Asia Pacific Corn Flour market size was around USD XX billion in 2022. It is expected to grow at a CAGR of XX% to reach USD XX billion by 2027.
Corn flour is derived from the grinding of dried corn and it is also used as a common staple food. Corn flour comes in white and yellow colors and is used for the preparation of bread and in blending with other flours in bakery products. It is also used for skin exploitation. Corn flour is used in healthy pet foods. It also finds various applications in the food industry such as in bakery products, snacks, soups, ready-to-eat food, etc. Corn flour is used as a substitute for rice and wheat or mixed with wheat flour as a gluten-free product. It is also used in the preparation of corn starch.
The Asia Pacific corn flour market is driven by growing demand due to the increasing demand for nutritious, healthy, and convenient food products. Demand for corn flour products is accredited to the increasing demand for corn-based healthy snacks includes, including tortilla chips, corn chips, taco shells, and a wide variety of other popular food products. Consumers are forever seeking healthy snack options which is fuelling demand for the market. Rising consumer demand for gluten-free products because of several health issues related to gluten is a secondary factor driving demand for corn flour-based bakery products. Growing demand for healthy soups and pasta where corn flour is utilized as a key ingredient is a factor anticipated to drive demand over the aforementioned forecast period. Corn flour is also utilized in several ready-to-cook and eat food products thereby, raising demand for such food products which is, in turn, driving the market growth for corn flour. This shift is now leading to the increasing demand for single-portion, portable as well as healthy snack products. Thus, corn flour snacks are anticipated to grow robustly during the aforementioned forecast period owing to the myriad health benefits of corn.
Corn flour market is segregated
by applications
by distribution channels
By applications in food products, the corn flour market is categorized as a
snack food
bakery
confectionary
Corn flour mixes well with other flours like wheat and rice flour and is utilized to reduce gluten in bakery products like cakes, muffins, cookies, pastries, etc. There is robust demand for gluten-free bakery products which has given the bakery segment a very robust growth trajectory. Several snacks like tortilla chips, wafers, and pasta are manufactured from corn flour. Therefore need for the healthy snack market category is growing robustly. Corn flour is utilized as a significant ingredient in several soups and other applications therefore, the need for these categories is anticipated to grow significantly over the aforementioned forecast period.
The corn flour market is further segregated by distribution channels such as
supermarkets/hypermarkets
online retail
convenience stores
In the distribution channel segment, supermarket/hypermarket leads while online retail is anticipated to rise at a higher CAGR over the aforementioned forecast period.
By geography the market is segmented into
India
China
Korea
Japan
Australia
Grain Millers, Inc
Buffaloe Milling CO Inc
Glen Miller
BASF
Clariant
Evonik
Solvay
W.R.Grace
Hopkinsville Milling CO
Minsa Corp
Shaff Farms Inc. etc
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