Europe 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, Extru

Europe 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 Europe is expected to grow from US$ 618.78 million in 2021 to US$ 767.80 million by 2028; it is estimated to grow at a CAGR of 3.1% from 2021 to 2028.

Convenient foods are food products that need less time and effort for preparation. The demand for convenience foods such as tortilla chips, pizza, biscuits, bread, and cookies is increasing faster due to changes in social and economic patterns and rapid urbanization. Additionally, the increasing buying power of the consumers, rising awareness about healthy foods, and changing food habits and meal patterns further bolster the demand for convenience food. According to the World Health Organization, “Workplace stress is the health epidemic of the 21st century.” Such a shift in corporate culture makes people feel more stretched than ever after their daily working hours, and they are now increasingly striving for convenient food products that help them get through their hectic routine. Precooked corn flour is extensively used to produce convenience food products such as chips, pizza bases, biscuits, bread, and cookies. Precooked corn flour offers food manufacturers, restaurants, and institutions a simple and easy way to provide customers with a great variety of food options. Along with this, the emerging trend of maintaining health and wellness has propelled an increase in demand for healthy snacks. The on-the-go nutrition trend is rising among millennials and working adults, increasing their demand for healthy snack solutions to tackle nutrient deficiencies and other health conditions in their hectic lifestyles. Therefore, the increasing demand for precooked corn flour to prepare various convenience foods and healthy snacks is projected to drive the market.

Europe comprises several developing economies such as Germany, Russia, France, the UK, and Italy. Europe is considered a profitable market for precooked corn flour due to an increasing trend of healthy snacking and the rising demand for Mexican food across the region. Snacking during social occasions and on the go is becoming one of the common trends in Europe, and consumers are looking for healthy snacks. Consumers in the UK prefer convenience food products, whereas Germany is one of the largest organic and natural snacks markets. According to the Centre for the Promotion of Imports from developing countries (CBI), the sale of snack products in Europe reached US$ 15.64 billion in 2018, with a year-on-year growth of 6%. A surge in the consumption of snacks would further drive the demand for products, such as tortilla chips and corn chips, leading to an increase in the demand for precooked corn flour as it is used as an ingredient for producing such snack varieties. Also, precooked corn flour is an ideal solution for healthy snacking products as it is gluten-free and has various nutritional benefits.

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 Europe precooked corn flour market is expected to grow at a good CAGR during the forecast period.

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

Europe Precooked Corn Flour Market Segmentation

Europe Precooked Corn Flour Market - by Product Type

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

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

Germany France Italy UK Russia Rest of Europe Europe Precooked Corn Flour Market - Companies Mentioned

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

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