Rising Preference for Convenience Food Products to Escalate Precooked Corn Flour Market Growth During 2021–2028

NEW YORK, UNITED STATES, March 24, 2022 /EINPresswire.com/ -- The global precooked corn flour market is accounted to US$ 2,461.2 Mn in 2018 and is expected to grow at a CAGR of 4.4%during the forecast period 2019 - 2027, to account to US$ 3,615.2 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Excess gluten consumption can lead to serious health issues such as sensitivity, wheat allergy, and celiac disease. According to the World Gastroenterology Organization (WGO), celiac disease affects people of all age groups. Moreover, as per the Institute for Functional Medicine, incidences of celiac disease are increasing at 7.5% per year, with incidences highest among females and children. Increased demand for gluten-free food products is due to growing health-conscious consumers. These factors are driving the demand for gluten-free food products.

Get Exclusive Sample Pages of Precooked Corn Flour Market at https://www.theinsightpartners.com/sample/TIPRE00008738/

Precooked Corn Flour Market: Competitive Landscape and Key Developments

Archer Daniels Midland Company, Cargill, Incorporated, Limagrain (Limagrain Ingredients), Goya Foods, Inc., Bob’s Red Mill Natural Foods, Bunge Limited, Harinera del Valle SA, Gruma, S.A.B. de C.V., The Quaker Oats Company, C.H. Guenther & Son Inc. are among the key players in the global Precooked Corn Flour market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.

Report Coverage Details
Market Size Value in- US$ 2,461.2 Million in 2018
Market Size- US$ 3,615.2 Million by 2027
Growth rate- CAGR of 4.4% from 2019-2027
Forecast Period- 2019-2027
Base Year- 2019
No. of Pages- 191
No. Tables- 106
No. of Charts & Figures- 86
Historical data available- Yes
Segments covered- Nature ; Product ; Application ; Distribution Channel , and Geography
Regional scope- North America; Europe; Asia Pacific; Latin America; MEA
Country scope- US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage- Revenue forecast, company ranking, competitive landscape, growth factors, and trends

The growth of the precooked corn flour market in this region is primarily attributed to rapid growth in the food and beverage industry in the US, Canada, and Mexico. Moreover, rising demand for convenience and ready to eat healthy food is projected to propel the demand for precooked corn flour in the North America region. The region also has the presence of major precooked corn flour manufacturers such as Archer Daniels Midland Company, Cargill, Incorporated, Limagrain (Limagrain Ingredients), Goya Foods, Inc., Bob’s Red Mill Natural Foods, Bunge Limited, Gruma, S.A.B. de C.V., and among others.

In 2018, the yellow corn flour segment accounted for the largest market share in the global precooked corn flour market. Yellow corn flour is easily available in the market and is widely used for producing products such as bakery and confectionery, extruded snacks, and RTC food. Furthermore, tortilla chips, nachos, and taco shells made from yellow corn flour are very popular among the consumers. This further boost the demand for precooked corn flour market globally. Moreover, the white corn flour segment is projected to grow at a faster pace over the forecast period due to rising awareness about the health benefits offered by white corn flour among health-conscious consumers.

Impact of COVID-19 Pandemic on Precooked Corn Flour Market

The COVID-19 outbreak was first reported in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. As of June 2020, US, Brazil, India, Russia, Spain and the UK are a few of the worst-affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Food and beverages is one the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak.

Speak to Analyst for more details: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00008738

By form, the global Precooked Corn Flour market has been segmented into granules and crystal, powdered, syrup or liquid. Precooked Corn Flour is utilized in different applications such as bakery, confectionery, snacks, dressings and condiments, sauces and spreads by industries or by households. However, depending upon the application the suitable form is used. For instance, Precooked Corn Flour granules and crystals are widely used for bakery & confectionery. In 2018, granules and crystal has led the global Precooked Corn Flour market, whereas syrup and liquid is expected to grow at the fastest growth rate during the forecast period of 2019-2027.

The global Precooked Corn Flour market by geography is segmented into five regions, including North America, Europe, Asia Pacific, Middle East and Africa, and South America. North America held the largest share of the global Precooked Corn Flour market. The demand for Precooked Corn Flour is expected to increase in the region due to rising awareness about health benefits offered by Precooked Corn Flour.
.
Order a Copy of Precooked Corn Flour Market Shares, Strategies and Forecasts 2020-2027 Research Report at https://www.theinsightpartners.com/buy/TIPRE00008738/

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

Sameer Joshi
The Insight Partners
+91 96661 11581
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn