Summary

The Waxy maize starch market is expected to grow at a strong CAGR of around 6% during the forecast period. 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.

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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