Middle East And Africa Corn Starch Market

Middle East and Africa Corn Starch Market Growth and Forecast (2023 - 2028):

Middle East and Africa Corn Starch Market was worth USD 1.47 billion in 2022 and estimated to be growing at a CAGR of 3.5%, to reach USD 1.74 billion by 2028.

Market Overview:

Starch is a naturally occurring substance found in various plant parts like seeds and roots.  It can be derived from potato, rice, wheat and cassava. Corn is currently the most commonly used accounting for around 80% of the total global starch production. Corn starch is obtained from the endosperm of the corn kernel.

It is used for many culinary, household, and industrial purposes. In the kitchen, corn starch is regularly used as a thickening agent for sauces, gravies, glazes, casseroles, pies, soups, and other desserts. It is also used in making corn syrup and bio plastics. Corn starch is gluten free product and only includes carbohydrates.

Drivers and Restraints:

With people consuming more and more of ready to eat food items, the demand for corn starch has risen over the years. An increased yield of genetically modified corn has resulted in a high output of maize. As a result, there is an assured supply of corn starch made available to food industries. 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.

Middle East and Africa Corn Starch Market Segmentation Analysis:

Middle East and African 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.

Region Analysis:

Geographically the Middle East and Africa Corn Starch Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA. United Arab Emirates contributes significantly to the market due to the rising population and increased urbanization.

Key Players in the Market:

Major Key Players in the MEA Corn Starch Market are

• Cargill Incorporated
• Grain Processing Corporation
• Croda international
• Akzo Nobel NV
• Bayer AG
• Ajinomoto Company Incorporated
• Henkel KGaA
• Associated British Foods plc
• Calpis Company
• Archer-Daniels-Midland Company
• DuPont (EI) de Nemours
• BASF
• Minnesota Corn Processors LLC
• Monsanto Company
• Cognis Corporation
• Cerestar USA Incorporated
• Novo Nordisk A/S