The hydrolyzed corn protein market is estimated to secure a valuation of USD 1850.2 Million in 2023 and is estimated to rise to USD 3525.2 Million by 2033. The market is anticipated at a CAGR of 3.2% during the forecast period.
the factor accelerating the demand for hydrolyzed corn protein are as follows-
Hydrolyzed corn protein is available in different certifications such as natural, halal, kosher, vegan, gluten-free, and others. Hydrolyzed corn protein natural, safe, and vegetarian ingredient that can be used in various applications in bakeries, processed food, and fermented food. Hydrolyzed corn protein is also used in the cosmetics and personal care industry and also as a hair conditioning and skin condition agent.
Growing awareness among consumers regarding plant-based protein and the increasing vegan trend is likely to drive market growth throughout the forecast period.
North America followed by Europe, is the major market for hydrolyzed corn protein owing to technological advances and increasing consumer preference for hydrolyzed protein over the toxic ingredient like MSG. The North American market is driven by the United States where there is high demand for a healthy and natural products.
Apart from North America, Asia Pacific is the largest market for hydrolyzed corn protein. The growth of the market in the region is attributed to increasing demand for healthy and nutritional food and increased awareness regarding the health benefits of hydrolyzed corn protein.
Key producers are working on manufacturing hydrolyzed corn protein to gain a greater market share. Domestic and international companies are investing in technology to grow their operation and gain a larger share of the market revenue. Some of these companies include ADM, Tate & Lyle PLC, Sensient Technology, Dohlar GmBH, Exter B.V., Cargill Ingredint Inc., and Kerry Group Plc. among others.
These companies are implementing various strategies to gain an advantage such as emphasizing product quality and prices and building a strong brand reputation and distribution network.
Companies operating in the hydrolyzed corn protein market are rapidly adopting new market dynamics and focusing on enhancing technology to address the increasing demand for plant-based dietary products. Also, the market players are focusing on launching new products made from hydrolyzed corn protein.
ADM - leading global diversified chemical company, and ADM, a global leader in nutrition and bio-solutions, launching two joint ventures for USA production of lactic acid and polylactic acid to meet the growing demand for a wide variety of plant-based products, including bioplastics.
Starting a business in hydrolyzed corn protein market can be a rewarding opportunity for entrepreneurs with a passion for plant-based food ingredients. Considering this a lot of start-ups are coming up with innovative product launches.
Founded in 2018- Proeon - provider of plant-based protein ingredients. The company developing a range of plant-based proteins for food manufacturers. The company's products include amaranth protein, hemp seed protein, mung bean protein, fava bean protein, and chickpea protein
The future of the hydrolyzed corn protein market is promising as the market is expected to continue growing in the coming years. Rising disposable income and standard of living leading to an increase in consumer spending on food products is a major factor that is creating a lucrative opportunity for the hydrolyzed corn protein market.
Additionally, consumer trend that is forming growth pillars for hydrolyzed corn protein market includes functional food need of an hour, preference for mindful indulgence, veganism being new and modern, and demand for cleaner clearer ingredient.
| Data Point | Key statistics |
|---|---|
| Expected Market value in 2023 | USD 1850.2 Million |
| Projected Market Value in 2033 | USD 2535.2 Million |
| Growth Rate (2023 to 2033) | CAGR of 3.2% |
Hydrolyzed corn protein is the protein obtained by the acidic, alkaline, or enzymatic hydrolysis of corn or maize. This protein is primarily composed of acids, peptides, and proteins. Hydrolysed corn proteins are used mostly for flavouring meat products in combination with hydrolyzed soy protein.
Its main function is to provide umami flavours in processed foods such as meat products, chillies, sauces, soups, spice mixtures, gravies, side dishes, frozen meals, and other food products. The global hydrolyzed protein market is anticipated to expand at a significant growth rate over the forecast period.
This is mainly due to the growing awareness of plant-based proteins and the growing vegan trends, thereby resulting in shifting consumer preference from animal protein to plant protein. The only substance that could restraint the market’s growth is the availability of alternatives such as isolates and concentrates of corn proteins in the market.
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Hydrolyzed corn protein serves as a natural, safe, and vegetarian ingredient for food dishes. It displays good solubility in mixtures and good stability towards heat. More importantly, it comes in as an ideal substitute for MSG, an ingredient termed as toxic by food authorities.
Apart from its varied application in the bakery industry, processed foods, fermented foods, and savoury snacks, it has wide scale application in the cosmetics and personal care industry as an antistatic, hair conditioning and skin conditioning agent.
Furthermore, the hydrolyzed corn proteins are available in different certifications such as natural, halal, kosher, vegan, gluten-free, and others. The inclusion of plant based diet on a daily basis can guarantee better weight management, low risk of heart disease, diabetes prevention and treatment, and other health benefits.
These days’ consumers are more concerned about their health and thus are opting for healthier alternatives like plant based foods and plant based proteins in their diet.
Some of the key players manufacturing hydrolyzed corn protein are as follows -
Though North America and Europe dominate the global hydrolysed corn protein market by market share, the South Asian and East Asian markets are projected to be front runners in terms of market growth owing to the rising demand for nutritional food ingredients.
Prominent Asian countries such as India, Japan, China, and South Korea along with the Oceanic countries of Australia and New Zealand are expected to propel the growth of the market, thereby indicating potential business opportunities for multinational as well as local market players.
Furthermore, the growing population, increased international trade activities, and increased per capita income of the Asian consumers is expected add fuel to the business activities in the Asian market. Latin America and MEA region will follow suit showing moderate growth in the near future.
The hydrolyzed corn protein market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the hydrolyzed corn protein market report projects the attractiveness of each major segment over the forecast period.
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Hydrolyzed Corn Protein Market
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