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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

  • Report ID: GMI1695
  • Published Date: Aug 2023
  • Report Format: PDF

Corn Flour Market Size

Corn Flour Market size was valued at around USD 19 billion in 2022 and is estimated to register 6.3% CAGR between 2023 and 2032. Corn flour is used in a wide range of culinary applications, including baking, thickening sauces, and making tortillas, tamales, and other traditional dishes. Corn flour contains important nutrients such as carbohydrates, fiber, and some vitamins and minerals, contributing to its demand as a nutritious ingredient.

 

Corn Flour Market

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Corn flour is naturally gluten-free, making it a popular choice for individuals with gluten sensitivity or celiac disease, driving demand among those seeking gluten-free alternatives. Corn flour is a staple in various ethnic cuisines around the world, leading to demand from culturally diverse populations and those seeking to explore international dishes.

 

The price of corn, the primary raw material for corn flour, can be volatile due to factors such as weather conditions, market demand, and global supply, impacting production costs and pricing. Corn flour faces competition from other alternative flours like wheat, rice, and various gluten-free options, which can affect market share and demand. Maintaining consistent quality and texture of corn flour across batches can be challenging, leading to variations in end products. Thus, the risks associated with Corn flour may drive down the acceptance rate, further hampering the business growth.

 

COVID-19 Impact

Changes in consumer behavior and priorities during the pandemic, such as increased home cooking and baking, led to fluctuations in the demand for corn flour products. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the business expansion in the upcoming years.

 

Corn Flour Market Trends

The increasing prevalence of gluten sensitivity and celiac disease has led to a higher demand for gluten-free flours, including corn flour, as a versatile and safe alternative in cooking and baking. The COVID-19 pandemic has led to a surge in home cooking and baking, driving the demand for ingredients like corn flour for homemade bread, snacks, and dishes. Consumers are seeking healthier food options, and corn flour is being perceived as a natural and nutritious ingredient due to its fiber content and potential health benefits.

 

Corn Flour Market Analysis

Corn Flour Market Size, By Type,

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Based on type, the corn flour market is segmented as native starch, modified starch, sweeteners, others. Native starch held a majority market value of USD 6.9 billion in 2022. The demand for organic products aligns with consumers' preferences for healthier and more environmentally friendly options. Moreover, an increasing usage will further accelerate the segmental growth.
 

Corn Flour Market Revenue Share, By End-use,

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Based on end-use, the corn flour market is segmented as food and beverage industry, food service and restaurants, home cooking, others. food and beverage held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace through 2032. Corn flour is used in baking applications, such as bread, muffins, and snacks, contributing to demand in the bakery sector.
 

Based on distribution channel, the corn flour market is segmented as convenience stores, online retail, supermarkets/hypermarkets, others. Convenience Stores held a dominant market share in 2022 and is anticipated to grow at 6.2% CAGR through 2032. Retail stores offer a one-stop shopping experience, making it convenient for consumers to purchase corn flour along with other groceries. Thus, the high-quality services and growing usage of corn flour at food centres are anticipated to expedite the business expansion.
 

 U.S. Corn Flour Market Size,

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U.S. dominated the North American region with majority corn flour market share and a revenue of USD 5.4 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. The popularity of Mexican and Latin American cuisines, where corn flour is a staple for dishes like tortillas and tamales, drives demand.

 

Corn Flour Market Share

Some of the major players operating in the Corn flour market are:

  • Archer Daniels Midland Company (ADM)
  • Cargill, Incorporated
  • Ingredion Incorporated
  • Bunge Limited
  • General Mills, Inc.
  • Gruma S.A.B. de C.V.
  • Bob's Red Mill Natural Foods
  • Harina PAN
  • Hodgson Mill
  • Minsa Corporation
  • Siemer Milling Company
  • LifeLine Foods, LLC
  • Ardent Mills
  • Siemer Milling Company
  • Continental Mills, Inc.

 These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Corn Flour Industry News:

  • In June 2023, Renewal Mill introduced Upcycled White Corn Flour as its third Upcycled Certified™ ingredient. This flour is derived from the byproduct of the cornmeal milling process.
     
  • In November 2022, Novozymes announced a breakthrough in the next generation of corn separation technology.
     

Corn flour market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion & Units from 2018 to 2032, for the following segments:

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By Type

  • Native Starch
  • Modified Starch
  • Sweeteners
  • Others

By End-use

  • Food and Beverage Industry
  • Food Service and Restaurants
  • Home Cooking
  • Others

By Distribution Channel

  • Convenience Stores
  • Online Retail
  • Supermarkets/Hypermarkets
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Malaysia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for corn flour value was around USD 19 billion in 2022 and will reach USD 34.9 billion by 2032, owing to the nutritional benefits of corn flour, driving its popularity among the masses.

The convenience stores segment is anticipated to record 6.2% CAGR from 2023 to 2032 as these retail stores offer a one-stop shopping experience, making it convenient for consumers to purchase corn flour along with other groceries.

U.S. corn flour size was USD 5.4 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032 due to the popularity of Mexican and Latin American cuisines, where corn flour is a staple for dishes like tortillas and tamales, drives demand.

Archer Daniels Midland Company (ADM), Cargill, Incorporated, Ingredion Incorporated, Bunge Limited, General Mills, Inc., Gruma S.A.B. de C.V., Bob's Red Mill Natural Foods, Harina PAN, Hodgson Mill, Minsa Corporation, Siemer Milling Company, LifeLine Foods, LLC, Ardent Mills, Siemer Milling Company, Continental Mills, Inc. among others.

Corn Flour Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 191
  • Countries covered: 20
  • Pages: 150
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