Corn Based Ingredients Market Scope
Corn Based Ingredients are known as the ingredients which are derived from the corn. There are a variety of Corn Based Ingredients, such as Ascorbic Acid, Baking Powder, Brown Sugar, Corn Meal, Corn Starch, Corn Syrup and many others. These types of ingredients make an appearance in nearly every single food category at the grocery store. Due to rising disposable income and growing knowledge related to health benefits the market of corn-based ingredients is increasing while some of the factors like low availability of particular ingredients in some of the backward regions, there is hampering causing in the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Tate & Lyle Plc. (United Kingdom), Healthy Food Ingredients (United States), Cargill (United States), SunOpta (Canada), Archer Daniels Midland (ADM) (United States), Ingredion Incorporated (United States), Roquette (France), ACH Food Companies Inc. (United States), GEA Group Aktiengesellschaft (Germany) and AVEBE (The Netherlands) |
CAGR | 20.3% |
Companies manufacture corn-based ingredients used in cereal and baking applications. For example Sunopta manufacture corn-based ingredients specifically for baking, cereal and snack applications. These corn-based ingredients are Non-GMO certified and superior quality ingredients that cater to the rising need for food manufacturers for high-quality food products. Cargill Incorporated manufactures corn-based ingredients named Maizewise. This Maizewise is available in various flavors that include toasted and neutral corn. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Corn Based Ingredients market throughout the predicted period.
Tate & Lyle Plc. (United Kingdom), Healthy Food Ingredients (United States), Cargill (United States), SunOpta (Canada), Archer Daniels Midland (ADM) (United States), Ingredion Incorporated (United States), Roquette (France), ACH Food Companies Inc. (United States), GEA Group Aktiengesellschaft (Germany) and AVEBE (The Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Sanwa Starch Co. Ltd. (United States), Zhucheng Xingmao (China) and Xiwang Group (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Corn Based Ingredients market by Type , by Application (Agriculture, Food and Others) and Region with country level break-up.
On the basis of geography, the market of Corn Based Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In
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.
“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.”
Influencing Trend:
Increasing Use in the Production of Bio fuels and Bio plastic
Market Growth Drivers:
Growth in Consumption of Popcorn in Multiplex Theatres and Increasing Population and the Growth of Disposable Income Among Consumers in Developing Economies
Challenges:
Fluctuations in Corn Prices World Widely and Issue Related To Uncertain Climatic Conditions
Restraints:
Availability of Substitutes in Market
Opportunities:
Penetration of Untapped Market in Emerging Economies and Introduction of Innovative Ingredients
Key Target Audience
Corn Based Ingredients Manufacturers, Corn Based Ingredients Distributors, Food Industries, Associations and Industrial Bodies, Potential Investors and Others