The introduction of innovative cornmeal by market players in the cornmeal industry to pique customer interest and give a lucrative potential for market growth
— Allied Market Research
PORTLAND, OR, US, November 12, 2023 /EINPresswire.com/ — Cornmeal Market by Form (Corn Grits, Corn Flour, Others), by Nature (Organic, Conventional), by Product Type (Blue Cornmeal, Stone Ground Cornmeal, White Cornmeal), by Distribution Channel (B2B, B2C), by Application (Food Industry, Animal Feed): Global Opportunity Analysis and Industry Forecast, 2021-2031″. According to the report, the global cornmeal industry generated $729.40 million in 2021, and is anticipated to generate $1.05 billion by 2031, witnessing a CAGR of 3.9% from 2022 to 2031.
𝐀𝐬𝐤 𝐟𝐨𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-sample/5471
Based on form, the corn flour segment held the highest market share in 2021, accounting for nearly two-fifths of the global cornmeal market, and is estimated to maintain its leadership status throughout the forecast period. Due to increased expenditures on corn flour in hotels, restaurants, and others, demand for corn flour is predicted to expand significantly. However, the corn grits segment is projected to manifest the highest CAGR of 4.2% from 2022 to 2031, owing to expansion of use of cornmeal in retail stores, restaurants, café, and bakery sectors.
Asia-Pacific to maintain its dominance by 2031
Based on region, Asia-Pacific held the highest market share in terms of revenue 2021, accounting for nearly two-fifths of the global cornmeal market. Moreover, the same region is expected to witness the fastest CAGR of 4.8% from 2022 to 2031. The cornmeal market for Asia-Pacific is expected to grow as the population is gaining interest in the new corn products in the market. The growing demand for corn in the livestock sector and human consumption has led to trade deficits and reliance on imports to meet its demand. Other regions analyzed in the report are North America, Europe, & LAMEA.
The market is segmented into form, nature, product type, distribution channel, application and region. On the basis of type, the market is categorized into corn grits, corn flours and others (degerminated, bolted). On the basis of nature, it is segregated into organic and conventional. On the basis of product type, it is bifurcated into blue cornmeal, stone-ground cornmeal, and white cornmeal. On the basis of distribution channel, it is divided into B2B and B2C. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Ukraine, Russia, Romania and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific), and LAMEA (Brazil, United Arab Emirates, Argentina, South Africa, and Rest of LAMEA).
𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
Bob’s Red Mill Natural Foods
Archer Daniels Midland
Dover Corn Products Ltd.
Associated British Foods
C.H. Guenther And Son
Tate And Lyle
The report provides a detailed analysis of several strategies adopted by these key market players such as partnerships, expansion, collaborations, new product launches, and mergers & acquisitions to stay competitive in the market.
𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝: https://www.alliedmarketresearch.com/request-for-customization/5471
𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲
On the basis of cornmeal market analysis for type, the segment is projected to witness the highest CAGR, in revenue terms, during the forecast period.
On the basis of flavor, the segment is expected to dominate the cornmeal industry from 2021 to 2030.
On the basis of cornmeal market trends for packaging, the segment is projected to witness the highest CAGR, in revenue terms, during the forecast period.
On the basis of the Distribution channel, the B2B and B2C segment is expected to grow at a significant CAGR during the cornmeal market forecast period.
On the basis of region, the U.S. was the largest country, in terms of revenue generation for the cornmeal market in 2020.
On the basis of region, Asia-Pacific is anticipated to witness the highest cornmeal market growth rate, registering a CAGR from 2021 to 2030.
𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 @: https://www.alliedmarketresearch.com/purchase-enquiry/5471
Based on nature, the conventional segment held the highest market share in 2021, accounting for nearly 89% of the global cornmeal market, and is estimated to maintain its leadership status throughout the forecast period. Conventionally produced cornmeal meals guarantee a very good quantity of proteins and nutrients for each youngster and adult, which, in turn, drives the segment. However, the organic segment is projected to manifest the highest CAGR of 5.1% from 2022 to 2031, owing to the fact that its eco-friendly and beneficial for farmers.
𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
Food Starch Market – https://www.alliedmarketresearch.com/food-starch-market-A06030
Roasted Corn Market – https://www.alliedmarketresearch.com/roasted-corn-market-A11053
Textured Soy Protein Market – https://www.alliedmarketresearch.com/textured-soy-protein-market
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.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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