Asia Pacific Corn Starch Market

Asia Pacific Corn Starch Market Size (2024 to 2032)

Asia Pacific Corn Starch Market is worth USD 5.71 billion in 2024 and estimated to be growing at a CAGR of 9.08%, to reach USD 11.45 billion by 2032. After cellulose, starch is the most abundant carbohydrate in nature. It can be found in seeds, roots and tubers of higher plants for energy storage. Corn is currently the most commonly used accounting for around 80% of the total global starch production. Corn starch is used in a variety of applications such as animal feed, food and beverages, pharmaceuticals and chemicals, textiles, and paper.

Market Drivers 

Asia Pacific corn starch market is expected to witness significant growth owing to increasing usage in food & beverages, processed food, paper & board and detergent industries. Corn starch also finds its application in treating glycogen storage disease (GSD). This application is anticipated to have positive impact on corn starch market in the near future. One of the major practices adopted by food producers is to add varying amount of corn starch in order to reduce costs. This in turn boosts the growth of the market. As ethanol is replacing petrol, it further drives the market as corn starch is a raw material of corn starch.

Market Restraints

Substitution threat from tapioca and cassava in food industry is presumed to impose significant threat to the market over the forecast period.

Segmental Analysis

Asia Pacific Corn Starch Market By Product

• Native starch
• Modified starch
• Sweeteners

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.

Asia Pacific Corn Starch Market By Application

•  Food and Beverages
• Animal feed
• Pharmaceuticals and chemicals
• Textile
• Paper and Corrugates
• Others

​​​​​​​By application, food and beverages is the major segment of this market.

Asia Pacific Corn Starch Market By Region

• India
• China
• Japan
• Australia

The demand for corn starch in Asia Pacific is projected to be driven by countries such as India and China. This region is projected to exhibit the highest CAGR.

Key Players in the Market

Major corn starch market participants include Cargill Incorporated, HL Agro, Oji Cornstarch, Global Bio- chem Technology Group, Grain Processing Corporation, Croda international, Akzo Nobel NV, Bayer AG, Ajinomoto Company Incorporated, Henkel KGaA.