The manufacturing, processing, and distribution of corn starch and its derivatives are among the many activities that corn starch companies are involved in. They are purchasing corn from vendors or farmers in order to produce corn starch. After that, the corn is processed using milling, steeping, and separation techniques to remove the starch. To create superior starch products fit for a range of commercial and industrial uses, the extracted corn starch is refined. Key players are investing in research and development (R&D) activities in an effort to create new goods using corn starch or enhance ones that already exist. This can include modified starches with enhanced properties for specific applications such as in food, paper, textiles, or pharmaceuticals. The main players are implementing stringent quality control measures throughout the production process to make sure that their starch products are consistently high-quality and meet industry standards and user expectations.
According to IMARC Group, The global corn starch market size reached 86.4 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 106.3 Million Tons by 2032, exhibiting a growth rate (CAGR) of 2.3% during 2024-2032.
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Corn starch companies are distributing their products through various channels including direct sales to manufacturers, distributors, and retailers. They are exporting their products to international markets. They are providing technical support and assistance to users, especially for industrial clients using corn starch as an ingredient in their products. A growing number of corn starch companies are placing more emphasis on sustainability efforts in order to reduce their impact on the environment. This could involve actions to decrease water usage, energy consumption, and waste generation, while also researching renewable energy sources and adopting eco-friendly production methods. Companies are also exploring how to improve water use and reduce chemical inputs during the corn-growing process. Adhering to regulations and standards is essential for companies producing corn starch. As a result, industry players are adhering to food safety regulations, environmental regulations, and other relevant laws.
Apart from this, British multinational fast-moving consumer goods company, Unilever Plc moved to revive a local corn starch production venture on 19 March 2024. This is a part of the multinational company's localization strategy aimed at cutting raw material costs to shore up margins that are under pressure on the slowing detergents business in the East and West African region.
Top 5 Corn Starch Companies in the World
Cargill, Incorporated
Archer Daniels Midland (ADM) Company
Ingredion Incorporated
Roquette Frères S.A
Tate & Lyle PLC
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