Cornmeal Market to Reach $1.05 Billion Globally by 2031 at a CAGR of 3.9%: Allied Market Research

Health benefits associated with the consumption of cornmeal, increased demand for gluten-free ingredients, increased use of cornmeal in animal feed, and increased use of cornmeal in bakery products driving the growth of the global cornmeal market.

PORTLAND, Oregon., August 5, 2022 /PRNewswire/ — Allied Market Research has released a report titled, “Corn Meal Market By Form (Corn Grits, Corn Flour, Others), By Nature (Organic, Conventional), By Product Type (Blue Corn Meal, Stone Ground Corn Meal, White Corn Meal ), by distribution channel (B2B, B2C), by application (Food Industry, Animal Feed: Global Opportunities Analysis and Industry Forecast, 2021-2031). According to the report, the global cornmeal industry generated $729.40 million in 2021, and should generate $1.05 billion by 2031, with a CAGR of 3.9% from 2022 to 2031.

Main determinants of growth

The health benefits associated with the consumption of cornmeal, the increase in demand for gluten-free ingredients, the increase in the use of cornmeal in animal feed, and the increase in use of cornmeal in bakery products are driving the growth of the global cornmeal market. However, the availability of substitute products and the reduction in the production of maize are limiting the growth of the market. On the other hand, the increase in demand for healthy and nutritious food products presents new opportunities in the coming years.

Request sample report at: https://www.alliedmarketresearch.com/request-sample/5471

Covid-19 scenario

• The outbreak of the Covid-19 pandemic has negatively impacted the global cornmeal market, due to the implementation of the global lockdown which has resulted in the temporary closure of all hotels, restaurants, bakeries, food stalls and the like.

• Cornmeal production has been halted due to supply chain disruptions, unavailability of raw materials and labor shortages.

• Due to the reduced production of cornmeal, the demand from various end-use industries has witnessed a significant drop, thus hampering the overall growth of the global cornmeal market.

• Nevertheless, owing to the rising awareness about its health benefits, the market is expected to witness immense growth post-pandemic.

The story continues

The corn flour segment to maintain its leading status throughout the forecast period

Based on form, the corn flour segment held the highest market share in 2021, accounting for nearly two-fifths of the global corn meal market, and is expected to maintain its leading status throughout. the forecast period. Due to the increase in expenditure on corn flour in hotels, restaurants and others, the demand for corn flour is expected to increase significantly. However, the corn grits segment is expected to show the highest CAGR of 4.2% from 2022 to 2031, owing to the expansion of corn grits usage in retail stores, restaurants, cafes and bakeries.

The conventional segment to maintain its leading status throughout the forecast period

Based on nature, the conventional segment held the highest market share in 2021, accounting for nearly 89% of the global cornmeal market, and is expected to maintain its leading status throughout the forecast period. . Conventionally produced corn flours ensure a very good amount of protein and nutrients for every youngster and adult, which in turn energizes the segment. However, the organic segment is expected to show the highest CAGR of 5.1% from 2022 to 2031, owing to the fact that it is environmentally friendly and beneficial to farmers.

The B2C segment to maintain its leading position during the forecast period

Based on distribution channel, B2C segment accounted for the largest share in 2021, contributing more than half of the global cornmeal market, and is expected to maintain its leading position during the forecast period. The increased penetration of supermarkets and hypermarkets in advanced economies has made them a popular B2C channel for promoting cornmeal. However, the B2B segment is expected to show the largest CAGR of 4.3% from 2022 to 2031. The presence of a wide variety of cornmeal manufacturers and increasing calls for cornmeal in food industries, beverages and pharmaceuticals led to a general increase. of the B2B section of the marketplace.

For a purchase inquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/5471

Asia Pacific maintain dominance by 2031

Based on the region, Asia Pacific held the highest market share by 2021 revenue, accounting for almost two-fifths of the global cornmeal market. Moreover, the same region is expected to witness the fastest CAGR of 4.8% from 2022 to 2031. The cornmeal market for Asia Pacific is expected to grow as people become more interested in new corn products on the market. Growing demand for maize in the livestock sector and for human consumption has resulted in trade deficits and reliance on imports to meet its demand. Other regions analyzed in the report are North America, Europe& LAMEA.

Major Market Players:-

The report provides a detailed analysis of several strategies adopted by these key market players such as partnerships, expansion, collaborations, new product launches, and mergers and acquisitions to stay competitive in the market.

Avenue Basic Plan | Access to the library | 1 year subscription |

Sign up for the Avenue subscription to access over 12,000 company profiles and over 2,000 niche market research reports on $699 per month, per seat. For one year, the customer must purchase a minimum 2-seat plan.

Avenue Library Subscription | Request a 14-day free trial before purchasing: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar reports:

Canned Sardines Market: Global Opportunities Analysis and Industry Forecast 2020-2031

Smoked Bacon and Ham Market: Global Opportunities Analysis and Industry Forecast 2020-2030

Frozen Pizza Market: Global Opportunities Analysis and Industry Forecast 2020-2031

Yogurt Market: Global Opportunity Analysis and Industry Forecast 2020-2031

About Us

Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP based in Portland, OR. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
UNITED STATES/Canada (Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
hong kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
The Web: https://www.alliedmarketresearch.com
Follow us on LinkedIn: https://www.linkedin.com/company/allied-market-research

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

View original content: https://www.prnewswire.com/news-releases/cornmeal-market-to-reach-1-05-billion-globally-by-2031-at-3-9-cagr-allied-market – search-301600078.html

SOURCE Allied Market Research