Roasted Corn Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The market for roasted corn is anticipated to grow significantly in the coming years.With a market value expected to reach $3.33 billion in 2024 and $4.80 billion by 2031, this growth is driven by a compound annual growth rate (CAGR) of 5.40%. The increasing demand for roasted corn products, especially in the food and animal feed industries, is driving this growth. Roasted corn, known for its rich nutritional content and ease of digestion, is gaining popularity among health-conscious consumers and manufacturers.

Roasted Corn Consumption Analysis

In the past few years, the global roasted corn market has seen substantial growth. Consumers are increasingly opting for roasted corn flakes due to their high fiber, vitamin, and mineral content. These flakes are low in cholesterol and fat, making them an ideal snack for health-conscious individuals. Manufacturers are also enhancing the nutritional value and taste of roasted corn flakes by adding almonds, cashews, and other dry fruits, making them popular across all age groups.

Key Trends in the Roasted Corn Market

Rising Demand from Bakery Producers

The use of roasted corn in bakery products is on the rise. These products are gaining traction due to their fine texture and flavor, appealing to health-conscious consumers. The shift in consumer eating habits is prompting bakery manufacturers to incorporate roasted corn into their products, thus driving market growth. For instance, Pavilions, a U.K.-based bakery manufacturer, offers roasted cornbread made entirely from roasted corn dough.

Emerging Trend in the Animal Feed Industry

Roasted corn is also becoming a preferred choice in the animal feed industry. It offers several benefits, such as enhancing nutrient levels, improving digestibility, transforming saturated fat into unsaturated fat, preserving lecithin, and increasing palatability. These benefits promote the healthy growth of livestock, poultry, and other animals. The ability of roasting to remove mold spores and reduce toxin levels makes roasted corn a valuable addition to animal feed, thereby boosting its demand in this industry.

Increasing Popularity of Roasted Corn Snacks

The growing trend of healthier snacking is significantly impacting the roasted corn market. Consumers are increasingly favoring roasted corn for its rich nutrient content and enhanced flavor. Manufacturers are responding to this demand by producing a variety of roasted corn snacks, including flavored options such as honey, ranch, and salted. SunOpta, for example, offers a range of roasted corn snacks in different flavors.

Growing Popularity of Multigrain Products

The demand for nutritious and affordable snack foods is driving the popularity of multigrain products. These products, which combine different grains and cereals, offer high nutritional value, including significant amounts of fiber and protein. This nutritional profile helps reduce the risk of heart ailments, obesity, and other diseases. The increasing consumer preference for healthy snacks is boosting the market for roasted multigrain products, such as chips and flours.

Use in Snacks & Convenience Food

Roasted corn is widely used in snacks and convenience foods due to its ability to enhance the taste and nutritional value of these products. It pairs well with various snack and convenience food menus and is consumed directly in some countries. The process of roasting corn improves its digestibility, transforms saturated fat into unsaturated fat, and increases starch levels in snacks and convenience foods, driving its demand in this sector.

Challenges Due to High Prices

The process of roasting grains involves multiple steps, which increases the cost of the final products. This can lead to higher prices for roasted grain snacks, baking products, and other end-use items. Some manufacturers may opt for non-roasted grain ingredients to cut costs, which can limit the growth of the roasted grain ingredients market.

Regional Insights

High Growth Regions for Roasted Corn

North America and Latin America are leading the global roasted corn market, accounting for a significant share of production and consumption. The increasing number of vegans in North America and the growing feed industry in both regions are major factors driving market growth.

Outlook for the Asia Pacific Market

East Asia and South Asia are expected to witness substantial growth in the roasted corn market. The trend of adopting a vegan lifestyle is gaining momentum in these regions, which is anticipated to drive the market for roasted corn in emerging economies.

Segmental Breakdown of the Roasted Corn Market

By Nature

The roasted corn market is segmented into organic and conventional categories, based on the farming methods used.

By Form

Roasted corn is available in three forms: whole, splits, and flour.

By End Use

The market is further segmented by end use into beverages, bakery, snacks & convenience food, animal feed, and other categories, including dairy, confectionery, and meat products.

Growth Prospects for Nature and Form Segments

The conventional segment is projected to hold the highest share in the roasted corn market. The whole roasted corn segment is expected to register significant growth during the forecast period.

Competitive Analysis

Key players in the global roasted corn market are focusing on expanding their presence in Europe, Asia Pacific, and the Middle East and Africa. Companies are increasing their organic product portfolios to meet the rising demand for organic roasted corn products. Clean label, gluten-free, and non-GMO products are also gaining popularity among consumers.

Notable Players

• SunOpta Inc.
• N. L. Food Industries
• Laxcorn
• Barberá Snacks SL
• Vaishnav Food Products
• Nenimemi Foods Pvt Ltd
• Del Monte Food, Inc.
• H.J. Heinz Company Brands LLC
• AIM Biscuits
• Sergio
• Fresh Nuts GmbH
• Inka Crops, Inc.
• Brown Tree
• Vega Foods Corp. Private Limited
• The Naked Nut

Company Initiatives

• Barberá Snacks SL: Focuses on providing high-quality, natural products by collaborating with farmers to ensure the best raw materials.
• Vaishnav Food Products: Markets its naturally sourced grains and pulses as FMCG products.
• Nenimemi Foods Pvt. Ltd.: Ensures product quality and authenticity with ISO 22000 & HACCP certifications.
• H.J. Heinz Company Brands LLC: Emphasizes innovation, quality, safety, and service, with a focus on expanding its organic roasted corn product line.

Roasted Corn Industry Research by Category

By Nature

• Organic
• Conventional

By Form

• Whole
• Splits
• Flour

By End Use

• Beverages
• Bakery
• Snacks & Convenience Food
• Animal Feed
• Others

By Region

• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa

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