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Corn Protein Market

Corn Protein Market - Global Industry Analysis 2016-2020 and Opportunity Assessment 2021- 2031

Corn Protein Market Segmented By Organic, Conventional Nature with Isolate and Concentrate type used in Food and Beverages, Dietary Supplements, Infant Nutrition, Animal Feed

Corn Protein Market: Market Outlook

Corn protein is known to have 70-90% of protein along with high branch chain of amino acid content. The most abundant protein in corn is known as zeins, which accounts for 44-79% of total protein. With rising demand for natural and plant based products, corn protein market is expected to witness significant growth rate during the forecasted period.

The number of 'gluten-avoiders' changing to gluten-free diets out of choice rather than out of need, to attain a healthier lifestyle, is increasing. Growing understanding and awareness of gluten-free food products and food intolerance by consumers has led to an increase in the demand for vegan or plant-based products such as corn protein.

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What are the Key Trends Benefitting the Growth of Corn Protein Market?

Corn protein is linked with many health benefits like lower risk of stroke, cancer, and death from heart disease. Corn protein also has essential amino acids, as compared to animal protein. Animal protein contains a high amount of saturated fat and dietary cholesterol, which increases the risk of heart diseases.

Corn protein are healthy, meat-free food which is satisfying the vegan consumers’ demand for protein. However, availability of high number of plant-based proteins like pea protein, pulse protein, rice protein is expected to restrain market growth for corn protein market.

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Will Consumer Preference for Organic Food Stimulate Growth for Corn-Protein Market?

Consumer preference for organic food products is expected to witness significant increase over the next couple of years owing to the health benefits of it and government supporting the organic production food activities. Manufacturers and suppliers of proteins are optimizing product offerings according to consumer demand.

Various manufacturers are increasingly entering the organic protein market, owing to high profit margins and the demand for natural and plant-based products. In addition, manufacturers are also expected to market their products with natural labels and organic certifications, in order to attract existing, and increasing number of consumers seeking plant-based protein like corn protein. Thus, increasing demand for organic food is expected to drive demand for organic corn-protein during the forecast period.

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Corn Protein as an Animal Protein Substitute to Propel Market Demand

Ethical reasons like animal welfare, environmental sustainability, and social responsibility are causing more number of consumers to shift from animal products to vegan plant-based food products such as corn protein.

The rising perception that plant-based food products are healthier and natural than synthetic and non-vegan alternatives will boost the demand for vegan products. The rising demand for vegetarian and clean label food products which are plant-based, healthier, and affordable is expected to propel the growth for corn protein market.

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What are the Key Challenges for Manufacturers of Corn-Protein Market?

Plant-based protein like corn protein generally lie on the higher side of the price scale owing to scarce resource and processing costs. Though the popularity and nutritional properties of plant-based protein are the driving factors, but high costs of plant-based proteins in emerging economies can be the dispute hampering the market growth of corn-protein market.

Availability of high number of alternate plant-based proteins like pea protein, pulse protein, rice protein is also expected to restrain market growth for corn protein market.

Corn Protein Market: Segmentation

Based on nature, the global Corn Protein Market has been segmented as

  • Organic
  • Conventional

Based on type, the global Corn Protein Market has been segmented as

  • Isolate
  • Concentrate

Based on application, the global Corn Protein Market has been segmented as,

  • Food and Beverages
    • Bakery & Confectionery
    • Sweet & Savory Snacks
    • Soups and Sauces
    • Meat Substitutes
    • Functional Food
  • Dietary Supplements
  • Infant Nutrition
  • Animal Feed

Based on the region, the global Corn Protein Market has been segmented as

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Competitive Landscape

Players such as Cargill Incorporated, Archer Daniels Midland Company, Roquette Frères S.A, Tate and Lyle, PLC, Agridient Inc., Paramesu Biotech Pvt. Ltd., Sodrugestvo Group S.A., AGT Food Ingredients, Ingredion Incorporated, DuPont de Nemours Inc., Meihua Holdings Group Co., Ltd., and others are actively involved in providing corn protein for application in different industries.

Will Increased Investments in Research and Development Create Growth Opportunity for Corn Protein Manufacturers?

Key producers in the corn protein market are continuously investing in research and development for growing new advances in extraction of corn proteins.  The increasing interest for plant based proteins is probably going to build the deals and increase sales for corn protein market which is expected to create growth opportunity for the manufacturers of corn protein.

The increasing awareness regarding the advantage of plant-based proteins and growing customers demanding the same is anticipated to mark opportunity for new players to enter this market.

Increased research and development and venture capital in corn protein market is expected to contribute towards growth of the market as it will enable new product launches along with enhancing the quality of the corn protein. Manufacturer efforts in improving nutrition content, reducing cost, enhancing the existing processing, improving food safety with research is expected to increase the penetration of corn protein for different applications and thus benefit the manufacturers with increased sales.

  • In 2018, leading manufacturer operating in corn protein market conducted an online survey which commissioned that of 1,923 grocery shops in U.S. which had purchased plant-protein in previous months, more than half of the respondents agreed on trying to include more plant-based protein in their diets. 

Why is the U.S. Dominating the global Corn Protein Market?

The increased consumer interest in vegan food owing to the health benefits of it along with concern for environment and animal is one of the major factor driving increased demand for corn-protein among food and nutrition manufacturers in the U.S. Corn protein offers high branch amino acid content and does not require allergen labelling which has drawn increased attention of the manufactures to include corn protein in their offerings.

The country is also home to the key players operating in corn protein market. The regulatory standards that support the daily intake of protein also contributes towards the high share of corn protein market in the country. 

Will India offer Growth Opportunity for Corn Protein Market?

Demand for plant-based proteins may witness growth in India owing to the dominance of the vegetarian consumers demanding plant-based proteins. Increased spending capacity coupled with increasing fortified food and nutraceutical consumption is another factor that is expected to propel increased demand for corn protein market in India.

The growing trend of fitness activities among millennials which is driving demand for protein rich products coupled with growth in the application industry in India is expected to display huge growth opportunities for corn protein manufacturers to target industries in this country.

What is the Impact of COVID-19 Pandemic on the Growth of Corn Protein Market?

The spread of COVID-19 brought stringent lockdown in many regions of the world with various industries being severely hampered. Disruption of the supply chain, limitations on shipping and trade, key manufacturers coming to a grinding halt are some of the factors that have impacted the overall economy.

The food industry also faced the aftermath of the pandemic. The food and agriculture industry is labor-intensive, thus with social distancing norms, the production capacity of the manufacturers involved in producing corn protein was hampered during the initial phase of the pandemic.

However, the government supporting the production of agriculture and essential food commodity activities even during the lockdown, the production of the corn protein market witnessed low consequence. Thus, the growth of the corn protein market is expected to witness low impact due to the spread of COVID-19 in the near term.

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