Corn Based Ingredients Market is Segmented By Type (Corn Starch, Corn Oil, Others), By Application (Animal Feed, Food, and Beverages, Pharmaceuticals, Fuel, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Report Overview
The Global "Corn-based Ingredients Market" is Predicted to reach at a CAGR of 5.1% during the forecast period. (2024-2031)
Corn-based ingredients are natural ingredients derived from corn that may be used in various fields, including agriculture, livestock, poultry feed, and biofuel production. The extract from corn seed or corn kernel is referred to as corn-based ingredients. Corn-based ingredients include things like cornflour, corn oil, corn starch, corn syrups and some of other corn derived ingredients. Corn starch is a common culinary additive that is used to thicken sauces and soups, as well as to manufacture corn syrup and other sugars. Corn starch is diverse and easy to modify. It has a wide range of applications in industry, including adhesives, paper goods, anti-sticking agents, and textile manufacture, driving the market growth.
Source: DataM Intelligence Analysis (2022)
Market Dynamics
Corn-based ingredients are widely used in agriculture, food, and other industries, which is propelling the global corn-based ingredients market
Rising consumer awareness of the health benefits of corn-based ingredients consumption and the growing demand from food manufacturers for high-quality food products are some factors that will likely boost the growth of the corn-based ingredients market over the forecast period. Corn flour is an excellent alternative to wheat flour. It is good for baked goods and gravies, and it also eliminates inflammation-causing foods from the diet, resulting in a healthy gut. These ingredients' health benefits and high processability complement the market's growth. Furthermore, corn oil is beneficial for health. It may reduce risk of heart disease. It contains heart-healthy compounds like vitamin E, linoleic acid, and phytosterols. Vitamin E is a powerful antioxidant, so eating a diet rich in it can help protect heart and blood vessels from oxidative damage caused by free radicals. Moreover, the global corn-based ingredients market is driven by favorable supply-demand dynamics, which differs significantly from region to region in term of production and consumption of corn-based ingredients.
Market Segmentation Analysis
Corn flour segment is anticipated to expand at a CAGR of XX%
Corn flour is the most extensively used corn-based ingredient in the agriculture sector food processing sector, and the increased demand for ready-to-eat goods due to its on-the-go convenience has boosted corn flour sales. Corn flour can be used in or in addition to wheat flour in bread, pancakes, biscuits, waffles, and pastries. It imparts a characteristic corn flavor and a golden hue. Corn flour can be used as a pre-emergence herbicide in transplanted crops because corn flour contains a biologically active dipeptide compound called Alanyl-Alanine, a potent inhibitor of rooting, which brings morphological, physiological and anatomical changes in root cells of germinating seeds and inhibits the root formation.
The animal feed application sector dominates the market since most corn grown worldwide is used to make livestock feed. Corn-based ingredients are nearly always one of the key ingredients in processed animal feed. It is one of the favored components for animal food producers because of the energy contribution and the content level (60-80 percent) and the minimal variability of its chemical makeup. Corn flour, cornmeal, hominy, grits, and sweet corn are all examples of corn products. It can be fed to hogs, poultry, and cattle to help them gain weight. The advantages of using corn-based ingredients in animal feed are numerous, including outcomes such as increased poultry egg output. It improves the quality of meat in other animals and aids in the production of milk in cows and lambs.
Market Geographical Share
North-America is expected to dominate the global corn-based ingredients market during the forecast period
Corn is the most common feed grain in the North America, accounting for more than 95 percent of total feed grain production and consumption. According to the USDA, corn is farmed on more than 90 million acres. The majority of the crop is used as the primary energy source in livestock feed. Corn is also used to make starch, sugars, corn oil, drinking and industrial alcohol, and fuel ethanol, among other foods and industrial items. With between 10% and 20% of its corn production sold to foreign nations, the United States is a prominent player in the global maize trading industry.
Additionally, North American people use corn syrup in a higher proportion because it substitutes sugar. The US government subsidizes corn, resulting in a surplus, making corn syrup a considerably more cost-effective sugar substitute. Although Brazil and Argentina contribute significantly to corn production, most of it is exported to other consuming countries. Due to rising demand from various application sectors, Asia Pacific is expected to have one of the quickest growth rates in the future years. The restructuring of China's vast corn sector has given market supply-side attitudes more traction. Corn-based sweeteners are becoming more widely used in soft drinks and other liquid beverages. The demand for processed non-alcoholic beverages has been considerable in India and other Southeast Asian countries, prompting corn-based sweeteners.
Source: DataM Intelligence Analysis (2022)
Market Major Players
The global corn-based ingredients market is fragmented, with many small players in the industry globally. Companies increase their product line and mix to cater to consumers' demands. Tate & Lyle PLC and Healthy Food Ingredients, LLC are two key companies in the corn-based ingredients market. SunOpta Inc. and Cargill Incorporated corn-based components are made by companies and utilized in cereals and baked goods. Sunopta, for example, makes corn-based components for baking, cereal, and snack applications. These corn-based components are non-GMO certified and of outstanding quality, meeting food manufacturers' growing demand for high-quality food. Cargill Incorporated produces corn-based products under the brand name Maizewise. This Maizewise comes in various flavors, including toasted and neutral corn. KALIZEA launched a new corn processing business in Romania in May 2018. KALIZEA is the second-largest corn processing company in Europe. This new plant, which is scheduled to produce 70,000 tonnes of maize by 2021, will expand the company's corn production capability.
COVID-19 Impact: Positive impact on the global corn-based ingredients market
The COVID-19 pandemic has positively impacted the global plant-based ingredient market. As a result of the COVID-19 pandemic, it encouraged most consumers to make shifting from animal-based ingredients to plant-based ingredients due to various health and environmental concerns. During this pandemic, the plant-based food sectors continued to grow better than before, as there are more consumers paying attention to health and well-being, strongly associated with rebalancing their diets toward more plant-based food. America’s corn refiners continued to produce industrial alcohol on a daily basis to meet orders for the production of hand sanitizers or other health-related sanitizing products. Doctors prescribe to patients contain corn products. Cornstarch is a key ingredient in cellulose acetate phthalate (CAP), which coats pills to ensure their structural integrity, ease of swallowing, & timed release of medicine inside.
Why Purchase the Report?
- Understand the current market scenario and viability of global corn-based ingredients over the forecast period
- Visualize the composition of the global corn-based ingredients market in terms of type and application to identify major players, growth potential, and market strategies
- Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
- Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market
What we offer?
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
- Excel data sheet with valuable data points of the global corn-based ingredients Market – Regional and Country level segmentation
- Product mapping in excel for the key products of all major market players
- Market Share Analysis covering business revenues ($) and revenue share (%) of key market players
The global corn-based ingredients market report would provide an access to approximately 45 market data tables, 45 figures and 180 pages
Target Audience
- Animal Feed Manufacturers
- Farming Communities
- Food and Beverage Companies
- Industry Investors
- Education & Research Institutes
- Research Professionals
