옥수수 가루 시장 예측(-2030년) : 유형별, 유통 채널별, 용도별, 지역별 세계 분석

According to Stratistics MRC, the Global Corn Flour Market is accounted for $20.6 billion in 2023 and is expected to reach $36.5 billion by 2030 growing at a CAGR of 8.5% during the forecast period. Dried whole corn kernels are ground into flour to make corn flour. Considering that it includes the corn hull, germ, and endosperm, it is a whole-grain flour. Although corn flour is often yellow, it can also be white or blue, depending on the kind of maize used. Its texture is smooth and fine, like that of whole wheat flour. The majority of uses for corn flour are in the baking industry and on different parts of the skin.

According to the Food Safety and Standards Authority of India (FSSAI), the bakery industry is growing at a rate of 9% in 2020.

Market Dynamics:

Driver:

Increasing demand for gluten-free products

As awareness of gluten intolerance, celiac disease, and gluten sensitivity grows, consumers are actively seeking out gluten-free alternatives to traditional wheat-based products. Corn flour, being naturally devoid of gluten, serves as an ideal substitute for wheat flour in a wide range of culinary applications. Its gluten-free nature appeals to consumers who must adhere to gluten-free diets for health reasons, as well as those who choose gluten-free products as part of a broader lifestyle preference. The rising prevalence of gluten-related disorders, coupled with a growing emphasis on health and wellness, propels the demand for corn flour as a versatile and nutritious ingredient in gluten-free baking, cooking, and snack food production.

Restraint:

Limited awareness and availability

In some regions or consumer segments, there may be inadequate knowledge about corn flour as a culinary ingredient, or it may not be readily accessible in local markets. This lack of awareness and availability can hinder consumer adoption and constrain market growth opportunities. However, the dominance of other flours like wheat flour in certain culinary traditions or retail channels may further marginalize the visibility and availability of corn flour products.

Opportunity:

Innovation in product development

Manufacturers continuously strive to enhance their product offerings by introducing new and improved corn flour formulations that cater to evolving consumer preferences and market trends. This innovation encompasses various aspects, including the development of organic, non-GMO, and fortified corn flour varieties to meet the growing demand for healthier and more sustainable food options. Additionally, advancements in processing technologies enable manufacturers to produce corn flour with superior texture, flavor, and nutritional profiles, further expanding its application across diverse food segments. Innovative packaging solutions and marketing strategies help differentiate corn flour products in a competitive marketplace, attracting consumers and driving market growth.

Threat:

Seasonal variability

Corn, the primary raw material used in corn flour production, is subject to seasonal fluctuations influenced by factors such as weather conditions, planting cycles, and harvest yields. Adverse weather events like droughts, floods, or storms can disrupt corn cultivation, leading to reduced crop yields and fluctuations in supply. Consequently, this can result in price instability and supply chain disruptions for corn flour manufacturers and distributors. Moreover, seasonal variations in corn production may impact the quality and consistency of corn flour products, affecting consumer confidence and demand.

Covid-19 Impact:

Initially, the market experienced disruptions in supply chains and manufacturing operations due to lockdowns, restrictions on movement, and labor shortages. These disruptions led to temporary shortages of corn flour and logistical challenges in distribution. Shifts in consumer behavior, such as increased home cooking and baking during lockdowns, boosted demand for corn flour and other pantry staples. However, as the pandemic progressed, economic uncertainties, income losses, and changes in consumer spending patterns dampened overall demand for premium food products, including specialty flours like corn flour.

The sweeteners segment is expected to be the largest during the forecast period

Sweeteners segment commanded the largest share of the market throughout the extrapolated period. Corn flour is a versatile ingredient that serves as a base for various sweetened products, ranging from baked goods to confectionery items. With the increasing consumer demand for healthier alternatives to refined sugar, corn flour sweeteners offer a natural and often lower-calorie option. Corn flour-derived sweeteners such as high-fructose corn syrup (HFCS) are widely used in the food and beverage industry as a cost-effective substitute for sucrose. Additionally, the growing popularity of processed and convenience foods, coupled with the rising demand for natural and clean-label ingredients, further drives the adoption of corn flour sweeteners by manufacturers.

The snack food segment is expected to have the highest CAGR during the forecast period

Snack Food segment is projected to witness lucrative growth over the extrapolated period. Corn flour serves as a key ingredient in a wide array of snack foods, including tortilla chips, corn chips, corn snacks, and cornbread. With the increasing popularity of snacking globally and changing consumer preferences for convenient and flavorful snacks, demand for corn flour-based snack products is on the rise. The versatility of corn flour allows for the creation of a diverse range of snack options to cater to various tastes and dietary preferences. Additionally, the innovation in snack food formulations, flavor profiles, and packaging formats further boosts the demand for corn flour, driving growth in the overall market.

Region with largest share:

Asia Pacific region commanded the largest share of the market throughout the projection period, due to the rapid urbanization and rising disposable incomes, leading to changes in dietary habits and increased consumption of processed and convenience foods. Corn flour, being a versatile ingredient used in a wide range of food applications, including traditional Asian cuisines such as Chinese, Indian, and Southeast Asian dishes, is in high demand. Moreover, government initiatives promote agricultural productivity and food security has led to increased corn cultivation in several countries in the region, ensuring a steady supply of raw material for corn flour production.

Region with highest CAGR:

Because consumers' consumption of packaged meals is on the rise due to their hectic schedules, the need for maize flour in the North American region is predicted to increase profitably over the projection period. Producers use corn flour to improve the flavor and texture of a variety of snacks, which leads to the development of a range of packaged products.

Key players in the market

Some of the key players in Corn Flour market include Bobs Red Mill Natural Foods Inc, Bunge Ltd, Cargill Inc, Doves Farm Foods Ltd, General Mills Inc, Grain Millers Inc, Gruma SAB de CV, Ingredion Inc, LifeLine Foods LLC and SEMO Milling LLC.

Key Developments:

In June 2023, Renewal Mill introduced Upcycled White Corn Flour as its third Upcycled Certified(TM) ingredient. This flour is derived from the byproduct of the cornmeal milling process. It joins Renewal Mill's range of upcycled flours, which already includes Organic Okara Flour from the byproduct of soymilk production and Oat Protein from the byproduct of oat milk production. All of these flours are gluten-free and packed with nutrients.

In November 2022, Novozymes announced a breakthrough in the next generation of corn separation technology. In 2017, it introduced the industry's first enzymatic corn separation solution called Frontia(R) Fiberwash. This solution brought a revolutionary change to the starch manufacturing industry. Frontia(R) Fiberwash has now become a standard solution in the industry, with over one-third of global corn used for starch production being treated with this enzymatic solution.

In September 2022, Grain Processing Corp. unveiled Fybrin RS, a resistant starch that is gluten-free and derived from corn. This unique starch enhances the fiber content in food formulations while providing fewer calories compared to other carbohydrates. It is appropriately labeled as "food starch-modified.

In March 2022, Nigeria's leading food and agro-allied company, Flour Mills of Nigeria (FMN), is set to tighten its grip on the country's flour milling market as it prepares to acquire a majority stake in Honeywell Flour Mills PLC (HFM), an affiliate of the Honeywell Group Ltd.

Types Covered:

• Sweeteners
• Modified Starch
• Native Starch
• Other Types

Distribution Channels Covered:

• Supermarkets/Hypermarkets
• Online Retail
• Convenience Stores

Applications Covered:

• Snack Food
• Bakery And Confectionary
• Pharmaceuticals
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Corn Flour Market, By Type

• 5.1 Introduction
• 5.2 Sweeteners
• 5.3 Modified Starch
• 5.4 Native Starch
• 5.5 Other Types

6 Global Corn Flour Market, By Distribution Channel

• 6.1 Introduction
• 6.2 Supermarkets/Hypermarkets
• 6.3 Online Retail
• 6.4 Convenience Stores

7 Global Corn Flour Market, By Application

• 7.1 Introduction
• 7.2 Snack Food
• 7.3 Bakery And Confectionary
• 7.4 Pharmaceuticals
• 7.5 Other Applications

8 Global Corn Flour Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Bobs Red Mill Natural Foods Inc
• 10.2 Bunge Ltd
• 10.3 Cargill Inc
• 10.4 Doves Farm Foods Ltd
• 10.5 General Mills Inc
• 10.6 Grain Millers Inc
• 10.7 Gruma SAB de CV
• 10.8 Ingredion Inc
• 10.9 LifeLine Foods LLC
• 10.10 SEMO Milling LLC