Overview of the global cornmeal market
According to the Technavio’s analysts, the global cornmeal market is anticipated to grow at a steady rate and will post a CAGR of close to 2% during the forecast period. The growing popularity of craft beer will drive the growth prospects for the global cornmeal market for the next four years. With the updated definition of the craft beer to include the limited use of adjuncts such as corn or rice in the brewing process, the use of corn grits in the brewery as craft beer is also increasing. Also, craft breweries are seeking opportunities to come up with new products to increase their presence in the market. Furthermore, it has been observed that the number of breweries is also increasing across the globe, which, in turn, will drive the growth rate of global cornmeal market. For instance, the number of a craft brewery in the US is increased by 18.1% in 2015 compared with 2014.
In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. According to the industry research report, the demand for cornmeal products in the Americas is growing due to the rising demand for corn snacks including corn chips, tortilla chips, taco shells, and a wide variety of other popular Mexican foods. Also, the addition of whole cornmeal and corn flour in the making of snacks gives a high puff in the preparation of processed or extruded snack products due to the presence of high starch content in it.
Competitive landscape and key vendors
The global cornmeal market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. Also, these vendors increasingly take into consideration the region's retail landscape, culture, dynamics, and consumer preferences before launching any new product in the market. According to the cornmeal market analysis report, several manufacturers are creating strong distribution channels due to the intensifying competition and growing demand for corn-based foods.
Key vendors in this market are -
- Archer Daniels Midland
- Bunge
- Cargill
- Gruma
- Tate & Lyle
Other prominent vendors in the market include Andersons, Associated British Foods, Bob’s Red Mill, C.H. Guenther & Son, General Mills, Grupo Bimbo, LifeLine Foods, SEMO Milling, and Suedzuckerd.
Segmentation by end-user and analysis of the cornmeal market
- Retail
- Industrial
- Food services
The industrial sector accounted for the majority market share during 2016 and will continue to dominate the market until the end of 2021. It has been observed that corn milling products in corn mills such as brewery grits, corn starch, and corn flour are the most widely used products in the industrial sector. The cornmeal market share and size is expected to witness growth in the forthcoming years.
Segmentation by product and analysis of the cornmeal market
- Brewery grits
- RTE cornmeal
- Corn flour
- Corn grits
- Whole grains
- Wheat flour and mixes
The global market for brewery grits accounted for the majority market share during 2016 and will continue to dominate the market until the end of 2021. One of the major factors responsible for the market segment’s growth is the increasing demand for beer on a global level. This will have a positive impact on the cornmeal market growth.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global cornmeal market?
- What are the key market trends impacting the growth of the global cornmeal market?
- What are the challenges to market growth?
- Who are the key vendors in the global cornmeal market?
- What are the market opportunities and threats faced by the vendors in the global cornmeal market?
- What are the trending factors influencing the market shares of the Americas, APAC, Europe, MEA?
- What are the key outcomes of the five forces analysis of the global cornmeal market?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
- Overview of corn milling process
PART 05: Market landscape
- Market overview
- Market size and forecast
- Health benefits associated with consumption of corn
- Five forces analysis
- Cornmeal distribution channel
PART 06: Market segmentation by end-user
- Global cornmeal market by end use
- End-user segmentation by volume
- Global cornmeal market in industrial sector
- Global cornmeal market in retail sector
- Global cornmeal market in foodservice sector
PART 07: Market segmentation by product
- Global cornmeal market by product type
- Global brewery grits market
- Global RTE cornmeal market
- Global corn flour market
- Global corn grits market
- Global whole grains market
- Global wheat flour and mixes market
- Global market for other cornmeal products
PART 08: Geographic segmentation
- Global cornmeal market by geography
- Cornmeal market in Americas
- Cornmeal market in APAC
- Cornmeal market in Europe
- Cornmeal market in MEA
PART 09: Key leading countries
- Cornmeal market in US
- Cornmeal market in Brazil
- Corn meal market in Mexico
- Corn meal market in China
PART 10: Market drivers
- Growing popularity of Latin American cuisine
- Growth in baking industry
- Rise in demand for corn-based snack products
- Increase in popularity of craft beer
PART 11: Impact of drivers
PART 12: Market challenges
- Fluctuations in supply of corn
- Growing concerns over consumption of GM corn
- Contamination issues
PART 13: Impact of drivers and challenges
PART 14: Market trends
- Clean labeling on packaging helps in awareness of types of corn
- Increase in strategic alliances
- Transition from traditional cooked-corn method to dry corn flour method
PART 15: Vendor landscape
PART 16: Key vendor analysis
- Archer Daniels Midland
- Bunge
- Cargill
- Gruma
- Tate & Lyle
- Other prominent vendors
PART 17: Appendix
PART 18: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape