Latin America Corn Starch Market was worth USD 2.43 billion in 2021 and estimated to be growing at a CAGR of 5.1%, to reach USD 3.11 billion by 2026.
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.
Geographically the Latin America Corn Starch Market is segmented into Brazil, Mexico, Argentina, Chile and 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.
Key Players in the Market:
Major Key Players in the Latin America Corn Starch Market are
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Native Starch
5.1.3 Modified starch
5.1.4 Sweeteners
5.1.5 Y-o-Y Growth Analysis, By Product
5.1.6 Market Attractiveness Analysis, By Product
5.1.7 Market Share Analysis, By Product
5.2 Application
5.2.1 Introduction
5.2.2 Food and beverages
5.2.3 Animal Feed
5.2.4 Pharmaceuticals and chemicals
5.2.5 Textile
5.2.6 Paper and corrugates
5.2.7 Others
5.2.8 Y-o-Y Growth Analysis, By Application
5.2.9 Market Attractiveness Analysis, By Application
5.2.10 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Application
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Cargill Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Grain Processing Corporation
8.3 Bayer AG
8.4 Associated British Foods plc
8.5 Minnesota Corn Processors LLC.
8.6 Cognis Corporation
8.7 Calpis Company
8.8 BASF
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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