Asia Pacific Precooked Corn Flour Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Yellow Corn Flour, White Corn Flour, and Others) and Application (Bakery and Confectionery, Soup, Sauces and Dressings, RTE Meals and Foods,

Asia Pacific Precooked Corn Flour Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Yellow Corn Flour, White Corn Flour, and Others) and Application (Bakery and Confectionery, Soup, Sauces and Dressings, RTE Meals and Foods, Extruded Snacks, and Others) 

The precooked corn flour market in APAC is expected to grow from US$ 940.72 million in 2021 to US$ 1,378.25 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028.

The demand for organic precooked corn flour products has grown considerably over the past few years in several countries. The rising awareness among the consumers about the health benefits of organic precooked corn flour products has bolstered the demand for the products. Additionally, the higher purchasing power of consumers in several countries is projected to boost the demand for organic products. Consumers in several countries are willing to pay higher prices for products that offer various health benefits. The increase in demand is linked with consumer perception about their health, environmental concerns, and sensory attributes such as nutritional values, taste, and freshness. Thus, health-conscious consumers are preferring organic precooked corn flour products over conventional precooked corn flour products. Due to their nutritional value, consumers prefer premium organic precooked corn flour products options available in the market. Organic precooked corn flour products such as yellow corn flour, white corn flour, and blue corn flour are produced from organically produced corn. These ingredients are produced without the use of artificial chemicals, hormones, antibiotics, or genetically modified organisms. Furthermore, these products are free of artificial food additives, including artificial sweeteners, preservatives, coloring, flavoring, and monosodium glutamate (MSG). Genetically modified organisms are raw materials bioengineered to improve crop yields, resist pests, or increase nutrient levels. While many crops are grown with GMO seeds, consumers have a growing interest in reducing or eliminating GMOs in their diets. In response, many precooked corn flour producers are introducing non-GMO precooked corn flour options to the consumers to increase the customer base and earn high profits. Therefore, the increasing popularity of organic and non-GMO precooked corn flour products among consumers is expected to provide a huge market opportunity for precooked corn flour manufacturers across the region.

The COVID-19 pandemic is anticipated to cause huge disruptions in the growth of various industries of Asia Pacific. However, the uncertainty regarding future outbreaks, especially in countries such as India and a few other Asian countries, has altered the status of several industrial sectors. The shutdown of manufacturing units and supply chain disruptions have negatively impacted the precooked corn flour market. During the pandemic, the demand for ready-to-eat food products increased across the region, positively impacting the precooked corn flour market. According to an online grocery firm, Grofers, the demand for packaged food in India increased and witnessed a spike of 80% during the second lockdown. Thus, a rise in demand for ready-to-eat products will lead to increased use of precooked corn flour as an essential ingredient for such products.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the precooked corn flour market. The APAC precooked corn flour market is expected to grow at a good CAGR during the forecast period.

APAC Precooked Corn Flour Market Revenue and Forecast to 2028 (US$ Million)

APAC Precooked Corn Flour Market Segmentation

APAC Precooked Corn Flour Market - by Product Type

Yellow Corn Flour White Corn Flour Others APAC Precooked Corn Flour Market - by Application

Bakery and Confectionery Soup, Sauces, and Dressings RTE Meals and Foods Extruded Snacks Others APAC Precooked Corn Flour Market - by Country

Australia China India Japan South Korea Rest of APACAPAC Precooked Corn Flour Market - Companies Mentioned

Agricor Archer Daniels Midland Company Buhler Bunge Limited Cargill, Incorporated Gruma, S.A.B de C.V Limagrain Molion Peila Sp A SEMO Milling LLC

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC precooked corn flour market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC precooked corn flour market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the precooked corn flour market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution