Europe Waxy Maize Starch Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Modified Starch and Native Starch), Category (Organic and Conventional), and Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, and Others)
The waxy maize starch market in Europe is expected to grow from US$ 501.40 million in 2022 to US$ 722.16 million by 2028. It is estimated to grow at a CAGR of 6.3% from 2022 to 2028.
Rising Demand for Waxy Maize Starch in Food Industry
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.
Market Overview
The Europe waxy maize starch market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The starch industry is one of the key revenue-generating industries in Europe. According to Starch Europe, the European Union (EU) produced 12.12 million metric tons of starch in 2020, of which 10.03 million metric tons were consumed within the EU. Approximately 71 facilities in the EU are engaged in the production of starch and starch derivatives. The food & beverages, pharmaceutical & nutraceuticals, and pulp & paper industries are the major consumers of waxy maize starch in Europe. Waxy maize starch is used as a thickening/gelling agent and stabilizer in a wide range of food and beverages, including bakery and confectionery products, soups, sauces, frozen desserts, dairy creamers, and ready-to-drink beverages. The rising demand for convenience food owing to the hectic lifestyle and high per-capita income of consumers is driving the need for waxy maize starch in the food & beverages industry across the region. Manufacturers are adopting various development strategies to ensure a long-term sustainable crop supply for food starch. For instance, Cargill has committed to sourcing waxy corn 100% sustainably from European farmers. In support of this initiative, Cargill has developed the Waxy Corn Sustainable Sourcing program, leveraging the strong partnerships between Cargill, farmers, and co-op suppliers to address key sustainability challenges in the waxy corn growing countries in the Europe.
Europe Waxy Maize Starch Market Revenue and Forecast to 2028 (US$ Million)
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Europe Waxy Maize Starch Market Segmentation
The Europe 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 Europe waxy maize starch market is segmented into organic and conventional. The conventional segment registered a larger market share in 2022.
Based on application, the Europe 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 Germany, France, Italy, the UK, Russia, and The Rest of Europe. The Rest of Europe dominated the market share in 2022.
AGRANA Beteiligungs AG; Cargill, Incorporated; Roquette Frères; Sinofi Ingredients; Tate & Lyle PLC; and Tokai Denpun Co., Ltd. are the leading companies operating in waxy maize starch market in the region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
4. Europe Waxy Maize Starch Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
4.4.1 Raw Material Suppliers
4.4.2 Manufacturers
4.4.3 End-use Industries
5. Europe Waxy Maize Starch Market — Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Waxy Maize Starch in Food Industry
5.1.2 Growing Applications of Waxy Maize Starch in Pharmaceuticals & Nutraceuticals Industry
5.2 Market Restraints
5.2.1 Availability of Substitute for Waxy Maize Starch
5.3 Market Opportunities
5.3.1 Increasing Strategic Developments by Major Market Players
5.4 Future Trends
5.4.1 Surging Demand for Organic Waxy Maize Starch
5.5 Impact Analysis of Drivers and Restraint
6. Waxy maize starch – Europe Market Analysis
6.1 Europe Waxy Maize Starch Market –Revenue and Forecast to 2028
7. Europe Waxy Maize Starch Market Analysis – By Type
7.1 Overview
7.2 Europe Waxy Maize Starch Market, By Type (2021 and 2028)
7.3 Modified Starch
7.3.1 Overview
7.3.2 Modified Starch: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Native Starch
7.4.1 Overview
7.4.2 Native Starch: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Waxy Maize Starch Market Analysis – By Category
8.1 Overview
8.2 Waxy Maize Starch Market, By Category (2021 and 2028)
8.3 Organic
8.3.1 Overview
8.3.2 Organic: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Waxy Maize Starch Market Analysis – By Application
9.1 Overview
9.2 Waxy Maize Starch Market, By Application (2021 and 2028)
9.3 Food and Beverages
9.3.1 Overview
9.3.2 Food and Beverages: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Pharmaceuticals and Nutraceuticals
9.4.1 Overview
9.4.2 Pharmaceuticals and Nutraceuticals: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Waxy Maize Starch Market – Country Analysis
10.1 Overview
10.1.1 Europe: Waxy Maize Starch Market, by Key Country
10.1.1.1 Germany: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Waxy Maize Starch Market, By Type
10.1.1.1.2 Germany: Waxy Maize Starch Market, by Category
10.1.1.1.3 Germany: Waxy Maize Starch Market, By Application
10.1.1.2 France: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Waxy Maize Starch Market, By Type
10.1.1.2.2 France: Waxy Maize Starch Market, by Category
10.1.1.2.3 France: Waxy Maize Starch Market, By Application
10.1.1.3 Italy: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Waxy Maize Starch Market, By Type
10.1.1.3.2 Italy: Waxy Maize Starch Market, by Category
10.1.1.3.3 Italy: Waxy Maize Starch Market, By Application
10.1.1.4 UK: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Waxy Maize Starch Market, By Type
10.1.1.4.2 UK: Waxy Maize Starch Market, by Category
10.1.1.4.3 UK: Waxy Maize Starch Market, By Application
10.1.1.5 Russia: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Waxy Maize Starch Market, By Type
10.1.1.5.2 Russia: Waxy Maize Starch Market, by Category
10.1.1.5.3 Russia: Waxy Maize Starch Market, By Application
10.1.1.6 Rest of Europe: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Waxy Maize Starch Market, By Type
10.1.1.6.2 Rest of Europe: Waxy Maize Starch Market, by Category
10.1.1.6.3 Rest of Europe: Waxy Maize Starch Market, By Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Product Development
12. Company Profiles
12.1 Cargill, Incorporated
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Tate & Lyle PLC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 AGRANA Beteiligungs-AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Roquette Frères
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Sinofi Ingredients
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Tokai Denpun Co., Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany Waxy Maize Starch Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Waxy Maize Starch Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany Waxy Maize Starch Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. France Waxy Maize Starch Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. France Waxy Maize Starch Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 7. France Waxy Maize Starch Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy Waxy Maize Starch Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy Waxy Maize Starch Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy Waxy Maize Starch Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. UK Waxy Maize Starch Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. UK Waxy Maize Starch Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 13. UK Waxy Maize Starch Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia Waxy Maize Starch Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia Waxy Maize Starch Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia Waxy Maize Starch Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe Waxy Maize Starch Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe Waxy Maize Starch Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe Waxy Maize Starch Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Waxy Maize Starch Market Segmentation
Figure 2. Europe Waxy Maize Starch Market Segmentation – By Country
Figure 3. Europe Waxy Maize Starch Market Overview
Figure 4. Europe Waxy Maize Starch Market, By Type
Figure 5. Europe Waxy Maize Starch Market, By Country
Figure 7. Porter's Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. Waxy Maize Starch Market - Ecosystem
Figure 10. Europe Waxy Maize Starch Market Impact Analysis of Drivers and Restraints
Figure 11. Europe: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Waxy Maize Starch Market Revenue Share, By Type (2021 and 2028)
Figure 13. Europe Modified Starch: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Europe Native Starch: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Europe Waxy Maize Starch Market Revenue Share, By Category (2021 and 2028)
Figure 16. Europe Organic: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Europe Conventional: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Europe Waxy Maize Starch Market Revenue Share, By Application (2021 and 2028)
Figure 19. Europe Food and Beverages: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Europe Pharmaceuticals and Nutraceuticals: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Europe Others: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Europe: Waxy Maize Starch Market, by Key Country – Revenue (2021) (US$ Million)
Figure 23. Europe: Waxy Maize Starch Market Revenue Share, by Key Country (2021 and 2028)
Figure 24. Germany: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. France: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Italy: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. UK: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Russia: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of Europe: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
- AGRANA Beteiligungs-AG
- Cargill, Incorporated
- Roquette Frères
- Sinofi Ingredients
- Tate & Lyle PLC
- Tokai Denpun Co., Ltd.
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