Roasted Corn Market Segmentation By Form- (Whole, Splits, Flour), The whole roasted corn segment is projected to register a significant growth rate in the global market.
Industry: Food and Beverages
Published Date: March-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 294
Report ID: PMRREP31382
The market for roasted corn can be expected to expand at a value based CAGR of 5.10% and show an increase in revenue from US$ 3,175.90 Million to around US$ 5,222.68 Million by 2033.
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Roasted Corn Market Size (2023E) |
US$ 3,175.90 Million |
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Projected Sales of Roasted Corn (2033F) |
US$ 5,222.68 Million |
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Value CAGR (2023-2033) |
5.10% |
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Value Share of Top 4 Countries (2022E) |
55% |
The global roasted corn market has witnessed significant growth in the historical period registering a CAGR of 5.12% in the historical period and was valued at US$ 3,175.90 Million in 2023.
When it comes to snacks, corn flakes are always on the top of the priority list for health-conscious consumers. Roasted corn flakes are a rich source of fiber, nutrition, vitamin, and minerals, and are also low in cholesterol. Furthermore, they contain low fat, and are easier to digest. In addition, some manufacturers are mixing almonds, cashews, and other dry fruits in roasted corn flakes to improve the nutritional content and taste of the end product. These products are popular among all age groups, which is expected to further drive the global roasted corn market.
The global market for roasted corn is estimated to reach an approximate valuation of US$ 5,222.68 Million in the forecast period.
“Rising Demand for Roasted Corn from Bakery Producers”
The popularity of roasted corn is increasing among bakery manufacturers. Roasted corn bakery products are gaining traction among consumers, owing to their fine texture and flavor. These snacks are more popular among health-conscious consumers, as they are considered highly nutritious. The changing eating habits of consumers are forcing convenience bakery product manufacturers to incorporate roasted corn into their products. These factors are expected to fuel the growth of the global roasted corn market over the coming years.
“Roasted Corn - Emerging Trend in Animal Feed Industry”
The feed industry is one of the largest consumers of corn, mostly in the form of raw corn. Increasing demand for healthy meat and dairy products is encouraging farmers to use quality products to feed animals in terms of promoting the healthy growth of livestock, poultry, and animals. Roasted corn can increase the nutrient level of grain, enhance digestibility, transform saturated fat to unsaturated fat, preserve lecithin, increase palatability, and enhance the overall health of the animal. Roasting can effectively remove mold spores and reduce toxin levels that are harmful to livestock, swine, and poultry. Owing to these factors, the demand for roasted corn is increasing in the animal feed industry.
“Increasing Popularity of Roasted Corn Snacks to Improve Growth Prospects”
The demand for healthier snacks is increasing as consumers now favor a healthier lifestyle. Roasted corn has better texture and is a rich source of vital nutrients, and it also enhances the flavor of the finished products. These factors have compelled manufacturers to opt for roasted corn in order to produce tastier and healthier snack products. Furthermore, flavored roasted corn snacks are also in high demand among consumers.
“Growing Popularity of Multigrain Products”
It has become increasingly necessary in recent times to produce snack foods with high nutritional quality that are also affordable for consumers. Multigrain products contain high nutritional value, since they include a combination of different grains and cereals, which offers several health benefits. These products contain high amounts of fiber and protein, which reduces the risk of heart ailments, obesity, and other diseases. Additionally, products such as roasted multi-grain snacks and flours are increasingly becoming popular among consumers. For instance, the consumption of roasted multigrain chips has considerably increased. This is attributable to increasing consumer preference for healthy snacks. These factors are expected to drive the growth of the global roasted corn market in the foreseeable future.
“Increasing Use of Roasted Corn in Snacks & Convenience Food”
Roasted corn is one of the popular ingredients widely used in the preparation of snacks and convenience food. Roasted corn can be easily paired with any snacks and convenience food menu, which enhances taste and nutritional value of the end product or a dish. In some countries such as India, China, U.K., and more, roasted corn is consumed directly, by only roasting the whole corn. Besides, roasted corn increases digestibility, transforms saturated fat into unsaturated fat, and increases level of starch in snacks and convenience food. Thus, demand for roasted corn is increasing in the snacks and convenience food industry.
“High Prices of Food Products with Roasted Grain Ingredients Limiting Market Growth”
Roasted grains undergo multiple processes, including drying, steeping, germination, and roasting, which impacts the price. Moreover, it increases prices of end-use products such as roasted grain snacks, baking products, and others. Hence, some manufacturers may utilize non-roasted grain ingredients to cut down on operating costs and reduce prices of their end products. This hampers the growth of the roasted grain ingredients market.
What are the Regions that are Expected to Show High Growth for the Roasted Corn Market?
North America and Latin America together have been identified as the largest producers and consumers of roasted corn across the globe, accounting for more than 60% share of the global roasted corn market. Increasing number of vegans in North America is positively impacting the growth of the roasted corn market. Also, the growing feed industry in North America and Latin America is bolstering the growth prospects of the roasted corn market in these regions.
What is the Outlook for the Asia Pacific Roasted Corn Market?
East Asia is expected to witness substantial growth over the forecast period of 2020-2030, followed by South Asia. Countries in this region are anticipated to emerge as the next potential markets for manufacturers offering roasted corn. The trend of ‘being vegan’ is also gaining momentum in this region, which is anticipated to accelerate the growth of the roasted corn market in emerging economies of East Asia and South Asia.
What is the Segmental Breakdown of the Roasted Corn Market?
On the basis of nature, the roasted corn market is segmented into: organic and conventional. Organic and conventional properties of roasted corn are recognized by the type of farming of crops.
On the basis of form, the roasted corn market is segmented into three: whole, splits, and flour. On the basis of end use, the roasted corn market is segmented into: beverages, bakery, snacks & convenience food, animal feed, and others. Others includes dairy, confectionery, meat products, and more.
How is the Nature and Form Segment of the Roasted Corn Market Expected to Grow in the Forecast Duration?
The conventional segment, in terms of nature, is projected to hold the highest value and volume share in the global roasted corn market over the forecast period of 2023-2033.
The whole roasted corn segment, under form, is projected to register a significant growth rate in the global roasted corn market over the forecast period.
Key players in the global roasted corn market are focusing on increasing their penetration in markets such as Europe, Asia Pacific, and the Middle East and Africa, to expand their regional footprint. Some of the major players in the global roasted corn market, such as Menard, Inc., Morski Brands, Inc., Castanea, Natures All Foods, Del Monte Food, Inc., Natierra, and others, are engaged in increasing their organic portfolios, owing to increased demand for organic roasted corn products. Key players are also focused on providing clean label, gluten-free, non-GMO products to their consumer.
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Attribute |
Details |
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Forecast period |
2023-2033 |
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Historical data available for |
2018-2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
Available upon request |
By Nature:
By Form:
By End Use:
By Region:
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The global market for roasted corn has a value of US$ 3,175.90 Mn in 2023.
The global market for roasted corn has a value CAGR of 5.12% from 2018-2022.
The global market for roasted corn has a value of US$ 5,222.68 Mn in 2033.
The global market for roasted corn has a value CAGR of 5.10% from 2023-2033.
The top players hold more than 30-35% of the market share. They include SunOpta Inc., H.J. Heinz, Company Brands LLC, Sergio, Inka Crops, Inc.
