Corn Powder Market Forecast, 2022-2027
Global Corn Powder Market size is estimated to reach $26.4 billion by 2027. Furthermore, it is poised to grow at a CAGR of 7.5% over the forecast period of 2022-2027. Corn powder is also called corn flour and contains high calories and carbohydrates. Corn powder is a type of dietary fiber that is derived from corn starch. Corn powder helps to increase the intake of folic acid and reduces various types of diseases. Corn powder is used as a food ingredient that helps to enhance the texture and taste of food. Corn powder is created from whole dried corn kernels that have been ground into flour. Since it contains the hull, germ, and endosperm of corn, it is a whole grain flour. Corn Powder is often yellow, although it can also be white or blue depending on the type of corn used. It has the same fine, smooth texture as whole wheat flour. Corn powder is primarily utilized in bakery products, but it is also employed in a variety of skin exploitations. Corn flour is commonly used in the manufacture of healthy pet diets. Furthermore, it is utilized in a variety of food industries, including bakery items, snacks, and ready-to-eat foods, among others. Corn powder is used as an alternative for rice and wheat or mixed with wheat flour as a gluten-free product. Corn powder offers baked dishes and other meals structure. It's frequently coupled with a binder, like eggs, to give it shape. Corn powder is often used in bread, muffins, waffles, pancakes, battered and fried meals, blinis, and other baked goods. Corn powder is like a thickening agent that is used to thicken soups and other liquid-based dishes including sauces, gravies, and custard. Growing preference for ready-to-eat foods and the rising consumption of bakery products are some of the factors driving the Corn Powder Global Industry forward in the projected period of 2022-2027.
Corn Powder Market Report Coverage
The report: “Corn Powder Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Corn Powder Market.
By Application- Bakery and Confectionary, Snacks, Pharmaceuticals, and Others.
By Distribution Channel- Supermarkets, Convenience Stores, Online Stores, and Others.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), and Rest of the World (the Middle East, and Africa).
Key Takeaways
- Geographically, in 2021 North America held a dominant market share. It is owing to the changing consumption pattern and hectic lifestyle among consumers. Owing to busy schedules, people are always consuming packaged foods, and thus the demand for Corn Powder roses. Corn Powder is used in various types of snacks in order to enhance its taste and texture so, manufacturers are using cornflour to make a variety of food that is available in the form of packaged food. According to the United States Grains Council, about 69.8 million metric tons of corn are exported to the United States in 2020. Moreover, corn production grew in the U.S. at a rate of 7% in 2020, and owing to this, its adoption rises in various industries and thus enhancing the market growth.
- Increasing consumption of ready-to-eat foods and the rising growth of the bakery industry are some of the factors driving the Global Corn Powder Market. However, growing health problems owing to excessive consumption of corn powder are one of the factors impeding the market growth.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Corn Powder Market Report.
Corn Powder Indust
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Corn Powder Market. The top 10- Corn Powder Market companies are-
- Bonn Group
- Ferrero International S.A.
- Crown Bakeries
- Cargill Inc.
- Clariant AG
- Solvay S.A.
- Grain Millers
- Evonik industries AG
- Glen Miller
- BASF SE
Recent Developments
- In June 2021, Crown Bakeries acquired Michel’s Bakery. This acquisition helps to strengthen the portfolio of bakery products and thus escalates the market growth.
- In October 2020, Ferrero launched a new bakery product and increased production from 16,000 to 33,000 tons per year. This product launch further enlarges the growth of the corn powder market.
- In June 2020, Bonn Group launched a range of cupcakes and bar cakes. This product launch increases the demand for corn powder and thus escalates the market growth.
ry Outlook
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