PUBLISHER: Allied Market Research | PRODUCT CODE: 1193161
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193161
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).
Key Benefits For Stakeholders
By Application
By Form
By End user
By Region