North America 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) 

Code: TIPRE00028651 | Pages: 101 | Industry: Food and Beverages | Date: Apr 2022 | Type: Regional

The precooked corn flour market in North America is expected to grow from US$ 889.35 million in 2021 to US$ 1,194.41 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028.

 

The demand for gluten-free food products has grown considerably over the past few years due to the rising prevalence of celiac disease in several countries. Celiac disease is an autoimmune disorder that damages the small intestine lining and restrains the absorption of nutrients from consumed food items. This damage is mainly caused due to the reaction of consuming foods with high gluten content, such as wheat, rye, barley, and oats. Gluten consumption creates various health issues in some people. Moreover, excess consumption of these products can lead to serious health issues like sensitivity, wheat allergy, and celiac disease. According to the World Gastroenterology Organization (WGO), celiac disease is affecting people from all age groups, including adults and the elderly. Besides the increased prevalence of celiac disease, gluten-free products are also gaining popularity due to the increasing number of people suffering from inflammatory diseases. The demand for gluten-free food products has increased over the past few years due to the rising awareness about the advantages of a healthy lifestyle among consumers. Consumers prefer gluten-free products processed from corn, millets, soybean, and pseudocereals to maintain a healthy lifestyle. Moreover, precooked corn flour prepared from pure ground corn does not contain gluten. Instead of gluten, precooked corn flour contains hemicellulose, which is a glue-like component found in corn. Therefore, food products made from precooked corn flour are suitable for consumption for people suffering from gluten intolerance or celiac disease. Thus, the increasing demand for gluten-free food products is driving the market.

 

The US has the highest number of confirmed COVID-19 cases among all key countries in the region. This has negatively impacted the overall manufacturing processes, research, and development activities. The significant disruption in manufacturing facilities, along with raw material sourcing, has had a negative impact on the precooked corn flour market. The pandemic has had a negative impact on the food supply chains, simultaneously affecting farm production, food processing, transport, and logistics. During the pandemic, there have been changes in the consumer lifestyle which led to an increase in demand for healthy food products, including ready-to-eat, extruded snacks, and bakery products. In such stressful times, people were turning to snacks for their comfort, and it led to increasing demand for healthy snacks. The growing consumer focus on health and wellbeing due to the pandemic is also expected to promote the demand for precooked corn flour in the North American 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 North America precooked corn flour market is expected to grow at a good CAGR during the forecast period.

 

North America Precooked Corn Flour Market Revenue and Forecast to 2028 (US$ Million)

North America Precooked Corn Flour Market Revenue and Forecast to 2028 (US$ Million)

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North America Precooked Corn Flour Market Segmentation

 

North America Precooked Corn Flour Market – by Product Type

  • Yellow Corn Flour
  • White Corn Flour
  • Others

North America Precooked Corn Flour Market – by Application

  • Bakery and Confectionery
  • Soup, Sauces, and Dressings
  • RTE Meals and Foods
  • Extruded Snacks
  • Others

North America Precooked Corn Flour Market – by Country

  • US
  • Canada
  • Mexico

North America 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.           North America 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.           North America Precooked Corn Flour Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Rising 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 – North America Analysis

6.1         North America Precooked Corn Flour Market Overview

6.2         North America Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)

7.           North America Precooked Corn Flour Market Analysis – By Product Type

7.1         Overview

7.2         North America 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.           North America Precooked Corn Flour Market Analysis – By Application

8.1         Overview

8.2         North America 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.           North America Precooked Corn Flour Market – Country Analysis

9.1         Overview

9.1.1        North America: Precooked Corn Flour Market , by Key Country

9.1.1.1          US: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          US: Precooked Corn Flour Market, by Product Type

9.1.1.1.2          US: Precooked Corn Flour Market, by Application

9.1.1.2          Canada: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          Canada: Precooked Corn Flour Market, By Product Type

9.1.1.2.2          Canada: Precooked Corn Flour Market, by Application

9.1.1.3          Mexico: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          Mexico: Precooked Corn Flour Market, by Product Type

9.1.1.3.2          Mexico: Precooked Corn Flour Market, by Application

10.        Impact of COVID-19 Pandemic on North America 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.             North America Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             US Precooked Corn Flour Market, By Product Type– Revenue and Forecast to 2028 (USD Million)

Table 3.             US Precooked Corn Flour Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 4.             Canada: Precooked Corn Flour Market, By Product Type – Revenue and Forecast to 2028 (USD Million)

Table 5.             Canada Precooked Corn Flour Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 6.             Mexico Precooked Corn Flour Market, By Product Type – Revenue and Forecast to 2028 (USD Million)

Table 7.             Mexico Precooked Corn Flour Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 8.             List of Abbreviation

 


LIST OF FIGURES

Figure 1.           North America Precooked Corn Flour Market Segmentation

Figure 2.           North America Precooked Corn Flour Market Segmentation – By Country

Figure 3.           North America Precooked Corn Flour Market Overview

Figure 4.           North America Yellow Corn Flour Segment held the Largest Share in 2020

Figure 5.           US Held Largest Share in 2020

Figure 7.           Porter’s Five Forces Analysis

Figure 8.           Expert Opinion

Figure 9.           North America Precooked Corn Flour Market Impact Analysis of Drivers and Restraints

Figure 10.        North America Precooked Corn Flour Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        North America Precooked Corn Flour Market Revenue Share, by Product Type (2020 and 2028)

Figure 12.        orth America Yellow Corn Flour: Precooked Corn Flour Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 13.        North America White Corn Flour: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)

Figure 14.        North America Others: Precooked Corn Flour Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 15.        North America Precooked Corn Flour Market Revenue Share, by Application (2020 and 2028)

Figure 16.        North America Bakery and Confectionery: Precooked Corn Flour Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 17.        North America Soup, Sauces and Dressings: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)

Figure 18.        North America Extruded Snacks: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)

Figure 19.        North America RTE Meals and Food: Precooked Corn Flour Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 20.        North America Others: Precooked Corn Flour Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 21.        North America: Precooked Corn Flour Market Overview, By Country - 2020 (US$ Mn)

Figure 22.        North America: Precooked Corn Flour Market Revenue Share, by Key Country (2020 and 2028)

Figure 23.        US: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Canada: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Mexico: Precooked Corn Flour Market –Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Impact of COVID-19 Pandemic on Precooked Corn Flour Market in North America

  1. Agricor
  2. Archer Daniels Midland Company
  3. Buhler
  4. Bunge Limited
  5. Cargill, Incorporated
  6. Gruma, S.A.B de C.V
  7. Limagrain
  8. Molion Peila SpA
  9. SEMO Milling LLC
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