The corn hydrolysate market size was valued at $225.0 million in 2021, and is projected to reach $378.32 million by 2031, registering a CAGR of 5.6% from 2022 to 2031.
The corn hydrolysate is meant to provide the natural protein which is generally obtained by the alkaline, acidic and enzymatic hydrolysis of corn. Such type of protein is primarily composed of peptides, and acids. Corn hydrolysates are generally used for flavoring the meat products in combination with soy protein. The main function of corn hydrolysate is to provide different flavors of umami in the processed food such as chilis, meat product, soups, sausage, spices mixture gravies, frozen meals, side dishes and different other food products.
The major factors that drive the growth of the corn hydrolysate market is rise in awareness for the clean label ingredient such as corn hydrolysate. In addition, increase in trend for vegan food among the consumers results in the shifting of the preference of consumers to corn hydrolysate-based products will also boost the market growth. Moreover, corn hydrolysate protein is a source of safe, natural and vegetarian ingredient for different food dishes and also displays properties like good solubility in mixture and stability toward heat. Furthermore, corn hydrolysate is also used as substitute to synthetic sourced monosodium glutamate (MSG) ingredients that is widely used in production of noodles, soups, and other food products, thus owing to consumer awareness regarding ill effect of MSG consumer are turning towards natural ingredient such as corn hydrolysate. ). Corn hydrolysate is generally used in making of processed food, bakery products, fragmented food and savory snacks like pizza base, biscuits, cakes, sauces, noodles, soups and instant snacks.
Moreover, corn hydrolysate is available in different certifications like kosher, halal, vegan gluten-free. In addition, increase in consumers inclination toward their health and wellness make them opt for clean label ingredients such as corn hydrolysate-based products. Inclusion of corn hydrolysate-based diet in the daily routine helps the consumer in weight management, decreases the risk of heart diseases, prevents diabetes, and helps in treatment of other diseases. The approval by Food and Drug authorities, to use corn hydrolysate as flavor enhancer is also expected to boost the market demand during the forecast period.
There is a rise in popularity of corn hydrolysate among the cosmetic manufacturers owing to corn hydrolysate which offers strong moisture binding properties and comprises of amino acids and peptides which ultimately helps in nourishing the texture and repairs the skin. It also has different biological activities such as antioxidant, antibacterial, anti-hypertensive and antibiotic potential which makes consumer to move toward plant-based corn hydrolysate and boost market demand.
Moreover, at time of COVID-19 pandemic, it was observed that almost all the sectors of the economy were adversely affected worldwide, and the corn hydrolysate market witnessed the same adverse effects due to the complete lockdown and the closure of the cosmetic and food industry. There is an improvement in the conditions with time and almost all the sectors of the economy resumed their operations after the upliftment of the restrictions due to COVID-19. Thus, the upliftment of the restrictions also led to movement of raw material thus helping the food manufacturing industries to slowly increase the rate of production and is going to have positive impact during the forecast period. during the forecast period.
In addition, the increase in demand for the nutritional food products coupled with the increase in inclination of the consumers toward health and wellness made them to opt corn hydrolysate in their diet routine which ultimately takes care of their skin, hair and helps in prevention of major diseases. Such factors, thus, are anticipated to make a positive impact on the market during the forecast period.
The market in North America dominates the global corn hydrolysate market due to the rise in demand for the packaged food, and other bakery products in the U. S. and Canada, leading to increase in the production of corn hydrolysate. Moreover, the increase in population, rise in demand for processed food products and the consumers preference for natural ingredients make a positive impact on the market. In addition, corn hydrolysate properties such as moisturizing has made a positive impact on cosmetic products industry.
Higher demand for the corn hydrolysate among consumer, presence of large number of manufacturers, change in food consumption pattern of the consumers, and increase in demand for vegan in the region are the factors impacting the growth of the market in Germany and France. However, growth in availability of chemically produced cheap alternatives to the corn hydrolysate is anticipated to hamper the market growth in the upcoming future.
The corn hydrolysate market is segmented into application, form, end user, and region. On the basis of application, the market is bifurcated into, nutritional ingredient, and taste enhancer. On the basis of form, the market is bifurcated into, powder, and syrup. On the basis of end user, the market is categorized into pharmaceutical industry, nutraceutical industry, and food & beverage industry. On the basis of region, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, The Netherlands, Switzerland, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Thailand and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East & Africa).
The corn hydrolysate is meant to provide the natural protein which is generally obtained by the alkaline, acidic and enzymatic hydrolysis of corn. Such type of protein is primarily composed of peptides, and acids. Corn hydrolysates are generally used for flavoring the meat products in combination with soy protein. The main function of corn hydrolysate is to provide different flavors of umami in the processed food such as chilis, meat product, soups, sausage, spices mixture gravies, frozen meals, side dishes and different other food products.
The major factors that drive the growth of the corn hydrolysate market is rise in awareness for the clean label ingredient such as corn hydrolysate. In addition, increase in trend for vegan food among the consumers results in the shifting of the preference of consumers to corn hydrolysate-based products will also boost the market growth. Moreover, corn hydrolysate protein is a source of safe, natural and vegetarian ingredient for different food dishes and also displays properties like good solubility in mixture and stability toward heat. Furthermore, corn hydrolysate is also used as substitute to synthetic sourced monosodium glutamate (MSG) ingredients that is widely used in production of noodles, soups, and other food products, thus owing to consumer awareness regarding ill effect of MSG consumer are turning towards natural ingredient such as corn hydrolysate. ). Corn hydrolysate is generally used in making of processed food, bakery products, fragmented food and savory snacks like pizza base, biscuits, cakes, sauces, noodles, soups and instant snacks.
Moreover, corn hydrolysate is available in different certifications like kosher, halal, vegan gluten-free. In addition, increase in consumers inclination toward their health and wellness make them opt for clean label ingredients such as corn hydrolysate-based products. Inclusion of corn hydrolysate-based diet in the daily routine helps the consumer in weight management, decreases the risk of heart diseases, prevents diabetes, and helps in treatment of other diseases. The approval by Food and Drug authorities, to use corn hydrolysate as flavor enhancer is also expected to boost the market demand during the forecast period.
There is a rise in popularity of corn hydrolysate among the cosmetic manufacturers owing to corn hydrolysate which offers strong moisture binding properties and comprises of amino acids and peptides which ultimately helps in nourishing the texture and repairs the skin. It also has different biological activities such as antioxidant, antibacterial, anti-hypertensive and antibiotic potential which makes consumer to move toward plant-based corn hydrolysate and boost market demand.
Moreover, at time of COVID-19 pandemic, it was observed that almost all the sectors of the economy were adversely affected worldwide, and the corn hydrolysate market witnessed the same adverse effects due to the complete lockdown and the closure of the cosmetic and food industry. There is an improvement in the conditions with time and almost all the sectors of the economy resumed their operations after the upliftment of the restrictions due to COVID-19. Thus, the upliftment of the restrictions also led to movement of raw material thus helping the food manufacturing industries to slowly increase the rate of production and is going to have positive impact during the forecast period. during the forecast period.
In addition, the increase in demand for the nutritional food products coupled with the increase in inclination of the consumers toward health and wellness made them to opt corn hydrolysate in their diet routine which ultimately takes care of their skin, hair and helps in prevention of major diseases. Such factors, thus, are anticipated to make a positive impact on the market during the forecast period.
The market in North America dominates the global corn hydrolysate market due to the rise in demand for the packaged food, and other bakery products in the U. S. and Canada, leading to increase in the production of corn hydrolysate. Moreover, the increase in population, rise in demand for processed food products and the consumers preference for natural ingredients make a positive impact on the market. In addition, corn hydrolysate properties such as moisturizing has made a positive impact on cosmetic products industry.
Higher demand for the corn hydrolysate among consumer, presence of large number of manufacturers, change in food consumption pattern of the consumers, and increase in demand for vegan in the region are the factors impacting the growth of the market in Germany and France. However, growth in availability of chemically produced cheap alternatives to the corn hydrolysate is anticipated to hamper the market growth in the upcoming future.
The corn hydrolysate market is segmented into application, form, end user, and region. On the basis of application, the market is bifurcated into, nutritional ingredient, and taste enhancer. On the basis of form, the market is bifurcated into, powder, and syrup. On the basis of end user, the market is categorized into pharmaceutical industry, nutraceutical industry, and food & beverage industry. On the basis of region, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, The Netherlands, Switzerland, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Thailand and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East & Africa).
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the corn hydrolysate market analysis from 2021 to 2031 to identify the prevailing corn hydrolysate market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the corn hydrolysate market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global corn hydrolysate market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Nutritional ingredient
- Test enhancer
By Form
- Powder
- Syrup
By End user
- Pharmaceutical industry
- Nutraceutical industry
- Food and beverage industry
- Type
- Bakery and Confectionery
- Savory Snacks
- Convenience Foods
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Spain
- The Netherlands
- Switzerland
- Rest Of Europe
- UK
- Italy
- Germany
- France
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Thailand
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Archer Daniels Midland Company
- Tate & Lyle
- Sensient Technologies
- Döhler GmbH
- Exter b. v.
- Cargill, Inc.
- Ingredients Inc.
- Givaudan
- Kerry Group Plc
- CRESCENT BIOTECH
- Parchem Fine & Specialty Chemicals.
- ETChem
- Roquette Freres
- Environmental Working Group
- Innova Flavors
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: CORN HYDROLYSATE MARKET, BY APPLICATION
4.1 Overview
4.1.1 Market size and forecast
4.2 Nutritional ingredient
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Test enhancer
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: CORN HYDROLYSATE MARKET, BY FORM
5.1 Overview
5.1.1 Market size and forecast
5.2 Powder
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Syrup
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: CORN HYDROLYSATE MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Pharmaceutical industry
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Nutraceutical industry
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Food and beverage industry
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.4.4 Food and beverage industry Corn hydrolysate Market by Type
6.4.4.1 Bakery and Confectionery Market size and forecast, by region
6.4.4.2 Savory Snacks Market size and forecast, by region
6.4.4.3 Convenience Foods Market size and forecast, by region
6.4.4.4 Others Market size and forecast, by region
CHAPTER 7: CORN HYDROLYSATE MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Application
7.2.3 North America Market size and forecast, by Form
7.2.4 North America Market size and forecast, by End user
7.2.4.1 North America Food and beverage industry Corn hydrolysate Market by Type
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Application
7.2.5.1.2 Market size and forecast, by Form
7.2.5.1.3 Market size and forecast, by End user
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Application
7.2.5.2.2 Market size and forecast, by Form
7.2.5.2.3 Market size and forecast, by End user
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Application
7.2.5.3.2 Market size and forecast, by Form
7.2.5.3.3 Market size and forecast, by End user
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Application
7.3.3 Europe Market size and forecast, by Form
7.3.4 Europe Market size and forecast, by End user
7.3.4.1 Europe Food and beverage industry Corn hydrolysate Market by Type
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Market size and forecast, by Application
7.3.5.1.2 Market size and forecast, by Form
7.3.5.1.3 Market size and forecast, by End user
7.3.5.2 Italy
7.3.5.2.1 Market size and forecast, by Application
7.3.5.2.2 Market size and forecast, by Form
7.3.5.2.3 Market size and forecast, by End user
7.3.5.3 Germany
7.3.5.3.1 Market size and forecast, by Application
7.3.5.3.2 Market size and forecast, by Form
7.3.5.3.3 Market size and forecast, by End user
7.3.5.4 France
7.3.5.4.1 Market size and forecast, by Application
7.3.5.4.2 Market size and forecast, by Form
7.3.5.4.3 Market size and forecast, by End user
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Application
7.3.5.5.2 Market size and forecast, by Form
7.3.5.5.3 Market size and forecast, by End user
7.3.5.6 The Netherlands
7.3.5.6.1 Market size and forecast, by Application
7.3.5.6.2 Market size and forecast, by Form
7.3.5.6.3 Market size and forecast, by End user
7.3.5.7 Switzerland
7.3.5.7.1 Market size and forecast, by Application
7.3.5.7.2 Market size and forecast, by Form
7.3.5.7.3 Market size and forecast, by End user
7.3.5.8 Rest of Europe
7.3.5.8.1 Market size and forecast, by Application
7.3.5.8.2 Market size and forecast, by Form
7.3.5.8.3 Market size and forecast, by End user
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Application
7.4.3 Asia-Pacific Market size and forecast, by Form
7.4.4 Asia-Pacific Market size and forecast, by End user
7.4.4.1 Asia-Pacific Food and beverage industry Corn hydrolysate Market by Type
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Application
7.4.5.1.2 Market size and forecast, by Form
7.4.5.1.3 Market size and forecast, by End user
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Application
7.4.5.2.2 Market size and forecast, by Form
7.4.5.2.3 Market size and forecast, by End user
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Application
7.4.5.3.2 Market size and forecast, by Form
7.4.5.3.3 Market size and forecast, by End user
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Application
7.4.5.4.2 Market size and forecast, by Form
7.4.5.4.3 Market size and forecast, by End user
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Application
7.4.5.5.2 Market size and forecast, by Form
7.4.5.5.3 Market size and forecast, by End user
7.4.5.6 Indonesia
7.4.5.6.1 Market size and forecast, by Application
7.4.5.6.2 Market size and forecast, by Form
7.4.5.6.3 Market size and forecast, by End user
7.4.5.7 Thailand
7.4.5.7.1 Market size and forecast, by Application
7.4.5.7.2 Market size and forecast, by Form
7.4.5.7.3 Market size and forecast, by End user
7.4.5.8 Rest of Asia-Pacific
7.4.5.8.1 Market size and forecast, by Application
7.4.5.8.2 Market size and forecast, by Form
7.4.5.8.3 Market size and forecast, by End user
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Application
7.5.3 LAMEA Market size and forecast, by Form
7.5.4 LAMEA Market size and forecast, by End user
7.5.4.1 LAMEA Food and beverage industry Corn hydrolysate Market by Type
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Application
7.5.5.1.2 Market size and forecast, by Form
7.5.5.1.3 Market size and forecast, by End user
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Application
7.5.5.2.2 Market size and forecast, by Form
7.5.5.2.3 Market size and forecast, by End user
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Application
7.5.5.3.2 Market size and forecast, by Form
7.5.5.3.3 Market size and forecast, by End user
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Archer Daniels Midland Company
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Tate & Lyle
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Sensient Technologies
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Döhler GmbH
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 exter b. v.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Cargill, Inc.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Ingredients Inc.
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Givaudan
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Kerry Group Plc
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 CRESCENT BIOTECH
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Parchem fine & specialty chemicals.
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 ETChem
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Roquette Freres
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Environmental Working Group
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 innova flavors
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Corn hydrolysate Market,' the Corn hydrolysate Market Size was valued at $225.00 million in 2021, and is estimated to reach $378.3 million by 2031, growing at a CAGR of 5.6% from 2022 to 2031.Corn hydrolysate is meant to provide the natural protein which is generally obtained by the hydrolysis of corn. Such type of proteins is primarily composed of peptides and acids. It is generally used for flavoring meat, bakery, and beverage products in combination with soy protein. The main function of corn hydrolysate is to provide different flavors of umami in processed food such as chilis, meat products, soups, sausage, spices mixture gravies, frozen meals, side dishes, and other food products. In addition, it is also used in beverages to increase their nutritional value, as it contains amino acids, protein, and other nutrients that are easily absorbed by the body.
Many key players and companies throughout the world are coming up with various new formulations and products in the Corn hydrolysate Market Size to cater to the increase in demand of clean label ingredients such as corn hydrolysate in food products.
The major factors that drive the growth of the Corn hydrolysate Market Trends are rise awareness for plant-based proteins, and an increase in the trend for vegan among the consumers which results in the shifting of the consumer preference to plant-based proteins rather than animal protein. Moreover, corn hydrolysate protein is a source of safe, natural and clean label ingredient that can be used in various food products owing to its properties such as stability on mixing, and good stability toward heat.
Furthermore, it is an ideal substitute of monosodium glutamate (MSG) ingredients, termed as toxic food ingredient by FDA (Food and Drug Administration). Use of corn hydrolysate as a substitute for to MSG is thus anticipated to play a vital role in the market Corn hydrolysate Market Growth.
In addition, corn hydrolysate is available in different certifications like kosher, halal, vegan gluten-free. Also, the increase in inclination of the consumers toward their healthy lifestyle and clean-label ingredients has made consumer to use corn hydrolysate in various food products. Consumption of corn hydrolysate food products in the daily routine helps the consumer in weight management, decreases the risk of heart diseases, and prevents diabetes, and other diseases. The approval by food and drug authorities to use corn hydrolysate as a flavor enhancer owing to the fact its long shelf life of 2 years, and nutrient value is expected to have a positive impact on the market during the Corn hydrolysate Market Forecast period.
At the time of the COVID-19 pandemic, it was observed that almost all the sectors of the economy were adversely affected worldwide, and the Corn hydrolysate Market Analysis has witnessed the same adverse effects due to the complete lockdown and the closure of the nutraceutical industry, cosmetic industry and the food industry. There is an improvement in the conditions with time and almost all the sectors of the economy resumed their operations after the upliftment of the restrictions due to COVID-19.
Moreover, there is an improvement in situations among food manufacturing industries due to the availability of raw materials which ultimately helps the industry to increase production and is anticipated to have a positive impact on the market. Furthermore, the increase in demand for nutritional food products coupled with the increase in inclination of consumers toward health and wellness made them opt for corn hydrolysate products which ultimately take care of their skin, and hair and help in the prevention of measure diseases to take place which make a positive impact on the market.
The corn hydrolysate market is expected to witness significant growth, owing to growth in awareness of plant-based proteins. In addition, an increase in the trend for vegans among consumers, which results in the shifting the consumer preference to plant-based proteins rather than animal protein is also expected to boost the market growth. Moreover, corn hydrolysate protein is a source of safe, natural, and vegetarian ingredients for different food products. Furthermore, it can be used to substitute monosodium glutamate (MSG) ingredients. Corn hydrolysate, thus, has great market potential as MSG is used in high volume in packaged food and the bakery industry. Flavor and preferences of the consumer are the key attraction for the leading market players with huge investments in the industry due to the rise in the Corn hydrolysate Market Demand market for effective taste. The manufacturers adopt new strategies to expand their operations in the market which are new product launches and product innovations. The new launches are anticipated to help the manufacturers to fulfill the need of their customers and ensure better market coverage. Furthermore, an increase in R&D efforts in the corn hydrolysate industry makes a positive impact on the market. Some of the key players in the Corn hydrolysate industry include - ADM, Tate & Lyle PLC, Sensient Technologies, Döhler GmbH, Exter B.V., Cargill, Ingredients Inc., Givaudan SA, Kerry Group Plc, Crescent Biotech Parchem, et-chem, Roquette Frères, Gaoyuan, and EWG Skin deep.
Key Findings of Study
By application, the test enhancer, segment dominated the global market in 2021, and is expected to retain its dominance throughout the market Corn hydrolysate Market Opportunity.By form, the syrup segment accounted for a major Corn hydrolysate Market Share in the corn hydrolysate market in 2021 and is expected to grow at a significant CAGR during the corn hydrolysate forecast period.
By end user, the food and beverage industry segment accounted for a major share of the market in 2021 and is expected to grow at a significant CAGR during the forecast period.
By region, North America accounted for highest market share in 2021 and is expected to grow at a significant CAGR during the forecast period.
Companies Mentioned
- Archer Daniels Midland Company
- Tate & Lyle
- Sensient Technologies
- Döhler GmbH
- Exter B.V.
- Cargill, Inc.
- Ingredients Inc.
- Givaudan
- Kerry Group PLC
- Crescent Biotech
- Parchem Fine & Specialty Chemicals.
- Etchem
- Roquette Freres
- Environmental Working Group
- Innova Flavors
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 280 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 225 million |
| Forecasted Market Value ( USD | $ 378.32 million |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
