Cornmeal Market Growth Regional Analysis, Key Players, Opportunities and Forecast to 2027
Market Highlights
Cornmeal is derived by grinding dried corn into a fine, medium or coarse
consistency. Cornmeal is available in various types such as white and yellow.
It has a high vitamin and mineral content and is a good source of protein for
livestock.
Based on type, the global cornmeal market analysis has been segmented
into white cornmeal, yellow cornmeal, and others. The yellow cornmeal segment
accounted for the maximum market share in 2017 and is expected to grow at a
higher rate during the forecast period due to the easy availability of and high
preference for this type of cornmeal in North America. White cornmeal is mainly
preferred in South America, parts of Africa, and Australia; thus, the segment
is expected to account for a substantial share of the market during the
forecast period.
The global cornmeal market analysis has been
segregated, by category, into organic and conventional. The conventional
segment is expected to dominate the global cornmeal market analysis during the
assessment period. However, the organic segment is expected to grow at a higher
CAGR during the forecast period owing to the rising preference of consumers for
organic products. The awareness of the benefits of organic products is
increasing, which is expected to drive the growth of the segment.
The global market for cornmeal has also been classified, by application,
as food & beverage, animal feed, and others. The food & beverage
segment is expected to dominate the market due to the widespread use of
cornmeal in the preparation of bakery products. The food & beverage segment
has further been divided into bakery and confectionery, sweet and savory
snacks, breakfast cereals, and others. The sweet and savory snacks segment is
expected to register the highest CAGR during the forecast period owing to the
increasing demand for corn-based snacks.
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Regional Analysis
On the basis of region, the global cornmeal market analysis has been
segmented into North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate the global cornmeal market analysis owing
to the increasing prevalence of gluten intolerance and celiac disease,
especially in the US. Moreover, corn is considered a staple food in Mexico
which is also driving the growth of the regional cornmeal market analysis.
The cornmeal market analysis in Asia-Pacific is expected to grow rapidly
due to the increasing adoption of healthy, gluten-free diets by the rising
health-conscious population. Emerging markets such as China and India are
projected to contribute to the growth of the regional cornmeal market analysis.
China is the largest market for animal feed, where cornmeal is being
increasingly used.
Key Players
Some of the key players in the global cornmeal market analysis are
Archer Daniels Midland Company (US), Cargill, Incorporated (US), Bunge Limited
(US), Didion, Inc. (US), SEMO Milling, LLC (US), General Mills, Inc. (US),
Agricor (US), Dover Corn Products Ltd (Canada), Weisenberger Mills Inc. (US),
and Atkinson Milling Co. (US).
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are Studying Covid19 and its Impact on Various Industry Verticals and wherever
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