Precooked Corn Flour Market 2020 Competitive Scenario – Archer Daniels Midland Company, Cargill, Limagrain (Limagrain Ingredients), Goya Foods

The global precooked corn flour market accounted for US$ 2,461.2 Mn in 2018 and is expected to grow at a CAGR of 4.4% during the forecast period 2019 – 2027, to account for US$ 3,615.2 Mn by 2027.

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Some of the players present in global precooked corn flour market are Archer Daniels Midland Company, Cargill, Incorporated, Limagrain (Limagrain Ingredients), Goya Foods, Inc., Bob’s Red Mill Natural Foods, Bunge Limited, Harinera del Valle SA, Gruma, S.A.B. de C.V., The Quaker Oats Company, and C.H. Guenther & Son Inc., among many others.

Precooked corn flour is a naturally gluten-free flour used to make tortillas, tamales, and other Mexican dishes. Field corn or maize is dried and then treated in a solution of lime and water, also called slaked lime, to prepare precooked corn flour. Soaking the corn in lime infuses it with niacin and calcium, which makes it easier for the body to digest and provide a distinctive flavor to the flour. This flour is rich in calcium and vitamin B. As precooked corn flour is gluten-free, the food products produced from the flour is mainly consumed by the people suffering from celiac disease.

In 2018, the yellow corn flour segment accounted for the largest market share in the global precooked corn flour market. Yellow corn flour is easily available in the market and is widely used for producing products such as bakery and confectionery, extruded snacks, and RTC food. Furthermore, tortilla chips, nachos, and taco shells made from yellow corn flour are very popular among the consumers. This further boost the demand for precooked corn flour market globally. Moreover, the white corn flour segment is projected to grow at a faster pace over the forecast period due to rising awareness about the health benefits offered by white corn flour among health-conscious consumers.

In 2018, North America accounted for the largest share of the global precooked corn flour market. The growth of the precooked corn flour market in this region is primarily attributed to rapid growth in the food and beverage industry in the US, Canada, and Mexico. Moreover, rising demand for convenience and ready to eat healthy food is projected to propel the demand for precooked corn flour in the North America region. The region also has the presence of major precooked corn flour manufacturers such as Archer Daniels Midland Company, Cargill, Incorporated, Limagrain (Limagrain Ingredients), Goya Foods, Inc., Bob’s Red Mill Natural Foods, Bunge Limited, Gruma, S.A.B. de C.V., and among others.

The overall global precooked corn flour market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the precooked corn flour market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the precooked corn flour market.

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The report segments the global precooked corn flourmarket as follows:

Global Precooked Corn Flour Market – By Nature
Organic
Conventional
Global Precooked Corn Flour Market – By Product
Yellow Corn Flour
White Corn Flour
Blue Corn Flour
Global Precooked Corn Flour Market – By Application
Bakery and Confectionery
Soup/Sauces and Dressings
Infant Formula
Extruded Snacks
RTC Food
Others
Global Precooked Corn Flour Market – By Distribution Channel
Hypermarkets/Supermarkets
Convenience Stores
Online
Others
Global Precooked Corn FlourMarket – By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Rest of Europe
Asia Pacific (APAC)
Australia
China
India
Japan
South Korea
Rest of APAC
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Rest of MEA

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This release was published on openPR.