Precooked Corn Flour Market to 2028

Precooked Corn Flour Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Yellow Corn Flour, White Corn Flour, and Others) and Application (Bakery and Confectionery, Soup, Sauces and Dressings, RTE Meals and Foods, Extruded Snacks, and Others)

  • Report Code : TIPRE00008738
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 146
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The 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.

Precooked corn flour is gluten-free and is an essential ingredient to make tortillas, tamales, and other Mexican dishes. The adoption of Mexican cuisine across the world is increasing the consumption of precooked corn flour.

In 2020, Asia Pacific dominated the global precooked corn flour market and is expected to continue its dominance during the forecast period. Rising awareness related to health benefits and rich nutritional profile offered by products prepared from precooked corn flour are driving the precooked corn flour market growth across the region. Additionally, rising disposable income of people and increasing applications of precooked corn flour have led to growing demand for precooked corn flour. Moreover, the rising adoption and consumption of Mexican food in countries such as Australia and India is driving the demand for precooked corn flour.

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Precooked Corn Flour Market: Strategic Insights

precooked-corn-flour-market
Market Size Value inUS$ 2,918.78 Million in 2021
Market Size Value byUS$ 3,953.67 Million by 2028
Growth rateCAGR of 4.4% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
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Precooked Corn Flour Market Forecast, by Region, 2021 - 2028

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

Growing Demand for Gluten-Free Food Products

Excess gluten consumption can lead to serious health issues such as sensitivity, wheat allergy, and celiac disease. According to the World Gastroenterology Organization (WGO), celiac disease affects people of all age groups. Moreover, as per the Institute for Functional Medicine, incidences of celiac disease are increasing at 7.5% per year, with incidences highest among females and children. Increased demand for gluten-free food products is due to growing health-conscious consumers. These factors are driving the demand for gluten-free food products. 

Product Type Insights

Based on product type, the precooked corn flour market is categorized into yellow corn flour, white corn flour, and others. In 2020, the yellow corn flour segment dominated the market. The increased use of yellow corn flour in bakery applications propels the demand for precooked corn flour. It is used to bake cookies due to its smooth texture and good binding characteristics. Also, minerals and vitamins in yellow corn flour promote its use across an extensive range of nutritious food products.

Precooked Corn Flour Market Share, by Type – 2020 and 2028

food-and-beverages
Precooked Corn Flour Market Share, by Type – 2020 and 2028
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Major market players adopt strategies such as mergers and acquisitions and product launches to expand their geographic presence and consumer base. A few of the 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.

Report Spotlights

  • Progressive trends in the precooked corn flour market to help players develop effective long-term strategies
  • Growth strategies adopted by companies to secure growth in developed and developing markets
  • Quantitative analysis of the global precooked corn flour market from 2019 to 2028
  • Estimation of the demand for precooked corn flour across various industries
  • Porter’s analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
  • Recent developments to understand the competitive market scenario and the demand for precooked corn flour
  • Market trends and outlook coupled with factors driving and restraining the growth of the precooked corn flour market
  • Understanding strategies that underpin commercial interest with regard to the global precooked corn flour market growth, aiding in the decision-making process
  • Precooked corn flour market size at various nodes of market
  • Detailed overview and segmentation of the global precooked corn flour market as well as its industry dynamics
  • Precooked corn flour market size in various regions with promising growth opportunities

The “Global Precooked Corn Flour Market Analysis to 2028” is a specialized and in-depth study of the consumer goods industry with a special focus on the global precooked corn flour market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The precooked corn flour market is segmented on the basis of product type, application, and geography. Based on product type, the market is categorized into yellow corn flour, white corn flour, and others. Based on application, the precooked corn flour market is segmented into bakery and confectionery, soups, sauces and dressings, RTE meals and foods, extrudes snacks, and others. Based on geography, the precooked corn flour market is segmented into five main regions—North America, Europe, Asia-Pacific, Middle East and Africa, and South and Central America.

Company Profiles

  • Archer Daniels Midland Company
  • Cargill Incorporated
  • Limagrain (Limagrain Ingredients)
  • Agricor
  • Buhler
  • Favero Antoniop SRL
  • Molino Peila SpA
  • SEMO Milling LLC
  • Bunge Limited
  • Gruma S.A.B. de C.V.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Which product type segment accounted for the largest share in the global precooked corn flour market?

In 2020, the yellow corn flour segment accounted for the largest market share. Yellow corn flour is a type of corn flour that is most commonly used compared to other types of flour, such as white corn flour and blue corn flour. It is extensively used for baking cornbread or as an addition to other flours. This type of flour is also used in making tortillas, muffins, and pancakes. Yellow corn flour is slightly sweeter than white and blue corn.

Can you list some of the major players operating in the global precooked corn flour market?

The major players operating in the global precooked corn flour market are Archer Daniels Midland Company; Cargill, Incorporated; Limagrain (Limagrain Ingredients); Agricor; Buhler; Favero Antonio SRL; Molion Peila SpA; Gruma; S.A.B. de C.V. and SEMO Milling LLC.

In 2020, which region held the largest share of the global precooked corn flour market?

In 2020, Asia-Pacific accounted for the largest share of the global precooked corn flour market. The demand for extruded snacks is on the rise due to the increase in disposable income and the on-the-go snacking trend among the urban population due to the hectic lifestyle. The rapidly changing lifestyle of consumers, and the change in eating habits, have been driving the extruded snacks market in Asia Pacific. The region is witnessing a rise in single-person and dual-income-no-kids (DINK) households. Long working hours drive the consumer preference toward healthy snacking options over meals, driving the demand for convenient food and on-the-go food products. The increase in demand for such food products is leading to an increased demand for precooked corn flour as it is one of the essential ingredients used in producing various snack products.

Which application segment is the fastest growing in the global precooked corn flour market?

On the basis of application, extruded snacks is the fastest-growing segment. Extruded snacks are a type of snacking food prepared by the extrusion process. Raw materials like starch-rich materials (corn, potato flour, maize, wheat, rice, etc.) are first ground to the correct particle size, and then they are transformed into hot melt fluids or the dry mix. This mixture is passed through a pre-conditioner, in which other ingredients such as liquid sugar, fats, dyes, meats, or water are added depending on the target product. Steam is passed to start the cooking process, and the preconditioned mix is then pushed through an extruder to produce snacks.

Which region is the fastest growing in the global precooked corn flour market?

In 2020, Asia-Pacific is the fastest-growing region in the global precooked corn flour market. Consumers in the Asia Pacific are becoming health-conscious day by day, resulting in the demand for gluten-free and organic products. Health-conscious consumers are focusing on healthy bakery products, aiding the precooked corn flour market in this region. Along with the rising popularity of Mexican cuisine, the healthier nutritional profile of tortillas has made them increasingly popular with younger populations across the region.

Which application segment accounted for the largest share in the global precooked corn flour market?

In 2020, the extruded snacks segment accounted for the largest market share. Extruded snacks are being widely consumed in parties, small or large gatherings, entertainment centers, and various other places. In recent years, the consumers have become more cautious about their snacking habits and are increasingly preferring healthy extruded snacks. The consumption of healthy extruded snack products is expanding the scope precooked corn flour in the extruded snacks segment.

The List of Companies - Precooked Corn Flour Market

  1. Archer Daniels Midland Company
  2. Cargill, Incorporated
  3. Limagrain (Limagrain Ingredients)
  4. Agricor
  5. Buhler
  6. Favero Antoniop SRL
  7. Molion Peila SpA
  8. SEMO Milling LLC
  9. Gruma
  10. S.A.B. de C.V.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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