In its latest released report on global corn flour market, Fairfield Market Research intends to reveal how the market growth will unfold over the course of 2022 to 2026. The recent past has been witnessing an exponential proliferation of snacking trends, especially healthy snacking. The rise of health food products is expected to significantly shape the corn flour market space during the period of forecast. Research foresees an impressive growth outlook for the market as an estimated 8.2% CAGR, surpassing the revenue of US$28.2 Bn by the end of 2026. With the consistently expanding health-conscious consumer population worldwide, demand for corn flour will remain on an upswing as a preferred substitute for rice, wheat, and other staple flour.
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Corn Flour Producers to Benefit from Perceived Health Benefits of Maize
Maize promotes improved kidney functioning in addition to enhanced bone strength, and controlled heart rate. Maize has also been proven as one of the preferred diabetes-friendly food ingredients. While these perceived health benefits of maize will continue to form a favourable breeding ground for corn flour sales, growth of health food category is also anticipated to favour market growth in future. The market for corn flour will also see an uptick further as the retail industry continues to clear way for nutritional snack foods like corn wafers, nachos, pasta, wafers, tortilla chips, and taco shells.
Demand for Corn Flour Experiences a Surge Owing to its Gluten-free Profile
The gluten-free profile of corn flour will continue to leverage the mushrooming trend wave of gluten-free diet across F&B industry. There has been a remarkable increase in the number of individuals prioritising healthier food consumption over the recent past. Moreover, the number of celiac disease patients has been on a constant rise, and the awareness regarding the availability of gluten-free products has also been on the rise recently. This is expected to push the growth of corn flour market in future. With gluten-free bakery propelling at a rapid pace, the report forecasts corn flour sales to pick up during the forecast period.
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Snack Food, and Bakery Top Application Segments, Europe Global Leader
The snack food segment accounts for over 47% of share of total corn flour consumption in global market, whereas the bakery and confectionary segment will follow with a measurable revenue share. In terms of the nature of corn flour, conventional flour will continue to be the top-selling segment, while organic flour is likely to witness a noticeable hike in sales. Regional analysis further reveals that the European markets will represent the most profitable ones for corn flour producers, majorly attributing to the expanse of bakery, gluten-free bakery, ready-to-cook, ready-to-eat, and health food categories.
Key Players in Global Corn Flour Market
The corn flour market report has included the strategic, and financial profiling of some of the significant companies driving competition in the global landscape. BASF, General Mills, Inc., Archer-Daniels-Midland Company, King Arthur Flour Co., Minsa Corp, Bob’s Red Mill Natural Foods, Hopkinsville Milling Co., and Buffaloe Milling CO Inc. include some of the names that have been considered for profiling in the report.
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