| Product Code: ETC11763937 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
In 2024, Philippines continued to heavily rely on imports of corn and cornstarch derivatives, with top exporting countries being Indonesia, USA, Turkey, South Korea, and India. The high Herfindahl-Hirschman Index (HHI) indicates a market with significant concentration. The industry experienced a negative compound annual growth rate (CAGR) of -5.35% from 2020 to 2024. Furthermore, the growth rate for 2023-24 plummeted by -17.2%, reflecting a challenging market environment. The Philippines may need to strategize to diversify its import sources and potentially boost domestic production to mitigate risks associated with high concentration and negative growth trends.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Corn & Cornstarch Derivatives Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Corn & Cornstarch Derivatives Market - Industry Life Cycle |
3.4 Philippines Corn & Cornstarch Derivatives Market - Porter's Five Forces |
3.5 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.8 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume Share, By Processing Method, 2021 & 2031F |
3.9 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines Corn & Cornstarch Derivatives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for corn-based products in the food and beverage industry |
4.2.2 Growing popularity of gluten-free and natural ingredients in food products |
4.2.3 Government support and initiatives to promote corn cultivation and processing in the Philippines |
4.3 Market Restraints |
4.3.1 Fluctuating corn prices and availability due to weather conditions and market dynamics |
4.3.2 Competition from substitute products such as wheat and rice in the market |
4.3.3 Challenges in logistics and infrastructure for corn cultivation and distribution |
5 Philippines Corn & Cornstarch Derivatives Market Trends |
6 Philippines Corn & Cornstarch Derivatives Market, By Types |
6.1 Philippines Corn & Cornstarch Derivatives Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Corn Syrup, 2021 - 2031F |
6.1.4 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Corn Oil, 2021 - 2031F |
6.1.5 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Corn Gluten Meal, 2021 - 2031F |
6.1.6 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Philippines Corn & Cornstarch Derivatives Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Sweeteners, 2021 - 2031F |
6.2.3 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Biofuel, 2021 - 2031F |
6.2.4 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Animal Feed, 2021 - 2031F |
6.2.5 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Philippines Corn & Cornstarch Derivatives Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Food & Beverage, 2021 - 2031F |
6.3.3 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Energy, 2021 - 2031F |
6.3.4 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Livestock, 2021 - 2031F |
6.3.5 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Philippines Corn & Cornstarch Derivatives Market, By Processing Method |
6.4.1 Overview and Analysis |
6.4.2 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Wet Milling, 2021 - 2031F |
6.4.3 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Solvent Extraction, 2021 - 2031F |
6.4.4 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Dry Milling, 2021 - 2031F |
6.4.5 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Others, 2021 - 2031F |
6.5 Philippines Corn & Cornstarch Derivatives Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Direct Sales, 2021 - 2031F |
6.5.3 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Distributors, 2021 - 2031F |
6.5.4 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Online Sales, 2021 - 2031F |
6.5.5 Philippines Corn & Cornstarch Derivatives Market Revenues & Volume, By Others, 2021 - 2031F |
7 Philippines Corn & Cornstarch Derivatives Market Import-Export Trade Statistics |
7.1 Philippines Corn & Cornstarch Derivatives Market Export to Major Countries |
7.2 Philippines Corn & Cornstarch Derivatives Market Imports from Major Countries |
8 Philippines Corn & Cornstarch Derivatives Market Key Performance Indicators |
8.1 Average yield per hectare of corn cultivation in the Philippines |
8.2 Adoption rate of cornstarch derivatives in food processing industries |
8.3 Percentage of corn-based products in the overall food and beverage market in the Philippines |
9 Philippines Corn & Cornstarch Derivatives Market - Opportunity Assessment |
9.1 Philippines Corn & Cornstarch Derivatives Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Philippines Corn & Cornstarch Derivatives Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Philippines Corn & Cornstarch Derivatives Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.4 Philippines Corn & Cornstarch Derivatives Market Opportunity Assessment, By Processing Method, 2021 & 2031F |
9.5 Philippines Corn & Cornstarch Derivatives Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines Corn & Cornstarch Derivatives Market - Competitive Landscape |
10.1 Philippines Corn & Cornstarch Derivatives Market Revenue Share, By Companies, 2024 |
10.2 Philippines Corn & Cornstarch Derivatives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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