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Corn Flour Market Size

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

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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.

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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.

Corn Flour Market Report Attributes
Report Attribute	Details
Base Year:	2022
Corn Flour Market Size in 2022:	USD 19 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.3%
2032 Value Projection:	USD 34.9 Billion
Historical Data for:	2018 to 2032
No. of Pages:	150
Tables, Charts & Figures:	191
Segments covered:	Type, End-use, Distribution Channel, Region
Growth Drivers:	Growing food industry Growing food service industry Rising population
Pitfalls & Challenges:	Price Fluctuations in Raw Materials Competition from Alternative Flours Quality Control and Consistency

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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.

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.