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)
The precooked corn flour market in the MEA is expected to grow from US$ 150.90 million in 2021 to US$ 174.75 million by 2028; it is estimated to grow at a CAGR of 2.1% from 2021 to 2028.
Corn is considered a versatile crop with high fiber content and essential minerals such as copper, iron, zinc, magnesium, and manganese; it is also an excellent source of antioxidants. Such nutritional properties make corn a primary ingredient for producing corn collets and many snack pellet products. Corn-based snack products are gaining high popularity in the market due to the health benefits associated with them. For instance, corn is regarded as healthy as any other cereal grain as it is rich in vitamins, minerals, fibers, potassium, and antioxidants. Demand for corn-based healthy snacks such as tortilla chips, corn chips, and taco shells is projected to grow over the forecast period. Health-conscious consumers are searching for healthy soup and pasta products where precooked corn flour is utilized as a key ingredient. Due to the busy lifestyle, people prefer ready-to-eat nutrient-rich meals available in small portions over the traditional large meals. Ready-to-eat food products are popular among the younger working-class consumers as they hardly find time to cook food. The increasing number of working individuals is creating the demand for ready-to-eat food items. Tortilla chips and taco shells are among those RTE or RTC foods that are popular among consumers. Therefore, the rise in the trend of healthy snacking has motivated the manufacturers to develop new precooked corn flour products in the market.
Due to the COVID-19 pandemic and subsequent lockdowns in the Middle Eastern and African countries, various manufacturing companies related to the food industry were closed, which negatively impacted 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 a rise in demand for healthy snacks across the region.
Moreover, 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, the increased demand for healthy snacks is positively impacting the precooked corn flour market.
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 MEA precooked corn flour market is expected to grow at a promising CAGR during the forecast period.
MEA Precooked Corn Flour Market Revenue and Forecast to 2028 (US$ Million)
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MEA Precooked Corn Flour Market Segmentation
MEA Precooked Corn Flour Market – by Product Type
- Yellow Corn Flour
- White Corn Flour
- Others
MEA Precooked Corn Flour Market – by Application
- Bakery and Confectionery
- Soup, Sauces, and Dressings
- RTE Meals and Foods
- Extruded Snacks
- Others
MEA Precooked Corn Flour Market – by Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA 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. MEA 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. MEA Precooked Corn Flour Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in 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 Foundation 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 – MEA Analysis
6.1 Precooked Corn Flour Market Overview
6.2 MEA Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
7. MEA Precooked Corn Flour Market Analysis – By Product Type
7.1 Overview
7.2 MEA 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. MEA Precooked Corn Flour Market Analysis – By Application
8.1 Overview
8.2 MEA 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. MEA Precooked Corn Flour Market – Country Analysis
9.1 Overview
9.1.1 MEA: Precooked Corn Flour Market, by Key Country
9.1.1.1 South Africa: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Precooked Corn Flour Market, By Product Type
9.1.1.1.2 South Africa: Precooked Corn Flour Market, by Application
9.1.1.2 Saudi Arabia: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Precooked Corn Flour Market, by Product Type
9.1.1.2.2 Saudi Arabia: Precooked Corn Flour Market, by Application
9.1.1.3 UAE: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Precooked Corn Flour Market, By Product Type
9.1.1.3.2 UAE: Precooked Corn Flour Market, by Application
9.1.1.4 Rest of MEA: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Precooked Corn Flour Market, By Product Type
9.1.1.4.2 Rest of MEA: Precooked Corn Flour Market, by Application
10. Impact of COVID-19 Pandemic on MEA Precooked Corn Flour Market
10.1 Overview – Impact of COVID-19
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. MEA Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Precooked Corn Flour Market, By Product Type– Revenue and Forecast to 2028 (USD Million)
Table 3. South Africa Precooked Corn Flour Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. Saudi Arabia Precooked Corn Flour Market, By Product Type– Revenue and Forecast to 2028 (USD Million)
Table 5. Saudi Arabia Precooked Corn Flour Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. UAE Precooked Corn Flour Market, By Product Type– Revenue and Forecast to 2028 (USD Million)
Table 7. UAE Precooked Corn Flour Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Rest of MEA Precooked Corn Flour Market, By Product Type– Revenue and Forecast to 2028 (USD Million)
Table 9. Rest of MEA Precooked Corn Flour Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Precooked Corn Flour Market Segmentation
Figure 2. MEA Precooked Corn Flour Market Segmentation – By Country
Figure 3. MEA Precooked Corn Flour Market Overview
Figure 4. Yellow Corn Flour Segment held the Largest Share in 2020
Figure 5. Rest of MEA Held Largest Share in 2020
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. MEA Precooked Corn Flour Market Impact Analysis of Drivers and Restraints
Figure 9. MEA Precooked Corn Flour Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. MEA Precooked Corn Flour Market Revenue Share, by Product Type (2020 and 2028)
Figure 11. MEA Yellow Corn Flour: Precooked Corn Flour Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 12. MEA White Corn Flour: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Others: Precooked Corn Flour Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 14. MEA Precooked Corn Flour Market Revenue Share, by Application (2020 and 2028)
Figure 15. MEA Bakery and Confectionery: Precooked Corn Flour Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 16. MEA Soup, Sauces and Dressings: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Extruded Snacks: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA RTE Meals and Food: Precooked Corn Flour Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. MEA Others: Precooked Corn Flour Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. MEA: Precooked Corn Flour Market Overview, By Country - 2020 (US$ Mn)
Figure 21. MEA: Precooked Corn Flour Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. South Africa: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Figure 23. Saudi Arabia: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. UAE: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of MEA: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic on Precooked Corn Flour Market in Middle East and Africa
- 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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