Companies are focusing on efficient production processes, managing their supply chains to ensure a consistent supply of corn, and meeting production demands. This involves improving crop yields, sourcing sustainably, and using advanced technology to enhance production efficiency. Many corn starch companies are investing in research and development (R&D) activities to create new products and improve existing ones. This includes developing modified corn starches that offer specific benefits such as improved thickening properties, better stability under heat, and suitability for different dietary needs. In addition, corn starch companies are focusing on sustainability due to increasing environmental concerns. They are undertaking initiatives to reduce carbon footprints, manage waste more efficiently, and use renewable energy sources. Companies are also exploring how to improve water use and reduce chemical inputs during the corn-growing process. According to IMARC Group, The global corn starch market size reached 86.4 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 106.3 Million Tons by 2032, exhibiting a growth rate (CAGR) of 2.3% during 2024-2032. Request for a free sample copy of this report: https://www.imarcgroup.com/corn-starch-manufacturing-plant/requestsample Furthermore, companies are expanding into new markets and diversifying their product lines to include not just food applications but also industrial applications such as bioplastics, adhesives, and pharmaceuticals. Compliance with food safety and quality standards is crucial. Companies are continually updating their practices to align with local and international regulations to ensure the safety and quality of their products. Moreover, key players are collaborating with other companies and research institutions to leverage technological advancements and expand market reach. These partnerships often focus on developing new applications for corn starch and improving the sustainability of production methods. Apart from this, on 14 September 2022, Cargill inaugurated its corn wet mill in Pandaan, Pasuruan, and Surabaya to meet the growing demand for starches, sweeteners, and feed markets in Asia and Indonesia. This USD 100 Million facility is also expected to benefit the local economy by creating up to 4,000 new jobs and employment opportunities and help develop Indonesia’s food and beverage (F&B) industry. In addition, on 7 November 2022, Ingredion Incorporated, a leading global provider of ingredient solutions to the F&B manufacturing industry, completed one-third of its US$ 160 Million in capital investments to expand capacity for a range of modified and clean label specialty starches across its global supply chain. Besides this, ADM, a global leader in nutrition and sustainable solutions, announced the expansion of starch production at its Marshall, Minnesota, facility on 12 May 2022 to meet fast-growing demand from the F&B sectors. Top 5 Corn Starch Companies in the World
- Cargill, Incorporated
- Archer Daniels Midland (ADM) Company
- Ingredion Incorporated
- Roquette Frères S.A
- Tate & Lyle PLC