Asia-Pacific Waxy Maize Starch Market

The waxy maize starch market in APAC is expected to grow from US$ 743.21 million in 2022 to US$ 1,206.92 million by 2028. It is estimated to grow at a CAGR of 8.4% from 2022 to 2028.

Surging Demand for Organic Waxy Maize Starch

With rising health consciousness and growing awareness regarding the side effects of chemical additives in food and beverages, the demand for certified-organic products has increased significantly. Organic products are free from chemical fertilizers, pesticides, and genetically modified organisms. The ingredients used in these products are grown or processed by using organic farming regulations, which make organic products healthier than conventional ones. Owing to the growing demand for organic products, starch manufacturers are also developing certified-organic products to cater to the emerging consumer trends. For instance, Ingredion launched a line of certified-organic functional native starch derived from waxy maize in November 2020. Similarly, BIOSTARCH, a Chinese manufacturer of starch, sweeteners, and flour, offers certified-organic waxy maize starch. The starch can be used in bakery products, baby food, frozen food, and other food products. Thus, the rising demand for organic food is expected to drive the waxy maize starch market growth in the coming years.

Market Overview

The Asia Pacific waxy maize starch market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The market is proliferating owing to the potential customer base of developing economies such as China and India, people's food preferences, and the rising demand for healthy functional food products. Waxy maize starch is extensively utilized in food & beverages and textile & paper manufacturing sectors for the stabilization and emulsification of products and as a powder binder in the pharmaceutical industry. According to China Starch Industry Association, a total of 39.17 million tons of corn starch was produced in China in 2021. Native and modified waxy maize starch is extensively produced in Asia Pacific countries, owing to its multi-functional nature. The production of waxy maize starch in the region, specifically in China and India, is bifurcated into organized and unorganized sectors. Moreover, China, India are among the world’s largest textile-producing countries which creates potential demand for raw materials such as waxy maize starch.

APAC Waxy Maize Starch Market Revenue and Forecast to 2028 (US$ Million)

Asia-Pacific Waxy Maize Starch Strategic Insights

Strategic insights for the Asia-Pacific Waxy Maize Starch provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia-Pacific Waxy Maize Starch Report Scope

Asia-Pacific Waxy Maize Starch Regional Insights

The geographic scope of the Asia-Pacific Waxy Maize Starch refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

 APAC Waxy Maize Starch Market Segmentation

The APAC waxy maize starch market is segmented into type, category, application, and country.

Based on type, the market is segmented into native starch and modified starch. The native starch segment registered a larger market share in 2022.

Based on category type, the APAC waxy maize starch market is segmented into organic and conventional. The conventional segment registered a larger market share in 2022.

Based on application, the APAC waxy maize starch market is segmented into food and beverages, pharmaceuticals and nutraceuticals, and others. The food and beverages segment registered the largest market share in 2022.

Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. The Rest of APAC dominated the market share in 2022.

AGRANA Beteiligungs-AG; Cargill, Incorporated; Manildra Group; New Zealand Starch Limited; Roquette Frères; Samyang Corporation; Sanwa Starch Co., Ltd.; Sinofi Ingredients; Tate & Lyle PLC; and Tokai Denpun Co., Ltd. are the leading companies operating in waxy maize starch market in the region.