Precooked Corn Flour Market

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Precooked Corn Flour Market (Application - Bakery Products, Noodles and Pasta, Sauces, Extruded Products, and Breakfast Cereals; Source - Maize, Wheat, Rice, and Other Sources; End User - Online Retail, and Store Base Retail): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : January, 2020

  • Rep Id : FB0222

  • Category : Food & Beverages

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Precooked Corn Flour Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Precooked Corn Flour Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Precooked Corn Flour Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on the precooked corn flour market provides an in-depth analysis of segments and sub-segments in the global as well as regional precooked corn flour market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional precooked corn flour market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global precooked corn flour market. According to the report, the global precooked corn flour market is projected to grow at a CAGR of 4.2% over the forecast period of 2019-2025.

 

Market Insight

Precooked corn flour is made up of pure corn and used in the manufacturing of household dishes such as fast food products, meat products, and soup. Corn and its products are considered as healthy to consume. It does not contain gluten protein as it is found in other flour that is one of the major causes of celiac disease that leads to difficulty in digesting food. It does not contain any preservatives, artificial colors or flavoring as well as the production process is chemical-free. Some pre-cooked corn flour such as masarepa is used to prepare arepas which is a type of corn cake and it is famous in Colombia and Venezuela. Nowadays, masarepa is processed at the industrial level and most grocery stores keep this pre-cooked corn flour which is helpful to prepare arepas easily.

 

In North America, 3 million people are affected by celiac disease. Among them, 97 % of people are not under-diagnosis. Thereby, increasing prevalence of the autoimmune digestive diseases due to the intake of gluten has boosted the demand for the gluten-free products that are present in the precooked corn flour. Therefore, these factors enhance the growth of the market. On the other hand, organic pre-cooked food with high nutrition has been launched by many manufacturers. Its uses for preparing snacks, soups, bakery products, sauces, pizza, pasta, and other products raise the demand in the precooked corn flour market. Besides, the manufacturer is also using xanthan and carboxy methyl cellulose gums in corn starch to produce low-phenylalanine bread for phenylketonuria patients. Eventually, the increasing number of phenylketonuria patients drives this market. When pre-cooked corn flour gets integrated with the various other food products, it becomes more nutritive and increases the values of the food product. Hence, this integration of the various food has increased the need for the precooked corn flour product. In addition, the food processing of the precooked corn flour takes lesser time, which propels the growth of this market. People are becoming more conscious about health and prefer organic food products mostly. Thereby, changing the lifestyle of people impels the growth of the precooked corn flour market. However, the lack of awareness and trust among the consumer about the precooked corn flour product yet remain one of the major restraints to this market. Moreover, the availability of the precooked food for the infant food formulations to provide nutrition and texture offers favorable opportunities in the precooked corn flour market.

 

Latin America holds the highest market share in this market due to the increasing use of precooked food in traditional food products. Besides, Latin America is the largest consumer of the precooked corn flour and major players in the global precooked corn flour market are expanding their distribution channels in Latin America. Therefore, these factors boost the growth of the market. On the other hand, Asia Pacific is expected to grow at the highest CAGR in the forecast period due to the presence of the food culture. The consumption of wheat-based food products is high in this region. The demand for infant food formulations has increased as it provides nutrition and texture as compared to the other products. Hence, infant formulation is expected to grow at the highest CAGR in the forecast period.

 

Segment Covered

The report on the global precooked corn flour market covers segments such as application, source, and end user. On the basis of application, the sub-markets include bakery products, noodles and pasta, sauces, extruded products, and breakfast cereals. On the basis of source, the sub-markets include maize, wheat, rice, and other sources. On the basis of end user, the sub-markets include online retail, and store base retail.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Goya Foods, Inc, CerealVeneta, Kenton Food Inc., Herba Ingredients BV, Doorstep Organics, Anto Natural Foods, WIRACCOCHA DEL PERU SAC, and Empresas Polar.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of precooked corn flour market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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