Published Date: 31-Aug-2022
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Cornmeal Market size is expected to reach $880. Million by 2028, rising at a market growth of 3.6% CAGR during the forecast period.
The Organic segment has shown the growth rate of 5.9% during (2022 - 2028). This is connected to the simplicity of living a healthy lifestyle and the rising demand for it. Also, organic cornmeal is simple to digest. Grain share programs are being launched by organic grain farmers to inform consumers about products that are an alternative to conventional ones.
The Corn Flour segment acquired maximum revenue share in the Global Cornmeal Market by Form in 2021 thereby, achieving a market value of $422.6 million by 2028. Corn flour is made by milling entirely dried maize kernels. Its inclusion of the hull, germ, and endosperm of the corn makes it a whole grain flour. Like whole wheat flour, it has a fine, silky texture. Corn flour is mainly used in baking and as a coating material for food.
The White Cornmeal segment is showcasing a CAGR of 3.3% during (2022 - 2028). It is produced from white corn kernels. Pastry makers favor white cornmeal because it supports the flavor profile of other additives such as butter better than the other varieties. Additionally, it tastes mild and has a silky texture. Most of the products made out of cornmeal use white cornmeal because of its refined supporting medium.
The B2C segment is leading the Global Cornmeal Market by Distribution Channel in 2021 thereby, achieving a market value of $624.9 million by 2028. Business-to-consumer marketing (B2C) targets specific consumers as clients as opposed to focusing on other businesses. All the conventional products that are found in supermarkets are meant for end use by the consumers.
The Animal Feed segment is witnessing the CAGR of 4.7% during (2022 - 2028). This is a result of the expansion of food goods. The segment's cornmeal market growth is also being driven by the expanding trend of animal life. The increased demand for meat and poultry has progressed the demand for cornmeal as animal feed. The rising trend of ‘corn-fed’ meat has accelerated the growth of this segment as well.
The Asia Pacific market dominated the Global Cornmeal Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $334.2 million by 2028. The Europe market is exhibiting a CAGR of 3.2% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/cornmeal-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Product Type
By Distribution Channel
Unique Offerings from KBV Research