ALBANY, N.Y., Dec. 7, 2020 /PRNewswire/ -- The towering food and beverage industry is witnessing tremendous advancements. Various food-enhancing materials are also gaining considerable momentum across the food and beverage industry. Cornmeal is one of them. The escalating utilization of cornmeal in the baking process and the escalating need for cornmeal in preparing gluten-free food products are bringing enormous growth prospects for the global cornmeal market.
Cornmeal is derived from grinding dried corn into varied consistency types like medium, fine, or coarse according to the requirement. It is available in a plethora of types such as white, blue, and yellow cornmeal. The growing utilization across a variety of products and the easy availability of cornmeal across many regions may serve as vital growth factors for the cornmeal market.
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As per the researchers at Transparency Market Research (TMR), the global cornmeal market is expected to expand at a CAGR of ~4 percent across the forecast period of 2019-2029. The global cornmeal market was valued at ~US$ 775 mn in 2019.
The growing demand from a large chunk of the global populace, especially the millennial category for healthy foods without compromising on the taste is expected to lay a red carpet of growth across the cornmeal market. The benefit of cornmeal for atherosclerosis patients is being utilized by the manufacturers as a golden growth opportunity. The magnifying patient pool diagnosed with atherosclerosis is expected to help the cornmeal market to generate extensive revenue.
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Cornmeal Market: Transparency Expert Diagnosis
The analysts at Transparency Market Research predict stable growth for the cornmeal market during the forecast period. The analysts highlight the initiatives taken by organic farmers about introducing grain share programs for making the consumers aware of the heritage of cornmeal. They opine that this aspect will help the cornmeal market to gain immense growth.
The analysts also shed light on the efforts of the companies in the cornmeal market to gain approval for clean labels, such as 'whole-grain cornmeal' to satisfy consumer needs. The analysts further advise the players to increase their focus on enhancing the quality of cornmeal used in baking applications.
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Cornmeal Market: Major Findings
- On the basis of end-use, the household/retail segment is expected to hold a large share among other end-users with an estimated output of ~986,700 metric tons by the end of 2029
- North America may gain a dominant position in terms of regional growth contribution for the cornmeal market across the forecast period of 2019-2029
- Latin America and Africa are further anticipated to observe lucrative growth through the assessment period of 2019-2029
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Cornmeal Market: Growth Boosters
The large-scale utilization of cornmeal in chips, cereals, breading for frying products, and grain alcohol may bring promising growth between 2019 and 2029.
- The extensive use of cornmeal in innovative food coating systems may serve as great growth generators for the cornmeal market
- The rising number of health-conscious customers is prompting hoteliers to use grain-based cornmeal mixtures in meals to boost nutrition values, thus accelerating the growth prospects
Cornmeal Market: Restraints
Cornmeal has large carbohydrate content which deters many individuals from consumption. In addition, corn is difficult to digest and contains high sugar and fat content. This aspect has led consumers to search for better substitutes for cornmeal. All these factors may have a negative impact on the growth of the cornmeal market.
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Global Cornmeal Market: Segmentation
- Whole Grain Cornmeal
- Bolted Cornmeal
- Degerminated Cornmeal
- White Cornmeal
- Yellow Cornmeal
- Blue Cornmeal
By End Use
- Food Processing Industry
- Food Service Providers
- Household/ Retail
- Non Self-rising
- Non Self-rising
By Distribution Channel
- Direct (B2B)
- Indirect (B2C)
- Store-based Retailing
- Hypermarkets/ Supermarkets
- Convenience Stores
- Specialty Stores
- Independent Grocery Stores
- Online Retailing
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa
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Precooked Corn Flour Market - Increasing number of manufacturers are developing food products that offer unique textures as well as flavor to food preparations. These innovations have expanded the scope of application of these food products in the food & beverages industry. Precooked corn flour manufacturers are functioning at a global scale, and are regularly introducing new products to attract and retain consumers in an intensely competitive landscape. Several precooked corn flour manufacturers have launched organic precooked corn flour with high nutritional properties to cater to the rising demand for precooked corn flour for snacks, bakery products, sauces, soups, pasta, pizza, and infant formulas. The integration of precooked corn flour into various food products offers high nutritive benefits, and intensifies the value and demand for food products. Additionally, subsequent reduction in the need for more processing methods has fueled the demand for precooked corn flour in the food service industry.
Clean Label Starch Market - The clean label market is set to record a volume sales tantamount to ~232 thousand MT in 2019, and is likely to grow to ~407 thousand MT by 2029. This above-average growth of the clean label starch market is attributable to the shifting attitude of consumers towards healthy food and beverages. According to a recent report published by Transparency Market Research (TMR), consumers are willing to buy clean-labelled food products, even at a premium price, which has been favoring the movement of the clean label starch market. Being home to the thriving bakery and confectionary industry, there has been a sharp rise in demand for clean label starch in Europe; however, in developing markets, market players look at their products as a way to differentiate their offerings with an effective brand messaging strategy.
Distillers Corn Oil Market - The distillers corn oil is the main by-product of the ethanol production from the maize grain. This by-product was initially used in the animal feed. This is because the distillers corn oil is a rich source of linoleic acid, an essential fatty acid, and is thus used as a fat feed in the poultry and swine industry. But, nowadays the distillers corn oil has become a popular feedstock for the production of biodiesel. The distillers corn oil is produced during the ethanol production. During ethanol production, corn is fermented to form ethanol. The ethanol is then boiled off leaving the rest of the distilled mixture in the bottom. This mixture is either dried off for further processing into distilled corn oil or is used directly. Based on this, the distillation type of the distillers corn oil is decided.
Milled-Corn Products Market - Corn is one type of grain that has witnessed highest production and consumption rate worldwide. Corn in its raw and processed formats are being used in large scale in food, feed, ethanol production and industrial uses as well. The most common factor driving the demand for milled-corn products is for the ethanol production. However, the rising demand for bakery products especially from the European and the North American region is one of the emerging reasons which is triggering the demand for milled-corn products. The dry milled-corn product has experienced an extensive usage in the production of ethnic foods, bread, batter mixes, pancake mixes etc.
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