Report : Middle East and Africa Precooked Corn Flour Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Yellow Corn Flour, White Corn Flour, and Others) and Application (Bakery and Confectionery, Soup, Sauces and Dressings, RTE Meals and Foods, Extruded Snacks, and Others)Â
Yellow Corn Flour Segment to Dominate MEA Precooked Corn Flour Market during 2021–2028
According to a new market research study on “MEA Precooked Corn Flour Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type and Application” is expected to reach US$ 174.75 million by 2028 from US$ 150.90 million in 2021. The market is estimated to grow at a CAGR of 2.1% from 2021 to 2028. The report provides trends prevailing in the MEA precooked corn flour market along with the drivers and restraints pertaining to the market growth. Emerging demand for corn-based snacks is the major factor driving the growth of the MEA precooked corn flour market. However, issues associated with the lack of awareness among consumers hinder the growth of MEA precooked corn flour market.
The MEA precooked corn flour market is segmented into product type, application, and country. Based on product type, the MEA precooked corn flour market is categorized into yellow corn flour, white corn flour, and others. The yellow corn flour segment dominated the market in 2020 and white corn flour segment is expected to be the fastest growing during the forecast period. Based on application, the MEA precooked corn flour market is segmented into bakery and confectioneries, soups, sauces, and dressings, RTE meals and foods, extruded snacks, and others. The extruded snacks segment dominated the market in 2020 and RTE meals and foods segment is expected to be the fastest growing during the forecast period. Based on country, MEA precooked corn flour market is classified into South Africa, Saudi Arabia, UAE, and Rest of MEA.
South Africa has the highest COVID-19 cases in the Middle East and Africa region, followed by Saudi Arabia and the UAE, among others. UAE was the first country in the Middle East and Africa to report a confirmed case of COVID-19. The impact of lockdown in the Middle Eastern and African countries was that various manufacturing companies related to the food industry were closed which led to a negative impact on the production of precooked corn flour. According to Duncan McCulloch, general manager of Mars Wrigley Middle East and Africa, the COVID-19 pandemic led to increased consumer awareness of health and wellness, which led to increased demand for healthy snack food across the region. Along with this, the Gulf Cooperation Council (GCC) is consistent with the global trend in terms of growth and potential related to healthy snacks and Saudi Arabia is the fastest growing country for healthy snacks in the region. Thus, increased demand for healthy snacks is having a positive impact on the precooked corn flour market.
Agricor; Archer Daniels Midland Company; Buhler; Bunge Limited; Cargill, Incorporated; SRL; Gruma, S.A.B de C.V; Limagrain ; Molion Peila SpA; and SEMO Milling LLC are among the leading companies in the MEA precooked corn flour market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com