At 7.1% CAGR, the North America Waxy Maize Starch Market is projected to be worth US$ 885.61 million by 2028, says Business Market Insights              

According to Business Market Insights’ research, the North America waxy maize starch market was valued at US$ 585.90 million in 2022 and is expected to reach US$ 885.61 million by 2028, registering a CAGR of 7.1% from 2022 to 2028. Rising demand for waxy maize starch in food industry and growing applications of waxy maize starch in pharmaceuticals & nutraceuticals industry are the critical factors attributed to the market expansion.    

The food industry is growing at a tremendous pace due to rising population, changing lifestyles of people, increasing per capita income, and surging demand for convenience food.  Waxy maize starch has more than 99% amylopectin content. It is used as a bulking agent, thickener, and texturizer in many food products, such as soups, sauces, fillings, and custards. Moreover, it has a neutral taste and excellent binding capacities, which provide desired texture to the food products. Furthermore, waxy maize starch has high thermal and sheer stability, which makes it an ideal ingredient in canned and extruded food products. It has a high viscosity that imparts excellent texture to gravies, puddings, and fruit fillings.  The manufacturers are also developing products that meet the changing consumer requirements. For instance, the demand for clean-label, gluten-free, non-GMO (genetically modified organisms), and plant-based products is increasing as consumers become health conscious. Thus, the rising demand for waxy maize starch for manufacturing various food products is driving the overall market growth.  In addition, hectic work schedules and busy lifestyles of people, the rising number of dual-income families and single-person households and increasing population of working women drive the consumption of convenience food. Waxy maize starch is widely used in convenience food products such as baked goods, soups, snacks, sauces, and dressings. As a result, the demand for waxy maize starch is increasing.

On the contrary, availability of substitute for waxy maize starch hurdles the growth of North America waxy maize starch market.    

Based on type, the North America waxy maize starch market is segmented into native starch and modified starch. The native starch segment held 54.5% market share in 2022, amassing US$ 319.58 million. It is projected to garner US$ 490.93 million by 2028 to expand at 7.4% CAGR during 2022–2028.  

Based on category, the North America waxy maize starch market is segmented into organic and conventional. The conventional segment held 85.7% market share in 2022, amassing US$ 502.08 million. It is projected to garner US$ 750.03 million by 2028 to expand at 6.9% CAGR during 2022–2028.

Based on application, the North America waxy maize starch market is segmented into food and beverages, pharmaceuticals and nutraceuticals, and others. The food and beverages segment held 65.2% market share in 2022, amassing US$ 381.78 million. It is projected to garner US$ 572.55 million by 2028 to expand at 7.0% CAGR during 2022–2028.

Based on country, the North America waxy maize starch market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 71.8% market share in 2022. It was assessed at US$ 420.54 million in 2022 and is likely to hit US$ 658.89 million by 2028, exhibiting a CAGR of 7.8% during the forecast period.      

Key players dominating the North America waxy maize starch market are AGRANA Beteiligungs-AG; Cargill, Incorporated; Manildra Group; Roquette Frères; Sinofi Ingredients; Tate & Lyle PLC; and Tokai Denpun Co., Ltd. among others.  

• In 2022, Cargill, Incorporated launched Beauty’s StarDesign Starch Range.

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