Global Roasted Corn Market Report and Forecast 2024-2032

Global Roasted Corn Market Outlook

The global roasted corn market size reached a value of approximately USD 2.61 billion in 2023. The market is further expected to grow at a CAGR of 6.20% between 2024 and 2032, reaching a value of around USD 4.48 billion by 2032.

Key Trends in the Market

Roasted corn refers to the roasted version of corn, a grain that is high in vitamins, fibre, minerals, and antioxidants, which undergoes a roasting process. By roasting corn, the percentage of starch in the corn is increased, making it suitable for the production of corn starch. Many snacks and prepared foods contain roasted corn as one of the key ingredients as it adds flavour and improves digestibility.

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• The key roasted corn market trends include the expanding popularity of vegan products and the increasing demand for ready-to-eat snacks and food items among consumers.

• Rising living standards and increasing consumer spending power, growing consumer preferences for healthy products and changing eating patterns are further contributing to the roasted corn market growth.

• The demand for roasted corn has also been positively impacted by the development in the popularity of multigrain foods, and the rise in demand for bakery products.

• More consumers are preferring roasted snacks in comparison to fried snacks since they are a healthier alternative. As a result, more people are consuming roasted corn, which is driving the market's growth.

Market Analysis

Based on form, the market is divided into whole, splits, and flour, among others. By nature, the market is bifurcated into organic and conventional. On the basis of application, the roasted corn market is segmented into beverages, bakery, snacks, and animal feed, among others. The regional markets for roasted corn are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global roasted corn market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• Grau nuts - Productos Grau SA

• Laxcorn

• Foodlink

• AIM Biscuits (PT Aneka Indomakmur)

• Fresh Nuts GmbH

• The Naked Nut Growers

• KLC Farms Roasting, Inc.

• American Nut Company

• J.R. Simplot Company

• Go Craize

• Others

Market Share by Application

The bakery segment, by application, accounts for a healthy share of the roasted corn market due to the rise in consumer consumption of roasted and baked items. The use of roasted corn flour in baking products improves crumb strength and boosts grain tenderness. Additionally, roasted corn flour is used in cookies and pastries for thickening and as a binder and filler. Bakery products with roasted corn are growing in demand among consumers who are health-conscious as these products are considered nutritious. As a result of shifting customer trends, more producers of baked products are incorporating roasted corn into their offerings.

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Market Share by Region

At a regional level, North America occupies a sizable share of the market for roasted corn, driven by the high-volume production of corn in countries such as the United States, resulting in abundant availability of corn for roasting. The rising popularity vegan diets, increasing snacking culture, and preference for easy to prepare foods are further positively influencing the regional market for roasted corn.

Meanwhile, the Asia Pacific is expected to witness steady growth in the roasted corn market, supported by the increasing population and rising per capita food consumption and spending in the region. The convenience of food preparation with processed and semi-processed food products are heightening the demand for roasted corn in different forms.

Competitive Landscape

Foodlink, a Dutch company with its headquarters in Voorburg in the Netherlands was founded in 1991. The company creates and provides bulk packets of speciality snacks and plant-based ingredients to the food sector with a product line that includes organic peanuts, pine nuts, and cashew nut pieces and paste.

American Nut Company is a leading full-service importer of nuts, seeds, dried fruit, and other ingredients. Founded in 1989 with headquarters in California in the United States, the company has grown by adding in-house packaging to its operations, making it a one-stop shop for present and potential clients.

J.R. Simplot Company, founded in 1923 and headquartered in Idaho, United States, is one of the leaders in plant nutrition and food processing and is constantly looking for new ways to feed animals and preserve ecosystems. The company provides a vast selection of fertilisers, seeds, adjuvants, colourants, and other speciality items for the turf and horticultural industries.

Other market players include Grau nuts - Productos Grau SA, Laxcorn, AIM Biscuits (PT Aneka Indomakmur), Fresh Nuts GmbH, The Naked Nut Growers, KLC Farms Roasting, Inc., and Go Craize, among others.

Key Highlights of the Report