylopectin with no or little amylose arewidely usedas a base for modified starches. Surge in popularity of modified starches in the manufacture of processed food is expected to create significant business opportunities in the market. Starch manufacturers are focusing on increasing the functional and health benefits of waxy maize starches by employing advanced physical, chemical, and enzymatic treatments for their processing.
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Market Snapshot:
| Report Coverage | Details | |
| Market Revenue | US$ 3.68 Bn | |
| Estimated Value | US$ 6.49 Bn | |
| Growth Rate – CAGR | 5.8% | |
| Forecast Period | 2022–2032 | |
| No. of Pages | 328 Pages | |
| Market Segmentation | Type, Nature, End Use | |
| Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America | |
| Companies Covered | AGRANA Beteiligungs-AG, Cargill, Incorporated, Daesang Corp, Ingredion, Manildra Group, Roquette Frères, Samyang Corporation, Sanwa Starch Co., Ltd., and Tate & Lyle | |
Competition Landscape
A few large-scale players account for majority stake in the global waxy maize starch market. Leading players are focusing on acquisition strategy to increase market share. Most prominent companies operating in the market are investing significantly in R&D activities in order to extend their product lines.
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