The global corn silk extract market size is anticipated to register a substantial CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the rising product awareness and increasing corn production and consumption.
Corn silk is made up of stigma, which is a yellow silk thread strand drawn from female flower of maize. This silk is produced from waste material collected from corn cultivation. Corn silk or stigma is an important herb, which was traditionally used to treat various diseases such as cystitis, edema, kidney stones, prostate disorder, diuretic, and urinary infections.
Corn silk extract contains antioxidant properties and confers various healthcare applications such as anti-depressant agent, hyperglycaemic reduction, and anti-fatigue agent. The use of corn silk extract is related to its properties and mechanism of action of its constituents such as terpenoids and flavonoids. It protects against radiation and nephrotoxicity.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for natural products owing to their minimal side effects is projected to boost the corn silk extract market.
- Low cost production of corn silk extract is expected to drive the market expansion during the forecast period.
- Post-harvest factors such as moisture content of the extract can hamper the growth of the market.
- The Covid-19 pandemic has impacted the supply and demand scenario in the corn silk extract market. However, the market is anticipated to recover by end of 2021.
- Growing demand for herbal products owing to awareness about their health benefits is anticipated to create significant opportunities for the market players in the coming years.
Global Corn Silk Extract Market Segment Insights
Corn silk extract powder segment to account a significant market share
In terms of types, the market is segmented into corn silk extract powder and liquid corn silk extract. The corn silk extract powder segment is anticipated to hold a significant market share owing to its increasing use in dietary supplement. Increasing inclination toward fitness activities is expected to drive the segment growth. Moreover, growing awareness about the benefits of corn silk extract power is anticipated to spur the segment growth.
Pharmacy segment to represent a substantial market share
On the basis of applications, the global corn silk extract market is classified as pharmacy, food & beverages, and others. The pharmacy segment is anticipated to represent a substantial market share during the forecast period. Corn silk extract is used as a medicine to treat diseases related to cardiac system, urinary system, and endocrine system. Rising awareness about the benefits of corn silk extract is driving the segment growth.
Asia Pacific to dominate the market share
Based on regions, the global corn silk extract market is divided into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period. China, India, and Vietnam is expected to stronghold their position in the market as these countries are large producer and consumer of corn silk extract. Conversely, the market in North America is expected to grow at a steady rate during the forecast period.
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