Global Corn Based Ingredients Market by Type (Vitamin C, Baking Powder, Brown Sugar), By Application (Agriculture, Food, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
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
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
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
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.
Agriculture
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.
Food
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.
Growth Factors
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.
Report Scope
Report Attributes | Report Details |
Report Title | Corn Based Ingredients Market Research Report |
By Type | Vitamin C, Baking Powder, Brown Sugar |
By Application | Agriculture, Food, Others |
By Companies | Tate & Lyle, Healthy Food Ingredients, Cargill, SunOpta |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 205 |
Number of Tables & Figures | 144 |
Customization Available | 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.
Global Corn Based Ingredients Market Report Segments:
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:
- Tate & Lyle
- Healthy Food Ingredients
- Cargill
- SunOpta
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.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Corn Based Ingredients Market
Overview of the regional outlook of the Corn Based Ingredients Market:
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.
Highlights of The Corn Based Ingredients Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Corn Based Ingredients Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Vitamin C
2. Baking Powder
3. Brown Sugar
7. By Application:1. Agriculture
2. Food
3. Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Corn Based Ingredients Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Corn Based Ingredients Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Corn Based Ingredients Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Corn Based Ingredients Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Corn Based Ingredients Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Corn Based Ingredients Market Size & Forecast, 2018-2028
4.5.1 Corn Based Ingredients Market Size and Y-o-Y Growth
4.5.2 Corn Based Ingredients Market Absolute $ Opportunity
Chapter 5 Global Corn Based Ingredients Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Corn Based Ingredients Market Size Forecast by Type
5.2.1 Vitamin C
5.2.2 Baking Powder
5.2.3 Brown Sugar
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Corn Based Ingredients Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Corn Based Ingredients Market Size Forecast by Applications
6.2.1 Agriculture
6.2.2 Food
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Corn Based Ingredients Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Corn Based Ingredients Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Corn Based Ingredients Analysis and Forecast
9.1 Introduction
9.2 North America Corn Based Ingredients Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Corn Based Ingredients Market Size Forecast by Type
9.6.1 Vitamin C
9.6.2 Baking Powder
9.6.3 Brown Sugar
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Corn Based Ingredients Market Size Forecast by Applications
9.10.1 Agriculture
9.10.2 Food
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Corn Based Ingredients Analysis and Forecast
10.1 Introduction
10.2 Europe Corn Based Ingredients Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Corn Based Ingredients Market Size Forecast by Type
10.6.1 Vitamin C
10.6.2 Baking Powder
10.6.3 Brown Sugar
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Corn Based Ingredients Market Size Forecast by Applications
10.10.1 Agriculture
10.10.2 Food
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Corn Based Ingredients Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Corn Based Ingredients Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Corn Based Ingredients Market Size Forecast by Type
11.6.1 Vitamin C
11.6.2 Baking Powder
11.6.3 Brown Sugar
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Corn Based Ingredients Market Size Forecast by Applications
11.10.1 Agriculture
11.10.2 Food
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Corn Based Ingredients Analysis and Forecast
12.1 Introduction
12.2 Latin America Corn Based Ingredients Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Corn Based Ingredients Market Size Forecast by Type
12.6.1 Vitamin C
12.6.2 Baking Powder
12.6.3 Brown Sugar
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Corn Based Ingredients Market Size Forecast by Applications
12.10.1 Agriculture
12.10.2 Food
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Corn Based Ingredients Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Corn Based Ingredients Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Corn Based Ingredients Market Size Forecast by Type
13.6.1 Vitamin C
13.6.2 Baking Powder
13.6.3 Brown Sugar
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Corn Based Ingredients Market Size Forecast by Applications
13.10.1 Agriculture
13.10.2 Food
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Corn Based Ingredients Market: Competitive Dashboard
14.2 Global Corn Based Ingredients Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tate & Lyle
14.3.2 Healthy Food Ingredients
14.3.3 Cargill
14.3.4 SunOpta