Product Code: TIPRE00008738
The global precooked corn flour market was valued at US$ 2,918.78 million in 2021 and is projected to reach US$ 3,953.67 million by 2028; it is expected to grow at a CAGR of 4.4% from 2021 to 2028.
The precooked corn flour is gluten-free and includes hemicellulose. Gluten-free products are mostly consumed by health-conscious consumers and those suffering from celiac disease.
Based on application, the global precooked corn flour market is segmented into bakery and confectionery, extruded snacks, soups, sauces and dressings, RTE meals and food, and others. In 2020, the RTE meals and food segment was the fastest-growing segment. The increased demand for ready-to-eat meals and foods is due to hectic work schedules. Also, the rise in consumption of packaged food is driving the growth of the precooked corn flour market.
The precooked corn flour market, based on geography, is segmented into North America, Europe, Asia Pacific (APAC), South and Central America (SCAM), and the Middle East and Africa (MEA). In 2020, Asia Pacific was the fastest-growing region in the market. The increased adoption of Mexican food in countries such as Australia and India is driving the growth of the precooked corn flour market across the region. Due to diverse nature of the region, the demand for Mexican cuisine across the region has increased, further fuelling the precooked corn flour market growth.
Many industries, such as the food & beverage industry, faced unprecedented challenges due to the COVID-19 pandemic. The shortage of raw materials and laborers, shutdown of factories, and other operational difficulties due to the COVID-19 outbreak led to a decrease in the sale of precooked corn flour during initial months of pandemic. Lockdown heavily impacted food processing procedure and restrained the precooked corn flour market growth. However, the introduction of COVID-19 vaccine eased the situation, leading to a rise in business activities across the world. Economies are resuming operations, and the demand for precooked corn flour is expected to rise globally in the near future.
Major market players adopt strategies such as mergers and acquisitions and product launches to expand their geographic presence and consumer base. A few key players operating in the precooked corn flour market are Archer Daniels Midland Company, Cargill Incorporated, Limagrain (Limagrain Ingredients), Agricor, Buhler, Favero Antonio SRL, Molino Peila SpA, SEMO Milling LLC, Bunge Limited, and Gruma S.A.B. de C.V.
The overall precooked corn flour market size has been derived in accordance with both primary and secondary sources. Extensive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple interviews have been conducted with industry participants to validate the data and gain more analytical insights about the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the global precooked corn flour market.
Reasons to Buy:
Highlights key business priorities to assist companies realign their business strategies.
Features key findings and crucial progressive industry trends in the global precooked corn flour market, thereby allowing players to develop effective long-term strategies.
Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
Scrutinizes in-depth market trends as well as key market drivers and restraints.
Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
Table Of Contents
1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Definition
- 1.4 Market Segmentation
2. Key Takeaways
3. Research Methodology
- 3.1 Scope of the Study
- 3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:
4. Precooked Corn Flour Market Landscape
- 4.1 Market Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Bargaining Power of Suppliers:
- 4.2.3 Bargaining Power of Buyers:
- 4.2.4 Competitive Rivalry:
- 4.2.5 Threat of Substitutes:
- 4.3 Value Chain Analysis
- 4.3.1 Raw Material:
- 4.3.2 Manufacturing/Processing:
- 4.3.3 End-User
- 4.4 Expert Opinion
5. Precooked Corn Flour Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Growing Demand for Gluten-Free Food Products
- 5.1.2 Rising Preference for Convenience Food Products
- 5.2 Market Restraints
- 5.2.1 Lack of Awareness Among Consumers Across Various Regions
- 5.3 Market Opportunities
- 5.3.1 Introduction of Organic and Non-GMO Precooked Corn Flour
- 5.4 Future Trends
- 5.4.1 Emerging Demand for Corn-Based Snacks
- 5.5 Impact Analysis of Drivers And Restraints
6. Precooked Corn Flour - Global Market Analysis
- 6.1 Precooked Corn Flour Market Overview
- 6.2 Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 6.3 Market Positioning - Global Market Players
7. Precooked Corn Flour Market Analysis - By Product Type
- 7.1 Overview
- 7.2 Precooked Corn Flour Market, By Product Type (2020 and 2028)
- 7.3 Yellow Corn Flour
- 7.3.1 Overview
- 7.3.1.1 Yellow Corn Flour: Precooked Corn Flour Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4 White Corn Flour
- 7.4.1 Overview
- 7.4.1.1 White Corn Flour: Precooked Corn Flour Market - Revenue and Forecast to 2028 (US$ Million)
- 7.5 Others
- 7.5.1 Overview
- 7.5.1.1 Others: Precooked Corn Flour Market - Revenue and Forecast to 2028 (US$ Million)
8. Precooked Corn Flour Market Analysis - By Application
- 8.1 Overview
- 8.2 Precooked Corn Flour Market, By Application (2020 and 2028)
- 8.3 Bakery and Confectionery
- 8.3.1 Overview
- 8.3.1.1 Bakery and Confectionery: Precooked Corn Flour Market - Revenue and Forecast to 2028 (US$ Million)
- 8.4 Soup, Sauces and Dressings
- 8.4.1 Overview
- 8.4.1.1 Soup, Sauces and Dressings: Precooked Corn Flour Market - Revenue and Forecast to 2028 (US$ Million)
- 8.5 Extruded Snacks
- 8.5.1 Overview
- 8.5.1.1 Extruded Snacks: Precooked Corn Flour Market - Revenue and Forecast to 2028 (US$ Million)
- 8.6 RTE Meals and Food
- 8.6.1 Overview
- 8.6.1.1 RTE Meals and Food: Precooked Corn Flour Market - Revenue and Forecast to 2028 (US$ Million)
- 8.7 Others
- 8.7.1 Overview
- 8.7.1.1 Others: Applications: Precooked Corn Flour Market - Revenue and Forecast to 2028 (US$ Million)
9. Precooked Corn Flour Market - Geographic Analysis
- 9.1 Overview
- 9.2 North America: Precooked Corn Flour Market
- 9.2.1 North America: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.2.2 North America: Precooked Corn Flour Market , by Product Type
- 9.2.3 North America: Precooked Corn Flour Market , by Application
- 9.2.4 North America: Precooked Corn Flour Market , by Key Country
- 9.2.4.1 US: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.2.4.1.1 US: Precooked Corn Flour Market, by Product Type
- 9.2.4.1.2 US: Precooked Corn Flour Market, by Application
- 9.2.4.2 Canada: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.2.4.2.1 Canada: Precooked Corn Flour Market, By Product Type
- 9.2.4.2.2 Canada: Precooked Corn Flour Market, by Application
- 9.2.4.3 Mexico: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.2.4.3.1 Mexico: Precooked Corn Flour Market, by Product Type
- 9.2.4.3.2 Mexico: Precooked Corn Flour Market, by Application
- 9.3 Europe: Precooked Corn Flour Market
- 9.3.1 Europe: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.2 Europe: Precooked Corn Flour Market, By Product Type
- 9.3.3 Europe: Precooked Corn Flour Market, by Application
- 9.3.4 Europe: Precooked Corn Flour Market, by Key Country
- 9.3.4.1 Germany: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.1.1 Germany: Precooked Corn Flour Market, By Product Type
- 9.3.4.1.2 Germany: Precooked Corn Flour Market, by Application
- 9.3.4.2 France: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.2.1 France: Precooked Corn Flour Market, By Product Type
- 9.3.4.2.2 France: Precooked Corn Flour Market, by Application
- 9.3.4.3 Italy: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.3.1 Italy: Precooked Corn Flour Market, by Product Type
- 9.3.4.3.2 Italy: Precooked Corn Flour Market, by Application
- 9.3.4.4 UK: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.4.1 UK: Precooked Corn Flour Market, By Product Type
- 9.3.4.4.2 UK: Precooked Corn Flour Market, by Application
- 9.3.4.5 Russia: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.5.1 Russia: Precooked Corn Flour Market, by Product Type
- 9.3.4.5.2 Russia: : Precooked Corn Flour Market, by Application
- 9.3.4.6 Rest of Europe: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.6.1 Rest of Europe: Precooked Corn Flour Market, by Product Type
- 9.3.4.6.2 Rest of Europe: Precooked Corn Flour Market , by Application
- 9.4 Asia Pacific: Precooked Corn Flour Market
- 9.4.1 Asia Pacific: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.2 Asia Pacific: Precooked Corn Flour Market, by Product Type
- 9.4.3 Asia Pacific: Precooked Corn Flour Market , by Application
- 9.4.4 Asia Pacific: Precooked Corn Flour Market , by Key Country
- 9.4.4.1 Australia: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.1.1 Australia: Precooked Corn Flour Market, by Product Type
- 9.4.4.1.2 Australia: Precooked Corn Flour Market, by Application
- 9.4.4.2 China: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.2.1 China: Precooked Corn Flour Market, by Product Type
- 9.4.4.2.2 China: Precooked Corn Flour Market, by Application
- 9.4.4.3 India: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.3.1 India: Precooked Corn Flour Market, by Product Type
- 9.4.4.3.2 India: Precooked Corn Flour Market, by Application
- 9.4.4.4 Japan: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.4.1 Japan: Precooked Corn Flour Market, by Product Type
- 9.4.4.4.2 Japan: Precooked Corn Flour Market, by Application
- 9.4.4.5 South Korea: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.5.1 South Korea: Precooked Corn Flour Market, By Product Type
- 9.4.4.5.2 South Korea: Precooked Corn Flour Market, by Application
- 9.4.4.6 Rest of Asia Pacific: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.6.1 Rest of Asia Pacific: Precooked Corn Flour Market, By Product Type
- 9.4.4.6.2 Rest of Asia Pacific: Precooked Corn Flour Market, by Application
- 9.5 South and Central America: Precooked Corn Flour Market
- 9.5.1 South and Central America: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.5.2 South and Central America: Precooked Corn Flour Market, by Product Type
- 9.5.3 South and Central America: Precooked Corn Flour Market, by Application
- 9.5.4 South and Central America: Precooked Corn Flour Market, by Key Country
- 9.5.4.1 Brazil: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.1.1 Brazil: Precooked Corn Flour Market, By Product Type
- 9.5.4.1.2 Brazil: Precooked Corn Flour Market, by Application
- 9.5.4.2 Argentina: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.2.1 Argentina: Precooked Corn Flour Market, By Product Type
- 9.5.4.2.2 Argentina: Precooked Corn Flour Market, by Application
- 9.5.4.3 Rest of South and Central America: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.3.1 Rest of South and Central America: Precooked Corn Flour Market, by Product Type
- 9.5.4.3.2 Rest of South and Central America: Precooked Corn Flour Market, by Application
- 9.6 Middle East and Africa: Precooked Corn Flour Market
- 9.6.1 Middle East and Africa: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.6.2 Middle East and Africa: Precooked Corn Flour Market, By Product Type
- 9.6.3 Middle East and Africa: Precooked Corn Flour Market, by Application
- 9.6.4 Middle East and Africa: Precooked Corn Flour Market, by Key Country
- 9.6.4.1 South Africa: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.6.4.1.1 South Africa: Precooked Corn Flour Market, By Product Type
- 9.6.4.1.2 South Africa: Precooked Corn Flour Market, by Application
- 9.6.4.2 Saudi Arabia: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.6.4.2.1 Saudi Arabia: Precooked Corn Flour Market, by Product Type
- 9.6.4.2.2 Saudi Arabia: Precooked Corn Flour Market, by Application
- 9.6.4.3 UAE: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.6.4.3.1 UAE: Precooked Corn Flour Market, By Product Type
- 9.6.4.3.2 UAE: Precooked Corn Flour Market, by Application
- 9.6.4.4 Rest of MEA: Precooked Corn Flour Market -Revenue and Forecast to 2028 (US$ Million)
- 9.6.4.4.1 Rest of MEA: Precooked Corn Flour Market, By Product Type
- 9.6.4.4.2 Rest of MEA: Precooked Corn Flour Market, by Application
10. Impact of COVID-19
- 10.1 Overview - Impact of COVID-19
- 10.2 North America: Impact Assessment of COVID-19 Pandemic
- 10.3 Europe: Impact Assessment of COVID-19 Pandemic
- 10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
- 10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
- 10.6 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Company Profile
- 11.1 Archer Daniels Midland Company
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Cargill, Incorporated
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Limagrain
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Bunge Limited
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 GRUMA, S.A.B. de C.V
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Information
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 AGRICOR
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Buhler
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 Favero Antonio SRL
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 Molino Peila SpA
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 SEMO Milling, LLC
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
12. Appendix
- 12.1 About The Insight Partners
- 12.2 Word Index