Cornmeal Market By Product Type (Corn Flour, Corn Grits, Brewery Grits, Wheat Flour And Mixes, Whole Grains, Ready-to-eat Cornmeal, Others), Application (Industrial Use, Food Services, Retail Use, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and Rest of the world) – Global Industry Size, Share, Growth, Trends, And Competitive analysis Forecasts Research Report 2024 to 2029, And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2024 to 2029

Updated On: June, 2024
ID: 5961
Pages: 175

Cornmeal Market Size (2024 to 2029)

Cornmeal Market size was estimated at USD 0.82 billion in 2024 and is expected to reach over USD 0.99 billion by 2029 with a CAGR of 3.79%.

The Cornmeal Market is suspected of experiencing moderate growth to record a CAGR of 3.7% throughout the forecast period 2024 to 2029. Cornmeal, according to the description, is dried corn kernels that have been crushed into one of three textures, fine, medium, or coarse. It is the famous dry corn due to its long shelf life, absence of black spots, and bright colours. The present method of corn flour production involves first determining the corn kernels to separate the horny endosperm portion of each corn kernel from the rest of the core. Cornmeal is a staple food widely used in many parts of the world. Very finely ground cornmeal is known as cornflour. Cornmeal becomes an excellent healthy alternative for people with celiac disease or sensitivity to gluten. Cornmeal has good fibre content in the diet and is rich in food nutrients like potassium, phosphorus, iron, zinc, magnesium, and niacin. Cornmeal has full applications in the food industry, followed by households. Cornmeal is widely used in the bakery, processed food, fast food, and snack industries. Cornmeal is becoming a sustainable and economical solution in the global food industry. Cornmeal provides rich fibre, as well as nutrients like zinc, potassium, niacin, and many more. Due to its high content of proteins, minerals, and vitamins, cornmeal is also added to animal feed. Cornmeal is widely used in making puddings, desserts, muffins, pancakes, buns, bread, porridge, and many more. For millennia, it has been widely consumed in the form of dried corn and popcorn. For the health-conscious population, it is used in the form of PAM / RTM food products.

MARKET DRIVERS AND RESTRAINTS

As the world population increases, so does the desire for more food, which translates into increased demand for food and beverages. Cornmeal is an essential good in the food industry in the manufacture of any product. It is one of the industrial raw materials for the food industry, which stimulates the demand for cornmeal in the world food and beverage market. The growing awareness of gluten-free products has increased the demand for cornmeal. The strong presence of people intolerant to gluten has caused the need for food containing corn flour. Companies in the Cornmeal market are capitalizing on this trend in gluten-free products and are expanding their portfolios in cereals, potato chips, cereal alcohol, and breading for frying products. The gluten-free appearance creates a domino effect in the field of cereal-based flours. The increasing demand for gluten-free cereal flour has catalyzed the demand for oats, millet, and cornmeal. The fast-growing bread industry is also contributing to the growth of gluten-free cornmeal. Companies in the Cornmeal market are increasing their field of additional opportunities by overselling baked goods like bread, cookies, and cakes.

There is a growing demand for cereal flours made from cornmeal in the United States, Latin America, and South Asia. The gastronomic trend has recently surrounded many African American cuisines. The culinary roots of grains in the kitchens of South African people are fundamental. The trend for whole and gluten-free grains has spurred the exploration of corn products like ground oats. The primary demand for cornmeal comes mainly from the fast food and bakery sectors. Cornmeal manufacturers have introduced fortified and yeast cornmeal with higher nutritional properties to satisfy and stimulate the growing demand for cornmeal in baked goods. Incorporating cornmeal into food products provides improved dietary benefits and increases the value and demand for the food product. The increase in the higher disposable income of consumers, changes in eating habits, and western food culture are the main drivers of growth in the Cornmeal market. Millennial people make up a large part of the population that focuses on a healthier life without compromising taste or quality. There are different types of cornmeal formats available, such as whole corn, bolted format, and degermed format.

Although the determined cornmeal format is the most widely used, the demand for wholemeal cornmeal is higher due to the high nutrition offered by this format of cornmeal. Furthermore, the growing snack industry is expected to benefit the Cornmeal market due to the increasing popularity and demand for cornflakes, tortilla chips, corn chips, and many other varieties. Mexican dishes that drive substantial growth in the global Cornmeal market. With the modernization of science and technology, cornmeal can be used in a wide range of food products in the coming years. Furthermore, the resulting reduction in the need for additional processing methods has spurred demand for cornmeal in the restaurant industry.The food trend has recently surrounded many African American cuisines. The culinary roots of grains in South African cuisines are critical. The trend for whole, gluten-free grains has spurred the exploration of corn-based products like ground oats. Incorporating cornmeal into food products provides better dietary benefits and increases the value and demand for the food product.Millennials make up a large portion of the population that focuses on living healthier lives without compromising taste or quality. There are different types of corn flour formats available, such as whole corn, bolted format, and degermed format. Additionally, the growing snack industry is expected to benefit the cornflour market due to the increasing popularity and demand for cornflakes, tortilla chips, corn chips, and many other varieties.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

3.79 %

Segments Covered

By Product Type, Application And Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Tate & Lyle, Bob’s Red Mill Natural Foods, C.H. Guenther & Son, Gruma, SEMO Milling, Associated British Foods, Dover Corn Products Ltd, Bunge, LifeLine Foods, Archer Daniels Midland.

 

REGIONAL ANALYSIS

In all regions, the cornmeal market is driven by the growing population and the rising demand for food products worldwide. North America is a major consumer of cornmeal through various food products. American consumers prefer fast food and baked goods on a large scale, are very health conscious and know their dishes and food ingredients. Due to these factors, the demand for cornmeal is increasing in the North American regions.

In most of Africa, corn is the staple food, as well as a cereal that is consumed in large quantities throughout the continent. This trend is also found in Latin America. Consumption of traditional food products is stable in Africa and Latin America, which continues to be the largest consumer of cornflour.

Asia-Pacific region has the maximum population in the world and the fastest rising nations by community and economy. The growing awareness of health benefits is increasing purchasing power and the demand for new flavours is driving consumers to buy corn flour products. The European, Latin American, and Middle Eastern African regions are also expected to experience growth in the cornmeal market.

SEGMENTAL ANALYSIS

Global Cornmeal Market Analysis By Product Type

  • Corn flour
  • Corn grits 
  • Brewery grits          
  • Wheat flour and mixes        
  • Whole grains          
  • Ready-to-eat cornmeal      
  • Others   

Global Cornmeal Market Analysis By Application

  • Industrial use          
  • Food services         
  • Retail use 
  • Others     

KEY MARKET PLAYERS OF CORNMEAL MARKET 

Key Market Players Of Cornmeal Market are Tate & Lyle, Bob’s Red Mill Natural Foods, C.H. Guenther & Son, Gruma, SEMO Milling, Associated British Foods, Dover Corn Products Ltd, Bunge, LifeLine Foods, Archer Daniels Midland.

RECENT DEVELOPMENTS IN CORNMEAL MARKET

  • In January 2018 - St. Louis, Missouri - Bunge North America, the North American operating arm of Bunge Limited, announced that it had purchased Minsa Corporation, a U.S. subsidiary of Grupo Minsa in its entirety. SAB de C.V., valued at $ 75 million. This acquisition includes corn mills in Red Oak, Iowa, and Muleshoe, Texas.
  • In September 2018, Empresas Polar's precooked cornmeal brand launched a food truck in North America to celebrate World Arepa Day and educate local consumers about the nutritional benefits of cornmeal. The food truck toured the United States for five consecutive weeks.
  • In September 2018, Empresas' precooked cornmeal brand, Polar, launched a food truck in North America to celebrate World Arepa Day and educate consumers in the region about the nutritional benefits of Meal Meal corn.
  • Grain Millers, Inc. acquired the shares of Agricor, Inc. of the Ewart family. Based in Marion, Indiana, Agricor is a manufacturer of yellow corn grits, cornmeal, and cornmeal with a growing presence in markets for certified organic and genetically engineered corn products.

DETAILED SEGMENTATION OF GLOBAL CORNMEAL MARKET INCLUDED IN THIS REPORT    

This research report on the Global Cornmeal Market has been segmented and sub-segmented based on Product Type, Application, & region.

By Product Type

  • Corn flour

  • Corn grits 

  • Brewery grits          

  • Wheat flour and mixes        

By Application

  • Industrial use          

  • Food services         

  • Retail use 

  • Others     

By Region

  • Europe

  • North America

  • Middle East

  • Latin America

  • Asia Pacific 

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Frequently Asked Questions

1.What are some common uses of cornmeal?

Cornmeal is a versatile ingredient used in a variety of culinary applications. It is commonly used to make cornbread, corn muffins, tortillas, polenta, porridge, breading for fried foods, and as a thickening agent in soups, stews, and gravies.

2.Where is cornmeal consumed?

Cornmeal is consumed globally and is a staple ingredient in many cuisines around the world. It is widely used in North and South America, Africa, Europe, and parts of Asia.

3.Who are the key players in the cornmeal market?

The cornmeal market includes both large multinational corporations and small to medium-sized producers. Key players in the industry may include food processing companies, agricultural cooperatives, milling companies, and suppliers of corn and corn-based products.

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