Latest News- Corn Flour Market: Industrial is expected to lead the End-user segment during 2024-2028

The Corn Flour Market is being driven by Increasing prominence of private-label brands

The Corn Flour Market is expected to grow at a CAGR of 3.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3380.9 million. The surge in awareness regarding celiac disease, an intolerance to gluten found in grains like wheat, barley, rye, and spelled, has significantly boosted the demand for gluten-free alternatives. Corn flour, being naturally gluten-free, has emerged as a popular choice. Gluten proteins form a sticky network when water is added, making flour elastic and chewier. Undiagnosed gluten intolerance can lead to celiac disease, necessitating the consumption of gluten-free products for afflicted individuals. This trend underscores the growing importance of corn flour in the food industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Industrial
  • Retail
  • Food service
• Distribution Channel
  • Supermarkets and hypermarkets
  • Convenience stores
  • Online retail
  • Others
• Geography
  • North America
    • US
    • Mexico
  • APAC
    • China
    • India
  • South America
    • Brazil
  • Europe
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prominence of private-label brands
• Growth in the baking industry
• Increasing demand from emerging markets

However, the market also witnesses some limitations, which are as follows:

• Corn crops are vulnerable to climate change
• Growing concerns over consumption of genetically modified corn seeds
• Stiff export competition

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Market Scope in Corn Flour Market Research Report

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Research Analysis Overview

The Corn Flour Market has witnessed significant growth in recent years due to the increasing demand for nutritious and diabetes-friendly ingredient-based food products. Key players in this market include Mondelez and Kraft Heinz. The market is geographically divided into various regions, including North America, Europe, Asia-P Pacific, and the rest of the world. Corn flour, a gluten-free alternative to general wheat flour, offers several health benefits such as improved heart rate and kidney functioning, and enhanced bone strength. FAO reports suggest that corn flour is also a popular ingredient in gluten-free food products for gluten-intolerant populations. Major applications of corn flour include in the production of bread, colors, RTE products, and breakfast cereals. Corn starch, a derivative of corn flour, is widely used in the food industry as a thickening agent. The convenience requirements of modern consumers have led to an increase in the production capabilities of corn flour. Producers are focusing on meeting the demand for healthy pet food and gluten-free products. However, concerns over skin exploitation and the use of corn flour in non-food applications, such as bioethanol production, may hinder market growth. Key competitors in the corn flour market also include rice flour and wheat flour. However, the health benefits associated with corn flour give it a competitive edge in the market. Overall, the corn flour market is expected to continue its growth trajectory in the coming years.

Market Research Overview

The global packaged foods and meats market encompasses vendors engaged in food processing to ensure microbial elimination and shelf life extension. According to Technavio, this market's size is determined by the consolidated revenue of the participating players. It excludes equipment manufacturers and producers of packaged beverages, including alcoholic and non-alcoholic varieties. Key growth drivers for the global packaged foods and meats market include the health benefits associated with consuming minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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