Is soup your favorite? If yes, you must know it can’t taste yum or have an excellent texture if you don’t add corn starch. Corn starch is a versatile ingredient commonly used in the food industry and households. It can condense foods like soups and pie fillings, as well as helps form a crispy crust when used as a layer for fried foods. As it enhances the taste of many foods, the corn and corn starch derivatives market is expanding.
What is Corn Starch?
Cornstarch is a fine powder emanating from the endosperm of corn kernels. The food industry uses it as a dairy alternative. It is also used to cover fried foods due to its crispy consistency. Also, it is commonly used to thicken soups, gravies, sauces, and stews.
The global corn and corn starch derivatives market was valued at USD 75.61 billion in 2022 and is expected to reach USD 122.11 billion at a CAGR of 4.98% during the forecast period.
Here’s the low-down on what it is, what’s the market demand, and who are the key players.
Top 5 Corn Producers
ADM
ADM is one of the world’s largest nutrition companies, headquartered in Chicago, Illinois. They are the master in both human and animal nutrition. ADM opens the power of nature and converts crops into ingredients and solutions for foods, supplements, and beverages for individuals worldwide.
At ADM, the experts work with you to uncover a perfectly formulated solution tailored to your specific food and beverage needs.
Cargill
Cargill has provided food, industrial, agriculture, and financial products and services to the world for 155 years. They unite farmers with markets, buyers with ingredients, and people and animals with the food they need to thrive.
Moreover, side-by-side, Cargill is creating a stronger, sustainable future for agriculture.
Ingredion
Ingredion is a 100 years old organization delivering innovative ingredient solutions globally. They produce starches, sweeteners, nutrition ingredients, and biomaterials used by consumers in day-to-day products, from foods and beverages to paper and medicines.
Furthermore, their creative ingredient solutions allow people to stay on trend with simple ingredients and gluten-free or high-fiber foods that attract today’s consumers.
Agrana Group
Argana is an Austrian sugar and starch industry founded in 1988. Their three major business segments are Fruit, Starch, and Sugar. Adding significance to top-quality agricultural products is their specialty. Trendy and environmentally-sensitive processing procedures and products are carefully tailored to customers’ demands.
Associated British Foods PLC
Associated British Foods PLC, founded in 1935, is a market leader in the group of food and clothing businesses. Their primary purpose is to offer safe, nutritional, and reasonable food that is great value for money. The five diverse segments of ABF are:
- Grocery
- Sugar
- Agriculture
- Ingredients
- Retail
Which Region is Leading the Corn and Corn Starch Derivatives Market
North America is leading the global revenue. The main aspect driving the market is transforming lifestyles, which have craved processed and packaged goods as alternatives to traditional handmade food items. Moreover, the growth of the corn starch industry in those regions is being driven by the United States’ large supplies of corn as a raw material and corn starch’s low cost.
Overall
Cornstarch is a thickening agent usually used to enhance the texture of various foods such as soups, sauces, desserts, etc. Above mentioned are some of the top picks in the corn and corn starch market.