Published Date: 30-Sep-2022
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According to a new report, published by KBV research, The Global Maize Flour Market size is expected to reach $44.6 billion by 2028, rising at a market growth of 4.9% CAGR during the forecast period.
The Yellow segment is showcasing a CAGR of 6.1% during (2022 - 2028). Yellow corn flour is just a maize meal that has been processed into fine flour. To make it, whole, dried yellow maize kernels are used. Before crushing and splitting the endosperm to segregate and preserve the coarse pieces with a sieve, yellow maize must first have the germ and bran removed.
The Commercial segment acquired maximum revenue share in the Global Maize Flour Market by End User in 2021 thereby, achieving a market value of $28.2 billion by 2028. Consumption, baking, and confectionery will continue to play a significant role in the market for maize flour. Because of the enormous increase in demand for convenience goods like ready-to-cook and ready-to-eat foods over the past ten years, maize flour is in a great position to generate income by expanding into several markets.
The Online Retail segment has shown the growth rate of 5.5% during (2022 - 2028). It is because Online retail, sometimes known as online shopping, is a type of electronic commerce in which customers transact with vendors directly over the Internet as opposed to going into a physical store. Customers often go to the business' website, choose a product, provide payment and delivery information, and then place an order for the item. These actions are all carried out fully online.
The North America market dominated the Global Maize Flour Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $15.8 billion by 2028. The Europe market is exhibiting a CAGR of 4.5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 5.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/maize-flour-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 The Andersons, Inc. (Andersons Foods), Archer Daniels Midland Company, Bunge Limited, Gruma, S.A.B. de C.V., Cargill Corporation, Bob’s Red Mill Natural Foods, Inc., Empresas Polar SA, Grain Millers, Inc., Limagrain, and North Dakota Mill.
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