Corn Flour Market - Global Industry Analysis (2018 - 2020) - Growth Trends and Market Forecast (2019 - 2026)

Corn Flour Market - Global Industry Analysis (2018 - 2020) - Growth Trends and Market Forecast (2019 - 2026)

The proliferating boom around health food, and unprecedented expanse of the diet snacks category across retail are collectively driving demand for corn flour worldwide. Besides the most popular bakery segments like bread, widespread popularity of snacks like corn pasta, wafers, nachos, taco shells, and tortilla chips is expected to significantly contribute toward the growth of global corn flour market. The latest Fairfield Market Research report forecasts the market revenues to experience robust growth between 2022 and 2026, reaching in excess of US$28.2 Bn. The gluten-free profile of corn starch has also been garnering the interest of a substantially large consumer population, thereby pushing market growth.

Key Highlights into Global Corn Flour Devices Market:

Global corn flour market size is slated to see more than 8% growth during forecast period
The mushrooming gluten-free segment bodes well for heavy demand surge in corn flour
Proliferation of snacking trend largely favours the growth of market
Snack food, and bakery remain the top two application segments
Europe continues to surge ahead, followed by North America, further trailed closely by Asia Pacific
Perceived Health Benefits of Corn Flour Keep Sales Afloat

An accelerating shift of consumer preferences toward healthy snacking is expected to reinforce corn flour market. While this is clearly attributable to the perceived health benefits linked with maize such as improved bone strength, enhanced kidney functioning, and regulated heart rate, it has also been considered as a gluten-free, and diabetes-friendly ingredient. Demand within the health-conscious consumer population will thus be on an uptrend. The report also marks the fact that there has been a dramatic rise in consumption of pasta, and soups over the past decade. Moreover, with categories like ready-to-cook, and ready-to-eat propelling at a brisk pace, corn flour sales will remain afloat.

Corn Flour Sales Upbeat with Expansion of Gluten-free Bakery

Growth of gluten-free bakery is also likely to push market expansion. It would compel manufacturers to cater to the unmet need for gluten-free bakery products with natural hydrocolloids. Another trend that the report highlights is sustained consumption of conventional corn flour that accounts for a majority of revenue generation. Demand for organic corn flour is however expected to see phenomenal rise in the near future as organic continues to be a popular trend wave in F&B markets.

Europe Maintains Top Position with 1/3rd Market Share

Europe, the largest market for corn flour producers, is projected to exhibit an impressive CAGR of over 7% by 2026 end. While the region houses the world’s largest bakery industry, it has also been witnessing the rise of trending categories like gluten-free, and health snacks over the recent past. With retail industry readily dedicating shelves to functional/nutritional food products, European nations will remain at the forefront of generating demand for corn flour. Throughout the period of forecast, Europe will account for around a third of the global corn flour sales, projects the report.

Corn Flour Market Competition

Some of the leading players have been profiled in the global corn flour market report to reveal some exclusive strategic, and financial insights into them. General Mills, Inc., King Arthur Flour Co., Archer-Daniels-Midland Company, Minsa Corp, Bob’s Red Mill Natural Foods, Hopkinsville Milling Co., BASF, and Buffaloe Milling CO Inc. include some of the profiled companies in the report. The competition analysis section suggests that the global marketplace is diverse, influenced by strong presence of both domestic, as well as international names.

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