Cornmeal Market Size, Share, and Growth Rate Analysis:
Cornmeal market size was estimated at USD 686.0 million in 2019 and is expected to reach over USD 1023.0 billion by the end of the assessment period. The Cornmeal Market is suspected of experiencing moderate growth to record a CAGR of 3.7% throughout the forecast period 2020-2025. 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, the absence of black spots and bright colors. 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 fiber content in the diet and 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.
Recent Developments
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.
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 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 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 degerminated 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.
Regional Classification and Country Analysis:
On the basis of the geographical segmentation, the global Cornmeal market is segmented into different regions: North America (U.S. and Canada), Europe (U.K., France, Germany and Rest of Europe), Asia Pacific (Japan, China, India and Rest of APAC), Latin America (Brazil, Mexico and Rest of Latin America), and Middle-East & Africa (GCC and Rest of MEA).
Among all regions, the Cornmeal market is spurred by increasing population and increasing demand for food worldwide. North America is a significant consumer of cornmeal through various food products. North American consumers prefer fast food and large-scale bakery products, and are very health conscious and know their meals and food ingredients. As a result of 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 grain that is consumed in large quantities across 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 cornmeal.
The Asia-Pacific region has the highest population in the world and the fastest-growing countries by economy and community. Growing awareness of health benefits increased purchasing power, and demand for new flavors are driving consumers to buy cornmeal products. The European, Latin American and Middle Eastern African regions are also foreseen to experience growth for the global Cornmeal market.
Cornmeal Market is segmented and Sub-segmented into following below:
Based on Product Type:
Based on Application:
Top Major Key Companies covered in this market report are:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product Type
5.1.1 Introduction
5.1.2 Corn flour
5.1.3 Corn grits
5.1.4 Brewery grits
5.1.5 Wheat flour and mixes
5.1.6 Whole grains
5.1.7 Ready-to-eat cornmeal
5.1.8 Others
5.1.9 Y-o-Y Growth Analysis, By Product Type
5.1.10 Market Attractiveness Analysis, By Product Type
5.1.11 Market Share Analysis, By Product Type
5.2 Application
5.2.1 Introduction
5.2.2 Industrial use
5.2.3 Food services
5.2.4 Retail use
5.2.5 Others
5.2.6 Y-o-Y Growth Analysis, By Application
5.2.7 Market Attractiveness Analysis, By Application
5.2.8 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product Type
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product Type
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product Type
6.1.5.3 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Archer Daniels Midland
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Cargill
8.3 Associated British Foods
8.4 General Mills
8.5 Gruma
8.6 Tate & Lyle
8.7 Bob’s Red Mill Natural Foods
8.8 Bunge
8.9 LifeLine Foods
8.10 SEMO Milling
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
