Roasted Corn Market

Market Overview: 

The global roasted corn market size reached US$ 2.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.86% during 2024-2032. The growing utilization as an animal feed for cattle, rising popularity of multigrain products due to their high nutritional value and increasing adoption of veganism are some of the major factors propelling the market.

Roasted corn undergoes roasting in a high heat or fire to reduce the moisture content and improve the digestibility of its kernel. It comprises vitamin B12, iron, and folic acid that are vital for increasing the production of red blood cells (RBCs) and minimizing the occurrence of anemia. It is also rich in antioxidants and fibers, which improve digestion and reduce the discomfort of constipation. It has a low-glycemic index that makes it easy to digest without increasing the blood sugar levels.

At present, the escalating demand for roasted corn, as it is easily available and gluten-free, represents one of the crucial factors impelling the growth of the market. Besides this, the rising utilization of roasted corn as an animal feed for cattle, as it is highly nutritious and helps increase the production of milk, is propelling the growth of the market. In addition, the growing employment of corn starch to thicken the consistency of various recipes is offering a favorable market outlook. Apart from this, the rising popularity of multigrain products due to their nutritional value is supporting the growth of the market. Additionally, the increasing consumption of various ready-to-eat (RTE) snacks, which are convenient and eliminate the hassle of cooking, is strengthening the growth of the market.

Roasted Corn Market Trends/Drivers:

Rising demand for organic products influencing the sales of roasted corn positively

Organic products are gradually becoming popular among the masses due to the rising awareness about their beneficial properties. They are considered more nutritious than any plant produce grown via traditional farming methods, which involves the usage of toxic chemicals. Organic farming relies on compost materials, animal manure, sewage sludge, and bio-wastes. It does not involve any synthetic fertilizers, herbicides, pesticides, or insecticides which are harmful to the soil and the plants. Organic roasted corn is also grown in a similar manner to restore its nutritional benefits and taste.

Increasing adoption of veganism catalyzing the demand for roasted corn

Veganism is a practice of discarding food and any other products, which are manufactured from animal derivatives, and the adoption of items that are plant-based and sustainable. It allows individuals to fully thrive on a plant-based diet consisting of milk extracted from plant-based sources. Besides this, there is an increase in the consumption of various plant-based snacks among vegan consumers, which is responsible for catalyzing the demand for roasted corn. Roasted corn is highly nutritious, gluten-free, and appropriate for quick snacking.e It is widely employed in the manufacturing of nachos, which is a famous vegan snack often eaten with salsa, plant-based cheese, and guacamole.

Rising consumption of healthy snacks augmenting the market growth

Presently, there is a rise in the consumption of healthy snacks among health-conscious consumers. Healthy snacks that are not fried but instead roasted contain limited calories and various nutrients. They help individuals carry out mindful eating instead of indulging in junk food, which can cause obesity and various other chronic diseases. One of the most popular healthy snacks is roasted corn which is high in fiber, minerals, and vitamins. It can be consumed on the go to suppress appetite without causing fat deposition in the body. Furthermore, it contains a low glycemic index (GI) and does not create an unhealthy spike in blood sugar.

Roasted Corn Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global roasted corn market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on form, category, and application.

Breakup by Form:

• Whole
• Splits
• Flour
• Starch
   

Whole represents the most popular form of roasted corn

The report has provided a detailed breakup and analysis of the roasted corn market based on the form. This includes whole, splits, flour, and starch. According to the report, whole represented the largest segment. Whole roasted corn is widely consumed as a snack and utilized as the main component for many consumable products, such as crispy corn and crackers. It is also used for making nachos or tortilla chips, which is a famous Mexican snack.

Split roasted corn is consumed as a quick snack and often used as feed to attract various birds. It is also provided as a feed for horses, cattle, pigs, and poultry birds.

Corn flour is produced by grounding, drying, and roasting corn kernels and used to achieve a nutty aroma and flavor in different food products. It is incorporated in breakfast cereals and a wide variety of baked food products, including pastries, muffins, and cakes. Furthermore, it is incorporated into pancake batter to improve its flavor and aroma.

Corn starch is composed of carbohydrates and made from the starch-containing part of corn kernels. It is primarily utilized as a thickener in various stews, curries, gravies, and soups.

Breakup by Category:

• Organic
• Conventional
   

A detailed breakup and analysis of the roasted corn market based on the category has also been provided in the report. This includes organic and conventional.

Organic crops or plants are grown without the involvement of synthetic nitrogen fertilizers, antibiotics, herbicides, pesticides, and insecticides. They are grown by adding organic fertilizers, such as excreta of grazing animals, sewage sludge, and composting materials. They are more nutritious and contain no genetically modified ingredients (GMIs), which are harmful for consumption.

Conventional method of farming includes the usage of seeds that are often genetically altered by using a variety of traditional breeding methods. It also involves the utilization of various synthetic chemicals and fertilizers to increase the yield of plants and prevent the growth of weeds.

Breakup by Application:

• Beverages
• Bakery
• Snacks
• Animal Feed
• Others
   

Bakery accounts for the largest market share

A detailed breakup and analysis of the roasted corn market based on the application have also been provided in the report. This includes beverages, bakery, snacks, animal feed, and others. According to the report, bakery accounted for the largest market share. Roasted corn is churned and milled into corn flour, which is incorporated in a wide variety of bakery items, such as pastries, cakes, and muffins, as it provides a fine texture and flavor.

The beverage industry requires considerable amounts of roasted corn for making alcoholic beverages or spirits through the process of fermentation and distillation. Roasted corn is also employed in making corn silk tea, which is good for enhancing digestion.

Roasted corn is widely consumed as a quick healthy snack, especially among health-conscious consumers. Besides this, it is utilized for making nachos, which are consumed with salsa and various other condiments. Apart from this, the escalating demand for plant-based snacks among vegan consumers is catalyzing the demand for roasted corn.

Roasted corn is often crushed or cracked to make it suitable for animal consumption. It is often fed to poultry birds, including broilers, roasters, and laying hens.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America exhibits a clear dominance, accounting for the largest roasted corn market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.

North America held the biggest market share due to the wide availability of raw materials needed to produce roasted corn. Another contributing aspect is the rising adoption of veganism and the rising shift of individuals towards plant-based diets to prevent animal cruelty.

Asia Pacific is estimated to expand further in this domain due to the growing availability of various convenient food products and the rising trend of healthy snacking in the region. Apart from this, the increasing production of various innovative snacks made from organic roasted corn is bolstering the growth of the market.

Competitive Landscape:

Due to the rising health-consciousness among individuals and increasing utilization of roasted corn for creating various forms of convenient snacks and beverages, key players are focusing on producing organic variants of roasted corn. They are also planning to collaborate with other firms to expand their production facilities and sales to fulfill the demand of consumers. They are focusing on producing clean labels, non-toxic and non-GMO products for their consumers. Furthermore, leading companies are encountering a high demand for roasted corn due to the rising consumption of gluten-free snacks among fitness enthusiasts and gymgoers.

The report has provided a comprehensive analysis of the competitive landscape in the global roasted corn market. Detailed profiles of all major companies have also been provided. Some of the key players in the global roasted corn market include:

• AIM Biscuits
• American Nut Company
• Barberá Snacks SL
• Del Monte Food, Inc. (Del Monte Pacific Ltd)
• Laxcorn
• N. L. Food Industries
• The Kraft Heinz Company
• The Naked Nut Growers

Recent Developments:

• In 2023, Del Monte Food, Inc. (Del Monte Pacific Ltd) partnered with the nonprofit Alliance for a Healthier Generation to connect with 7.5 million pupils and their families through the signature "nourishing families by nourishing schools" program.
• In February 2021, The Kraft Heinz Company announced that it planned a definitive agreement to sell its nuts business to Hormel foods corporation.
• In March 2019, The Naked Nut Growers of California teamed up with the Bee Informed Partnership in the "Job Swap Experiment" to provide forage and habitat for honeybees and native pollinators.

Roasted Corn Market Report Coverage:

Key Questions Answered in This Report:

• How has the global roasted corn market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global roasted corn market?
• What is the impact of each driver, restraint, and opportunity on the global roasted corn market?
• What are the key regional markets?
• Which countries represent the most attractive roasted corn market?
• What is the breakup of the market based on the form?
• Which is the most attractive form in the roasted corn market?
• What is the breakup of the market based on the category?
• Which is the most attractive category in the roasted corn market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the roasted corn market?
• What is the competitive structure of the global roasted corn market?
• Who are the key players/companies in the global roasted corn market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the roasted corn market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global roasted corn market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the roasted corn industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.