Asia Pacific 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)
The precooked corn flour market in APAC is expected to grow from US$ 940.72 million in 2021 to US$ 1,378.25 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028.
The demand for organic precooked corn flour products has grown considerably over the past few years in several countries. The rising awareness among the consumers about the health benefits of organic precooked corn flour products has bolstered the demand for the products. Additionally, the higher purchasing power of consumers in several countries is projected to boost the demand for organic products. Consumers in several countries are willing to pay higher prices for products that offer various health benefits. The increase in demand is linked with consumer perception about their health, environmental concerns, and sensory attributes such as nutritional values, taste, and freshness. Thus, health-conscious consumers are preferring organic precooked corn flour products over conventional precooked corn flour products. Due to their nutritional value, consumers prefer premium organic precooked corn flour products options available in the market. Organic precooked corn flour products such as yellow corn flour, white corn flour, and blue corn flour are produced from organically produced corn. These ingredients are produced without the use of artificial chemicals, hormones, antibiotics, or genetically modified organisms. Furthermore, these products are free of artificial food additives, including artificial sweeteners, preservatives, coloring, flavoring, and monosodium glutamate (MSG). Genetically modified organisms are raw materials bioengineered to improve crop yields, resist pests, or increase nutrient levels. While many crops are grown with GMO seeds, consumers have a growing interest in reducing or eliminating GMOs in their diets. In response, many precooked corn flour producers are introducing non-GMO precooked corn flour options to the consumers to increase the customer base and earn high profits. Therefore, the increasing popularity of organic and non-GMO precooked corn flour products among consumers is expected to provide a huge market opportunity for precooked corn flour manufacturers across the region.
The COVID-19 pandemic is anticipated to cause huge disruptions in the growth of various industries of Asia Pacific. However, the uncertainty regarding future outbreaks, especially in countries such as India and a few other Asian countries, has altered the status of several industrial sectors. The shutdown of manufacturing units and supply chain disruptions have negatively impacted the precooked corn flour market. During the pandemic, the demand for ready-to-eat food products increased across the region, positively impacting the precooked corn flour market. According to an online grocery firm, Grofers, the demand for packaged food in India increased and witnessed a spike of 80% during the second lockdown. Thus, a rise in demand for ready-to-eat products will lead to increased use of precooked corn flour as an essential ingredient for such products.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the precooked corn flour market. The APAC precooked corn flour market is expected to grow at a good CAGR during the forecast period.
APAC Precooked Corn Flour Market Revenue and Forecast to 2028 (US$ Million)
APAC Precooked Corn Flour Market Segmentation
APAC Precooked Corn Flour Market – by Product Type
- Yellow Corn Flour
- White Corn Flour
- Others
APAC Precooked Corn Flour Market – by Application
- Bakery and Confectionery
- Soup, Sauces, and Dressings
- RTE Meals and Foods
- Extruded Snacks
- Others
APAC Precooked Corn Flour Market – by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Precooked Corn Flour Market – Companies Mentioned
- Agricor
- Archer Daniels Midland Company
- Buhler
- Bunge Limited
- Cargill, Incorporated
- Gruma, S.A.B de C.V
- Limagrain
- Molion Peila SpA
- SEMO Milling LLC
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. APAC Precooked Corn Flour Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Expert Opinion
5. APAC Precooked Corn Flour Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Gluten-Free Food Products
5.1.2 Rising Preference for Convenience Food Products
5.2 Market Restraints
5.2.1 Lack of Awareness Among Consumers
5.3 Market Opportunities
5.3.1 Introduction of Organic and Non-GMO Precooked Corn Flour
5.4 Future Trends
5.4.1 Emerging Demand for Corn-Based Snacks
5.5 Impact Analysis of Drivers and Restraints
6. Precooked Corn Flour Market – APAC Analysis
6.1 Precooked Corn Flour Market Overview
6.2 APAC Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
7. APAC Precooked Corn Flour Market Analysis – By Product Type
7.1 Overview
7.2 APAC Precooked Corn Flour Market, By Product Type (2020 and 2028)
7.3 Yellow Corn Flour
7.3.1 Overview
7.3.2 Yellow Corn Flour: Precooked Corn Flour Market – Revenue and Forecast to 2028 (US$ Million)
7.4 White Corn Flour
7.4.1 Overview
7.4.2 White Corn Flour: Precooked Corn Flour Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Precooked Corn Flour Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Precooked Corn Flour Market Analysis – By Application
8.1 Overview
8.2 APAC Precooked Corn Flour Market, By Application (2020 and 2028)
8.3 Bakery and Confectionery
8.3.1 Overview
8.3.2 Bakery and Confectionery: Precooked Corn Flour Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Soup, Sauces and Dressings
8.4.1 Overview
8.4.2 Soup, Sauces and Dressings: Precooked Corn Flour Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Extruded Snacks
8.5.1 Overview
8.5.2 Extruded Snacks: Precooked Corn Flour Market – Revenue and Forecast to 2028 (US$ Million)
8.6 RTE Meals and Food
8.6.1 Overview
8.6.2 RTE Meals and Food: Precooked Corn Flour Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Precooked Corn Flour Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Precooked Corn Flour Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Precooked Corn Flour Market , by Key Country
9.1.1.1 Australia: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Precooked Corn Flour Market, by Product Type
9.1.1.1.2 Australia: Precooked Corn Flour Market, by Application
9.1.1.2 China: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Precooked Corn Flour Market, by Product Type
9.1.1.2.2 China: Precooked Corn Flour Market, by Application
9.1.1.3 India: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Precooked Corn Flour Market, by Product Type
9.1.1.3.2 India: Precooked Corn Flour Market, by Application
9.1.1.4 Japan: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Precooked Corn Flour Market, by Product Type
9.1.1.4.2 Japan: Precooked Corn Flour Market, by Application
9.1.1.5 South Korea: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Precooked Corn Flour Market, By Product Type
9.1.1.5.2 South Korea: Precooked Corn Flour Market, by Application
9.1.1.6 Rest of APAC: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC: Precooked Corn Flour Market, By Product Type
9.1.1.6.2 Rest of APAC: Precooked Corn Flour Market, by Application
10. Impact of COVID-19 Pandemic on APAC Precooked Corn Flour Market
10.1 Overview
11. Company Profile
11.1 Archer Daniels Midland Company
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Cargill, Incorporated
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Limagrain
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Bunge Limited
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 GRUMA, S.A.B. de C.V
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Information
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 AGRICOR
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Buhler
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Molino Peila SpA
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 SEMO Milling, LLC
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. APAC Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Precooked Corn Flour Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Australia Precooked Corn Flour Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. China Precooked Corn Flour Market, By Product Type– Revenue and Forecast to 2028 (USD Million)
Table 5. China Precooked Corn Flour Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. India Precooked Corn Flour Market, By Product Type– Revenue and Forecast to 2028 (USD Million)
Table 7. India Precooked Corn Flour Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Japan Precooked Corn Flour Market, By Product Type– Revenue and Forecast to 2028 (USD Million)
Table 9. Japan Precooked Corn Flour Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. South Korea Precooked Corn Flour Market, By Product Type– Revenue and Forecast to 2028 (USD Million)
Table 11. South Korea Precooked Corn Flour Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of APAC Precooked Corn Flour Market, By Product Type– Revenue and Forecast to 2028 (USD Million)
Table 13. Rest of APAC Precooked Corn Flour Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Precooked Corn Flour Market Segmentation
Figure 2. APAC Precooked Corn Flour Market Segmentation – By Country
Figure 3. APAC Precooked Corn Flour Market Overview
Figure 4. Yellow Corn Flour Segment held the Largest Share in 2020
Figure 5. China Held Largest Share in 2020
Figure 7. Porter’s Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. APAC Precooked Corn Flour Market Impact Analysis of Drivers and Restraints
Figure 10. APAC Precooked Corn Flour Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. APAC Precooked Corn Flour Market Revenue Share, by Product Type (2020 and 2028)
Figure 12. APAC Yellow Corn Flour: Precooked Corn Flour Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 13. APAC White Corn Flour: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Others: Precooked Corn Flour Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 15. APAC Precooked Corn Flour Market Revenue Share, by Application (2020 and 2028)
Figure 16. APAC Bakery and Confectionery: Precooked Corn Flour Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 17. APAC Soup, Sauces and Dressings: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Extruded Snacks: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC RTE Meals and Food: Precooked Corn Flour Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. APAC Others: Precooked Corn Flour Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 21. APAC: Precooked Corn Flour Market Overview, By Country - 2020 (US$ Mn)
Figure 22. Asia Pacific: Precooked Corn Flour Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. Australia: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. China: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. India: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. Japan: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. South Korea: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of APAC: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic on Precooked Corn Flour Market in Asia Pacific
- Agricor
- Archer Daniels Midland Company
- Buhler
- Bunge Limited
- Cargill, Incorporated
- Gruma, S.A.B de C.V
- Limagrain
- Molion Peila SpA
- SEMO Milling LLC
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