Corn Flour Market - By Type (Native Starch, Modified Starch, Sweeteners), By End-use (Food and Beverage Industry, Food Service and Restaurants, Home Cooking), By Distribution Channel (Convenience Stores, Online Retail, Supermarkets/Hypermarkets) & Forecas

Corn Flour Market - By Type (Native Starch, Modified Starch, Sweeteners), By End-use (Food and Beverage Industry, Food Service and Restaurants, Home Cooking), By Distribution Channel (Convenience Stores, Online Retail, Supermarkets/Hypermarkets) & Forecast, 2023 - 2032

Corn Flour Market size is set to expand at 6.3% CAGR from 2023-2032 owing to the rising awareness of gluten-related health concerns along with the subsequent demand for gluten-free alternatives.

On account of its thickening, binding as well as texture-enhancing properties, corn flour has emerged as a crucial ingredient for numerous food manufacturers. With health-conscious consumers increasingly seeking alternatives to traditional wheat-based flour, the versatile and naturally gluten-free properties of corn flour is gaining favorable traction. Furthermore, market participants are focusing on adding new products to their existing range of gluten-free, nutrient-dense and recycled flours, further propelling the industry growth. For instance, in June 2023, Renewal Mill introduced its third Upcycled Certified component, Upcycled White Corn Flour, which is a byproduct of the cornmeal milling process.

The overall corn flour market is categorized by type, end-use, distribution channel, and region.

With respect to type, the industry value from the sweeteners segment is projected to gain significant traction from 2023 to 2032 attributed to the rising prevalence of health-conscious consumers and the increasing inclination of the food sector towards natural ingredients. Owing to its versatility as natural sweetening agent, corn flour is witnessing higher demand in various food and beverage applications. Furthermore, the diverse application scope of corn flour sweeteners in confectionery, bakery, and beverage products will foster segment growth.

In terms of end-use, the corn flour market from the food service and restaurants segment generated substantial revenue in 2022 and is expected to expand at notable CAGR from 2023-2032. The versatile nature of corn flour is driving its widespread incorporation in various culinary preparations, including batters, coatings, and thickeners for soups and sauces. Advantages of gluten-free properties in accommodating diverse dietary preferences will also contribute to increasing product adoption in restaurant menus and food service establishments.

Regionally, the Asia Pacific corn flour market is set to record robust growth between 2023 and 2032. The increasing population coupled with changing dietary preferences is propelling the demand for corn flour in various food applications. For instance, India is one of the top ten maize producers in the world, accounting for 2-3% of total worldwide maize production. The rich culinary heritage in the region is leading to the growing incorporation of corn flour in traditional dishes.

Furthermore, the increasing efforts led by several regional market leaders on investments to establish their businesses and produce new and innovative goods will augment the industry outlook. For instance, in March 2022, Bühler, recently completed the construction of new maize flour production plant in India for PV Sons maize Milling.