Cornmeal had become a staple diet of Native Americans thousands of years before Europeans first appeared on the New World's coasts. One of the most important ways they used maize was to grind it into a coarse meal, which was then used to produce pone, a flatbread cooked in ashes, drinks like Atole and Chicha, and Indian pudding, a thick porridge known simply as corn mush or Indian mush. Early British colonists then converted their customary 'hasty pudding' into a corn variant known as Indian pudding, which is still a favourite treat today.
In many countries in North America, Central America and South America, cornmeal is used to make masa (usually cornmeal mixed with lime water or lard). This is the main ingredient used in various delicious dishes in the region. For example, in Mexico, cornmeal is the main component of many diets. Masa is used in tortillas (staple food), atole (hot drinks based on masa), tamales, etc. Masa is stuffed with various fillings and wrapped in corn husks.
In Colombia and Venezuela cornmeal is used to make the maize dough for arepas, which, in addition to tamales, are packed with numerous stuffings. However, they undergo extra a resemblance to pupusas from El Salvador (which additionally comprise one-of-a-kind fillings) as they're comparable in layout and are each generally fried. Then in locations just like the United States of America, Italy, and Romania, cornmeal is used to make their very own delectable creations - which might be all various variations of a form of cornmeal porridge. The use of corn masara in Italy and Romania is more similar than in the southern United States because it was introduced to corn by the Turks in the 16th century. Then they planted corn, which resulted in them making muddy with their crops. In Italy, it was called Polenta and the Romanians were called Mariga, but they are made in the same way. In both recipes, cornmeal is cooked with water, soup, milk and cheese, herbs, or butter. Another delicious dish is plastic from Bosnia and Herzegovina. It is a polenta cooked with water and oil and is ready when the liquid evaporates. Next, top the plastic with a mixture of cottage cheese and yogurt and finish with garlic and a small amount of butter.
The main reason is that corn is a productive and versatile crop that accommodates investment in research, breeding and promotion. Cornmeal has incredibly high yields compared to most other US plants and grows almost anywhere in the country, especially in the Midwest and the Great Plains. Although U.S. corn is a particularly efficient crop, with traditional yields among a hundred and forty and a hundred and sixty bushels in line with an acre, the ensuing shipping of meals with the aid of using the corn machine is some distance decrease. Today`s corn crop is especially used for biofuels (more or less forty in line with cent of U.S. corn is used for ethanol) and as animal feed (more or less 36 in line with cent of U.S. corn, plus distillers grains left over from ethanol manufacturing, is fed to cattle, pigs and chickens). Much of the relaxation is exported. Only a tiny fraction of the countrywide corn crop is at once used for meals for Americans, a lot of that for high-fructose corn syrup. Yes, the corn fed to animals does produce precious meals for humans, especially the shape of dairy and meat products, however most effective after struggling with main losses of energy and protein along the way.
The cornmeal market is segmented into form, nature, product type, distribution channels, applications and region. Based on type, the market is categorized into blue cornmeal, yellow cornmeal, white cornmeal and stone-ground cornmeal. Based on flavour, it is segregated into sweet soft and buttery. Based on packaging, it is segregated into Plastic and cans. Based on the sales channel, is divided into B2B and B2C. Based on region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Ukraine, Russia, Romania), Asia-Pacific (China, Japan, India), and LAMEA (Brazil).
The players operating in the global cornmeal market have adopted various developmental strategies to expand their cornmeal market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Gruma, General Mills, Semo Millings, Archer Daniels Midland, Cargill Incorporated, Tate and Lyle, Bunge, Bob’s Red Mill, Associated British Foods, Lifeline Foods, and Dover Corn Products Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cornmeal market analysis from 2021 to 2031 to identify the prevailing cornmeal market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cornmeal market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cornmeal market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Form
- Corn Grits
- Corn Flour
- Others
By Nature
- Organic
- Conventional
By Product Type
- Blue Cornmeal
- Stone Ground Cornmeal
- White Cornmeal
By Distribution Channel
- B2B
- B2C
By Application
- Food Industry
- Animal Feed
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Rest of Europe
- U.K
- Germany
- France
- Russia
- Italy
- Spain
- Asia-Pacific
- China
- India
- Japan
- Australia And New Zealand
- South Korea
- Mayanmar
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Turkey
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- BOB’S RED MILL NATURAL FOODS
- ARCHER DANIELS MIDLAND
- LIFELINE FOODS
- BUNGE
- DOVER CORN PRODUCTS LTD
- ASSOCIATED BRITISH FOODS
- SEMO MILLING
- GRUMA
- C.H. GUENTHER AND SON
- TATE AND LYLE
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Table of Contents
Executive Summary
According to the report, titled, “Cornmeal Market," the cornmeal market size was valued at $729.40 million in 2021 and is estimated to reach $1.05 billion by 2031, growing at a CAGR of 3.9% from 2022 to 2031.The corn flour segment was the highest revenue contributor to the cornmeal market, with $276.4 million in 2021, and is estimated to reach $375.3 million by 2031, with a CAGR of 3.2%. The others segment is estimated to reach $353.7 million by 2031, at a significant CAGR of 4.2% during the forecast period. The corn flour and others segments collectively accounted for around 70.5% market share in 2021, with the former constituting around 37.9% share. The corn grits and others segments are expected to witness considerable CAGRs of 4.2% and 4.2% respectively, during the forecast period. The cumulative share of these two segments was 62.1% in 2021 and is anticipated to reach 64.2% by 2031.
Cornmeal is made by grinding dry corn kernels into one of three textures: medium, fine and coarse. The traditional way to make corn masara was to grind it on a stone. It leaves a grain shell and part of the germ. This makes cornmeal more nutritious, but it has a higher fat content and is more prone to spoilage. A more recent way to mill corn is to use a steel roller that removes most shells and bacteria. The supplemental elements in cornmeal help to improve cardiovascular health and lower cholesterol levels in the body. Cornmeal has a sweet, soft, juicy clear and buttery flavor that gives customers an enhanced experience and provides cornmeal market opportunity.
Manufacturing firms are bringing advanced flavored cornmeal goods to cater to the necessities of the consumers and it’s helping to grow the cornmeal market size. Corn is the cereal with the maximum production universal and is used for human consumption, fuel, and livestock feed. Numerous food technologies are presently used for processing industrially formed maize flours and corn meals in diverse parts of the world to obtain cooked refined dehydrated nixtamalized flour, maize flour, fermented maize flours, and other maize products. These crops have different intrinsic vitamin and mineral contents, and their processing tracks different pathways from raw grain to the consumer final product, which entails changes in nutrient composition. Dry corn machine-driven processing produces full or fractionated products, parted by anatomical features for example germ, bran and endosperm. Wet maize processing parts by chemical compound classification such as protein and starch. Describes numerous industrial processes such as dry milling fractionation, whole grains, and nixtamalization. The loss of vitamins and minerals during processing has been recognized and the nutritional effects have been outlined. It also describes the vitamin and mineral content of corn.
Corn is a brilliant source of potassium and an essential nutrient that numerous Americans do not get enough. Potassium regulates the circulatory arrangement and helps maintain appropriate blood flow and a strong heart rate. Low potassium levels can lead to a possibly serious condition called hypokalemia. Corn contains lutein, a carotenoid similar to vitamin A usually originate in vegetables and fruits. Lutein is known to decrease the risk of macular degeneration, cataracts and other eye diseases. Corn is rich in fiber and is needed to maintain a healthy lifestyle. Fiber is the majority of plant-based foods that your body does not digest. Although not digested, corn fiber offers many other benefits, such as controlling bowel movements and controlling blood sugar levels. Corn contains vitamin B6, a nutrient needed to maintain healthy pyridoxine levels. Pyridoxine deficiency causes anemia and can increase the risk of heart disease, depression, and PMS.
The market is segmented into form, nature, product type, distribution channel, application and region. On the basis of type, the market is categorized into corn grits, corn flours and others (degerminated, bolted). On the basis of nature, it is segregated into organic and conventional. On the basis of product type, it is bifurcated into blue cornmeal, stone-ground cornmeal, and white cornmeal. On the basis of distribution channel, it is divided into B2B and B2C. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Ukraine, Russia, Romania and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific), and LAMEA (Brazil, United Arab Emirates, Argentina, South Africa, and Rest of LAMEA).
Key Findings of the Study
- On the basis of cornmeal market analysis for type, the segment is projected to witness the highest CAGR, in revenue terms, during the forecast period.
- On the basis of flavor, the segment is expected to dominate the cornmeal industry from 2021 to 2030.
- On the basis of cornmeal market trends for packaging, the segment is projected to witness the highest CAGR, in revenue terms, during the forecast period.
- On the basis of the Distribution channel, the B2B and B2C segment is expected to grow at a significant CAGR during the cornmeal market forecast period.
- On the basis of region, the U.S. was the largest country, in terms of revenue generation for the cornmeal market in 2020.
- On the basis of region, Asia-Pacific is anticipated to witness the highest cornmeal market growth rate, registering a CAGR from 2021 to 2030.
Companies Mentioned
- Bob’S Red Mill Natural Foods
- Archer Daniels Midland
- Lifeline Foods
- Bunge
- Dover Corn Products Ltd
- Associated British Foods
- Semo Milling
- Gruma
- C.H. Guenther and Son
- Tate and Lyle
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 300 |
Published | July 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 729.4 million |
Forecasted Market Value ( USD | $ 1050 million |
Compound Annual Growth Rate | 3.7% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |