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 TechSci report on, “Saudi Arabia Corn Starch Market - By Region, Competition Forecast & Opportunities, 2027”, Saudi Arabia 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. Saudi Arabia corn starch market owes its growth to the factors like increasing demand of corn starch in the food & beverage industry. Changing food habits, and inclination toward increased alcohol consumption is driving the growth of the Saudi Arabia corn starch market in the upcoming five years. Corn starch is actively utilized in cooking fried food, fast foods, Chinese cuisines, to thicken the soups & sauces, corn syrups, custard powders etc. Evolving food habits and higher inclination of the consumers toward these food & beverages is supporting the growth of the Saudi Arabia corn starch market in the next five years. Applications of corn starch is making animal feed is also substantiating the growth of the Saudi Arabia corn starch market in the future five years. Also, paper and textile industry 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 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, 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 Arabia corn starch market segmentation is based on type, application, competitional landscape, and regional distribution. On the basis of 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 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 in. For the purpose like thickening the soups, & dessert like custard, corn starch is majorly utilized for food stuff. Also, the applications of native starch in chemical industry, paper & textile industry also support its futuristic growth along with the growth of the Saudi Arabia 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 the pharmaceutical products. Unlike native starch, modified starch lack in hydrophilic glucose backbone that 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. The modified starch is also used in food products following the applications of native starch.
Application segment of the market is further segmented into ethanol production, food & beverage, animal feed, and others. 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 of fast food and convenient food from the consumers. Changing food habits due to hectic lifestyles of the population, along with 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 of the Saudi Arabia corn starch market in the next five yeas 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 chemical industry is anticipated to support the growth of the sub-segment along with the growth of the Saudi Arabia corn starch market in the future five years.
A partial list of major market players of 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 Arabia 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 the Saudi Arabia corn starch market. New market entrants must analyze the growing demand of 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 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 corn starch market.
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