The Asia Pacific Cornmeal Market would witness market growth of 3.9% CAGR during the forecast period (2022-2028).
There also has been an increase in demand for cornmeal in a number of bread applications. Additionally, it's an essential component of cornbread and tortillas. Cornmeal is used by people in homes and restaurants to create food coating batters. Since cornmeal adds a new sensory dimension to meat dishes through color, flavor, and texture, breading and batters are frequently used as coatings that add value to the products offered by hoteliers.
Processors are increasingly using coating as a low-cost method to create emulsified products. Hoteliers are adopting grainier cornmeal combinations to enhance nutrition in meals to cater to the needs of consumers who are health-conscious. Coatings also aid in performing additional value-added tasks, such as preserving moisture to generate finished food products that are more succulent. The demand for organic products has been increasing globally and the cornmeal market is no exception to this. The horticultural sector makes extensive use of organic cornmeal.
The Food and Agriculture Organization (FAO) figures indicate that corn grain is a crucial component of animal feed. Globally, the production of animal feed accounted for an average of 41% of all maize production. The market for corn-based animal feed has been expanding, particularly in nations like China and India. In this region, these dominant corn-producing countries also serve as corn-produce suppliers to the neighboring small countries.
The China market dominated the Asia Pacific Cornmeal Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $95.3 million by 2028. The Japan market is estimated to grow a CAGR of 3.3% during (2022 - 2028). Additionally, The India market would experience a CAGR of 4.6% during (2022 - 2028).
Based on Nature, the market is segmented into Conventional and Organic. Based on Form, the market is segmented into Corn Flour, Corn Grits, and Others. Based on Product Type, the market is segmented into White Cornmeal, Blue Cornmeal, and Stone Ground Cornmeal. Based on Distribution Channel, the market is segmented into B2C and B2B. Based on Application, the market is segmented into Food Industry and Animal Feed. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Cornmeal Market is Projected to reach USD 880.1 Million by 2028, at a CAGR of 3.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tate & Lyle PLC, Archer Daniels Midland Company, Bunge Limited, Associated British Foods PLC, Gruma, S.A.B. de C.V., Bob’s Red Mill Natural Foods, Inc., LifeLine Foods, LLC, Dover Corn Products Ltd., SEMO Milling, LLC, and C.H. Guenther & Son LLC.
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