Corn Starch Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Day One Analysis Report, 2020 – 2027
Procurement Outlook
Corn starch is a carbohydrate extracted from the endosperm of
corn. This white powdery substance has a wide range of applications in food and
beverages, animal feed, pharmaceuticals, textiles, and paper industries. It has
thickening properties. Corn starch is comprised of long chains of starch
molecules, which when heated in the presence of moisture, will unravel and
swell.
This swelling action, or gelatinization, is what causes the
thickening to occur. Corn starch is used as a raw material to produce modified
corn starch. More than 95% of starch in the U.S. is derived from corn. However,
this number decreased to less than 65% in Europe and APAC where corn starch is
majorly derived from potato, tapioca, and wheat starch.
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report summary: Corn Starch Industry Procurement
Intelligence
Demand
Outlook
The global corn starch market is valued at ~USD 26 billion in
2020 and it is expected to grow at a CAGR of 6% from 2020 to 2027 owing to
increasing demand from the food and beverage industry. Food processing
companies reduce production costs by adding a varying amount of corn starch to
food.
This process is expected to drive the industry over the forecast
period. The food and beverages segment accounted for more than 40% of the
overall market share. North America is leading the global corn starch industry with
more than 30% revenue share followed by APAC and Europe. The abundance of corn
as a raw material in North America and the low prices of corn starch is the key
driving factor of the industry in the region.
Cost
Drivers
Raw materials cost is the major cost driver of corn starch
production. Corn and enzymes are
the key raw materials, accounting for more than 70% of the overall corn starch
production cost. Other key cost components include corn handling and storage,
steeping, germ separation, fiber separation, gluten separation, starch washing,
etc. The final mass of the corn starch is 55% of the total corn mass used in
the production.
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Intelligence Report:
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A smart and effective supply chain is essential
for growth in any organization. Pipeline division at Grand View Research
provides detailed insights on every aspect of the supply chain which helps in
efficient procurement decisions.
Our services include (not limited to):
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Market Intelligence involving - market size and forecast, growth
factors, and driving trends
·
Price and Cost Intelligence - pricing models adopted for the category,
the total cost of ownership
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Supplier Intelligence - rich insight on supplier landscape, and
identifies suppliers who are dominating, emerging, lounging, and specializing
·
Sourcing / Procurement Intelligence - best practices followed in the
industry, identifying standard KPIs and SLAs, peer analysis, negotiation
strategies to be utilized with the suppliers, and best-suited countries for
sourcing to minimize supply chain disruption
Our market/procurement Intelligence reports
include in-depth and actionable insights that help clients in understanding the
different aspects of the supply chain and take more effective decisions.
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