The waxy maize starch market in APAC is expected to grow from US$ 743.21 million in 2022 to US$ 1,206.92 million by 2028. It is estimated to grow at a CAGR of 8.4% from 2022 to 2028.

Surging Demand for Organic Waxy Maize Starch

With rising health consciousness and growing awareness regarding the side effects of chemical additives in food and beverages, the demand for certified-organic products has increased significantly. Organic products are free from chemical fertilizers, pesticides, and genetically modified organisms. The ingredients used in these products are grown or processed by using organic farming regulations, which make organic products healthier than conventional ones. Owing to the growing demand for organic products, starch manufacturers are also developing certified-organic products to cater to the emerging consumer trends. For instance, Ingredion launched a line of certified-organic functional native starch derived from waxy maize in November 2020. Similarly, BIOSTARCH, a Chinese manufacturer of starch, sweeteners, and flour, offers certified-organic waxy maize starch. The starch can be used in bakery products, baby food, frozen food, and other food products. Thus, the rising demand for organic food is expected to drive the waxy maize starch market growth in the coming years.

Market Overview

The Asia Pacific waxy maize starch market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The market is proliferating owing to the potential customer base of developing economies such as China and India, people’s food preferences, and the rising demand for healthy functional food products. Waxy maize starch is extensively utilized in food & beverages and textile & paper manufacturing sectors for the stabilization and emulsification of products and as a powder binder in the pharmaceutical industry. According to China Starch Industry Association, a total of 39.17 million tons of corn starch was produced in China in 2021. Native and modified waxy maize starch is extensively produced in Asia Pacific countries, owing to its multi-functional nature. The production of waxy maize starch in the region, specifically in China and India, is bifurcated into organized and unorganized sectors. Moreover, China, India are among the world’s largest textile-producing countries which creates potential demand for raw materials such as waxy maize starch.

APAC Waxy Maize Starch Market Revenue and Forecast to 2028 (US$ Million)

APAC Waxy Maize Starch Market Segmentation

The APAC 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 type, the APAC waxy maize starch market is segmented into organic and conventional. The conventional segment registered a larger market share in 2022.
Based on application, the APAC 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 Australia, China, India, Japan, South Korea, and the Rest of APAC. The Rest of APAC dominated the market share in 2022.
AGRANA Beteiligungs-AG; Cargill, Incorporated; Manildra Group; New Zealand Starch Limited; Roquette Frères; Samyang Corporation; Sanwa Starch Co., Ltd.; Sinofi Ingredients; Tate & Lyle PLC; and Tokai Denpun Co., Ltd. are the leading companies operating in waxy maize starch market in the region.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Insight Partners 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. APAC 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. APAC 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 – APAC Market Analysis
6.1 APAC Waxy Maize Starch Market –Revenue and Forecast to 2028
7. APAC Waxy Maize Starch Market Analysis – By Type
7.1 Overview
7.2 APAC 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. APAC 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. APAC Waxy Maize Starch Market Analysis – By Application
9.1 Overview
9.2 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. APAC Waxy Maize Starch Market – Country Analysis
10.1 Overview
10.1.1 Asia Pacific: Waxy Maize Starch Market, by Key Country
10.1.1.1 Australia: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Waxy Maize Starch Market, By Type
10.1.1.1.2 Australia: Waxy Maize Starch Market, by Category
10.1.1.1.3 Australia: Waxy Maize Starch Market, By Application
10.1.1.2 China: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Waxy Maize Starch Market, By Type
10.1.1.2.2 China: Waxy Maize Starch Market, by Category
10.1.1.2.3 China: Waxy Maize Starch Market, By Application
10.1.1.3 India: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Waxy Maize Starch Market, by Type
10.1.1.3.2 India: Waxy Maize Starch Market, by Category
10.1.1.3.3 India: Waxy Maize Starch Market, by Application
10.1.1.4 Japan: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Waxy Maize Starch Market, By Type
10.1.1.4.2 Japan: Waxy Maize Starch Market, by Category
10.1.1.4.3 Japan: Waxy Maize Starch Market, By Application
10.1.1.5 South Korea: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Waxy Maize Starch Market, By Type
10.1.1.5.2 South Korea: Waxy Maize Starch Market, by Category
10.1.1.5.3 South Korea: Waxy Maize Starch Market, By Application
10.1.1.6 Rest of Asia Pacific: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Asia Pacific: Waxy Maize Starch Market, By Type
10.1.1.6.2 Rest of Asia Pacific: Waxy Maize Starch Market, by Category
10.1.1.6.3 Rest of Asia Pacific: 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
12.8 Sanwa Starch Co., Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 New Zealand Starch Limited
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Samyang Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index

LIST OF TABLES

Table 1. APAC Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Waxy Maize Starch Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Waxy Maize Starch Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia Waxy Maize Starch Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. China Waxy Maize Starch Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. China Waxy Maize Starch Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 7. China Waxy Maize Starch Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. India Waxy Maize Starch Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. India Waxy Maize Starch Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 10. India Waxy Maize Starch Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan Waxy Maize Starch Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan Waxy Maize Starch Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan Waxy Maize Starch Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea Waxy Maize Starch Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea Waxy Maize Starch Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea Waxy Maize Starch Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Asia Pacific Waxy Maize Starch Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Asia Pacific Waxy Maize Starch Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Asia Pacific Waxy Maize Starch Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation

LIST OF FIGURES

Figure 1. APAC Waxy Maize Starch Market Segmentation
Figure 2. APAC Waxy Maize Starch Market Segmentation – By Country
Figure 3. APAC Waxy Maize Starch Market Overview
Figure 4. APAC Waxy Maize Starch Market, By Type
Figure 5. APAC 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. APAC Waxy Maize Starch Market Impact Analysis of Drivers and Restraints
Figure 11. APAC: Waxy Maize Starch Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC Waxy Maize Starch Market Revenue Share, By Type (2021 and 2028)
Figure 13. APAC Modified Starch: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. APAC Native Starch: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. APAC Waxy Maize Starch Market Revenue Share, By Category (2021 and 2028)
Figure 16. APAC Organic: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. APAC Conventional: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. APAC Waxy Maize Starch Market Revenue Share, By Application (2021 and 2028)
Figure 19. APAC Food and Beverages: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. APAC Pharmaceuticals and Nutraceuticals: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. APAC Others: Waxy Maize Starch Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. APAC: Waxy Maize Starch Market, by Key Country – Revenue (2021) (US$ Million)
Figure 23. Asia Pacific: Waxy Maize Starch Market Revenue Share, by Key Country (2021 and 2028)
Figure 24. Australia: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. China: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. India: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. Japan: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. South Korea: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of Asia Pacific: Waxy Maize Starch Market –Revenue and Forecast to 2028 (US$ Million)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC waxy maize starch market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the APAC waxy maize starch market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the waxy maize starch market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

● AGRANA Beteiligungs-AG
● Cargill, Incorporated
● Manildra Group
● New Zealand Starch Limited
● Roquette Frères
● Samyang Corporation
● Sanwa Starch Co., Ltd.
● Sinofi Ingredients
● Tate & Lyle PLC
● Tokai Denpun Co., Ltd.

At 8.4% CAGR, the APAC Waxy Maize Starch Market is speculated to be worth US$ 1,206.92 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the APAC waxy maize starch market was valued at US$ 743.21 million in 2022 and is expected to reach US$ 1,206.92 million by 2028, registering a CAGR of 8.4% from 2022 to 2028. Increasing strategic developments by major market players and surging demand for organic waxy maize starch are the critical factors attributed to the market expansion.

The manufacturers of waxy maize starch are making strategic developments, such as product innovation, plant capacity expansion, and mergers & acquisitions, to strengthen their market position and expand their customer base. Companies are launching new products with unique properties to cater to changing consumer requirements. For instance, in November 2020, Ingredion launched organic instant functional native starch NOVATION 9460. The product is derived from waxy maize. It controls rheological behavior in cake batters, sauces, or other semi-liquids by providing instant viscosity. It can also be used in sweet applications, such as cream and fruit-based fillings, as well as in savory applications, such as sauces and dressings, to enhance their appearance and texture. Such innovative products are gaining huge popularity among consumers. Therefore, rising strategic developments by market players are expected to provide immense opportunities to the waxy maize starch market during the forecast period.

On the contrary, availability of substitute for waxy maize starch hurdles the growth of APAC waxy maize starch market.

Based on type, the APAC waxy maize starch market is segmented into native starch and modified starch. The native starch segment held 60.1% market share in 2022, amassing US$ 446.55 million. It is projected to garner US$ 755.97 million by 2028 to expand at 9.2% CAGR during 2022–2028.

Based on category, the APAC waxy maize starch market is segmented into organic and conventional. The conventional segment held 91.4% market share in 2022, amassing US$ 679.48 million. It is projected to garner US$ 1,097.00 million by 2028 to expand at 8.3% CAGR during 2022–2028.

Based on application, the APAC waxy maize starch market is segmented into food and beverages, pharmaceuticals and nutraceuticals, and others. The food and beverages segment held 66.0% market share in 2022, amassing US$ 490.40 million. It is projected to garner US$ 801.40 million by 2028 to expand at 8.5% CAGR during 2022–2028.

Based on country, the APAC waxy maize starch market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. Our regional analysis states that Rest of APAC captured 40.3% market share in 2022. It was assessed at US$ 299.69 million in 2022 and is likely to hit US$ 480.63 million by 2028, exhibiting a CAGR of 8.2% during the forecast period.

Key players dominating the APAC waxy maize starch market are AGRANA Beteiligungs-AG; Cargill, Incorporated; Manildra Group; New Zealand Starch Limited; Roquette Frères; Samyang Corporation; Sanwa Starch Co., Ltd.; Sinofi Ingredients; Tate & Lyle PLC; and Tokai Denpun Co., Ltd. among others.

In 2022, Cargill, Incorporated launched Beauty’s StarDesign Starch Range.