According to the report published by Allied Market Research, the global Corn Hydrolysate Market generated $225 million in 2021, and is projected to reach $378.3 million by 2031, growing at a CAGR of 5.6% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Many key players and companies throughout the world are coming up with various new formulations and products in the Corn hydrolysate Market Size to cater to the increase in demand of clean label ingredients such as corn hydrolysate in food products.
Regional Outlook
Based on region, the market across North America held the dominating market share in 2021, holding nearly two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 7.0% during the forecast period.
Top Key Companies Involved:
ome of the key players in the Corn hydrolysate industry include – ADM, Tate & Lyle PLC, Sensient Technologies, Döhler GmbH, Exter B.V., Cargill, Ingredients Inc., Givaudan SA, Kerry Group Plc, Crescent Biotech Parchem, et-chem, Roquette Frères, Gaoyuan, and EWG Skin deep.
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Moreover, there is an improvement in situations among food manufacturing industries due to the availability of raw materials which ultimately helps the industry to increase production and is anticipated to have a positive impact on the market. Furthermore, the increase in demand for nutritional food products coupled with the increase in inclination of consumers toward health and wellness made them opt for corn hydrolysate products which ultimately take care of their skin, and hair and help in the prevention of measure diseases to take place which make a positive impact on the market.
Key findings of the study
- By application, the test enhancer, segment dominated the global market in 2021, and is expected to retain its dominance throughout the market Corn hydrolysate Market Opportunity.
- By form, the syrup segment accounted for a major Corn hydrolysate Market Share in the corn hydrolysate market in 2021 and is expected to grow at a significant CAGR during the corn hydrolysate forecast period.
- By end user, the food and beverage industry segment accounted for a major share of the market in 2021 and is expected to grow at a significant CAGR during the forecast period.
- By region, North America accounted for highest market share in 2021 and is expected to grow at a significant CAGR during the forecast period.
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In addition, corn hydrolysate is available in different certifications like kosher, halal, vegan gluten-free. Also, the increase in inclination of the consumers toward their healthy lifestyle and clean-label ingredients has made consumer to use corn hydrolysate in various food products. Consumption of corn hydrolysate food products in the daily routine helps the consumer in weight management, decreases the risk of heart diseases, and prevents diabetes, and other diseases. The approval by food and drug authorities to use corn hydrolysate as a flavor enhancer owing to the fact its long shelf life of 2 years, and nutrient value is expected to have a positive impact on the market during the Corn hydrolysate Market Forecast period.
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