세계의 옥수수 및 옥수수 전분 유도체 시장 규모는 2023년에 743억 달러로 평가되었고, 2024년 780억 9,000만 달러에서 2032년까지는 1,162억 6,000만 달러로 성장할 전망이며, 예측 기간인 2025-2035년 CAGR 5.1%로 성장할 것으로 예측됩니다.
시장 성장의 원동력이 되고 있는 것은 바이오 연료에 대한 관심 고조와 더불어, 식품 및 음료 분야에서 천연 소재나 유기 소재에 대한 수요의 급증입니다. 옥수수 및 옥수수 전분 유도체는, 수많은 식품 및 음료 용도로 천연 성분으로서 지극히 중요한 역할을 하고 있습니다. 게다가 바이오 연료에 대한 요구의 고조는, 가까운 장래에 옥수수 전분 유도체의 수요를 한층 더 높일 것으로 예측되고 있습니다. 더불어 제약업계와 퍼스널케어 업계는 옥수수 전분 유도체를 점점 더 활용하여 의약품 결합제, 붕괴제, 충전제로, 또한 퍼스널케어 제품의 증점제, 유화제로 이용하게 될 것으로 예상됩니다. 이러한 다면적인 수요로 인해 향후 수년간 시장은 크게 성장할 것으로 예상됩니다.
Global Corn and Corn Starch Derivatives Market size was valued at USD 74.3 billion in 2023 and is poised to grow from USD 78.09 billion in 2024 to USD 116.26 billion by 2032, growing at a CAGR of 5.1% during the forecast period (2025-2032).
Market growth is being fueled by the surging demand for natural and organic ingredients within the food and beverage sector, coupled with an increasing interest in biofuels. Corn and its derivatives are playing a pivotal role as natural components across numerous food and beverage applications. Moreover, the escalating requirement for biofuels is projected to further elevate the demand for corn starch derivatives in the near future. Additionally, the pharmaceutical and personal care industries are anticipated to increasingly leverage corn starch derivatives, utilizing them as binders, disintegrants, and fillers in pharmaceuticals, and as thickeners and emulsifiers in personal care products. This multifaceted demand is set to drive significant growth in the market over the coming years.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Corn and Corn Starch Derivatives market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Corn and Corn Starch Derivatives Market Segments Analysis
Global Corn and Corn Starch Derivatives Market is segmented by Product, Function, Application and region. Based on Product, the market is segmented into Corn Starch, Corn Starch Derivatives, Corn Oil, Corn Flour, Corn Meal/Flakes/Grits and Corn Protein. Based on Function, the market is segmented into Thickening Agents, Stabilizers, Sweeteners and Other Functions. Based on Application, the market is segmented into Food & Beverage, Animal feed, Paper And Board, Pharmaceutical, Biodiesel, Textiles and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Corn and Corn Starch Derivatives Market
The Global Corn and Corn Starch Derivatives market is significantly influenced by the rising demand for convenience food products, which are designed for quick consumption and minimal preparation. Factors such as evolving lifestyles, increased urbanization, and growing disposable incomes contribute to this trend. As more individuals enter the workforce, the need for ready-to-eat meals and easy-to-prepare snacks has surged, reflecting a shift towards time-saving dining options. Additionally, urbanization has fostered the growth of supermarkets and hypermarkets, enhancing accessibility to a diverse array of packaged food items. This shift in consumer preferences underscores the expanding market for corn and corn starch derivatives.
Restraints in the Global Corn and Corn Starch Derivatives Market
The Global Corn and Corn Starch Derivatives market faces significant constraints primarily due to the dependency on corn as the essential raw material for production. Any fluctuations in the availability and pricing of corn can greatly influence this market. The supply of corn is vulnerable to various factors, including climatic conditions, pest problems, and agricultural policies. Adverse weather events, such as droughts or heavy rains, can disrupt corn production, resulting in supply shortages and surging prices. Additionally, pest infestations, like corn borers and armyworms, can reduce corn yields, further limiting raw material availability. Furthermore, shifts in governmental agricultural policies, such as subsidies or import/export restrictions, may also affect both corn prices and availability, directly impacting the production of corn starch and its derivatives.
Market Trends of the Global Corn and Corn Starch Derivatives Market
The Global Corn and Corn Starch Derivatives market is witnessing a significant upward trend fueled by increasing consumer demand for natural and organic ingredients within food and beverage products. This shift towards clean label options is compelling manufacturers to adopt corn-based alternatives, which are perceived as healthier and more sustainable. Consumers are increasingly prioritizing transparency in ingredient sourcing, leading to heightened interest in corn derivatives that offer both functional benefits and natural qualities. Consequently, this trend is driving innovation and expansion in product offerings across various sectors, thereby strengthening the market's growth trajectory.