Corn hydrolysate Market Size and Opportunities CAGR 5.6% | $378.3 Million by 2031

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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The major factors that drive the growth of the Corn hydrolysate Market Trends are rise awareness for plant-based proteins, and an increase in the trend for vegan among the consumers which results in the shifting of the consumer preference to plant-based proteins rather than animal protein. Moreover, corn hydrolysate protein is a source of safe, natural and clean label ingredient that can be used in various food products owing to its properties such as stability on mixing, and good stability toward heat.

Leading Key Players:

Some 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.

Regional Analysis:

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.

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The corn hydrolysate market is expected to witness significant growth, owing to growth in awareness of plant-based proteins. In addition, an increase in the trend for vegans among consumers, which results in the shifting the consumer preference to plant-based proteins rather than animal protein is also expected to boost the market growth. Moreover, corn hydrolysate protein is a source of safe, natural, and vegetarian ingredients for different food products. Furthermore, it can be used to substitute monosodium glutamate (MSG) ingredients.

Key Findings of 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.

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