The waxy maize starch market in SAM is expected to grow from US$ 171.67 million in 2022 to US$ 244.74 million by 2028. It is estimated to grow at a CAGR of 6.1% from 2022 to 2028.
Growing Applications of Waxy Maize Starch in Pharmaceuticals & Nutraceuticals Industry
Waxy maize starch is used as a diluent, disintegrating agent, filler, and binding agent in various pharmaceutical products, such as tablets, hard capsules, blends, and premixes. It is an ideal pharmaceutical excipient owing to its excellent binding, water retention, and thickening properties. Waxy maize starch is utilized in sports nutrition and body-building products due to its high amylopectin content and high molecular weight. It also helps quickly replenish the muscle glycogen store and aid recovery. Supplement manufacturers are using waxy maize starch in their products to offer innovative products with high nutritive value. Consumers are concentrating on nutrition and wellbeing due to the rising prevalence of various health conditions, such as obesity, diabetes, high blood pressure, and heart diseases. This has created strong demand for dietary supplements, including protein, vitamin, and mineral supplements. Thus, the growing applications of waxy maize starch in the pharmaceuticals & nutraceuticals industry is significantly driving the growth of the waxy maize starch market.
Market Overview
The SAM waxy maize starch market is expected to gain momentum in the coming years, owing to the increasing demand for waxy maize starch in the food, pharmaceutical, animal feed, textile & paper, and corrugated industries. In Brazil, starch production was estimated to be 538.8 thousand tonsin 2020. The region has also witnessed the development of starch production facilities and innovation in starch. Further, the growing demand for processed food, snacks, infant food, and convenience food products is driving the waxy maize starch market in the region. Also, the rising need for paper and paperboard, due to awareness of sustainable solutions, is projected to boost the demand for specialty pulp and paper in Brazil. The data obtained from the Argentine Foreign Trade Statistic (2021) confirmed that Brazil generated revenue of US$ 105,554 thousand from the export of paper and paper pulp products. Thus, with the growing paper & pulp industry, the demand for waxy maize starch is expected to grow in the region.
SAM Waxy Maize Starch Market Segmentation
The SAM 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, the SAM waxy maize starch market is segmented into organic and conventional. The conventional segment registered a larger market share in 2022.
Based on application, the SAM 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 Brazil, Argentina, and the Rest of SAM. Rest of SAM dominated the market share in 2022.
AGRANA Beteiligungs AG; Cargill, Incorporated; Manildra Group; 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.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 171.67 Million |
| Market Size by 2028 | US$ 244.74 Million |
| CAGR (2022 - 2028) | 6.1% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
|
Regions and Countries Covered
|
|
| South and Central America | Brazil, Argentina, Rest of South and Central America |
| Market leaders and key company profiles |
|
The South America Waxy Maize Starch Market is valued at US$ 171.67 Million in 2022, it is projected to reach US$ 244.74 Million by 2028.
As per our report South America Waxy Maize Starch Market, the market size is valued at US$ 171.67 Million in 2022, projecting it to reach US$ 244.74 Million by 2028. This translates to a CAGR of approximately 6.1% during the forecast period.
The South America Waxy Maize Starch Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Waxy Maize Starch Market report:
The South America Waxy Maize Starch Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Waxy Maize Starch Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Waxy Maize Starch Market value chain can benefit from the information contained in a comprehensive market report.
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