Corn is one of the mostly used ingredient of global coarse-grain which accounts for about three-quarters of total volume in recent years. Most of the corn that is used in applications such as feed and also in industrial and food uses. Corn products are available in the processed form which includes flour, corn meal, sweeteners.
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Corn Based Ingredients Segmentation
Global corn based ingredients market is segmented on the basis of type, application, and region. On the basis of type Corn Based Ingredients are segmented into vitamin C, baking Powder and brown sugar. Among all the sub-segments vitamin C is the leading segment followed by other types of Corn Based Ingredients. Vitamin C is anticipated to have maximum market share over the forecast period owing to the health benefits associated with the consumption of vitamin C. Based on the application global corn based ingredients segmentation includes popcorn, corn chips, corn flakes and corn meal. Among all the segments of the global corn based ingredients market, corn meal is anticipated to be the dominating segment, in terms of revenue contribution followed by the popcorn segment. Based on the region global corn based ingredients market is segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Middle East and Africa and Japan. Of which, North America is the expected to contribute maximum market share owing to the U.S. being the largest producer of the corn in the global corn ingredients market.
Corn Based Ingredients: Region-wise Outlook
The global corn based ingredients is expected to witness healthy growth over the forecast period owing to the health benefits associated with the consumption of corn based ingredients. Corn based ingredients contains various nutrients that are beneficial for the consumer health due to the presence of the protein, carbohydrates and also small amount of fat. Globally, among all regions, North America is expected to contribute highest market share due to the largest producer of corn is U.S., followed by Europe over the forecasted period owing the increasing demand for Corn Based Ingredients in the European countries. However, Asia Pacific is anticipated to witness highest growth.
However Asia Pacific is expected to witness highest growth owing to the rising number of health conscious consumers in the region coupled with the growing awareness among consumers related to the health benefits associated with the consumption of corn based ingredients.
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Corn Based Ingredients: Drivers
Major factors that are expected to propel the market growth of the corn based ingredients are increasing population coupled with the rising consumer awareness regarding the health benefits of the consumption of the corn based ingredients. However, major restraining factor that hinders the market growth of the corn based ingredients is the rising prices of the corn based ingredients coupled with the emergence of the various cereal based ingredients.
Corn Based Ingredients Market: Key Players
Key players operating in the corn based ingredients are Tate & Lyle PLC, Healthy Food Ingredients, LLC. Cargill Incorporated and SunOpta Inc.. 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 caters to rising need of food manufactures for high quality food products. Cargill Incorporated manufactures corn based ingredients named Maizewise. This Maizewise are available in various flavors that includes toasted and neutral corn.