Cornmeal Market: Global Industry Analysis and Forecast (2023-2029)

A Cornmeal Market size was valued at US$ 744.12 Million in 2022 and is expected to grow at 3.9% through 2023 to 2029, reaching nearly US$ 972.64 Million.
Cornmeal Market Overview:
Global Cornmeal is a type of staple food and it is ground to coarse, medium, and fine consistencies.

Cornmeal's vibrant flavour changes the tone of many dishes and it creates a crispy crust in the frying process. has plenty of fibers and is also rich in nutrients e.g. potassium, iron, zinc, magnesium, etc. Cornmeal has many applications in food processing along with household, is used widely in confectionery products, fast food products, etc. Cornmeal is becoming day by day a sustainable and economic food alternative in the global food market.

The report on the Cornmeal market provides readers with a more in-depth understanding of the market and competitive landscape, allowing them to make better decisions. The report's features include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Market growth rates. The study also includes company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information for the worldwide leading market players in the Cornmeal Market. The report investigates and ranks important market firms. This report also includes the major key players in the global market.

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Cornmeal Market Dynamics:
A major driver of the global market is its gluten-free nature. The gluten-free nature of is projected to benefit the global market, because of growing gluten awareness and celiac diseases among its consumers. There is a high demand for cornmeal products from fast food and confectionery businesses. The higher disposable income of the consumers is another factor that is expected to drive the global cornmeal market in the forecast period (2023-2029).

The key opportunity in the global cornmeal market growth is the growing population in the regions like the African continent and Asia-pacific countries. Due to higher population and fertility rates in these countries, the food demand in these regions is projected to grow in the aforementioned forecast period. Some regions in the African continent are facing hunger. To overcome this, the region’s food demand is expected to increase substantially which is further projected to drive the global cornmeal market growth in the same forecast period.

A major restraint in the global cornmeal market is expected to be a threat of other substitutes like wheat flour to traditional corn. The domestic feed industry prefers wheat to corn because it costs less than corn. This trend is expected to hamper the cornmeal market growth in the forecast period (2023-2029).
Cornmeal Market Segment Analysis:
By Type, the segments are blue, yellow, and white cornmeal. The yellow cornmeal segment is projected to grow at a high CAGR of 4.8% during the forecast period (2023-2029). This segment also held the highest share in the global cornmeal market in 2022.

There are distinct causes behind yellow corn having higher demand in the cornmeal market than white and blue cornmeal. Even though white cornmeal has a sweet taste, yellow cornmeal products are usually sweeter than their blue and white counterparts. That’s why yellow corn has a high demand in the bakery and food industry in general.

By Form, the segments are Whole Grain Cornmeal, Bolted Cornmeal, and Degermed Cornmeal. Degermed cornmeal held the highest share in the global cornmeal in the year 2022. This segment is projected to grow at a high CAGR during the forecast period (2023-2029).

The degermed cornmeal is projected to dominate the cornmeal market during the forecast period. This can be correlated with the processing methods of degermed corn. Degermed corn is obtained from yellow corn by milling it through steel rollers which in turn makes it uniform in its texture. It also removes oily germ and bran in the processing making it a shelf-stable product. That’s why degermed corn is a preferred product by the food industry as opposed to whole grain or bolted corn.

By End-Use, the segments are Food Processing, Food Service Providers, and Household. The food processing segment held the highest share in the global cornmeal market in the year 2022. This segment is also projected to grow at the highest CAGR of the other segments. This can be attributed to the high demand for corn in the food processing industry to make corn syrups, loaves of bread, cakes, etc. The growth in the household segment can be correlated with the demand for domestic feed in the farming households or cornmeal as a primary breakfast ingredient.
Regional Insights:
The Asia-Pacific region dominated the global cornmeal market in the year 2021. This region along with Africa and South America is projected to witness the highest growth in the global cornmeal market in the forecast period (2021-2029). This can be attributed to corn being one of the main ingredients in the daily diet in this region. Another reason can be the high import rates of cornmeal in the countries from this region. Malaysia alone was responsible for US$ 50 million worth of corn imports in 2021 followed by Mozambique and Lesotho at US$ 35 and US$ 25 million respectively.

The North American country the United States was the largest producer of corn in the world with 360 million metric tons followed by China with 260 million metric tons. The South American country Brazil was the third-largest producer of corn with 98.5 million metric tons of produce. The high export rates of these countries are indirectly projected to drive the global cornmeal market growth in the forecast period (2021-2029).

The objective of the report is to present a comprehensive analysis of the global Cornmeal market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Cornmeal market dynamics, structure by analyzing the market segments and projecting the global Cornmeal market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Cornmeal market make the report investor’s guide.
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Cornmeal Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 744.12 Million.


Forecast Period 2023 to 2029 CAGR:
3.9%
Market Size in 2029:
US $ 972.64 Million.


 Segments Covered:
by Type
White Cornmeal
Yellow Cornmeal
Others


by Form
Whole Grain Cornmeal
Bolted Cornmeal
Degermed Cornmeal


by End-Use
Food Processing
Food Service Providers
Household



Cornmeal Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Cornmeal Market Key Players
1.Cargill Inc.
2.General Mills, Inc.
3.Grain Millers, Inc.
4.Bunge Ltd.
5.Anson Mills, Ltd.
6.Goya Foods, Inc.
7.Lifeline Foods
8.Associated British Foods
9.Gruma
10.The Quaker Oats Company
11.Bob’s Red Mill Natural Foods, Inc.
12.Adluh - Allen Bros. Milling Company
13.Nunn Milling Co.
14.Dover Corn Products, Ltd.
15.Hometown Food Company, and others.
16.Archer Daniels Midland Company

FAQs:

1. Which is the potential market for Cornmeal in terms of the region?
Ans. The Asia-Pacific region dominated the global cornmeal market in the year 2021. This region along with Africa and South America is projected to witness the highest growth in the global cornmeal market in the forecast period (2023-2029).

2. What are the opportunities for new market entrants?
Ans. The key opportunity in the global cornmeal market growth is the growing population in the regions like the African continent and Asia-pacific countries.

3. What is expected to drive the growth of the Cornmeal market in the forecast period (2023-2029)?
Ans. A major driver of the global cornmeal market is it's by default gluten-free nature.

4. What is the projected market size & growth rate of the Cornmeal Market?
Ans. Cornmeal Market size was valued at US$ 744.12 Million in 2022 and the total Cornmeal revenue is expected to grow at 3.9% through 2023 to 2029, reaching nearly US$ 972.64 Million.

5. What segments are covered in the Cornmeal Market report?
Ans. The segments covered in the report are type, form, end-use and region.