Growing Demand for Precooked Corn Flour Market to Boost Industry Growth | Archer Daniels Midland Company, Bob's Red Mill, Bunge limited, Cargill, Incorporated
The major players operating in the global precooked corn flour industry includes Archer Daniels Midland Company, Bob's Red Mill, Bunge limited, Cargill, Incorporated, Empresas Polar Inc., Goldmine natural foods, Goya Foods, Inc., Harinera Del Valle, LifeLine Foods LLC., Molino Peila SpA, Arcor Group, Cool Chile Co., Garnec, LLC., Gruma, and The Quaker Oats Company. These market players are constantly engaged in the various developmental strategies such as acquisitions, mergers, and product launches to exploit precooked corn flour market opportunities and gain market share.
Get Research Sample with Detailed Insights : https://www.alliedmarketresearch.com/request-sample/17271
The global precooked corn flour industry is witnessing a significant spike in the demand among the household and commercial sector like cloud kitchens, food processing, and food service units owing to the rising popularity of gluten-free bakery and confectionery food products among the consumers. The precooked corn flour finds its application in the preparation of wide variety of dishes and products such as cakes, pasta, noodles, soups, sauces, infant formula, extruded food, breakfast cereals, and various ready-to-eat food products. The growing penetration of grocery stores, departmental stores, hypermarkets, and convenience stores is significantly boosting the on-the-go consumption of various convenience and packaged food and beverages items across the globe. The rising consumer expenditure on functional food and rising awareness regarding the gluten related diseases is significantly driving the adoption of gluten free precooked corn flour in food manufacturing industry. The rising number of HoReCa units across the developed and developing nations is further fueling the precooked corn flour market demand.
Moreover, the growing popularity of eating out culture is driving the demand for the precooked corn flour among the restaurants and hotels. According to United States Department of Agriculture, spending on food away from homes (restaurant, full-service and fast food) accounts for around $978.2 billion or 51.9% of total food expenditures. Furthermore, the growing number of hotelas in developing economies is expected to further boost the precooked corn flour market growth in the forthcoming future. According to Asian Development Bank 2021, the five largest hotel chains in the Asia-Pacific region - Accor, Marriott International, IHG Hotels & Resorts, Hilton, Hyatt-ready to open over 700 hotels in the region together.
Speak to Our Analyst : https://www.alliedmarketresearch.com/connect-to-analyst/17271
The rising demand for the organic food products across the developed and developing nations is expected to foster the demand for the organic precooked corn flour among the consumers. The volume of agricultural lands dedicated to organic farming is expected to rise significantly owing to the growing demand for the organic food among the global consumers. According to the report The World of Organic Agriculture Statistics and Emerging Trends 2021, around 1.5% or 72.3 million hectares of the total agricultural land was dedicated to organic farming in 2019, globally. The rising health consciousness among the consumers and rising awareness regarding the negative health impacts of traditional and chemical-based grown crops and manufactured food has resulted in a significant spike in the demand for organic food. According to the Organic Trade (OTA), in 2020, U.S. witnessed an all-time high sales of organic food and non-food products.
According to the precooked corn flour market analysis, the market is segmented based on type, application, nature, distribution channel, and region. Based on type, it is segregated into white, yellow, and blue. Depending on the application, the market is segmented into household and commercial. The commercial segment is further divided into food processing and food service. On the basis of nature, the market is bifurcated into organic and conventional. Depending on the distribution channel, it is segmented into B2C and B2B. Region-wise, the precooked corn flour market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, & Africa).
As per the precooked corn flour market trends, based on the type, the white segment dominated the market in 2021 with 64.1% of the precooked corn flour market share and is expected to sustain its dominance throughout the forecast period. The white precooked corn flour is easily available in the North America and Latin America, the two huge consumers of precooked corn flour. The presence of dominating precooked corn flour brand like P.A.N, Bob's Red Mill, Great River, and King Arthur in the Latin and North America has significantly contributed to the growth of the white precooked corn flour market in the past few years.
Interested to Procure the Data? Inquire : https://www.alliedmarketresearch.com/purchase-enquiry/17271
According to the precooked corn flour market forecast, based on application, the commercial is expected to dominate the global market during the forecast period. This growth is attributed to the huge consumption of precooked corn flour in the preparation of various packaged food items such as RTE food products, packaged and processed food, infant formula, bakery products, extruded food, and confectioneries in food processing industry.
Depending on the nature, the organic is expected to be the fastest-growing segment during the forecast period. In the recent years, there has been a significant increase in demand for natural and organic products. This has been driven by consumers' increasing awareness of the health and environmental benefits of these products. Organic precooked corn flour is made from the organically produced corn i.e. without the use of chemical fertilizers and pesticides or any other artificial ingredients. The increase in demand for natural and organic products is the major factor driving the growth of the precooked corn flour market.
Based on the distribution channel, the B2B segment dominated the market in 2021. This is due to the huge demand for the commercial precooked corn flour among the food service and food processing industries. The rising popularity of the online B2B market places such as India Mart, Alibaba, eWorld Trade, Global Sources, Amazon Business, and Just Dial is expected to have a significant positive impact on the growth of the precooked corn flour market in the upcoming future.
Region-wise, Asia-Pacific is expected to be the fastest-growing market, witnessing a CAGR of 4.8% during the forecast period. The Asia-Pacific region is the world's most populous continent and home to some of the fastest-growing economies. The major factors driving the market growth are the rise in demand for processed and convenience food, and the change in consumer lifestyle.
Key findings of the study
The global precooked corn flour market size was valued at $2,286.9 million in 2021, and is estimated to reach $3,427.9 million by 2031, registering a CAGR of 4.2% from 2022 to 2031.
By type, the blue segment is estimated to witness the fastest growth, registering a CAGR of 5.0% during the forecast period.
In 2021, depending on application, the commercial segment was valued at $1,858.5 million, accounting for 81.3% of the global market share.
By nature, the organic segment is estimated to witness the fastest growth, registering a CAGR of 5.9% during the forecast period.
In 2021, the U.S. was the most prominent market in North America, and is projected to reach $833.0 million by 2031, growing at a CAGR of 4.1% during the forecast period.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Growing Demand for Precooked Corn Flour Market to Boost Industry Growth | Archer Daniels Midland Company, Bob's Red Mill, Bunge limited, Cargill, Incorporated here
News-ID: 3073745 • Views: 385
More Releases from Allied Market Research (AMR)
Manufacturing Analytics Market to Reach USD 28.44 Billion at a CAGR of 16.5% | G …
Rise in investments in big data for manufacturing, surge in industrial IoT (IIoT) adoption, and increase in need for process optimization drive the growth of the global manufacturing analytics market. However, scarcity of skilled professionals and lack of integration with legacy systems hinder market growth. On the other hand, usage of advanced technologies including AR and VR creates new opportunities in the market. According to the report,
Virtual Training and Simulation Market to Generate USD 601.85 Billion by 2027 | …
According to the report, the global virtual training and simulation industry generated $204.41 billion in 2019, and is estimated to reach $601.85 billion by 2027, registering a CAGR of 13.7% from 2020 to 2027. Increase in awareness about virtual training and simulation, cost-effective benefits of virtual training and simulation solutions, and rise in defense, healthcare, and education expenditure drive the growth of the global virtual training and simulation market. However,
Over-the-top Market to Generate USD 1,039 Billion by 2027 | Innovation and Produ …
According to the report published by Allied Market Research, the global over-the-top market was pegged at $121.61 billion in 2019, and is anticipated to reach $1,039.03 billion by 2027, registering a CAGR of 29.4% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends. ☛ Request Sample Report at:
AquaLux Express: The Inboard Cruiser Experience
Inboard express cruiser are the types of boats with inboard engines. Express cruisers are usually in the 30-50-foot range but they can be longer or even smaller. They are speedy and cruise at 25-30 knots or more. They are usually powered by twin diesel engines and pod drives. However, smaller express cruisers may be powered by stern drives with an inboard engine at the stern. With technological advancements express cruiser
More Releases for Accor
Hotels- a Market Worth Observing Growth: InterContinental, Accor, Marriott
The Hotels Market has witnessed continuous growth in the last few years and is projected to grow even further during the forecast period of 2020-2026. The exploration provides a 360degree view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies
Synthetic Grease Market 2018 Global Analysis by Top Industry Players 3M Electron …
The 'Global Synthetic Grease Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Synthetic Grease Market with a focus on the Chinese market. The report provides key statistics on the market status of the Synthetic Grease manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview
Synthetic Grease Market by Top Players – 3M Electronics, ACCOR Librifiants, AC …
This report researches the worldwide Synthetic Grease market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Synthetic Grease breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. Get
Lubricating Greases Market Production 2017: 3M Electronics, ACCOR Librifiants
Lubricating Greases Market Research 2017 A market study ” Global Lubricating Greases Market ” will help you understand, formulate and implement strategic decisions by offering critical data, insights and analysis from technology as well as commercial perspective on the Lubricating Greases market. It encloses an in-depth Research of the Lubricating Greases market state and the competitive landscape globally. This report consist of comprehensive market data, on a granular level, providing a
Accor becomes an official Roland-Garros supplier
Accor is to become official supplier of Roland-Garros for the next three editions of the tournament (from 2015 to 2017). As part of this partnership, the hotel group will have a reception area in the partners’ Village during the tournament, which will take place from May 24th to June 7th 2015. This will enable it to welcome many partners and investors from around the world. Roland-Garros will give
Accor introduces ibis to Japan
Accor, the leading international operator of hotels in Asia Pacific, introduces ibis Tokyo Shinjuku, the first ibis hotel in Japan located right in the heart of Tokyo’s Shinjuku centre and only three minutes away from the world’s busiest train station. This hotel will appeal to all travellers looking for an economy hotel offering all the major services at the best market value. “This addition of Accor’s strongest hotel brand will extend