According to Technavio’s latest market research study, the global cornmeal market is expected to grow at a CAGR of close to 2% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global cornmeal market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user type
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The top three revenue contributing end-user segments are discussed below:
Global cornmeal market in the industrial sector: Corn is a popular ingredient in the manufacture of snacks across the globe. Snack manufacturers select processed cornmeal products depending on the type of snack and the type of extruder to offer innovative products. Brewery grits, corn starch, and corn flour are the most widely used corn milling products used in the industrial sector.
“High fructose corn syrup is a popular sweetener that is a more cost-effective alternative to sucrose. HFCS is obtained through an enzymatic process in which the glucose from corn syrup or starch is converted into fructose,” says Manjunath Reddy, a lead analyst at Technavio for research on food.
Global cornmeal market in the retail sector: The retail market for cornmeal is attributable primarily to the sales of corn grits, RTE cornmeal, and corn flour. Corn flour is used by most of the households for baking and producing confectionery and is a staple food in Hispanic regions. Furthermore, cornmeal is also used as a release agent that prevent bread and pizza from sticking to the pans while baking.
Global cornmeal market in the food service sector: Corn flour and cornmeal are used by the foodservice industry for baking purposes and for making pizza and pancake mixes. Manufacturers, including Lakeside Mills, offer Yelton’s Best self-rising corn Meal, Yelton’s best plain corn meal, and blue ribbon yellow medium Corn Meal for the foodservice sector.
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The top vendors operating in the global cornmeal market are:
- Archer Daniels Midland
- Bunge
- Cargill
- Gruma
- Tate & Lyle
Other prominent vendors in the market include Andersons, Associated British Foods, 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 Cornmeal Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Baby Puffs and Snacks Market 2017-2021
- Global Baked Savory Snacks Market 2016-2020
- Global Packaged Fruit Snacks Market 2017-2021
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