Roasted Corn market Report Probes the 4.13 USD Billion Size, Share, Growth Report and Future Analysis by 2033

Key Insights

The Roasted Corn market size was valued at USD 3.3 USD Billion in 2023 and is projected to reach USD 4.13 USD Billion by 2032, exhibiting a CAGR of 3.24 % during the forecast period. Roasted corn also known as corn-on-the-cob is another street-side dish that is made by grilling or roasting corn cobs placed directly on a fire source until the kernels blister and turn golden brown. Varieties based on the preparation process comprise Mexican elite where the corn is garnished with mayonnaise, cheese, and chili; and American-style corn on the cob where the corn is served with butter and salt. Roasting is usually done to make the corn sweeter and to add a smoky flavor to it, which is on the call as a savory snack in various parts of the globe. In addition, it is frequently available throughout festivals, fairs, and prolonged food selling points, making it easy and enjoyable to eat. This snack is quite popular since it is used as garnishes, as an ingredient for salads, as an ingredient in soup and to be eaten alone. 

Roasted Corn Market Trends

• Growing demand for organic and non-GMO products
• Increasing popularity of snack foods
• Rising adoption of roasted corn as a food ingredient

Driving Forces: What's Propelling the Roasted Corn Market

• Health benefits of roasted corn, such as high fiber content and low fat
• Growing awareness of the environmental benefits of roasting corn
• Technological advancements in roasting corn processing

Challenges and Restraints in the Roasted Corn Market

• Fluctuations in corn prices
• Contamination risks during processing
• Limited availability of organic roasted corn

Emerging Trends in the Roasted Corn Market

• Development of new roasted corn products, such as flavored and seasoned varieties
• Use of roasted corn as a substitute for other grains in food formulations
• Growing popularity of roasted corn in the food service industry

Growth Catalysts in the Roasted Corn Market Industry

• Government initiatives to promote the consumption of whole grains
• Expansion of the global snack food industry
• Increasing demand for roasted corn in emerging markets

Market Segmentation: Roasted Corn Market Analysis

Form:

• Whole
• Splits
• Flour
• Starch

Category:

• Organic
• Conventional

Application:

• Food and beverage
• Animal feed

Leading Players in the Roasted Corn Market

• N. L. Food Industries 
• Laxcorn 
• Barberá Snacks SL 
• H.J. Heinz Company Brands LLC 
• SunOpta Inc. 
• Del Monte Food 
• AIM Biscuits 
• Fresh Nuts GmbH 
• The Naked Nut Growers

Significant Developments in the Roasted Corn Market Sector

• In 2021, N. L. Food Industries launched a new line of roasted corn snacks.
• In 2020, Barberá Snacks SL invested in a new production facility to increase its roasting capacity.
• In 2019, SunOpta Inc. acquired The Naked Nut Growers, a leading producer of roasted corn kernels.

Comprehensive Coverage Roasted Corn Market Report

• The roasted corn market report provides a comprehensive analysis of the market, including its size, growth, trends, drivers, challenges, and opportunities.
• The report also includes profiles of leading companies in the market, as well as an analysis of their financial performance, strategies, and products.

Regional Insight

The market for roasted corn is anticipated to witness notable growth in the Asia-Pacific region, driven by the increasing popularity of ready-to-eat snacks and convenience foods. This surge in demand can be attributed to the region's rapidly expanding urban population and changing consumer lifestyles.

Additionally, the rising disposable income levels, particularly in emerging economies such as China and India, have contributed to the growing demand for roasted corn as a savory and convenient snack option. Furthermore, the proliferation of street vendors and food stalls specializing in roasted corn has made it a widely accessible treat across the region.

Consumer Side Analysis

• Consumers are increasingly demanding healthier and more convenient food options.
• Roasted corn is perceived as a healthy and nutritious snack.
• The growing popularity of on-the-go snacks is contributing to the demand for roasted corn.

SWOT Analysis

Strengths:

• Versatile and nutrient-rich
• Affordable
• Long shelf life

Weaknesses:

• Susceptible to spoilage
• Can be high in calories

Opportunities:

• Growing demand for healthy and convenient snacks
• Expanding global population
• Technological advancements

Threats:

• Fluctuations in corn prices
• Competition from other snack foods