"Market Intelligence that Adds Flavour to Your Success"
Roasted corn is among the major potential crops utilized for manufacturing various processed foods such as bakery products, beverages, snacks. The roasted corn also has a non-food application such as in the animal feed as it is easier to digest which leads to increase in milk production. The roasted corn has a higher percentage of starch than the raw corn and hence, is preferably used for producing corn starch. The roasted corn is a rich source of fibre, antioxidants and minerals as well as having a low-fat content which makes it an ideal choice for healthy snacks. Further, many manufacturers are launching new organic and non-GMO roasted corn products due to the increasing demand of consumers for such products, which aids its market growth.
The consumption of ready-to-eat snacks and food products has increased among the consumers that positively impacts in the growth of roasted corn market. The roasted corn is mixed with various other grain ingredients to produce different types of multigrain products such as snacks and breads. The multigrain products have high nutritional value, since they are a combination of various cereals and grains, offering various health benefits. The growing popularity of healthy snacks products which are roasted or baked among the millennial population due to its nutritious and low-fat content. This has thus, positively impacted the roasted corn market growth.
The roasted corn offers a stronger, robust and crunchy taste which is either directly consumed as a snack or is utilized as an ingredient in many snacks and convenience food products. The consumption of roasted snacks over fried snacks in recent years has gained popularity among the consumers which has contributed in the roasted corn sales performance. The consumers prefer roasted or baked snacks as they are a healthier alternative to the fried ones which is a major factor that drives its market growth. Further, the growing supply chain has made the roasted corn products easily available in the market, that aids its market performance.
The disruptions in the raw material prices for making roasted corn is a major factor that hampers its market growth. The corn is cultivated only in certain countries in the world which leads to fluctuations in the corn price due to the transportation. The taxes on corn imports and exports also varies in different regions that influences the overall rise in the prices of end products. Moreover, the seasonal dependency for the cultivation of the crop also impedes its market growth.
Key Market Driver -
Growing Demand for Roasted Snacks
Key Market Restraint -
Disruptions in Raw Material Prices
The key companies operating in the global roasted corn market are, N. L. Food Industries, Laxcorn, Barberá Snacks SL, H.J. Heinz Company Brands LLC, SunOpta Inc., Del Monte Food, Inc., AIM Biscuits, Fresh Nuts GmbH and The Naked Nut Growers
The roasted corn market is segmented by form, category, application, and geography. The whole roasted corn segment, among the other forms is accounted to hold a major share in the market due to its wide consumption as snacks and also as an ingredient for preparing various other snacks such as crispy corn and crackers. The flour segment is witnessing a significant growth owing to its wide utilization as a binding agent in various baked products. The organic roasted corn segment is leading due to the growing consumers inclination towards organic food products due to their perceived health benefits. The organic products are free from any artificial fertilizers and pesticides and hence, are considered to be comparatively healthier than the conventional variants.
The food and beverage application sector is holding the major share in the market. The bakery segment is leading followed by the snacks due to the increase in consumption roasted and baked goods by the consumers. The roasted corn flour is used in bakery items to give them a better crumb strength and also increases the tenderness of the grain. The roasted corn flour is also used as a filler, binder and thickener in cookies and pastries.
North America is the fastest-growing market for the roasted corn owing to the presence of the U.S. in the region which is the largest producer of corn. The abundant availability of raw material for the roasted corn production is one of the major factors driving its regional market. The strong supply chain in the region makes the raw material availability easy to the manufacturers for further processing. The rise in vegan trend in the region has nudged the consumers to shift towards plant-based snacks, which positively impacts its market growth.
Europe is expected to observe significant growth in the upcoming years due to the increase in consumption of convenience foods. The rise in trend of healthy snacking between the meals among the working population has also contributed in the market growth. Many processed food manufacturers are launching various innovative roasted and baked corn snacks using techniques such as nixtamalization to reduce the nutrient wastages further, aids its market growth.
Asia Pacific region is anticipated to witness a significant growth in the roasted corn market due to the increase in the population coupled with rise in per capita food consumption. The rapid urbanization and increase in disposable income of the consumers are attributable for the changing dietary habits. The increasing reliance on semi-processed and processed food products to make food preparation convenient has contributed in the regional roasted corn market growth
To gain extensive insights into the market, Request for Customization
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry