Cornmeal Market - Forecast(2023 - 2028)

Cornmeal Market Overview

The Cornmeal Market size is estimated to reach $832.2 million by 2027. Furthermore, it is poised to grow at a CAGR of 3.3% over the forecast period of 2022-2027. Cornmeal is dry maize kernels that have been crushed into one of three textures: fine, medium, or coarse. Because of its extended shelf life, lack of black specks, and beautiful color, it is popular for dry corn. The current process of making cornmeal entails separating the horny endosperm section of each kernel of corn from the rest of the kernel by first determining it. Cornmeal is a frequently used staple food in many countries throughout the world. Corn flour is made from extremely finely beached cornmeal. Cornmeal is becoming an excellent and healthful option for celiac disease or gluten-free sensitivity sufferers. Cornmeal contains a high amount of fiber in the diet and is also high in minerals, carbohydrates, potassium, phosphorus, iron, zinc, magnesium, and niacin. Cornmeal is widely used in the bakery, processed food, fast food, snack sectors, polenta and has a wide range of uses in the food business. In the global food sector, cornmeal is becoming a sustainable and cost-effective answer. Organic cornmeal is also commonly used in the horticultural industry.

Cornmeal aids in the smoothing of blood circulation, the maintenance of the neurological system, the increase of bone strength, and the extension of the healing ability. Cornmeal is chosen by health-conscious consumers since it is gluten-free. Cornmeal has been shown to be a viable alternative to wheat flour, attracting the attention of celiac disease and gluten sensitivity sufferers. However, the supply chain was interrupted from one location to another due to transportation constraints on export and import. Transport of raw commodities such as grain and similar things to factories also was prohibited. As a result of a scarcity of raw materials and people, the manufacturing industries have been experiencing a lot of challenges, which has resulted in a shutdown. As a result, cornmeal production is delayed. As a result of the lower manufacturing, there is less demand for the product. However, after a few months, the corona cases began to decline and the lockdowns were removed, the Cornmeal Market began to rise significantly.

Cornmeal Market Report Coverage

The report: “Cornmeal Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Cornmeal Global Industry.

Key Takeaways

• Geographically, the North America segment will dominate the market pertaining to the leading consumer of cornmeal through different food products. North American consumers prefer fast-food and bakery products on a large scale, the consumers are highly health-conscious and aware of food and food ingredients.
• During the forecast period 2022-2027, increased use of gluten-free ingredients due to an increase in gluten sensitivity and celiac disease among the population, as well as increased use of maize meal in the bakery and fast food industries are some of the factors driving the Cornmeal Market.
• A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Cornmeal Market Report.

Global Cornmeal Market - Geography (%) for 2021

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Cornmeal Market Segmentation Analysis- By End Users

The Cornmeal Market based on end-users can be further segmented into Food Processing, Foodservice, Feed Industry, Households, and Others. And for its widespread applicability, the food processing category held the biggest market share in 2021. The growing global population necessitates more food goods, resulting in a rise in demand for food and beverage products. Cornmeal is a necessary ingredient in the food sector for the production of a wide range of products. Cornmeal is one of the most cost-effective raw ingredients for the food sector, which is driving up demand in the worldwide food and beverage market. Furthermore, the developing snacks sector is likely to boost the cornmeal market, as the growing popularity and demand for cornflakes, tortilla chips, corn chips, and many other forms of Mexican food are propelling the Cornmeal Market to significant development. Cornmeal will be employed in a wide range of food products in the next years, thanks to advancements in science and technology.

However, the households sector is anticipated to be the fastest-growing segment with a CAGR of 3.8%. During the projection period, Cornmeal is being used in new food coating systems by inpiduals in households and restaurants. Cornmeal adds a sensory dimension to meat dishes through color, flavor, and texture, hence breading’s and batters are usually referred to as coatings that add value to hotelier items. The coating is a cost-effective procedure that processors are increasingly employing to create emulsified goods. Hoteliers are utilizing grain-based cornmeal combinations to improve nutrients in meals to meet the expectations of health-conscious customers. Other value-added activities of coatings include preserving moisture to generate more succulent-finished food items.

Cornmeal Market Segmentation Analysis - By Distribution Channel

The Cornmeal Market based on the form can be further segmented into Hypermarkets/Supermarkets, Conventional stores, Grocery Retail, Online Sales Channels, and Others. In 2021, the hypermarket or supermarkets category have the most market share. Supermarkets and hypermarkets are big retail shops that typically provide a variety of retail product categories under one roof. In order to be accessible to clients, supermarkets are frequently placed near a residential neighbourhoods. However, leading to a shortage of property near residential areas, the majority of supermarkets and hypermarket companies are expanding outside of the city. Walmart, Tesco, Aldi, Kroger, Carrefour, Whole Foods Market, and other major retailers have a substantial presence in the distribution of cornmeals. Furthermore, shifting consumer tastes for low-calorie and gluten-free products has prompted many businesses to keep a surplus of these items on hand. This assures a steady supply of goods to customers, allowing the company to expand.

However, during the forecast period 2022-2027, the conventional store's segment of the market is anticipated to account for the fastest CAGR of 4.5%. Owing to their low-volume purchase from manufacturers or suppliers, convenience stores typically offer smaller discounts than hypermarkets, supermarkets, and internet businesses. Furthermore, considering convenience stores primarily focus on everyday commodities, their limited shelf space prevents them from stocking a perse range of cornmeal brands. Consumers choose these distribution channels owing to the low availability of cornmeal brands in supermarkets, which is projected to impede the growth of the category during the projection period.

Cornmeal Market Segmentation Analysis- By Geography

The Cornmeal Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. In 2021, North America generated the most revenue, accounting for more than 36% of total revenue, and is anticipated to continue to do so throughout the projection period. Pertaining to the growing popularity of gluten-free diets, North America has the largest market share. Gluten sensitivity and celiac disease are becoming more common in the United States, which is fuelling market expansion. Apart from that, the United States is the world's largest producer of corn and cornmeal, owing to the rising demand for baking applications. Because of the various uses of cornmeal, the international cornmeal market is predicted to rise at a faster rate. This is due to an increase in demand for maize output throughout the world. Maize production in emerging nations is primarily driven by the adoption of new agricultural methods, area expansion, and yield increases. Cornmeal is also utilized in animal feed, which is propelling market expansion in this area. Cornmeal is also employed in a variety of recipes, which is propelling market expansion in other parts of the world.

Cornmeal Market Drivers  

Companies that cater to the needs of patients with atherosclerosis are helping to drive market growth.

Cornmeal's health advantages are becoming more well known among consumers. Certain nutritional drawbacks of cornmeal, on the other hand, have led to consumer opposition to its intake as they seek replacements. Corn, for example, has been discovered to have an excessive amount of carbs. Corn has also been discovered to be difficult to digest, as well as being heavy in sugar and fat. As a result, cornmeal makers are witnessing a shift in consumer tastes. Cornmeal replacements, such as breadcrumbs, are becoming increasingly popular among consumers in a variety of food processing applications. Consumers who are advised to include cornmeal in their diets are being catered to by manufacturers. Manufacturers, for example, are putting a greater emphasis on whole-grain cereals, which are highly recommended for atherosclerosis patients. Cornmeal falls under the group of nutrient-dense foods that are required to meet the dietary needs of people with atherosclerosis. Atherosclerosis is a chronic inflammatory disease of the arteries and is the underlying cause of about 50% of all deaths in westernized society. Cornmeal manufacturers are cashing in on the rising demand for grain from older people suffering from osteoporosis.

Increased demand for innovative taste profiles by millennials is to bolster the market growth.

Millennials make up a sizable section of the population that is committed to living a healthy lifestyle without sacrificing flavor or quality. There are several varieties of cornmeal forms available, including whole corn, bolted, and degerminated. Despite the fact that degerminated cornmeal is the most popular, demand for whole-grain cornmeal is increasing due to the better nutrients that this format of cornmeal provides. According to USD, one half-cup serving (61 grams) of whole-grain yellow cornmeal contains Calories: 221, Fat: 2.2g, Sodium: 21mg, Carbohydrates: 47g, Fiber: 5g, Sugars: 0.4g, and Protein: 4.5g. Due to the expensive cost of whole-grain cornmeal, it is utilized more in families than in the food processing business. Technological advancements have resulted in the production of food items with distinct flavor profiles and textures, broadening the scope of the food and beverage business. Cornmeal producers throughout the world are always offering new products to keep and gain customers in this fiercely competitive market. To accommodate and stimulate the expanding demand for cornmeal in bread items, cornmeal makers have produced self-rising and enriched cornmeal with greater nutritional characteristics. Cornmeal added to food goods provides additional nutritional advantages while also increasing the product's value and demand. Cornmeal demand in the food service business has also increased as a result of the reduced requirement for extra processing procedures.

Cornmeal Market Challenges

Supply fluctuations of corn along with dietary disadvantages are to limit the market growth.

Cornmeal has a high carbohydrate content, which makes it difficult to consume. Furthermore, corn is difficult to digest and has a significant amount of sugar and fat, which might provide a substantial barrier to market expansion. Corn supply volatility, as well as nutritional drawbacks, are impeding market expansion. The supply chain was interrupted from one location to another due to transportation constraints on export and import. Transport of raw commodities such as grain and similar things to factories is also prohibited. As a result of a scarcity of raw materials and people, the manufacturing industries have been experiencing a lot of challenges, which has resulted in a shutdown. About 4.2 billion people or 54% of the global population, representing almost 60% of global GDP, were subject to complete or partial lockdowns as of the 28th of April 2020. As a result, cornmeal production is delayed. As a result of the lower manufacturing, there is less demand for the product.

Cornmeal Global Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Cornmeal Global  Market. The top 10  Cornmeal Market companies are:

1. Archer Daniels Midland Company,
2. Cargill Inc.
3. General Mills Inc.
4. Grain Millers Inc.
5. Bunge Ltd.
6. Anson Mills Ltd.
7. Goya Foods Inc.
8. The Quaker Oats Company
9. Bob’s Red Mill Natural Foods Inc.
10. Allen Bros. Milling Company

Recent Developments

• In June 2019, a popular Grist Mill is started McHargue’s Mill which manufactures cornmeal for sale to retail and B2B consumers in North Dakota. Even though it was built in the year 1806, it took a very long time for opening the service. This enterpriser is also specialized in the production of organic cornmeal without using any preservatives.
• In January 2019, Bunge Ltd. acquired two corn mills in the United States from Grupo Minsa, S.A.B. de C.V. This acquisition expanded the company’s product portfolio, which did not previously include masa - pre-cooked cornmeal. 

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