PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1527928
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1527928
The roasted corn market is anticipated to exhibit steady growth, driven by increasing consumer preference for nutritious and convenient snack options.With a market value expected to reach $3.33 billion in 2024 and $4.80 billion by 2031, this growth is driven by a compound annual growth rate (CAGR) of 5.40%. Roasted corn products, rich in fiber, vitamins, and minerals, and low in fat and cholesterol, are gaining traction among health-conscious consumers. The addition of dry fruits like almonds and cashews to roasted corn flakes further enhances their nutritional value and appeal, making them popular across all age groups. These factors are set to propel the global roasted corn market forward.
Roasted Corn Consumption Analysis
Historically, the global roasted corn market has experienced significant growth, reflecting the rising demand for healthy snack alternatives. Roasted corn flakes are especially favored for their ease of digestion and low cholesterol content. Manufacturers are increasingly incorporating dry fruits to boost the nutritional profile and taste, which continues to attract a diverse consumer base.
Key Trends in the Roasted Corn Market
Rising Demand from Bakery Producers The bakery industry is witnessing a surge in the popularity of roasted corn products. These products are highly favored for their fine texture and flavor, making them a hit among health-conscious consumers. The shift in eating habits towards more nutritious options has led bakery manufacturers to integrate roasted corn into their offerings, driving market growth.
Example: Pavilions, a bakery manufacturer based in the U.K., offers roasted cornbread made entirely from roasted corn dough, reflecting the trend.
Emerging Trend in the Animal Feed Industry The animal feed sector is a major consumer of corn, traditionally in its raw form. However, the demand for healthier meat and dairy products is pushing farmers to use high-quality feed. Roasted corn, with its enhanced nutrient profile and digestibility, is becoming a preferred choice. It also helps in transforming saturated fat into unsaturated fat and increasing palatability, contributing to better animal health and growth.
Increasing Popularity of Roasted Corn Snacks The trend towards healthier snacking options is boosting the demand for roasted corn snacks. These snacks offer a superior texture and rich nutritional content, making them a preferred choice. The market is also seeing a rise in flavored roasted corn snacks, appealing to a wide consumer base.
Example: SunOpta offers a variety of roasted corn snacks in flavors such as honey, ranch, and salted.
Growing Popularity of Multigrain Products Consumers are increasingly seeking snack foods that combine high nutritional quality with affordability. Multigrain products, which include a mix of different grains and cereals, are gaining popularity for their health benefits. These products, rich in fiber and protein, help reduce the risk of heart disease, obesity, and other health issues. Roasted multigrain snacks and flours are becoming particularly popular.
Use of Roasted Corn in Snacks & Convenience Food Roasted corn is widely used in snacks and convenience foods for its taste and nutritional benefits. In many countries, it is consumed directly after roasting. It enhances the digestibility of snacks, transforms fats, and increases the starch content, making it a valuable ingredient in the convenience food industry.
High Prices Limiting Market Growth The multiple processes involved in producing roasted grains, such as drying, steeping, germination, and roasting, increase the cost of these products. Consequently, end-use products like roasted grain snacks and bakery items are priced higher, which can limit market growth as some manufacturers might opt for non-roasted alternatives to reduce costs.
Regional Insights
High Growth Regions North America and Latin America are the largest producers and consumers of roasted corn, together accounting for a significant share of the global market. The rising number of vegans in North America and the expanding feed industry in both regions are major factors driving market growth.
Asia Pacific Outlook East Asia and South Asia are expected to show substantial growth, driven by increasing consumer interest in veganism and the growing trend of health-conscious eating. These regions are emerging as key markets for roasted corn products.
Segmental Breakdown
Nature Segment The market for roasted corn is divided into organic and conventional segments, based on the farming practices used. The conventional segment is projected to hold a dominant share, reflecting consumer preference for traditionally farmed products.
Form Segment Roasted corn is available in various forms, including whole, splits, and flour. The whole roasted corn segment is expected to register significant growth due to its widespread use in various applications.
End Use Segment The market is segmented by end use into beverages, bakery, snacks & convenience food, animal feed, and others, which include dairy, confectionery, and meat products. The versatility of roasted corn in enhancing the nutritional value and taste of these products is driving its demand across these segments.
Competitive Analysis
Leading players in the global roasted corn market are focusing on expanding their presence in regions like Europe, Asia Pacific, and the Middle East and Africa. They are also increasing their organic product offerings in response to growing consumer demand for organic roasted corn products. The trend towards clean label, gluten-free, and non-GMO products is another focus area for these companies.
Example: Barbera Snacks SL collaborates with farmers to ensure high-quality raw materials, focusing on providing natural products. Vaishnav Food Products markets its naturally sourced grains and pulses directly to consumers as FMCG products. Nenimemi Foods Pvt. Ltd. ensures product authenticity and quality with ISO 22000 & HACCP certifications. H.J. Heinz Company Brands LLC is expanding its organic roasted corn product range, emphasizing innovation and superior quality.
Key Companies Profiled
Roasted Corn Industry Research by Category
By Nature
By Form
By End Use
By Region