Degermed Corn Flour Market - Forecast(2023 - 2028)

Degermed Corn Flour Market Overview

Report Coverage

The report: “Degermed Corn Flour Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Degermed Corn Flour Market.

Key Takeaways

• Geographically, the Asia-pacific Degermed Corn Flour Market accounted for the highest revenue share in 2021. The growth is owing to overwhelming consumption, high demand because of the gigantic population, improving retail infrastructure, and high maize production in various Asian countries like China, India, and Indonesia.
• Augmenting usage of corn ethanol as a fuel, growing cuisine culture, changing tastes & preferences of people, ameliorating retail infrastructure in developing countries ensuring an easy purchase, and versatile applications are said to be preeminent drivers driving the growth of the Degermed Corn Flour Market. The rise in inflation and environmental problems are said to reduce the market growth.
• Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Degermed Corn Flour Market report.

Degermed Corn Flour Market Segment Analysis - By Nature

The Degermed Corn Flour Market based on the basis of nature can be further segmented into organic and conventional. Conventional farming is practiced extensively by farmers of different countries across the world because of several reasons like fast production, high yield, cost-effectiveness, high revenue as compared to organic farming, hassle-free as farmers don’t have to follow strict rules and regulations, proven concept, and efficient land use. Since conventional farming is practiced on a humungous scale, the product of conventionally grown maize has comprehensive availability. Nevertheless, the organic segment is estimated to be the fastest-growing with a CAGR of 6.0% over the forecast period 2022-2027. The growth is owing to rising health consciousness among consumers worldwide and growing campaigns like “Save Soil” aimed at revitalizing the organic content of soil by curbing the use of pesticides and fertilizers. As conventionally grown maize is produced by spraying several pesticides, several researchers have linked it to cholesterol problems, diabetes, and cancer. Also, it deteriorates soil health and fertility; as a result, the overall demand for organic products is rising.

Degermed Corn Flour Market Segment Analysis - By Distribution Channel

The Degermed Corn Flour Market based on distribution channels can be further segmented into offline and e-commerce. The offline segment held the largest share in 2021. The growth is owing to conveniences like guarantee, easy return, bulk buying, bargaining, proper quality check, and instantaneous purchase. Besides, the mounting presence of modern outlets like supermarkets in developing countries is drawing a major following because of their discount offers and one-stop solution. Furthermore, e-commerce is estimated to be the fastest-growing segment with a CAGR of 6.6% over the forecast period 2022-2027. This growth is owing to convenient packaging, the rising trend of online shopping as it saves time, the growing inclination of working consumers toward online shopping as work from home is becoming a new normal, improving delivery time, soaring internet users, round-the-clock availability, and plenty of product options.

Degermed Corn Flour Market Segment Analysis - By Geography

The Degermed Corn Flour Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Asia-pacific held the largest share with 39% of the overall market in 2021. The growth in this segment is owing to the factors such as high maize production. China’s annual maize production stands at around 272,000 metric tons; whereas, Indonesia and India collectively produce over 40,000 metric tons of maize annually. Even though, the U.S., a North American country, is the biggest producer of maize with more than 383,000 metric tons annual production but consumption in Asia-pacific is comparatively high because of its enormous population. Nevertheless, Asia-Pacific is expected to be the fastest-growing segment over the forecast period 2022-2027. This growth is owing to bettering retail infrastructure as the internet is finding its way deep into rural areas, soaring demand for clean energy sources such as ethanol produced from maize, and rising purchasing power of consumers in countries like Indonesia, Bangladesh, China, and India.

Degermed Corn Flour Market Drivers

The rising demand for ethanol is anticipated to boost market demand.

Recommendable attempts by the governments worldwide to replace environment polluting sources of energy with clean energy sources like ethanol is a prominent driver driving the aforementioned market. For instance, in order to meet the requirement of the fuel blending program, the Indian government is endeavoring into different crops other than sugarcane for producing ethanol. As of 2021, the ethanol-petrol blending rate was whirling around 8.5 percent in India; however, the government plan is to raise it by 12.5 percent to 20 percent by the year 2025. The plan is aimed at curbing the carbon footprints by 33 to 35 percent within the next 9 to 10 years. Not just India, other countries are doing the same. For example, around 10 percent of the fuel used in the U.S. is ethanol. The figure is likely to surge in in near future.

Bettering retail in developing nations, rising purchasing power, and soaring cuisine culture are the factors expected to boost market demand.

As the total number of internet users is increasing worldwide, the e-commerce industry is booming. According to a report, there are around 495 billion internet users across the world as of 2022, and a majority of them lie in developing countries in India and China. As of 2022, India is home to nearly 658 million users; whereas, China’s population of internet users stands at around 1.02 billion. The numbers are likely to soar as the internet is finding its way into rural areas. As a result, the overall dependence of consumers on physical retail stores is plummeting. For instance, the e-commerce market in India is anticipated to reach the $200 billion mark by the year 2026. Similarly, by 2025, China’s e-commerce retail sales are projected to cross $3.5 trillion. In addition to that, the rise in purchasing power of consumers in these two of the most populous nations is another reason for the market hold.

Degermed Corn Flour Market Challenges

Growing unemployment post-covid-19, the rising cost of living, and environmental disasters are anticipated to hamper the market growth.

Soaring unemployment rates worldwide are the biggest challenge for the Degermed Corn Flour Market. For example, in April 2022, India witnessed a sharp rise in unemployment rates. With a slight increase of 0.94 percent, urban unemployment touched 9.22 percent; whereas, the figure for rural areas soared to 7.29 percent. This is reducing the purchasing power of the consumer which in turn hampers product purchase. Besides, rising environmental calamities like augmenting global temperature, floods, soil erosion, plummeting organic content, massive deforestation, and non-stop use of fertilizers are likely to reduce overall corn yield across the globe. This is further anticipated to impede market growth in the near future.

Degermed Corn Flour Industry Outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the aforementioned Market. Degermed Corn Flour Market top 10 companies include-

1. Cargill Inc.
2. Bob’s Red Mill Natural Foods
3. Grupo Bimbo
4. LifeLine Foods
5. SEMO Milling
6. General Mills
7. Archer Daniels Midland
8. Guenther & Son
9. Ingredion Incorporated
10. Associated British Foods

Recent Developments

• On November 19, 2021, Illinois, United States-based food processing company "Archer-Daniels-Midland" announced that it has acquired the Georgia, United States-based company "Deerland Probiotic & Enzymes." The financials of the deal were kept concealed. The transaction is expected to help Archer-Daniel-Midland in its wellness and health portfolio.
• On October 21, 2021, Minnesota, United States-based renowned food corporation “Cargill” announced that companies bid of acquiring Mississippi, United States-based “Sanderson farms” gets a nod from Sanderson’s stockholders. The total value of the acquisition stands around $4.5 billion ($203 per share).
• On July 1, 2020, a US-based ingredient provider multinational firm "Ingredion Inc." announced that it has successfully wrapped up the acquisition process of natural ingredients producing firm "PureCircle." A total amount of 185.3 million pounds has been paid by Ingredion to PureCircle Ltd. in order to attain 75% of the controlling stake.

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