The waxy maize starch market in North America is expected to grow from US$ 585.90 million in 2022 to US$ 885.61 million by 2028. It is estimated to grow at a CAGR of 7.1% 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 North America waxy maize starch market is segmented into the US, Canada, and Mexico. According to the Canadian Biotechnology Action Network, approximately a half-million acres of waxy corn are grown each year in the US, which is less than 0.5% of acres of corn in the country. In North America, waxy maize starch is significantly utilized in the food industry due to its stabilization and texturizer properties as a food additive. The increasing demand for convenient foods and ready-to-cook instant products, which require maize starch as a food additive, is expected to boost the market growth. The demand for convenience products can be attributed to the changing lifestyle and shift in consumer preferences. In the past few years, the need for gluten-free food has increased, owing to health-conscious and gluten-intolerant consumers, majorly in the US and Canada. This shift in the food eating habits of consumers has led to increased production of gluten-free products from alternative sources such as maize. Along with the food industry, the demand for waxy corn starch is expected to boost due to the rising number of applications in adhesive, pharmaceutical & nutraceutical, and paper & pulp production sectors.North America Waxy Maize Starch Market Segmentation
The North America 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 North America waxy maize starch market is segmented into organic and conventional. The conventional segment registered a larger market share in 2022.
- 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 registered the largest market share in 2022.
- Based on country, the market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022.
Table of Contents
1. Introduction1.1 Study Scope
1.2 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. North America 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. North America 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 - North America Market Analysis
6.1 North America Waxy Maize Starch Market -Revenue and Forecast to 2028
7. North America Waxy Maize Starch Market Analysis - By Type
7.1 Overview
7.2 North America 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. North America 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. North America Waxy Maize Starch Market Analysis - By Application
9.1 Overview
9.2 North America 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. North America Waxy Maize Starch Market - Country Analysis
10.1 Overview
10.1.1 North America: Waxy Maize Starch Market, by Key Country
10.1.1.1 US: Waxy Maize Starch Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Waxy Maize Starch Market, By Type
10.1.1.1.2 US: Waxy Maize Starch Market, by Category
10.1.1.1.3 US: Waxy Maize Starch Market, by Application
10.1.1.2 Canada: Waxy Maize Starch Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Waxy Maize Starch Market, By Type
10.1.1.2.2 Canada: Waxy Maize Starch Market, by Category
10.1.1.2.3 Canada: Waxy Maize Starch Market, By Application
10.1.1.3 Mexico: Waxy Maize Starch Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Waxy Maize Starch Market, By Type
10.1.1.3.2 Mexico: Waxy Maize Starch Market, by Category
10.1.1.3.3 Mexico: 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 Manildra Group
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 Roquette Frères
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 Sinofi Ingredients
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
12.7 Tokai Denpun Co., Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index
List of Tables
Table 1. North America Waxy Maize Starch Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. US Waxy Maize Starch Market, Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. US Waxy Maize Starch Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 4. US Waxy Maize Starch Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Waxy Maize Starch Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Waxy Maize Starch Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Waxy Maize Starch Market, Application - Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico Waxy Maize Starch Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Waxy Maize Starch Market, by Category - Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Waxy Maize Starch Market, Application - Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
List of Figures
Figure 1. North America Waxy Maize Starch Market Segmentation
Figure 2. North America Waxy Maize Starch Market Segmentation - By Country
Figure 3. North America Waxy Maize Starch Market Overview
Figure 4. North America Waxy Maize Starch Market, By Type
Figure 5. North America 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. North America Waxy Maize Starch Market Impact Analysis of Drivers and Restraints
Figure 11. North America: Waxy Maize Starch Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Waxy Maize Starch Market Revenue Share, By Type (2021 and 2028)
Figure 13. North America Modified Starch: Waxy Maize Starch Market - Revenue and Forecast To 2028 (US$ Million)
Figure 14. North America Native Starch: Waxy Maize Starch Market - Revenue and Forecast To 2028 (US$ Million)
Figure 15. North America Waxy Maize Starch Market Revenue Share, By Category (2021 and 2028)
Figure 16. North America Organic: Waxy Maize Starch Market - Revenue and Forecast To 2028 (US$ Million)
Figure 17. North America Conventional: Waxy Maize Starch Market - Revenue and Forecast To 2028 (US$ Million)
Figure 18. North America Waxy Maize Starch Market Revenue Share, By Application (2021 and 2028)
Figure 19. North America Food and Beverages: Waxy Maize Starch Market - Revenue and Forecast To 2028 (US$ Million)
Figure 20. North America Pharmaceuticals and Nutraceuticals: Waxy Maize Starch Market - Revenue and Forecast To 2028 (US$ Million)
Figure 21. North America Others: Waxy Maize Starch Market - Revenue and Forecast To 2028 (US$ Million)
Figure 22. North America: Waxy Maize Starch Market, by Key Country - Revenue (2021) (US$ Million)
Figure 23. North America: Waxy Maize Starch Market Revenue Share, by Key Country (2021 and 2028)
Figure 24. US: Waxy Maize Starch Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Canada: Waxy Maize Starch Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Mexico: Waxy Maize Starch Market - Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned
- AGRANA Beteiligungs-AG
- Cargill, Incorporated
- Manildra Group
- Roquette Frères
- Sinofi Ingredients
- Tate & Lyle PLC
- Tokai Denpun Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 93 |
| Published | December 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 585.9 Million |
| Forecasted Market Value ( USD | $ 885.61 Million |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | North America |
| No. of Companies Mentioned | 7 |
