Corn flour market revenue will exceed US$28.2 billion by 2026

LONDON, Nov. 16, 2022 (GLOBE NEWSWIRE) — Fairfield Market Research provides detailed growth analysis and forecast for world market for cornmeal in his newly published report. Exhibiting an estimated CAGR of more than 8% among 2021 and 2026, the global corn flour market is projected to jump from US$16.2 billion (2019) to US$28.2 billion by the end of the forecast year. The gluten-free profile of cornmeal will continue to be the most important factor driving revenue from the cornmeal market in the long term. Sales of corn flour and corn starch have increased in line with the burgeoning gluten-free trend in the industry and with an increasing number of consumers showing a preference for a healthier dietary lifestyle, it is likely that the cornmeal market is in an uptrend. The expansion of gluten-free categories at retail is also expected to benefit the cornmeal market going forward, the report says. Innovative launches such as corn wafers, pasta, nachos, tacos, soups and tortilla chips will further support market growth. A thriving trend for healthy snacks is likely to support growth in demand for cornmeal, according to the research findings. The perceived health benefits associated with corn and corn consumption will keep demand up.

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key research perspectives

  • Corn flour market valuation is poised for more than 1.7-fold expansion during 2019 and 2026
  • Snacks remain the leading market segment with over 47% share, followed by bakery.
  • Europe continues to lead the world corn flour market with almost 1/3rd value share

Information about segmental analysis

While snack foods represent the main application segment in the global cornmeal market, bakery and confectionery also reflect promising potential. The former currently represents more than 47% of the market share, followed by the latter. The rise of convenience categories such as ready-to-cook, ready-to-eat and ready-to-drink meals will largely buoy cornmeal consumption in the snack food segment. While opportunities abound in bakery and confectionery in light of the increasing popularity of gluten-free baking in the recent past. The report highlights a huge unmet demand for gluten-free bakery products with natural hydrocolloids. Nature-based market analysis reveals that while the conventional variant leads the pack in the cornmeal market, organic cornmeal has also been gaining ground and will most likely witness a phenomenal rise in the long run. term.

Key Report Highlightyes

  • The severe lack of adequate storage, handling and transportation facilities, and contemporary infrastructure continues to challenge the continued expansion of the market in developing nations.
  • China, India, and Brazil especially grapple with massive volumes of food waste, which remains a significant influence for grain crop producers. This will remain a longstanding challenge facing the cornmeal market in developing regions.

Information on regional analysis

With around a third of the overall market valuation, Europe remains the main market for cornmeal producers. The report estimates a strong growth outlook for Europe’s cornmeal market through to the end of 2026, as the region is home to the world’s largest bakery industry and has provided a strong breeding ground for the proliferation of food trends. and beverages, such as healthy and gluten-free snacks. The rapid expansion of functional food categories in key European markets will also maintain the growth outlook for the corn flour market in the region. North America also represents an equally important market due to the growing trend of healthy snacks and frequent new launches in the category. North America, the center of the processed food sector, is expected to remain a highly lucrative market for corn flour throughout the projection period. On the other hand, the report highlights the strong growth potential of Asia Pacific, attributing it to the rapidly expanding fast food industry and the impressive growth of the processed food sector.

World corn flour market Competition

General Mills, Inc., Archer-Daniels-Midland Company, Bunge, BASF, Cargill, Gruma, Clariant, Solvay, Grain Millers, Evonik, Glen Miller, WR Grace, Buffaloe Milling, Minsa Corp, CH Guenther and sons, Grupo Bimbo, Shaff Farms, SEMO Milling, Ingredient Lifeline Foods, King Arthur Flour Co., Bob’s Red Mill Natural Foods, Hopkinsville Milling Co.

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SCOPE OF THE REPORT

report attributes Details
base year 2020
forecast year 2021 – 2026
Market size in 2019 US$16.2 billion
Estimated market size in 2026 US$28.2 billion
CAGR 8.2%
Key players. main players General Mills, Inc., Archer-Daniels-Midland Company, Bunge, BASF, Cargill, Gruma, Clariant, Solvay, Grain Millers, Evonik, Glen Miller, WR Grace, Buffaloe Milling, Minsa Corp, CH Guenther and sons, Grupo Bimbo, Shaff Farms, SEMO Milling, Ingredient Lifeline Foods, King Arthur Flour Co., Bob’s Red Mill Natural Foods, Hopkinsville Milling Co.

Market segmentation

Nature Coverage

Application coverage

  • Bakery and Confectionery
  • snacks
  • Others

Distribution Coverage

Geographic coverage

  • North America
  • Europe
  • Latin America
  • Middle East and Africa
  • Pacific Asia

Leading companies

  • Archer Daniels Midland Company
  • Burning Mills, LLC
  • General Mills, Inc.
  • King Arthur Flour Co.
  • bead craft
  • North Dakota Mill
  • Bob’s Red Mill Natural Foods
  • USA
  • Miller Milling Archer-Daniels-Midland Company
  • General Mills, Inc.
  • King Arthur Flour Co.
  • Bob’s Red Mill Natural Foods
  • Minsa Corporation
  • Hopkinsville Grinding Company
  • Buffaloe Milling CO Inc.
  • BASF

report inclusions

  • Market estimates and forecast
  • Market dynamics
  • industrial trends
  • Competition Landscape
  • natural analysis
  • Application Analysis
  • Distribution Analysis
  • Analysis by region
  • Analysis by country
  • Key Trend Analysis
  • COVID-19 Impact Analysis

About us

Fairfield Market Research is a UK based market research provider. Fairfield offers a wide range of services, ranging from custom reports to consulting solutions. With a strong European presence, Fairfield operates globally and helps companies navigate through business cycles, with quick responses and multiple approaches. The company values ​​a keen eye for insightful insight into global affairs, ably supported by a team of exceptionally experienced researchers. With a robust repository of syndicated market research reports that are continually published and updated to ensure that changing customer needs are met with absolute promptness.

Contact

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Web: https://www.fairfieldmarketresearch.com/
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