According to the latest market research study by Technavio, the global corn flour market is anticipated to grow at a CAGR of close to 4% during the predicted period 2017 to 2021.
This report by Technavio offers an in-depth analysis of the global corn flour market regarding revenue and emerging market trends. The report also contains an up-to-date analysis and forecasts for several market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
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Global corn flour market in the industrial sector: The extensive use of brewery grits, corn starch, and corn flour in the industrial sector will boost the demand for corn flour in this market segment. The use of high fructose corn syrup (HFCS) is a popular sweetener that is obtained through an enzymatic process in which the glucose from corn syrup or starch is converted into fructose. These corn sweeteners that are made from the corn starch are food syrups mainly composed of glucose and are used in baking, carbonated soft drinks, condiments, desserts, confectionery, and ice cream.
“The growing demand for beer in the US will contribute to the revenues in the market over the next few years. Corn is the most popular snack in the market, and the corn manufacturers are selecting processed cornmeal products to offer innovative products to the consumers and increase their profitability. The vendors are blending a coarser granulation of cornmeal to produce crunchier snacks,” says Manjunath Reddy, a lead analyst at Technavio for research on food.
Global corn flour market in the retail sector: The increasing sales of corn grits, RTE cornmeal, and corn flour is driving the growth in the retail sector. Corn flour is used by most of the households for baking and producing confectionery and is a staple food in Hispanic regions, and corn grits are gaining popularity as breakfast foods. Additionally, it is also used as a release agent that prevent bread and pizza from sticking to the pans while baking. Such wide applications will fuel the growth of this market segment.
Global corn flour market in foodservice sector: The use of corn flour and cornmeal by the foodservice industry for baking purposes and making pizza and pancake mixes will boost the demand for these products in the market. The leading vendors in the market are offering cornmeal products, including cornmeal and cake flour ranging from chain restaurants to single-unit establishments in different sizes as per the customer requirements.
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The top vendors operating in the global corn flour market are:
- Archer Daniels Midland
- Bunge
- Cargill
- Gruma
- Tate & Lyle
The other prominent vendors in the market include Andersons, Associated British Food, Bob’s Red Mill, C.H. Guenther & Son, General Mills, Grupo Bimbo, LifeLine Foods, SEMO Milling, and Suedzuckerd.
A more detailed analysis is available in the Technavio report titled, ‘Global Corn Flour Market 2017-2021’. Technavio also customizes reports by other regions and precise segments upon request.
Other related reports:
- Global Cornmeal Market 2017-2021
- Cornmeal Market in the US 2016-2020
- Global Packaged Fruit Snacks Market 2017-2021
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