Global Corn Based Ingredients Market – Industry Trends and Forecast to 2029

Corn Based Ingredients Market Analysis and Size

Corn is a widely used ingredient in global coarse-grain, accounting for roughly three-quarters of total volume in recent years. The majority of corn is used in applications such as feed and industrial and food uses. Corn products in processed form are available, including flour, corn meal, and sweeteners.

Data Bridge Market Research analyses that the corn based ingredients market was valued at USD 1.97 billion in 2021 and is expected to reach the value of USD 3.21 billion by 2029, at a CAGR of 6.30% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Corn Based Ingredients Market Scope and Segmentation

Market Definition

Corn is used in the feed and food industries all over the world, both raw and processed. Corn based ingredients is a significant by product of corn. It is a powdered form of corn created through the drying process. It is a common staple food in many parts of the world. Corn based ingredients has high fibre content and provides healthy food nutrients in dietary based ingredients. It also contains important minerals like manganese, copper, zinc, phosphorus, magnesium, and iron.

Drivers

• The rise in the adoption of corn based products due to a shift in consumer preferences

The key factors driving global demand for corn-based ingredients are an increase in consumer demand for healthy food options and changing food consumption patterns. Furthermore, the rising consumer preference for a wholesome breakfast consisting of ready-to-eat food items is expected to boost the corn based ingredients market over the forecast period. Furthermore, shifting toward healthier foods to prevent cardiovascular disease and control blood sugar levels positively impacts the global corn-based ingredients market.

• The use of corn based ingredients as an innovation in food products as well rise in corn production

Individuals in households and restaurants use corn based ingredients as an innovative food coating. Furthermore, the increased demand for corn production due to the widespread use of corn based ingredients is expected to drive market growth. Furthermore, the adoption of new farming technologies, yield improvements, and land expansion are driving the growth of maize production in developing countries, which is fuelling market growth. A surge in the fast-food sector, adoption of Western culture, and rising disposable income are all contributing to market growth.

Opportunity

Food and beverage manufacturers are considering corn-based ingredients' health benefits and adding significant constituents to make products more delectable and nutritious. Aside from that, corn-based ingredients for disease prevention and health maintenance is expected to fuel a positive growth in terms of value during the forecast period. Baked goods typically use wheat flour; however, corn based ingredients, along with wheat flour, has a new healthy and delicious baking use; as a result, corn based ingredients demand is expected to rise.

Restraints

The high carbohydrate content of corn based ingredients limits product consumption. Furthermore, corn is difficult to digest and contains a high sugar and fat content, which may pose a significant challenge to market growth. Corn supply fluctuations, as well as dietary disadvantages, are impeding market growth.

This corn based ingredients market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the corn based ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Corn Based Ingredients Market

COVID-19 Pandemic is a worldwide pandemic that has affected many countries. It has wreaked havoc on the business and marketing fields. The supply chain was disrupted from one location to another due to transportation restrictions for export and import. Transport of raw materials such as corn and related items to industries is also restricted. As a result of a lack of raw materials and a lack of manpower, the manufacturing industries faced numerous challenges, leading to a shutdown. As a result, corn based ingredients production is delayed. Reduced production results in decreased demand for the product. However, as the number of Corona cases decreases and the lockdowns are lifted, the corn based ingredients market grows rapidly.

Recent Development

• Bunge Ltd, a US-based company, decided in January 2019 to acquire two corn mills from Grupo Minsa, S.A.B. de C.V. in the United States. This acquisition expands the company's product portfolio, which previously did not include masa pre-cooked cornbased ingredients.
• In September 2020, Empressa Polar, a well-known brand of precooked cornbased ingredients, launched a food truck to commemorate World Arepa Day in North America and raise consumer awareness about the nutritional benefits of cornbased ingredients. The food truck was on tour in the United States for five weeks in a row.
• McHargue's Mill, a popular Grist Mill, opened in June 2019 and manufactures cornbased ingredients for retail and B2B consumers in North Dakota. Despite the fact that it was built in 1806, it took a long time to open a service. This entrepreneur also specialises in producing organic cornbased ingredients that are free of preservatives.

Global Corn Based Ingredients Market Scope

The corn based ingredients market is segmented on the basis of type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Corn Starch
• Feed Ingredients
• Corn Germ Based ingredients
• Corn Gluten Based ingredients
• Corn Oil
• Fuel Ethanol
• DDGS

Application

• Animal Feed
• Processed Foods & Beverages
• Fuel (Ethanol)
• Others

Corn Based Ingredients Market Regional Analysis/Insights

The corn based ingredients market is analysed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the corn based ingredients market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

The North American corn market is the largest in the world. Popularity for corn based ingredients is increasing as a result of rising health consciousness and quality food consumption patterns in these regions' developed countries, which is contributing to the corn market's positive growth. The major corn shippers are the United States, China, Saudi Arabia, France, and India. Created trading channels and a preference for high-quality food are also propelling market growth in these countries.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Corn Based Ingredients Market Share Analysis

The corn based ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to corn based ingredients market.

Some of the major players operating in the corn based ingredients market are:

• The Kraft Heinz Company (U.S.)
• The Hain Celestial Group, Inc. (U.S.)
• General Mills, Inc. (U.S.)
• Kellogg Company (U.S.)
• Conagra Brands, Inc. (U.S.)
• Hero Group (Switzerland)
• Barilla G. e R. Fratelli S.p.A (Italy)
• Quinoa Corporation (U.S.)
• Freedom Foods Group Limited (Australia)
• Raisio plc (Finland)
• Dr. Schär AG/SPA (Italy)
• Enjoy Life Foods (U.S.)
• FARMO S.p.A. (Italy)
• London Food Corporation Limited (U.K.)

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