“FDA regulates the safety of food for humans and animals, including foods produced from genetically engineered (GE) plants. Foods from GE plants must meet the same food safety requirements as foods derived from traditionally bred plants. While genetic engineering is sometimes referred to as “genetic modification” producing “genetically modified organisms (GMOs),” FDA considers “genetic engineering” to be the more precise term. FDA enforces the U.S. food safety laws that prohibit unsafe food. GE plants must meet the same legal requirements that apply to all food. To help ensure that firms are meeting their obligation to market only safe and lawful foods, FDA encourages developers of GE plants to consult with the agency before marketing their products.”
The article cited AMA's "Global Corn Based Ingredients Market Study" explored CAGR of 20.3%. According to the report, Increasing Use in the Production of Bio fuels and Bio plastic is one of the primary growth factors for the market. Growth in Consumption of Popcorn in Multiplex Theatres
is also expected to contribute significantly to the Corn Based Ingredients market. Overall, Agriculture
applications of Corn Based Ingredients, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End User, such as Animal Feed, is boosting the Corn Based Ingredients market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Corn Based Ingredients market identified that the demand is rising in many different parts of the world as "Penetration of Untapped Market in Emerging Economies
". Furthermore, some recent industry insights like "In July 2018, Ingredion launched new organic-certified corn starch ingredients in the company’s existing product portfolio of functional, clean-label starches. The company launched these products to meet the rising demand for pure, natural and clean label food ingredients." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Corn Based Ingredients market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Corn Based Ingredients market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Corn Based Ingredients market size is calculated using market estimation process, the Corn Based Ingredients market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Corn Based Ingredients market size has been validated using both top-down and bottom-up approaches.