The global corn-based ingredients market size is expected to grow from USD 1.54 billion in 2017 to USD 2.29 billion by 2028, at a CAGR of 5.1%. The growth can be attributed to the rising consumer demand for healthier products and increasing awareness about food safety issues among consumers globally that are driving the demand for corn-based ingredients such as vitamin C, baking powder, brown sugar, etc., which are less allergenic than other sources of these nutrients like wheat or soybean-based ingredients. Moreover, with an increasing number of consumers opting for organic foods over conventionally grown ones due to health benefits associated with them, there has been a growing trend towards using organic versions of corn-based ingredients such as baking powder, brown sugar, etc.
Corn-based ingredients are food ingredients that use corn as the raw material. Corn is a high-quality natural substance that can be applied to many fields, such as agriculture, livestock, and poultry feed industries or the biofuel manufacturing industry. But it has first been used for human consumption in ancient China 6000 years ago while today's corn-derived products have spread all over the world.
On the basis of type, the global corn-based ingredients market is segmented into vitamin C, baking powder, and brown sugar.
Vitamin C is a kind of white crystalline substance with water-soluble property which can be used as an additive in acid foods such as dried fruit snacks or yogurt drinks to prevent them from turning grey due to oxidation. The other function of vitamin C is to prevent the deterioration of food by preventing lipid oxidation and color change.
Baking powder, as one kind of chemical leavening agent used in the baking industry, can replace yeast or eggs due to its quick reaction with heat. It has a role in reducing moisture content in products such as bread and cakes. Baking powder consists of a combination of baking soda, cream of tartar, and/or cornstarch. The acid reacts with the alkaline to produce carbon dioxide gas, which causes baked goods such as cakes or biscuits to rise quickly during cooking. Baking powders may also contain erythritol for sweetness; sodium stearoyl lactylate (SSL) for better browning control; monocalcium phosphate (MCP), dicalcium phosphate dihydrate (DPD), tricalcium phosphate anhydrous (TCP) stabilizers; calcium sulfate dehydrate for yeast-proofing purposes, and other minor ingredients.
Brown sugar is a type of cane or beet sugar, which has been processed and then mixed with an unrefined form of molasses. This sweetener can be used in both cooking as well as baking. Brown sugars are also often added to coffee, tea, hot chocolate, and other beverages for additional sweetness. Brown sugar can also be used to produce edible sweeteners in the food industry due to its cheap price and high quality compared with regular cane sugars like sucrose.
On the basis of application, the global corn-based ingredients market is segmented into agriculture, food, and others.
The agricultural application of corn-based ingredients is mainly for livestock feeds. The initial step in the process involves grinding and conditioning the different types of grain to meet expectations, such as quality or size before it can be mixed with other grains like soybean meal or linseed cake. In this case, a wide range of products is created that go on to provide nourishment for various animals at different stages of life.
Many food products use corn-based ingredients to make their recipes more nutritious, appetizing, and cost-effective. For example, the protein content in baked goods can be improved with a small amount of baking powder containing both calcium phosphate and monocalcium phosphate; many processed foods are made from dough that is triggered by adding bakers yeast which converts sugars into carbon dioxide gas bubbles; brown sugar adds sweetness plus nutrients such as iron, copper, and zinc while vitamin C helps preserve fruits and vegetables for up to two years.
On the basis of region, the global corn-based ingredients market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is the largest market for corn-based ingredients as it accounted for a share of more than 36% in 2017 owing to high demand from the agriculture industry while Europe is projected to witness phenomenal growth during the forecast period due to stringent regulations on sugar content across different countries.
The global corn-based ingredients market is experiencing a steady growth in the near future mainly due to an increase in demand for corn-based products. Consumers are shifting their preference from animal-sourced food items to plant-sourced ones, which has led to increased consumption of processed foods that contain corn-based ingredients such as sugars and oils. The growing population base also drives this industry’s revenue generation owing to its nutritional value. Rising awareness about different health benefits offered by these ingredients will positively affect product adoption rates globally.
Diet plans to comprise more plants than meat have been gaining popularity over time because they offer significant advantages related to weight management, reduced risk of cardiovascular diseases & cancer among other ailments like diabetes and high cholesterol level.
Many consumers are opting for plant-based food items in the growing global economy owing to their nutritional value. As emerging nations like China and India embrace a more westernized diet, demand from this region is increasing as well with respect to corn-based ingredients such as sugar & oils that provide nutritional benefits. The rising population base also drives revenue generation due to its high nutritive content. Rising awareness about different health benefits offered by these products will positively affect product adoption rates globally over time.
Up Market Research published a new report titled “Corn Based Ingredients Market research report which is segmented by Types (Vitamin C, Baking Powder, Brown Sugar), By Applications (Agriculture, Food, Others), By Players/Companies Tate & Lyle, Healthy Food Ingredients, Cargill, SunOpta”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Corn Based Ingredients Market Research Report
|Vitamin C, Baking Powder, Brown Sugar
|Agriculture, Food, Others
|Tate & Lyle, Healthy Food Ingredients, Cargill, SunOpta
|North America, Europe, APAC, Latin America, MEA
|2018 to 2019 (Data from 2010 can be provided as per availability)
|Number of Pages
|Number of Tables & Figures
|Yes, the report can be customized as per your need.
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Vitamin C, Baking Powder, Brown Sugar and By Application Agriculture, Food, Others.
Some of the companies that are profiled in this report are:
Corn Based Ingredients Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Corn Based Ingredients Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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