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The hydrolyzed corn protein market size is forecast to increase by USD 22.33 million, at a CAGR of 3.5% between 2023 and 2028.
The hydrolyzed corn protein market in Europe experiences robust growth, with the UK, France, Italy, and Germany leading in revenue contribution. Noteworthy categories such as fat replacers, artificial sweeteners, and hydrocolloids are witnessing rapid expansion. The region's market thrives on the escalating consumer preference for plant-based protein sources, coupled with the increasing demand for clean-label and natural ingredients in food products. Hydrolyzed corn protein, valued for its versatility as a functional ingredient, flavor enhancer, and plant-based protein source, finds widespread adoption across various European food and beverage categories. Archer Daniels Midland Co. provides hydrolyzed corn protein for the food, pharmaceutical, and cosmetics industries.
The Hydrolyzed Corn Protein Market shows an accelerated CAGR during the forecast period.
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One of the key factors driving the hydrolyzed corn protein market growth is the rising demand for protein-based diets. As consumers become more health conscious and aware of the importance of protein in their diets, they are seeking more ways to incorporate it into their meals. In addition, hydrolyzed corn protein is a convenient and versatile ingredient that can be used to add protein to a wide range of food products, from meat and dairy alternatives to soups, sauces, and gravies.
Moreover, hydrolyzed corn protein is a good source of protein for people with dietary restrictions such as vegetarians and vegans, who may not consume enough animal-based protein. In addition, hydrolyzed corn protein is gaining traction as an alternative to meat. Furthermore, the rising concern for animal welfare, health, and environmental reasons is encouraging people to look for plant-based protein options. Hence, such factors are driving the market growth during the forecast period.
A key factor shaping the hydrolyzed corn protein market growth is the increasing focus on the animal feed industry. Hydrolyzed corn protein has gained traction as a valuable ingredient in animal feed formulations due to its high protein content and nutritional benefits. In addition, the expanding livestock sector worldwide necessitates efficient and sustainable protein sources for animal nutrition, driving the demand for hydrolyzed corn protein as a supplement in feed formulations.
Moreover, the protein-rich composition of hydrolyzed corn protein serves as an essential component in optimizing animal diets, promoting growth, and enhancing overall health in livestock, including poultry, swine, cattle, and aquaculture. Furthermore, its amino acid profile and digestibility make it an attractive option for improving feed quality and meeting the protein requirements of various animal species. Hence, such factors are driving the market growth during the forecast period.
Management challenges faced by market players are one of the key factor hindering the hydrolyzed corn protein market growth. Retail stores including supermarkets and large chains of discount or convenience stores are important distribution portals for manufacturers of hydrolyzed corn protein products. However, this poses some serious challenges for the manufacturers. For instance, pressure on the manufacturers regarding the prices and margins of the product as retail stores operate at a lower profit margin.
Moreover, rising demands from retailers to manufacturers for frequent and smaller product deliveries to reduce warehousing costs. In addition, increasing expectations from retailers for manufacturers to come up with innovative merchandising units such as movable shelves that can be rolled when fully stocked, to reduce the replenishment cost of the store. Hence, such factors are hindering the market growth during the forecast period.
The various advantages offered by the direct segment will increase the market growth. The direct segment for hydrolyzed corn protein products comprises the manufacturer selling the products directly to the end consumer or to a food service provider, such as a restaurant or catering company, without the use of intermediaries such as distributors or wholesalers. In addition, this can be done through online sales, mail orders, or through a company-owned retail store. Moreover, it can also be done by having a sales force that goes to different food service providers and sells the product to them. Furthermore, manufacturers adopt various Direct-to-customer (D2C) channels, such as online retailing and specialty stores. Factors such as cost-effectiveness and more control over the prices are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
The dry powder segment is estimated to witness significant growth during the forecast period. The dry powder segment come in various types, each tailored to meet specific industry demands. In addition, hydrolyzed corn protein concentrate, rich in amino acids and peptides due to its higher protein concentration achieved through hydrolysis, serves as a valuable nutritional source. Furthermore, this concentrate finds applications in sports nutrition, dietary supplements, and animal feed due to its enhanced protein content.
The dry powder segment was the largest segment and was valued at USD 67.40 million in 2018.
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Moreover, hydrolyzed corn protein undergoes further processing to isolate and purify the protein, offering heightened purity levels suitable for specialized food production, infant formulas, and clean-label products. In addition, hydrolyzed Corn Protein Powder Blends integrate hydrolyzed corn protein with various additives or other proteins, providing customizable solutions for specific functional or nutritional requirements. Furthermore, these blends cater to a multitude of industries, including sports nutrition, bakery products, and convenience foods, enabling versatility in product formulation. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Europe is estimated to contribute 37% to the growth of the global market during the forecast period
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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The European market for hydrolyzed corn protein experienced significant demand from sectors such as food processing, snacks, soups, sauces, and ready-to-eat meals, where it serves as a key component due to its functional properties and nutritional benefits. In addition, the region's focus on research and development to enhance production processes and innovate new formulations has contributed to the regional market growth. Moreover, the hydrolyzed vegetable protein, which includes hydrolyzed corn protein in Europe, is highly regulated. Furthermore, the market in Europe is fuelled by increasing consumer preference for plant-based protein sources and the rising demand for clean-label and natural ingredients in food products. Hence, such factors are driving the market growth in Europe during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market forecasting growth and analysis.
The Hydrolyzed Corn Protein Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
AKOLA CHEMICALS Ltd., Archer Daniels Midland Co., Ingredion Inc., James Wild Herbs, Jeecon Foods Pvt. Ltd., Jeevan Biotech, Kavya Pharma, New Alliance Dye Chem Pvt. Ltd., Parchem Fine and Specialty Chemicals Inc., Roquette Freres SA, Suboneyo Chemicals Pharmaceuticals, Tag Ingredients India Pvt. Ltd., Tate and Lyle PLC, Tereos Participations, Titan Biotech Ltd., Xian Gaoyuan Bio Chem Co. Ltd., and Crescent Biotech
Hydrolyzed Corn Protein Market market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. In the market report, data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The hydrolyzed corn protein market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest market growth and trends and growth opportunities from 2018 to 2028.
Hydrolyzed Corn Protein Market Scope |
|
Report Coverage |
Details |
Page number |
151 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.5% |
Market Growth 2024-2028 |
USD 22.33 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
2.86 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 37% |
Key countries |
US, Canada, China, UK, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AKOLA CHEMICALS Ltd., Archer Daniels Midland Co., ATAMAN Kimya AS, Azelis SA, Ingredion Inc., James Wild Herbs, Jeecon Foods Pvt. Ltd., Jeevan Biotech, Kavya Pharma, New Alliance Dye Chem Pvt. Ltd., Parchem Fine and Specialty Chemicals Inc., Roquette Freres SA, Suboneyo Chemicals Pharmaceuticals, Tag Ingredients India Pvt. Ltd., Tate and Lyle PLC, Tereos Participations, Titan Biotech Ltd., Xian Gaoyuan Bio-Chem Co. Ltd., and Crescent Biotech |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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