“According to Fairfield Market Research, the global corn flour market was valued at US$16.2 Bn in 2019 and will reach a valuation of US$28.2 Bn by 2026, registering a CAGR of 8.2% between the forecast years of 2021 to 2026.”
Demand for Healthier Snacks to Drive Global Corn Flour Market
The global corn flour market is gaining momentum with changing customer tastes for healthy snacks. A multitude of health benefits linked with maize will boost the cornflour market as the range of food products alters on retail shelves. Minerals like magnesium, iron, manganese, copper, phosphorus, and zinc are found in maize that help to improve bone strength, renal function, maintain a healthy heart rate, and regulate regular growth. It also helps with both types of diabetes by maintaining blood sugar levels. All of the above factors will boost the global corn flour market among health-conscious customers during the forecast years of 2021 to 2026.
Manufacturers Cater to Unmet Demand for Gluten-Free Bakery Products as Dietary Preferences Shift
Gluten-free corn flour is becoming increasingly popular in the precooked corn flour market. As this trend intensifies, industry participants have been obliged to improve gluten-free bread and cake qualities. Among all uses in the precooked corn flour industry, bread items account for the most volume. The bakery and confectionary segment held a share of about 42% in 2021 and analysts anticipate the segment will continue dominate throughout the forecast period.
Gluten-free goods are in high demand due to the rising prevalence of autoimmune digestive illnesses caused by gluten consumption. Companies in the precooked corn flour market are employing gums as gluten substitutes to simulate the viscoelastic properties of gluten in order to stay competitive. Gums are often used by manufacturers to improve dough performance and alter cake qualities. Low-phenylalanine bread for phenylketonuria sufferers is made with xanthan and carboxy methyl cellulose gums in corn starch. Apart from maize, precooked corn flour manufacturers are expanding their gluten-free bread products to include rice and buckwheat.
Lack of Proper Storage in Developing Counties Acts as a Hindrance to Corn Flour Market
According to the FAO, a quarter to half of all food produced in the globe is wasted each year due to a lack of suitable handling, storage, and transportation facilities between farm and eventual consumers. Developing countries such as China, India, and Brazil, among others, account for a large portion of the food loss since they lack contemporary infrastructure despite being the top producers of grain crops and related products.
According to the Food Corporation of India (FCI), between 2005 and March 2013, 194,502 metric tonnes of food was wasted in India for various causes. According to a University of Illinois agricultural economist, Brazil also reported a loss of around 10% of the total grain crops in 2013, owing to poor infrastructure. Thus, the lack of proper infrastructure acts as a challenge for companies to expand their market in emerging economies.
North America and Europe Emerge as Key Regional Markets in Global Corn Flour Market
Globally, North America and Europe are expected to lead the global corn flour market by the end of 2026. Nonstop product launches and demand for healthy snacks are expected to drive these regional markets. Use of product item in manufacturing tortilla chips and other bakery & snack products is one of the major key drivers for increasing demand in the region. Also, it contains high level of corn starch which helps substantially in preparing extruded snack products and processed food where maize flavour is preferred. Another major factor for growth of product market in the region is increasing Hispanic groups and rising demand for product-based food items across the U.S. Moreover, increasing population and escalating numbers of restaurants will fuel the market growth in the region. The Asia Pacific corn flour market is developing strong and will be the fastest growing market anticipating a high CAGR. Increasing population, rising spending capacity on staple food, high demand for fast food, and escalating disposable income in consumers are major factors for future growth in the region.
Global Corn Flour Market: Competitive Landscape
The global corn flour market is highly diversified and competitive in nature owing to the presence of large number of local and international manufacturers, globally. Also, numerous producers of corn flour have made huge production facilities available in several countries. Some of the leading market players identified are Bunge, BASF, Cargill, Gruma, Clariant, Solvay, Grain Millers, Evonik and Glen Miller. Some other key vendors present in the market are W.R. Grace, Buffaloe Milling, Minsa Corp, C.H Guenther and sons, Grupo Bimbo, Shaff Farms, SEMO Milling and Ingredion Lifeline Foods. Product market is witnessing a strong competition, globally. Many market players are acquiring or merging with small and large manufacturers to sustain in this competitive market.
The Global Corn Flour Market is Segmented as Below:
By Nature Coverage
By Application Coverage
By Distribution Coverage
By Geographical Coverage
Leading Companies
Inside This Report You Will Find:
1. Executive Summary
2. Market Overview
3. Global Corn Flour Market Outlook, 2018 - 2026
4. North America Corn Flour Market Outlook, 2018 - 2026
5. Europe Corn Flour Market Outlook, 2018 - 2026
6. Asia Pacific Corn Flour Market Outlook, 2018 - 2026
7. Latin America Corn Flour Market Outlook, 2018 - 2026
8. Middle East & Africa Corn Flour Market Outlook, 2018 - 2026
9. Competitive Landscape
10. Appendix
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1. Executive Summary
1.1. Global Corn Flour Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions
2.2. Market Taxonomy
2.3. Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.4. Value Chain Analysis
2.5. Porter’s Five Forces Analysis
2.6. Covid-19 Impact Analysis
2.7. Key Patents
3. Global Corn Flour Market Outlook, 2018 - 2026
3.1. Global Corn Flour Market Outlook, by Distribution Channel (US$ ‘000), 2018 - 2026
3.1.1. Key Highlights
3.1.1.1. Direct
3.1.1.2. Indirect
3.1.2. BPS Analysis/Market Attractiveness Analysis
3.2. Global Corn Flour Market Outlook, by Nature, Value (US$ ‘000), 2018 - 2026
3.2.1. Key Highlights
3.2.1.1. Organic
3.2.1.2. Conventional
3.2.2. BPS Analysis/Market Attractiveness Analysis
3.3. Global Corn Flour Market Outlook, by Application, Value (US$ ‘000), 2018 - 2026
3.3.1. Key Highlights
3.3.1.1. Bakery and Confectionary
3.3.1.2. Snack Food
3.3.1.3. Others
3.3.2. BPS Analysis/Market Attractiveness Analysis
3.4. Global Corn Flour Market Outlook, by Region, Value (US$ ‘000), 2018 - 2026
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
3.4.2. BPS Analysis/Market Attractiveness Analysis
4. North America Corn Flour Market Outlook, 2018 - 2026
4.1. North America Corn Flour Market Outlook, by Distribution Channel (US$ ‘000), 2018 - 2026
4.1.1. Key Highlights
4.1.1.1. Direct
4.1.1.2. Indirect
4.1.2. BPS Analysis/Market Attractiveness Analysis
4.2. North America Corn Flour Market Outlook, by Nature, Value (US$ ‘000), 2018 - 2026
4.2.1. Key Highlights
4.2.1.1. Organic
4.2.1.2. Conventional
4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Corn Flour Market Outlook, by Application, Value (US$ ‘000), 2018 - 2026
4.3.1. Key Highlights
4.3.1.1. Bakery and Confectionary
4.3.1.2. Snack Food
4.3.1.3. Others
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Corn Flour Market Outlook, by Country, Value (US$ ‘000), 2018 - 2026
4.4.1. Key Highlights
4.4.1.1. U.S. Corn Flour Market by Value (US$ ‘000), 2018 - 2026
4.4.1.2. Canada Corn Flour Market by Value (US$ ‘000), 2018 - 2026
4.4.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Corn Flour Market Outlook, 2018 - 2026
5.1. Europe Corn Flour Market Outlook, by Distribution Channel (US$ ‘000), 2018 - 2026
5.1.1. Key Highlights
5.1.1.1. Direct
5.1.1.2. Indirect
5.1.2. BPS Analysis/Market Attractiveness Analysis
5.2. Europe Corn Flour Market Outlook, by Nature, Value (US$ ‘000), 2018 - 2026
5.2.1. Key Highlights
5.2.1.1. Organic
5.2.1.2. Conventional
5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Corn Flour Market Outlook, by Application, Value (US$ ‘000), 2018 - 2026
5.3.1. Key Highlights
5.3.1.1. Bakery and Confectionary
5.3.1.2. Snack Food
5.3.1.3. Others
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Corn Flour Market Outlook, by Country, Value (US$ ‘000), 2018 - 2026
5.4.1. Key Highlights
5.4.1.1. Germany Corn Flour Market by Value (US$ ‘000), 2018 - 2026
5.4.1.2. France Corn Flour Market by Product, Value (US$ ‘000), 2018 - 2026
5.4.1.3. U.K. Corn Flour Market by Value (US$ ‘000), 2018 - 2026
5.4.1.4. Italy Corn Flour Market by Value (US$ ‘000), 2018 - 2026
5.4.1.5. Spain Corn Flour Market by Product, Value (US$ ‘000), 2018 - 2026
5.4.1.6. Rest of Europe Corn Flour Market Value (US$ ‘000), 2018 - 2026
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Corn Flour Market Outlook, 2018 - 2026
6.1. Asia Pacific Corn Flour Market Outlook, by Distribution Channel (US$ ‘000), 2018 - 2026
6.1.1. Key Highlights
6.1.1.1. Direct
6.1.1.2. Indirect
6.1.2. BPS Analysis/Market Attractiveness Analysis
6.2. Asia Pacific Corn Flour Market Outlook, by Nature, Value (US$ ‘000), 2018 - 2026
6.2.1. Key Highlights
6.2.1.1. Organic
6.2.1.2. Conventional
6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Corn Flour Market Outlook, by Application, Value (US$ ‘000), 2018 - 2026
6.3.1. Key Highlights
6.3.1.1. Bakery and Confectionary
6.3.1.2. Snack Food
6.3.1.3. Others
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Corn Flour Market Outlook, by Country, Value (US$ ‘000), 2018 - 2026
6.4.1. Key Highlights
6.4.1.1. India Corn Flour Market by Value (US$ ‘000), 2018 - 2026
6.4.1.2. China Corn Flour Market by Value (US$ ‘000), 2018 - 2026
6.4.1.3. Japan Corn Flour Market by Value (US$ ‘000), 2018 - 2026
6.4.1.4. Australia & New Zealand Corn Flour Market Value (US$ ‘000), 2018 - 2026
6.4.1.5. Rest of Asia Pacific Market by Value (US$ ‘000), 2018 - 2026
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Corn Flour Market Outlook, 2018 - 2026
7.1. Latin America Corn Flour Market Outlook, by Distribution Channel (US$ ‘000), 2018 - 2026
7.1.1. Key Highlights
7.1.1.1. Direct
7.1.1.2. Indirect
7.1.2. BPS Analysis/Market Attractiveness Analysis
7.2. Latin America Corn Flour Market Outlook, by Nature, Value (US$ ‘000), 2018 - 2026
7.2.1. Key Highlights
7.2.1.1. Organic
7.2.1.2. Conventional
7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Corn Flour Market Outlook, by Application, Value (US$ ‘000), 2018 - 2026
7.3.1. Key Highlights
7.3.1.1. Bakery and Confectionary
7.3.1.2. Snack Food
7.3.1.3. Others
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Corn Flour Market Outlook, by Country, Value (US$ ‘000), 2018 - 2026
7.4.1. Key Highlights
7.4.1.1. Brazil Corn Flour Market by Value (US$ ‘000), 2018 - 2026
7.4.1.2. Mexico Corn Flour Market by Value (US$ ‘000), 2018 - 2026
7.4.1.3. Rest of Latin America Corn Flour Market by Value (US$ ‘000), 2018 - 2026
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Corn Flour Market Outlook, 2018 - 2026
8.1. Middle East & Africa Corn Flour Market Outlook, by Distribution Channel (US$ ‘000), 2018 - 2026
8.1.1. Key Highlights
8.1.1.1. Direct
8.1.1.2. Indirect
8.1.2. BPS Analysis/Market Attractiveness Analysis
8.2. Middle East & Africa Corn Flour Market Outlook, by Nature, Value (US$ ‘000), 2018 - 2026
8.2.1. Key Highlights
8.2.1.1. Organic
8.2.1.2. Conventional
8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Corn Flour Market Outlook, by Application, Value (US$ ‘000), 2018 - 2026
8.3.1. Key Highlights
8.3.1.1. Bakery and Confectionary
8.3.1.2. Snack Food
8.3.1.3. Others
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Corn Flour Market Outlook, by Country, Value (US$ ‘000), 2018 - 2026
8.4.1. Key Highlights
8.4.1.1. GCC Corn Flour Market by Value (US$ ‘000), 2018 - 2026
8.4.1.2. South Africa Corn Flour Market by Value (US$ ‘000), 2018 - 2026
8.4.1.3. Rest of Middle East & Africa Corn Flour Market by Value (US$ ‘000), 2018 - 2026
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Company Market Share Analysis, 2019
9.2. Company Profiles
9.2.1. Archer Daniels Midland Company
9.2.1.1. Company Overview
9.2.1.2. Key Retailing Partners
9.2.1.3. Business Segment Revenue
9.2.1.4. Ingredient Overview
9.2.1.5. Product Offering & its Presence
9.2.1.6. Certifications & Claims
9.2.2. General Mills, Inc
9.2.3. King Arthur Flour Co.
9.2.4. Bob’s Red Mill Natural Foods
9.2.5. Minsa Corp
9.2.6. Hopkinsville Milling Co
9.2.7. Buffaloe Milling CO Inc
9.2.8. BASF
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations
BASE YEAR |
HISTORICAL DATA |
FORECAST PERIOD |
UNITS |
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2020 |
|
2018 - 2020 |
2021 - 2026 |
Value: US$ Million
|
REPORT FEATURES |
DETAILS |
Nature Coverage |
|
Application Coverage |
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Distribution Coverage |
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Geographical Coverage |
|
Leading Companies |
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Report Highlights |
Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Product-, Application-, Region-, Country-wise Trends & Analysis, COVID-19 Impact Analysis, Key Trends |
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