Waxy Maize Starch Market: Current Analysis and Forecast (2022-2030)

Report Description

The Waxy Maize Starch Market was valued at USD 3 billion in 2021 and is expected to grow at a CAGR of 6% from 2022-2030. Waxy maize starch is a carbohydrate made from maize. Its primary constituent is amylopectin, a highly branched and complicated carbohydrate molecule. Waxy maize starch, unlike other types of maize starch, contains a high level of amylopectin and a low level of amylose, making it less prone to gelatinization and less likely to form lumps or clumps in food preparations. Waxy maize starch is perfect for use as a thickening ingredient in meals and beverages, as well as in various industrial applications such as the manufacture of adhesives, coatings, and paper goods. It is also utilized in sports nutrition supplements as an energy source.  The growing demand for waxy maize starch can be attributed to the rising demand for the food & beverage industry, these are the key factors which boost the adoption of inorganic growth strategies among key industry players around the globe. For instance, in 2021, AGRANA Beteiligungs-AG invested US$ 27.36 Mn in several projects during the financial year 2021-22. The company increased its speciality corn processing capacity in Aschach, Austria. Owing to the glaring statistics waxy maize starch is being used in a variety of applications, such as a thickening agent in soups & gravies, pie fillings, stews & casseroles, and sauces due to its high water absorption capacity which would contribute to the growth of the market in the forthcoming period as well. Waxy maize starch is increasingly being used as a key ingredient in sports nutrition products, particularly in sports drinks and supplements. Waxy maize starch is a high molecular weight carbohydrate that is easily digested and absorbed by the body, providing a quick source of energy without causing insulin spikes which are the unique properties that make it an ideal source of energy for athletes and fitness enthusiasts. The growing demand for sports nutrition products, including energy drinks and supplements, is driving the demand for waxy maize starch in the market.

Some of the major players operating in the market include AGRANA Beteiligungs-AG, Cargill Incorporated, Daesang Corp, Ingredion, Interstarch Ukraine, Manildra Group, New Zealand Starch Limited, Roquette Frères, Samyang Corporation, Sinofi Ingredients. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst type, the native segment held a significant share of the market in 2021.”

Based on type, the market is segmented into native and modified. Among them, the native segment captured a significant share of the market in 2021. The reason for this is because native is frequently used in end-use industries like food and beverage, which includes baked goods, soups and sauces, processed meat products, etc. In addition, it is used to make label adhesives and as a universal thickening for paints

“Amongst nature, the organic segment held the higher CAGR in the market in 2021.”

Based on nature, the market is bifurcated into organic and conventional. Among them, the organic segment is expected to grow at a higher CAGR in the market. This is due to the quality of organic maize is higher than inorganic maize. The demand of the customer for premium quality and natural products has also boosted the growth of the organic starch segment.

“Asia Pacific dominated the Waxy maize starch market in 2021.”

Waxy maize starch has gained increasing popularity in the Asia Pacific due to various factors. The growing demand from paper and textile industries as waxy maize starch is used as a binder and coating agent. Growing awareness and popularity of clean labels and natural ingredients as waxy maize starch is natural ingredients which are used as thickeners and stabilizers.  The rising demand for the food & beverage industry is also attributed to the growth of the waxy maize starch market. For instance, in March 2020, Cargill launched a new line of waxy maize-based starches for the food industry. The starches are designed for use in a range of food products, including noodles, confectionery, and sauces.

Waxy maize starch Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global Waxy maize starch market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Waxy maize starch Market Analysis (2022-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global Waxy maize starch market were the three major steps undertaken to create and analyze the adoption of Waxy maize starch in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global waxy maize starch market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Waxy maize starch market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Waxy maize starch market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, nature, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Waxy maize starch market. Further, we conducted factor analysis using dependent and independent variables such as type, nature, and end-user of the waxy maize starch market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Waxy maize starch market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Waxy maize starch market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the Waxy maize starch market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global Waxy maize starch market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global waxy maize starch market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type, nature, and end-user in the global Waxy maize starch market.

The main objective of the Global Waxy maize starch Market Study

The current & future market trends of the global Waxy maize starch market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Waxy maize starch market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the type, nature, and end-user
• Define and analysis of the regulatory framework for the Waxy maize starch industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the Waxy maize starch market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the Waxy maize starch market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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