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Cornmeal Market Growth Rate of 3.9% With Industry Study, Detailed Analysis And Forecast by 2031

Cornmeal Market

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.

Health benefits associated with consuming cornmeal, increase in demand for gluten free ingredients, rise in use of cornmeal in animal feed product”

— Allied Market Research

PORTLAND, OR, US, December 1, 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.

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The corn flour segment was the highest revenue contributor to the cornmeal market, with $276.4 million in 2021, and is estimated to reach $375.3 million by 2031, with a CAGR of 3.2%. The others segment is estimated to reach $353.7 million by 2031, at a significant CAGR of 4.2% during the forecast period. The corn flour and others segments collectively accounted for around 70.5% market share in 2021, with the former constituting around 37.9% share. The corn grits and others segments are expected to witness considerable CAGRs of 4.2% and 4.2% respectively, during the forecast period. The cumulative share of these two segments was 62.1% in 2021 and is anticipated to reach 64.2% by 2031.

Leading Key Players

Bob’s Red Mill Natural Foods
Archer Daniels Midland
Lifeline Foods
Bunge
Dover Corn Products Ltd.
Associated British Foods
Semo milling
Gruma
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.

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Corn is a brilliant source of potassium and an essential nutrient that numerous Americans do not get enough. Potassium regulates the circulatory arrangement and helps maintain appropriate blood flow and a strong heart rate. Low potassium levels can lead to a possibly serious condition called hypokalemia. Corn contains lutein, a carotenoid similar to vitamin A usually originate in vegetables and fruits. Lutein is known to decrease the risk of macular degeneration, cataracts and other eye diseases. Corn is rich in fiber and is needed to maintain a healthy lifestyle. Fiber is the majority of plant-based foods that your body does not digest

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.

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Manufacturing firms are bringing advanced flavored cornmeal goods to cater to the necessities of the consumers and it’s helping to grow the cornmeal market size. Corn is the cereal with the maximum production universal and is used for human consumption, fuel, and livestock feed. Numerous food technologies are presently used for processing industrially formed maize flours and corn meals in diverse parts of the world to obtain cooked refined dehydrated nixtamalized flour, maize flour, fermented maize flours, and other maize products. These crops have different intrinsic vitamin and mineral contents, and their processing tracks different pathways from raw grain to the consumer final product, which entails changes in nutrient composition.

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.

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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.

Check out more related studies published by AMR Research:

Chilled and Deli Food Market – https://www.prnewswire.com/news-releases/chilled-and-deli-food-market-to-garner-1-639-96-bn-globally-by-2031-at-4-2-cagr-allied-market-research-301488410.html

Flavors and Fragrances Market – https://www.prnewswire.com/news-releases/flavors-and-fragrances-market-to-reach-35-91-bn-globally-by-2027-at-4-7-cagr-allied-market-research-301285726.html

Millet Snacks Market- https://www.globenewswire.com/news-release/2022/10/20/2538483/0/en/Global-Millet-Snacks-Market-Is-Expected-to-Reach-3-7-Billion-by-2031-Says-AMR.html

About Us

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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Allied Market Research
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Article originally published on www.einpresswire.com as Cornmeal Market Growth Rate of 3.9% With Industry Study, Detailed Analysis And Forecast by 2031

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