Press release
Cornmeal Market Key Segments, Share, Size, Trends, Growth, and Forecast 2032
According to Report Ocean , the global market is witnessing a significant rise in revenue from US$ million in 2023 to US$ million by 2032. The market will grow at a significant compound annual growth rate (CAGR) of % during the forecast period from 2023 to 2032.
Introduction
In 2021, the global cornmeal market boasted a substantial valuation of US$ 729.4 million. Setting its sights on a flavorful future, market projections indicate an estimated surge to US$ 1029.2 million by 2030. This journey unfolds at a steady Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period from 2022 to 2030.
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Cornmeal Unveiled
Beyond Tradition to Nutrient Richness
Cornmeal, hailing from dried corn like grits and polenta, is not just a culinary delight but a powerhouse of nutrients. Enriched with thiamine, magnesium, selenium, B6, and folic acid, it seamlessly combines with flour, adding a gluten-free, brittle texture to baked goods.
Factors Influencing Market Growth
Crafting Culinary Excellence
Bakery Applications and Primary Ingredients: The escalating demand for various bakery applications and primary ingredients in tortillas, polenta, and cornbread propels overall market expansion.
Demand for Healthy Food Choices: The surge in customer demand for healthy food choices and evolving food consumption patterns drives market growth.
Preference for Healthy Breakfast: The increasing customer preference for a healthy breakfast, including ready-to-eat food items, anticipates driving overall market growth.
Nutrition for Cardiovascular Health: The shift towards nutritious foods to control cardiovascular diseases and maintain blood sugar levels boosts overall market growth.
Effect of the COVID-19 Pandemic
Challenges Amidst Global Disruption
The COVID-19 outbreak significantly impacted the market. Lockdown restraints led to closures of restaurants, hotels, and public places, disrupting business and marketing. Transportation constraints hindered the supply chain, causing challenges in raw material import and export. With a lack of manpower and raw materials, production enterprises faced shutdowns, slowing down cornmeal manufacturing and hindering market expansion.
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Regional Insights
Asia-Pacific's Flavorful Dominance
Asia-Pacific claimed a significant market share in 2022-2030. Factors such as increasing disposable income, a rising population, growing recreational activities, and the trend of mid-week parties propel overall market growth in the region.
Leading Competitors
Maestros of Cornmeal Excellence
Tate And Lyle
C.H. Guenther and Son
Gruma
Semo Milling
Associated British Foods
Dover Corn Products Ltd
Lifeline Foods
Archer Daniels Midland
Bunge
Bobs Red Mill Natural Foods
Others (Note: List not exhaustive; request a free sample for a complete list.)
Segmentation Analysis
Navigating the Cornmeal Landscape
Form:
Corn Grits
Corn Flour
Others
Nature:
Conventional
Organic
Product Type:
Blue Cornmeal
Stone Ground Cornmeal
White Cornmeal
Distribution Channel:
B2C
B2B
Application:
Animal Feed
Food Industry
Region:
North America
Europe
Asia Pacific
Middle East & Africa (MEA)
South America
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Table of Contents:
Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix
Key Reasons to Purchase this Report:
Strategic Direction
Comprehensive Analysis
Growth Opportunities
Competitive Landscape
Detailed Company Profiles
Future Market Outlook
Industry Analysis
Value Chain Insights
About Report Ocean
Report Ocean is a renowned market research reports provider, known for its informative research reports. They offer both quantitative and qualitative research results, leveraging the latest technology and analysis tools. Their global network and industry coverage provide in-depth knowledge for informed and strategic business decisions.
Contact Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel: +1 888 212 3539 (US - TOLL FREE)
Website: https://reportocean.us
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