Corn Hydrolysate Market Research, 2031
The global Corn hydrolysate Market Size was at $225 million in 2021, and is projected to reach $378.3 million by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
The corn hydrolysate market is segmented into Application, Form and End user.
Corn hydrolysate is meant to provide natural protein which is generally obtained by the hydrolysis of corn or maize. Corn hydrolysate is primarily composed of peptides, acids, and proteins that can be used as an ingredient, and flavor enhancer in various food products. Corn hydrolysate is generally used for flavoring meat products in combination with soy protein. The main function of corn hydrolysate is to provide different flavors of umami in processed foods such as chilis, meat products, 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 Size include a rise in awareness for clean label ingredients and an increase in the trend for vegans among consumers resulting in the shifting of the consumer preference to corn hydrolysate rather than chemical-derived ingredients. Moreover, corn hydrolysate protein is a source of safe, natural, and vegetarian ingredients for different food dishes and also displays properties like good solubility in the mixture and good stability toward heat. Furthermore, it is an ideal substitute for monosodium glutamate (MSG) ingredients which are used for the preparation of food products and is termed a toxic food ingredient by the Food and Drug Administration (FDA). It is generally used in the making of processed food products, pharmaceutical products, nutraceutical products, the feed industry, and the cosmetic industry. Corn hydrolysate is generally used for flavoring meat products in combination with soy protein. The main function of corn hydrolysate is to provide different flavors of umami in processed food such as chili, meat products, 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 are due to growing awareness for clean ingredients and the increasing trend for vegans among consumers resulting in the shift of the manufacturer toward corn hydrolysate. In addition, corn hydrolysate is used in making processed food, bakery products, fragmented food and savory snacks such as pizza base, biscuits, cakes, sauces, noodles, soups and instant snacks to provide such food products with exotic flavors and increasing demand for such type of food is making a positive impact on the market. Corn hydrolysate-based skin and hair care products have strong moisture-binding properties and comprise amino acids and peptides, which ultimately help in nourishing the texture and also repair the skin. Thus, cosmetic products with naturally sourced ingredients are highly in demand among consumers. In addition, corn hydrolysate products offer properties such as antioxidant, antibacterial, anti-hypertensive, and antibiotic potential which makes the consumer move toward plant-based corn hydrolysate which is the key driver to the market. The increasing demand for corn hydrolysate among consumers owing to skin and hair advantages has led cosmetic manufacturers to introduce corn hydrolysate cosmetic products and increase their Corn hydrolysate Market Share.
Natural-identical flavoring is usually human-made compounds that are chemically the same as some of the substances which are found in nature. Such types of compounds are synthesized from plants by means of chemical processes. Thus, such low awareness of natural synthesized flavors in the food industry has a negative impact on the market.
Corn hydrolysate is available in different certifications like kosher, halal, vegan gluten-free. In addition, the increase in consumers' inclination toward health and wellness makes them opt for plant-based proteins and food in their diet. The inclusion of a plant-based diet in the daily routine helps the consumer in weight management, decreases the risk of heart disease, and prevents diabetes and other diseases. With the approval by food and drug authorities, corn hydrolysate is allowed to be used as a flavor enhancer rather than any artificial flavor coupled with its two-year shelf life making a positive impact on the market.
There is a rise in the popularity of corn hydrolysate among consumers as they are more conscious about their hair and skin. Corn hydrolysate is a water-soluble compound and contains moisture amino acids and peptides and hence, it is used in the production of skincare and hair care products. It has different biological activities such as antioxidant, antibacterial, anti-hypertensive, and antibiotic potential which makes the consumer to move toward plant-based corn hydrolysate which is the key driver to the market.
The corn hydrolysate market is segmented into application, form, end user, and region. On the basis of application, the corn hydrolysate market is bifurcated into nutritional ingredient and taste enhancer. On the basis of form, it is classified into powder and syrup. On the basis of end user, it is categorized into pharmaceutical industry, nutraceutical industry, and food & beverage. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of application, the taste enhancer segment accounted for a major Corn hydrolysate Market Share, and is expected to grow at a significant CAGR during the forecast period. Taste enhancers are meant to provide the substances that are used to intensify the flavors of the different food items without disturbing the characteristics flavor of the food. Taste enhancers are generally used in processed and convenience food, meat and fish products, beverages, bakery products, and others. Corn hydrolysate are generally used for flavoring the meat and other products such as sausages. The main function of corn hydrolysate is to provide different flavors of umami in processed food such as chilis, meat product, soups, sausage, spices mixture gravies, frozen meals, side dishes and different other food products.
On the basis of form, the syrup segment accounted for a major share in the global corn hydrolysate market, and is expected to grow at a significant CAGR during the forecast period. The global syrup segment of corn hydrolysate market is growing as it offers different health benefits like prevention from different health issues like weight gain, type 2 diabetes, metabolic syndrome and are widely used in pharmaceutical industries for the production of different products. Moreover, it is a safe flavor choice and thus used by the leading manufacturers to produce juice, soups, sausage, spices mixture gravies, and frozen meals, due to the global consumer acceptance. Furthermore, the corn hydrolysate syrup can be easily mixed with any other flavors to obtain new taste and texture in the final product which is the key driver of the market.
On the basis of end-user, the food and beverage industry segment accounted for a major share of the market and is expected to grow at a significant CAGR during the forecast period. The food and beverage industry segment of the Corn hydrolysate Industry witnessed the highest market share due to the increase in the uses of corn hydrolysate in the manufacturing of different processed food, bakery products, fragmented food, and savory snacks like a pizza base, biscuits, cakes, sauces, noodles, soups and instant snacks due to the higher demand of the consumers for the products around the globe. In addition, the leading players in the food and beverage industry invest aggressively to expand their production capacity in order to capture the increase in requirement of the consumers for different tastes and flavors, which ultimately lead to higher demand for corn hydrolysate and make a positive impact on the Corn hydrolysate Market Growth.
On the basis of region, North America was the highest revenue contributor, owing to technological advancement and the increasing consumer preference for corn hydrolysate over toxic ingredient like MSG is expected to boost the market demand. In addition, increasing demand of test enhancer from the food and beverage industry is also expected to boost the market Corn hydrolysate Market Demand.
Region-wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Italy, Germany, France, Spain, The Netherlands, Switzerland, and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Indonesia, Thailand, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Nutraceutical refers to any food product that provides health benefits and helps in the prevention and treatment of diseases due to the basic nutritional value found in the foodstuff. Corn hydrolysate is becoming more popular among consumers as they are becoming more conscious about their hair and skin protein corn hydrolysate is water soluble and has strong moisture-binding properties and comprises amino acids and peptides which ultimately help in nourishing the texture and repairing the skin. It is also having different biological activities such as antioxidant, antibacterial, anti-hypertensive, and antibiotic potential, thus making it the preferred choice among consumers and is expected to drive the market during the Corn hydrolysate Market Forecast. In addition, corn hydrolysate is used in nutraceutical products to maintain weight, and thus help in reducing the risk of heart disease among consumers. Thus, such factors are expected to escalate market growth of Corn hydrolysate Industry.
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 Opportunity.
- 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 to 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 an analysis of the regional as well as global corn hydrolysate market trends, key players, market segments, application areas, and market growth strategies.
Corn hydrolysate Market Report Highlights
Market Size By 2031
USD 378.3 million
CAGR of 5.6%
2021 - 2031
By End user
Key Market Players
Parchem Fine & Specialty Chemicals., Döhler GmbH, Environmental Working Group, Roquette Freres, Cargill, Inc., Givaudan, Innova Flavors, Exter b.v., Tate & Lyle, Sensient Technologies, Archer Daniels Midland Company, CRESCENT BIOTECH, Ingredients Inc., Kerry Group Plc, ETChem
According to the CXOs of the top companies, the corn hydrolysate market is expected to grow due to the trend of urbanization which has a great impact on the living standards of the consumers, due to the rise in awareness for the clean label ingredients, such as corn hydrolysate, and increase in trend for vegan among the consumers. Furthermore, it is an ideal substitute for monosodium glutamate (MSG) ingredients which is used for the preparation of food items thus presenting a market alternative for MSG during the forecast period. There is a rise in the popularity of corn hydrolysate among consumers as they become more conscious about their hair and skin as such kind of protein is a water-soluble product with strong moisture binding properties and comprises of amino acids and peptides which ultimately helps in nourishing the texture and repairing the skin. Corn hydrolysate also has different biological activities such as antioxidant, antibacterial, anti-hypertensive, and antibiotic potential, which allows consumers to move toward plant-based corn hydrolysate and is the key driver to the market.
The CXOs further added that the market is driven by product innovation that by the development of technology. Flavor and preferences of the consumer is the key attraction for the leading market players with huge investments in the industry due to the growth in the corn hydrolysate market for effective taste. Moreover, the manufacturers adopt new strategies to expand their operations in the market such as new product launches and product innovations. The new launches are anticipated to help the manufacturers fulfill the need of their customers and ensure better market coverage. Furthermore, the increase in R&D efforts in the corn hydrolysate industry is expected to make positive impact on the market.