Roasted Corn Market Valued at US $2.46 Billion in 2022, Poised for
Significant Growth
The global roasted corn market achieved a notable valuation of approximately US $2.46
billion in 2022, indicating its potential for substantial growth in the coming years. With a
projected compound annual growth rate (CAGR) of 6.20% from 2023 to 2028, the market is
expected to reach a value of US $3.52 billion by 2028.
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Increasing Demand from Bakery Producers:
Bakery owners have witnessed a surge in the popularity of roasted corn over the past
decade. The unique flavor and texture of corn have captivated consumers, leading to a
preference for corn-infused bakery items. As health-conscious consumers seek roasted corn
products, the demand from bakery producers has soared, contributing to the growth of the
roasted corn market.
Rising Demand from Health-conscious Consumers:
In addition to its use as a raw material, roasted corn has gained traction as a preferred snack
ingredient among health-conscious consumers. As individuals strive for healthier lifestyles
and look to avoid MSG, roasted corn offers a delicious and nutritious snack option. Its
compatibility with popular snacks, without compromising taste, has made it a sought-after
choice among consumers, driving the demand further.
Demand for Grain Alternatives:
The demand for grain alternatives is on the rise, driven by consumers adopting gluten-free
diets and seeking multigrain options for enhanced nutrition. Roasted corn-based products,
such as cereals, have emerged as popular choices, allowing individuals to prioritize their
health by avoiding heart disease, obesity, and high cholesterol levels. This increasing
demand for grain alternatives continues to boost the roasted corn market's growth and
popularity.
Market Opportunities:
The Benefits of Roasted Corn in Animal Feed:
Roasted corn has been widely used in animal feed for many years, providing essential
nutrition to animals. With the rising demand for healthier meat and dairy products,
producers are incorporating roasted corn into animal feed to improve the quality of meat
and dairy. By enhancing the animals' digestive systems and reducing unhealthy fat content,
the market contributes to the production of healthier meat and dairy options for human
consumption.
Demand for Healthier Snacks:
While many individuals lead busy lives and prioritize convenience, there is also a growing
demand for healthier snack options. Roasted corn can be processed into an artificial
sweetener as a sugar substitute, catering to those looking to reduce their sugar intake.
Furthermore, it can be used to produce Xantham gum, a gluten-free thickening and binding
agent, providing a healthier alternative for snacks without compromising taste or texture.
Market Challenges:
Availability:
The roasted corn market faces challenges due to its seasonal availability. Corn is planted
from April to June and harvested from October to November, resulting in limited supply
throughout the year. This seasonality can impact pricing and availability, affecting the
market's growth potential.
Hygiene:
Maintaining hygiene standards during roasted corn production is essential to ensure
product quality. Processing factories should adhere to strict quality control regulations, and
transportation should also prioritize hygiene to prevent contamination.
Competitive Landscape:
Key players in the roasted corn market include Grau Nuts - Productos Grau SA, Foodlink,
Fresh Nuts GmbH, The Naked Nut Growers, Laxcorn, AIM Biscuits (PT Aneka Indomakmur),
American Nut Company, Go Craize, and other industry participants. These companies play a
crucial role in driving innovation and shaping the market's competitive landscape.
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