Growing Demands for Gluten-Free Food Products Bolstering the Precooked Corn Flour Market
Precooked corn flour is gluten-free flour processed naturally, used to make tamales, tortillas, and other Mexican dishes. To prepare precooked corn flour, field corn or maize is dried then treated in a solution of water and lime, also called as slaked lime. The flour has rich amount of calcium and vitamin B. As precooked corn flour is gluten-free, the food products made from this flour are mostly consumed by people suffering from celiac disease.
On the basis of products, the market of precooked corn flour is categorized into white corn flour, yellow corn flour, and blue corn flour. It has been observed that by accounting for 68.0% of the total market share, the yellow corn flour segment dominated the market in 2018.
Yellow corn flour is easily available and widely used for producing food products such as bakery and confectionery, RTC food and extruded snacks. Furthermore, nachos, tortilla chips, and taco shells made from yellow corn flour are becoming very popular among the consumers. This popularity is bolstering the demand for precooked corn flour market globally. Moreover, as per the expert’s predictions, the white corn flour segment will grow at a faster pace in coming years due to rising awareness among the health-conscious consumers about the health benefits offered by white corn flour.
As per the research report published by The Insight Partners, Precooked Corn Flour Market is expected to reach at US$3,615.2 million by 2027 with CAGR of 4.4% from 2019 to 2027. Some major market players including Archer Daniels Midland Company, Limagrain (Limagrain Ingredients), Cargill, Incorporated, Bob’s Red Mill Natural Foods, and Goya Foods, Inc. are already operating in the global precooked corn flour market.
To expand the geographical presence and consumer base globally, some companies are focusing on strategies such as mergers and acquisitions and research and development. For instance, in November 2019, Cargill India, which produces 800-tonne-per day wet corn milling plant at Karnataka, India, has partnered with two units in South India (Karnataka and Andhra Pradesh) and this partnership helped the company to double its production capacity.
Over past few years, the demand for gluten-free food products has grown rapidly due to the rising prevalence of celiac disease in developing and developed regions such as Europe, South America, North American, and Asia Pacific. According to the World Gastroenterology Organization (WGO), people from all age groups are suffering from celiac disease. Moreover, precooked corn flour is prepared from pure ground corn and it is gluten-free. Plus, precooked corn flour contains good amount of hemicellulose, a glue-like component. That’s why the consumption of food products made from this flour suite to people suffering from celiac disease or gluten intolerance.
The demand for convenience food products—prepared with less time and effort— such as pizza, biscuits, tortilla chips, bread, and cookies are increasing exponentially because of the urbanization and rapid changes in social and economic patterns. Additionally, changes in food habits, the rising buying power of the consumers, and spreading awareness about health foods are bolstering the demand for convenience food. And this significant shift towards convenience foods in developed countries like the U.S., Canada, Mexico, France, Italy, Germany, and China, is driving the demand for precooked corn flour.
Research analyst concludes that the lack of awareness regarding the products manufactured by precooked corn flour among consumers in the developed and developing regions may restrain the growth of the market. Also, as per their observation the Asia Pacific and the Middle East, Europe, and Africa are unaware of the availability of precooked corn flour products and its uses. This lack of knowledge is projected to hamper the growth of the precooked corn flour market.
Neha writes articles on sectors including medicine, food, materials, and science & technology. A qualified statistician, she has the ability to observe and analyze the trends in global markets and write compelling articles that help CXOs in decision making. She is a bookworm and loves to read fiction, lifestyle, science and technology. Neha comes with 6 years of experience in content writing and editing that involves blog writing, preparation of study materials and OERs.