Saudi Arabia Corn Starch Market is anticipated to grow rapidly due to surging demand for fast food in the forecast period, 2023-2027F. According to the TechSci report, “Saudi Arabia Corn Starch Market – By Region, Competition Forecast & Opportunities, 2027”, the Saudi corn starch market has shown promising growth in historical years until 2021 and is expected to continue its growth in forecast years 2023 to 2027.
The Important Factors of Saudi Arabia Corn Starch Market
Saudi Arabia’s corn starch market owes its growth to the factors like increasing demand for corn starch in the food & beverage industry. Changing food habits, and inclination toward increased alcohol consumption are driving the growth of the Saudi corn starch market in the upcoming five years. Corn starch is actively utilized in cooking fried food, fast foods, and Chinese cuisines, to thicken soups & sauces, corn syrups, custard powders, etc. Evolving food habits and the higher inclination of consumers toward these food & beverages is supporting the growth of the Saudi corn starch market in the next five years. Applications of corn starch in making animal feed are also substantiating the growth of Saudi Arabia’s corn starch market in the future five years. Also, the paper and textile industries are increasing the demand for corn starch for the production of furniture tissue, clothing, etc. using corn starch, thereby aiding the growth of the Saudi Arabia corn starch market in the future five years.
Moreover, increasing research and technological advancement in the production of corn starch along with the better manufacturing units of the product such that the cost of manufacturing can be lowered, are some of the indirect factors driving the growth of the Saudi Arabi corn starch market in the forecast years, until 2027F. Genetically modified crops with higher yields, and the tendency to withstand harsh climatic conditions is also supporting the growth of the Saudi Arabia corn starch market in the forecast period.
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The Saudi corn starch market segmentation is based on type, application, competitional landscape, and regional distribution. Based on type, the market is bifurcated into native starch, modified starch, and sweeteners. Native starch is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of its variant application in the food industry, beverage industry, chemical industry, animal feeds, etc. Corn starch is tasteless but adds to the flavor of the food product it is incorporated into.
For purposes like thickening soups, & desserts like custard, corn starch is majorly utilized for foodstuff. Also, the applications of native starch in the chemical industry, paper & textile industries support its futuristic growth along with the growth of the Saudi corn starch market in the next five years. Modified starch is also expected to register significant growth in the forecast period on the account of its added applications in pharmaceutical products. Unlike native starch, modified starch lack in hydrophilic glucose backbone which causes them to display poor surface activities. This derivative is produced by treating the native starch by physical, enzymatic, and chemical treatments to enhance its properties. Modified starch is also used in food products following the applications of native starch.
The application segment of the market is further segmented into ethanol production, food & beverage, animal feed, and others. The food & beverage application of corn starch is anticipated to hold the largest revenue shares of the market and dominate the segment in the upcoming five years on the account of surging demands for fast food and convenient food from consumers. Changing food habits due to the hectic lifestyles of the population, along with the inclination of the young population toward fast food and ready-to-eat food is further anticipated to drive the growth of the Saudi Arabia corn starch market. Ethanol production is also expected to register significant growth in the Saudi Arabia corn starch market in the next five years on the grounds of increased alcohol production. Although alcohol consumption in the country is restricted production of the ethanol for the paper & textile industry along with its usage in the chemical industry is anticipated to support the growth of the sub-segment along with the growth of the Saudi corn starch market in the future five years.
A partial list of major market players in the Saudi Arabia corn starch market includes :
- Arabian Agricultural Services Company (ARASCO)
- BASF Saudi Arabia
- Archer Daniels Midland Company
- BAYER Saudi Arabia
- Associated British Foods plc
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“Agriculture and biotechnological conjugation is a major driver supporting the growth of the Saudi corn starch market in the upcoming five years. Increasing research on the cost-effective manufacturing of corn starch along with the genetically modified crops that produce higher yields of corn to support the growth of Saudi Arabia’s corn starch market. New market entrants must analyze the growing demand for the product. Delegating supplies of corn starch in various industries along with their quality standards being maintained would support their future growth in the market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Saudi Arabia Corn Starch Market By Type (Native Starch, Modified Starch, Sweeteners), By Application (Ethanol Production, Food & Beverage, Animal Feed, Others), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of Saudi Arabia’s corn starch market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia’s corn starch market.
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