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Corn Flour Market Overview
Corn Flour Market size is estimated to reach $37.6 billion by 2027, growing at a CAGR of 8.1% during the forecast period 2022-2027. Corn flour is made from dried entire corn kernels processed into flour. It is a whole grain flour since it contains the hull, germ, and endosperm of corn. Corn flour is normally yellow, however, depending on the type of corn used, it can also be white or blue. It has a fine and smooth texture, similar to whole wheat flour. Corn flour is mostly used for the preparation of bakery products and is applied in various skin exploitation. For the preparation of healthy pet foods, cornflour is mostly used. Moreover, it is used in the various food industry like bakery products, snacks, ready-to-eat foods, and so on. Corn flour is used as an alternative for rice and wheat or mixed with wheat flour as a gluten-free product. Corn flour offers baked dishes and other meals structure. It's frequently coupled with a binder, like eggs, to give it shape. Corn flour is often used in bread, muffins, waffles, pancakes, battered and fried meals, blinis, and other baked goods. Corn flour is like a thickening agent that is used to thicken soups and other liquid-based dishes including sauces, gravies, and custard. Although corn flour or corn starch tastes starchy and glucose tastes sweet, a spoonful of corn starch is truly chemically equivalent to a spoonful of glucose, at least so far as the body sees it..
The surging demand for corn-based healthy snacks including tortilla chips, corn chips, taco shells, and an extensive assortment of additional recognized food products is set to drive the Corn Flour Market. The proliferating customer demand for gluten-free products owing to different health issues associated with gluten is set to propel the growth of the Corn Flour Market during the forecast period 2022-2027. This represents the Corn Flour Global Industry Outlook.
Corn Flour Market Report Coverage
The report: “Corn Flour Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Corn Flour Market.
By Application - Bakery And Confectionary, Snacks, Pharmaceuticals, and Others.
By Distribution Channel - Supermarkets, Convenience Stores, Online Stores, and Others.
By Geography - North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest Of The World (Middle East, Africa).
Key Takeaways
- Geographically, North America (Corn Flour Market) accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the altering intake pattern and frantic lifestyle among consumers. which has led to a surge in the intake of packaged foods and soaring demand for corn flour.
- Corn Flour Market growth is being driven by the extensive demand for healthy soups and pasta prepared with corn flour as a principal constituent. However, corn flour is soaring in calories which makes it unsuitable for intake if one is on a weight-loss diet plan and this is one of the major factors hampering the growth of the Corn Flour Market.
- Corn Flour Market Detailed Analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Corn Flour Market report.
Corn Flour Market- Market Share (%) by Region, 2021
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Corn Flour Market Segmentation Analysis - By Application
The Corn Flour Market based on the application can be further segmented into Bakery And Confectionery, Snacks, Pharmaceuticals, and Others. The Bakery And Confectionery Segment held the largest market share in 2021. This growth is owing to the surging demand for bakery products like cakes, muffins, cookies, pastries, and more resulting in the extensive application of corn flour assisting in offering good taste and texture in bakery products. Presently, the trend of celebration among the youth is spreading which is further expanding the demand for bakery and confectionery products. As per American Bakers Association, about $423 billion in baked goods is produced and marketed in the U.S. Therefore the proliferating demand for corn flour in the bakery and confectionery industry is further propelling the growth of the Bakery and Confectionary segment.
Furthermore, the Snacks segment is estimated to grow with the fastest CAGR of 9.1% during the forecast period 2022-2027 owing to the frantic lifestyles and altering consumption patterns, attracting people towards convenience foods employing corn flour, the surging usage of corn flour as a binding agent in ready to eat snacks by manufacturers, the soaring trend of indoor snacking during the pandemic and makers developing products with great protein, vitamin, and nutrient content offering consumers with on-the-go nutrition while snacking.
Corn Flour Market Segmentation Analysis - By End-Use Industry
The Corn Flour Market based on End-Use Industry can be further segmented into Supermarkets, Convenience Stores, Online Stores, and Others. The Supermarkets Segment held the largest market share in 2021. This growth is owing to the different factors like increased consumer preference towards snacks and bakery products which leads them to purchase corn flour as a principal constituent from supermarkets. The soaring availability of different brands of corn starch or corn flour in supermarkets to meet the typical grocery purchase expectations of the consumers is further propelling the growth of this segment.
Furthermore, the Online Stores segment is estimated to grow with the fastest CAGR of 9.7% during the forecast period 2022-2027 owing to the current consumer preference to buy products online attributed to the lack of time to visit shops amidst their busy schedules in conjunction with the application of progressive digital technology to develop the online channels with appropriate alternatives for every kind of consumer taste resulting in enhanced acceptance of online stores in daily life.
Corn Flour Market Segmentation Analysis - By Geography
The Corn Flour Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. In 2021, North America (Corn Flour Market) held the largest share with 38% of the overall market in 2021. The growth of this region is owing to the soaring intake of packaged foods by consumers amidst their frantic schedules heightening the requirement for corn flour in the North-American region. Corn flour is utilized in a series of snacks to enhance the taste and texture, resulting in the production of an assortment of packaged foods by makers. According to the United States Grains Council, corn exports to the U.S. would total 69.8 million metric tonnes in 2020. Furthermore, corn output in the U.S. increased by 7% in 2020, resulting in increased utilization in a variety of industries, propelling the growth of the Corn Flour Market in the North-American region.
Corn Flour Market - Drivers
Increasing Consumption Of Ready-To-Eat Foods Has Readily Aided The Market Growth
As per the National Institute of Health, around 97% of the population consumes ready-to-eat foods in their daily intake pattern. The demand for ready-to-eat (RTE) foods is burgeoning among individuals owing to their consumption without any further preparation and assistance in time savings. Demand for RTE food products is also being driven by the expanding number of quick-service restaurants (QSRs) and the emerging café culture, in conjunction with heightening consumer spending power. Owing to the rising demand for ready-to-eat snacks, the usage of corn flour also increases attributed to its assistance in making the foods tastier. Makers are introducing creative ready-to-eat flavored variants that are rich in functional constituents to cater to nutritional requirements, which is also contributing to their extensive preference among consumers. On-the-go snacking is becoming greatly recognized, specifically among the working-class people. The increasing consumption of ready-to-eat foods is therefore propelling the growth of the Corn Flour Market during the forecast period 2022-2027.
Growth Of The Bakery Industry Is Fuelling The Corn Flour Market
As per the Food Safety and Standards Authority of India (FSSAI), the bakery industry is growing at a rate of 9% in 2020. The bakery sector is one of the world's fastest-growing food industries. Bread, biscuits, and cookies are some of the most recognized bakery items. These are essential meal snacks for both youngsters and adults. Refined corn flour is used to make the majority of bread items. Bakery products with minimal protein and fiber content, like pizza, cookies, and biscuits, are consumed in significant quantities around the world. In the food business, bakery items play a significant role. As the production of bakery products expands to include a wider range of items, consumers presently possess a greater selection of bakery products to choose from. Since the bakery sector offers such a diverse selection of baked goods, consumers are increasingly seeking out novel options, giving the industry a motive to improve and innovate bakery products in order to satisfy health-conscious customers. The rising growth of the bakery industry is therefore fuelling the growth of the Corn Flour Market during the forecast period 2022-2027.
Corn Flour Market - Challenges
Growing Health Issues Owing To Excessive Consumption Of Corn Flour Hampers The Market Growth
As per the World Health Organization, more than 1.9 billion adults are suffering from obesity in 2020. Currently, people are consuming corn flour in their daily intake in different food items like stews, casseroles, soups, sweet and savory sauces, corn bread, muffins, pancakes, polenta, sponges cakes, and tortillas which is causing obesity and diabetes. Therefore, consumers are avoiding consuming food that includes corn flour which is hampering the demand for corn flour. Thus, the adoption of corn flour is reducing among people which in turn is challenging the growth of the Corn Flour Market.
Corn Flour Industry Outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Corn Flour Market. The Corn Flour Global top 10 companies are:
- Bonn Group
- Ferrero International S.A.
- Crown Bakeries
- Cargill Inc.
- Clariant AG
- Solvay S.A.
- Grain Millers
- Evonik Industries AG
- Glen Miller
- BASF SE
Recent Developments
- In June 2021, Crown Bakeries acquired Michel’s Bakery. Founded in 1898 and owned by the Liss family for generations, Michel’s bakes and delivers a series of great quality sweet baked goods for leading consumer brands and grocery retailers. The terms of the transaction were not revealed.
- In October 2020, the debut of Ferrero with the Nutella Biscuits was a profitable one, so much so that presently the aim is to double production at the Balvano plant in Basilicata from 16,000 to 33,000 tons per year. The initiative is the portion of a range of investments beginning with the introduction of the novel Kinder brand plumcake prepared with Greek yogurt. For Ferrero, this means experimenting with a novel format in the sweet bakery sector.
- In June 2020, Bonn Group launched a range of cupcakes and bar cakes. The brand has disclosed a series of eggless cupcakes and barcakes in mixed fruit, chocolate, and vanilla flavors across the North Indian states of Delhi, UP, Haryana, Punjab, and Himachal Pradesh. The cakes are soft and baked hygienically to completeness.
Related Reports-
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Report Code - FBR 49740
Report Code - FBR 10569
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1. Corn Flour Market Overview
1.1 Definitions and Scope
2. Corn Flour Market - Executive Summary
3. Corn Flour Market – Market Landscape
3.1 Company Benchmarking- Key Companies
3.2 Key Company Financial Analysis
3.3 Market Share Analysis
3.4 Patent Analysis
3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Corn Flour Market – Startup Company Scenario (Premium)
4.1 Investment
4.2 Revenue
4.3 Venture Capital and Funding Scenario
5. Corn Flour Market – Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Scenario
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Corn Flour Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Corn Flour Market – By Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle Analysis
8. Corn Flour Market – By Application (Market Size –$Million/$Billion)
8.1 Bakery And Confectionery
8.2 Snacks
8.3 Pharmaceuticals
8.4 Others
9. Corn Flour Market - By Distribution Channel (Market Size –$Million/$Billion)
9.1 Supermarkets
9.2 Convenience Stores
9.3 Online Stores
9.4 Others
10. Corn Flour Market - By Geography (Market Size -$Million/Billion)
10.1 North America
10.1.1 U.S
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 Germany
10.2.2 France
10.2.3 UK
10.2.4 Italy
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 Japan
10.3.3 South Korea
10.3.4 India
10.3.5 Australia & New Zealand
10.3.6 Rest of Asia-Pacific
10.4 South America
10.4.1 Brazil
10.4.2 Argentina
10.4.3 Chile
10.4.4 Colombia
10.4.5 Rest of South America
10.5 Rest Of The World
10.5.1 Middle East
10.5.2 Africa
11. Corn Flour Market - Market Entropy
11.1 New product launches
11.2 M&A's, collaborations, JVs and partnerships
12. Corn Flour Market – Industry Competition Landscape (Premium)
12.1 Market Share Analysis
12.1.1 Global Market Share – Key Companies
12.1.2 Market Share by Region – Key Companies
12.1.3 Market Share by Countries – Key Companies
12.2 Competition Matrix
12.3 Best Practices for Companies
13. Corn Flour Market – Key Company List by Country Premium (Premium)
14. Corn Flour Market - Company Analysis
14.1 Company 1
14.2 Company 2
14.3 Company 3
14.4 Company 4
14.5 Company 5
14.6 Company 6
14.7 Company 7
14.8 Company 8
14.9 Company 9
14.10 Company 10
"*Financials would be provided on a best-efforts basis for private companies"
LIST OF TABLES
1.Global Corn Flour MARKET, BY TYPE Market 2023-2030 ($M)1.1 Sweet Degermed Corn Flour Market 2023-2030 ($M) - Global Industry Research
1.2 Waxy Degermed Corn Flour Market 2023-2030 ($M) - Global Industry Research
2.Global Corn Flour MARKET, BY TYPE Market 2023-2030 (Volume/Units)
2.1 Sweet Degermed Corn Flour Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Waxy Degermed Corn Flour Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Corn Flour MARKET, BY TYPE Market 2023-2030 ($M)
3.1 Sweet Degermed Corn Flour Market 2023-2030 ($M) - Regional Industry Research
3.2 Waxy Degermed Corn Flour Market 2023-2030 ($M) - Regional Industry Research
4.South America Corn Flour MARKET, BY TYPE Market 2023-2030 ($M)
4.1 Sweet Degermed Corn Flour Market 2023-2030 ($M) - Regional Industry Research
4.2 Waxy Degermed Corn Flour Market 2023-2030 ($M) - Regional Industry Research
5.Europe Corn Flour MARKET, BY TYPE Market 2023-2030 ($M)
5.1 Sweet Degermed Corn Flour Market 2023-2030 ($M) - Regional Industry Research
5.2 Waxy Degermed Corn Flour Market 2023-2030 ($M) - Regional Industry Research
6.APAC Corn Flour MARKET, BY TYPE Market 2023-2030 ($M)
6.1 Sweet Degermed Corn Flour Market 2023-2030 ($M) - Regional Industry Research
6.2 Waxy Degermed Corn Flour Market 2023-2030 ($M) - Regional Industry Research
7.MENA Corn Flour MARKET, BY TYPE Market 2023-2030 ($M)
7.1 Sweet Degermed Corn Flour Market 2023-2030 ($M) - Regional Industry Research
7.2 Waxy Degermed Corn Flour Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Corn Flour Global Market Revenue, 2023-2030 ($M)2.Canada Corn Flour Global Market Revenue, 2023-2030 ($M)
3.Mexico Corn Flour Global Market Revenue, 2023-2030 ($M)
4.Brazil Corn Flour Global Market Revenue, 2023-2030 ($M)
5.Argentina Corn Flour Global Market Revenue, 2023-2030 ($M)
6.Peru Corn Flour Global Market Revenue, 2023-2030 ($M)
7.Colombia Corn Flour Global Market Revenue, 2023-2030 ($M)
8.Chile Corn Flour Global Market Revenue, 2023-2030 ($M)
9.Rest of South America Corn Flour Global Market Revenue, 2023-2030 ($M)
10.UK Corn Flour Global Market Revenue, 2023-2030 ($M)
11.Germany Corn Flour Global Market Revenue, 2023-2030 ($M)
12.France Corn Flour Global Market Revenue, 2023-2030 ($M)
13.Italy Corn Flour Global Market Revenue, 2023-2030 ($M)
14.Spain Corn Flour Global Market Revenue, 2023-2030 ($M)
15.Rest of Europe Corn Flour Global Market Revenue, 2023-2030 ($M)
16.China Corn Flour Global Market Revenue, 2023-2030 ($M)
17.India Corn Flour Global Market Revenue, 2023-2030 ($M)
18.Japan Corn Flour Global Market Revenue, 2023-2030 ($M)
19.South Korea Corn Flour Global Market Revenue, 2023-2030 ($M)
20.South Africa Corn Flour Global Market Revenue, 2023-2030 ($M)
21.North America Corn Flour Global By Application
22.South America Corn Flour Global By Application
23.Europe Corn Flour Global By Application
24.APAC Corn Flour Global By Application
25.MENA Corn Flour Global By Application