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

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

The precooked corn flour market in SAM is expected to grow from US$ 319.02 million in 2021 to US$ 438.46 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028.

The demand for gluten-free food products has grown considerably over the past few years due to the rising prevalence of celiac disease in several countries. Celiac disease is an autoimmune disorder that damages the small intestine lining and restrains the absorption of nutrients from consumed food items. This damage is mainly caused due to the reaction of consuming foods with high gluten content, such as wheat, rye, barley, and oats. Gluten consumption creates various health issues in some people. Moreover, excess consumption of these products can lead to serious health issues like sensitivity, wheat allergy, and celiac disease. According to the World Gastroenterology Organization (WGO), celiac disease is affecting people from all age groups, including adults and the elderly. Besides the increased prevalence of celiac disease, gluten-free products are also gaining popularity due to the increasing number of people suffering from inflammatory diseases. The demand for gluten-free food products has increased over the past few years due to increasing awareness about the advantages of a healthy lifestyle among consumers. Consumers prefer gluten-free products processed from corn, millets, soybean, and pseudocereals to maintain a healthy lifestyle. Moreover, precooked corn flour prepared from pure ground corn does not contain gluten. Instead of gluten, precooked corn flour contains hemicellulose, which is a glue-like component found in corn. Therefore, food products made from precooked corn flour are suitable for consumption for people suffering from gluten intolerance or celiac disease. Thus, the increasing demand for gluten-free food products is driving the market.

Brazil reported the highest number of COVID-19 cases, followed by Argentina, Peru, Chile, and Ecuador. Governments in South America have taken an array of actions to protect their citizens and combat the spread of the COVID-19 virus through lockdowns, trade bans, and travel restrictions. This may have a direct impact on the growth of the precooked corn flour market due to significant disruptions in terms of sourcing of raw materials from suppliers as well as temporary closures of the manufacturing base due to indefinite lockdowns and temporary quarantines. As there have been relaxations in the lockdown, there has been an increase in demand for healthy bakery items and ready-to-eat as well healthy snack products, which is fueling the need for precooked corn flour.

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

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

SAM Precooked Corn Flour Market Segmentation

SAM Precooked Corn Flour Market - by Product Type

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

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

Brazil Argentina Rest of SAMSAM 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

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