Cornmeal Market Overview:
Cornmeal is derived from the grinding of corn kernels into a coarse powder. It is considered a rich source of vital minerals such as zinc, magnesium, copper, iron, manganese, and phosphorus that help in enhancing several body functions. It is used in making breakfast cereals, corn-based snacks, and bakery products in the food beverage industry aside from its application in animal feed and other industries. The global cornmeal market has recorded significant growth in recent times. The market's growth is primarily owed to gluten-free cornmeal. Furthermore, the rising adoption of gluten-free diets, health benefits of cornmeal, and growing occurrence of celiac disease are also projected to boost the growth of the cornmeal market over the assessment era.
According to the MRFR reports, Cornmeal Market Share is expected to reach USD 995.21 million by 2030, growing at a CAGR of 3.79% between 2022 and 2030.
Segment Analysis:
The global cornmeal market has been fragmented into numerous segments based on application, category, type, and region.
Based on type, the global cornmeal market is split into yellow cornmeal, white cornmeal, and others.
Based on category, the cornmeal market is divided into conventional and organic.
The global cornmeal market is divided into animal feed, food beverage, and others based on application.
Regional Analysis:
The global cornmeal market is studied across several major regions such as Asia-Pacific, Europe, North America, and the rest of the world.
As per the research reports by MRFR, the North American region is projected to secure the top position in the global cornmeal market over the assessment era. The region has further been divided into Mexico, Canada, and the US. The regional market's growth is attributed to the growing adoption of gluten-free diets. Furthermore, the growing prevalence of celiac disease and gluten intolerance across the US is another crucial aspect boosting the regional market's growth.
The European region is anticipated to project substantial growth in the cornmeal market over the forecasted era. The region is further split into Spain, Italy, France, Germany, the UK, and the rest of Europe. The growing demand for bakery applications is driving the regional market's growth. The regional market has major growth contributors such as the UK and Germany.
The cornmeal market for the Asia-Pacific region is anticipated to exhibit a robust CAGR of over 3.79% during the projected era. The regional market is further classified into Australia, Japan, India, China, New Zealand, and the rest of Asia-Pacific. The regional market's growth is attributed to the application of cornmeal in animal feed and the usage of cornmeal in the preparation of different dishes.
Recent Developments:
- February 2022- a subsidiary of Green Plains Inc., Fluid Quip Technologies, has announced the acquisition of a robust family of patents from AB Agri. The transaction is coupled with several additional patents recently issued to FQT. The expansion further characterizes the commitment of FQT to develop, acquire and bring to market technologies that further improve the base biofuels plant.
- June 2021 – The fast-casual restaurant's new retail brand, Tocabe, has launched an online marketplace pantry staples and ingredients from local producers across the country. The owners of the Tocabe have been pondering how best to get Native-made and Native-grown foods into the hands of more people since the establishment of their first restaurant in 2008.
Competitive Analysis:
The global Cornmeal Market Trends is recognized for the wide number of players spread worldwide. The market has gained massive traction across several regions across the globe in the past few years. The players in the global market focus on the development of their global market reach and thus implement numerous growth strategies. The global cornmeal market has prominent leaders such as Atkinson Milling Co. (US), Weisenberger Mills Inc. (US), Agricor (US), SEMO Milling, LLC (US), Bunge Limited (US), Incorporated (US), Archer Daniels Midland Company (US), Dover Corn Products Ltd (Canada), General Mills, Inc. (the US), Didion, Inc. (the US), and Cargill among several others.
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