Cornmeal Market

Cornmeal Market Size, Share, Growth (2023-2028)

Cornmeal Market size was estimated at USD 0.79 billion in 2023 and is expected to reach over USD 0.95 billion by 2028 with a CAGR of 3.79%.

Cornmeal Market overview

The Cornmeal Market is suspected of experiencing moderate growth to record a CAGR of 3.7% throughout the forecast period 2022 - 2027. 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 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 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 fiber, 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.

CORNMEAL MARKET REPORT COVERAGE:

Recent Developments in Cornmeal Market:

1. 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.

2. 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.

3. 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.

4. 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.

Cornmeal 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.

Cornmeal Market Regional Analysis:

1. North America (U.S. and Canada)

2. Europe (U.K., France, Germany and Rest of Europe)

3. Asia Pacific (Japan, China, India and Rest of APAC)

4. Latin America (Brazil, Mexico and Rest of Latin America)

5. Middle-East & Africa (GCC and Rest of MEA)

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 flavors 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.

Cornmeal Market is segmentation:

Product Type:

• Corn flour

• Corn grits 

• Brewery grits          

• Wheat flour and mixes        

• Whole grains          

• Ready-to-eat cornmeal      

• Others   

Based on Application:  

• Industrial use          

• Food services         

• Retail use 

• Others     

Cornmeal Market Key Players

1. Tate & Lyle

2. Bob’s Red Mill Natural Foods

3. C.H. Guenther & Son, Gruma

4. SEMO Milling

5. Associated British Foods

6. Dover Corn Products Ltd.

7. Bunge, LifeLine Foods

8. Archer Daniels Midland