Waxy Maize Starch Market Size, Share, Opportunities, And Trends By Application (Food & Beverages, Nutraceutical And Pharmaceutical, Others), By Type (Modified, Native), By End-user (Individuals, Industry), And By Geography - Forecasts From 2024 To 2029

The waxy maize starch market is projected to grow considerably during the forecast period

Waxy corn starch, commonly referred to as waxy maize starch, distinguishes itself by comprising solely of amylopectin molecules, providing unique and advantageous characteristics. As this is in contrast to regular dent corn starch containing both amylose and amylopectin, waxy starch finds extensive applications in various industries.

Waxy maize starch is primarily utilized in frozen food, soups, puddings, and other segments of the food industry, where it plays a pivotal role. The applications extend to the market segmentation, where the waxy maize starch market is categorized by its diverse applications, including food and beverages, nutraceutical and pharmaceutical, and others. Additionally, the market is characterized by end-users, encompassing both Individuals and Industries.

In essence, the exceptional properties of waxy maize starch, driven by its amylopectin composition, make it a versatile ingredient with widespread applications, catering to diverse needs in the food and related industries. The market segmentation further underscores its significance in various sectors, highlighting its relevance for the individual as well as the industrial landscape.

Market Drivers

• Rising awareness about waxy starch maize

With the focus on health consciousness, consumers are increasingly seeking natural ingredients to augment their well-being. In response to the growing demand for gluten-free alternatives, there is a notable demand for modified food starch derived from corn, particularly waxy maize. Starch and its derivatives have emerged as highly promising and environmentally friendly ingredients, providing diverse application benefits in both the food and non-food industries.

This heightened awareness surrounding health and the quest for cleaner, natural ingredients contribute significantly to the increasing demand for waxy maize. As a consequence, the waxy maize market experiences substantial growth, driven by the consumer-driven demand for products with health-conscious choices.

• Waxy maize starch usage in 3D printing

An innovative application of waxy maize starch lies in the advanced field of 3D printing for personalized medicine development. Researchers in the Basque country have achieved a breakthrough by utilizing 3D printers to manufacture starch-based tablets. The significance of these tailor-made tablets lies in their potential to customize medicines for individual patients based on factors such as genetics, gender, or constitution. For instance, in the initial stage using normal maize starch, a medicine could be quickly released to alleviate pain.

The incorporation of waxy maize starch in 3D printing for tablet production stands as a pioneering application, displaying significant potential for waxy starch for upcoming personalized drug release applications. The utilization of this starch in advanced pharmaceutical displays the need for personalized medicine and waxy maize in pharmaceutical applications.

Market Restraints

• Seasonal and Climate-related restraints

The waxy corn industry faces significant hurdles attributed to seasonal and climate-related factors. The susceptibility of waxy corn to the impacts of climate change and unpredictable weather patterns introduces challenges on both the supply and demand fronts. A noteworthy instance occurred in October 2022 when abnormal weather conditions prompted the European Commission to revise its grain forecast, particularly for corn, within the European Union. Regions highly productive for waxy corn cultivation, such as the North of Italy and specific French areas, experienced severe disruptions. This underscores a substantial challenge in the market, as climate-related adversities directly affect the production and availability of waxy corn, impacting both regional and broader market dynamics.

Waxy maize starch market segmentation by type- modified and native

The market for waxy maize starch can be segmented based on its types, as modified and native. Modified Waxy Maize Starch undergoes specific treatments to enhance its properties, making it suitable for specialized applications. This category finds diverse applications in various industries, including adhesives, papermaking, and textiles. On the other hand, Native Waxy Maize Starch remains unaltered, undergoing no chemical or physical modifications.

North America is anticipated to hold a significant share of the waxy starch market.

North America would be a notable player in the waxy starch market. The region's significance is underlined by the robust consumption of processed and packaged foods. In the year 2021, the United States alone witnessed an availability of 35.5 pounds per person of corn products, including flour and meal, hominy and grits, and food starch. This consumption trend has demonstrated a steady increase over the past five decades, highlighting the popularity of corn-derived products in the American diet. This surge in consumption aligns with the growing awareness and preference for gluten-free alternatives. The robust presence of waxy starch in North America is influenced by the region's consumption patterns, dietary preferences, and health-conscious choices.

Market Developments

• March 2023- Japan's Ministry of Health, Labour, and Welfare (MHLW) and Ministry of Agriculture, Forestry, and Fisheries (MAFF) approved a genome-edited waxy corn product. This decision added the waxy corn to the list of genome-edited products that were exempt from regulations governing genetically engineered food, feed, and biodiversity. Notably, this marked the inclusion of the fourth type of genome-edited product on the lists.
• September 2022-  Ingredion strengthened the sustainable ingredients supply chain for food and beverage (F&B) producers by inaugurating Shandong South, a state-of-the-art starch manufacturing facility in Shandong, China. The opening of Shandong South underscored Ingredion's commitment to addressing the growing demand for sustainable ingredient solutions in the dynamic F&B industry.

Company Products

• Waxy Maize Starch by Scenit Nutrition SL- Waxy Maize Starch, consisting of amylopectin derived from corn, is available in a 4 kg package priced at €39.90. The product comes in various flavors such as Lemon, Orange, Peach, Passion Fruit, and unflavored. It is produced in Spain at a facility that adheres to high-quality standards, certified with GMP (Good Manufacturing Practice), ISO-9001, and HACCP.
• ECHEMI offers Waxy Corn Starch- ECHEMI offers 100% pure Waxy Corn Starch in the form of a white powder, classified as food grade. The product is conveniently packaged in 50kg bags. Its appearance is characterized by a fine white powder texture. It is recommended to securely seal the container to preserve the product's quality, storing it in a dry, cool, and well-ventilated environment.
• NOW Foods Waxy Maize Powder-  NOW Foods presents Waxy Maize Powder in a 5.5 lbs size, providing approximately 62 servings. This product is derived from non-GMO corn and is composed of 90% amylopectin, a complex starch with a high molecular weight and a multi-branched polysaccharide structure. For optimal preservation of its quality, it is advised to store NOW® Sports Waxy Maize in a cool, dry, and dark place after opening.

Market Segmentation

• By Application
  • Food & Beverages
  • Nutraceutical And Pharmaceutical
  • Others
• By Type
  • Modified
  • Native
• By End-user
  • Individuals
  • Industry
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others

1.  INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. WAXY MAIZE STARCH MARKET BY APPLICATION

5.1. Introduction

5.2. Food & beverages

5.3. Nutraceutical and Pharmaceutical

5.4. Others

6. WAXY MAIZE STARCH MARKET BY TYPE

6.1. Introduction

6.2. Modified

6.3. Native

7. WAXY MAIZE STARCH MARKET BY END-USER

7.1. Introduction

7.2. Individuals

7.3. Industry

8. WAXY MAIZE STARCH MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. The Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Israel

8.5.4. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. South Korea

8.6.5. Indonesia

8.6.6. Thailand

8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

10. COMPANY PROFILES

10.1. Roquette Frères

10.2. Merck KGaA, Darmstadt

10.3. Scenit Nutrition SL

10.4. nutrabay.com

10.5. Meelunie B.V.

10.6. Shandong Fuyang Bio-tech. Co. Ltd.

10.7. Maroquin Organic International.

10.8. Now Foods

10.9. CHEMI Digital Technology Co., Ltd.

10.10. Cargill

Roquette Frères

Merck KGaA, Darmstadt

Scenit Nutrition SL

nutrabay.com

Meelunie B.V.

Shandong Fuyang Bio-tech. Co. Ltd.

Maroquin Organic International.

Now Foods

CHEMI Digital Technology Co., Ltd.

Cargill