Global Cornmeal Market 2017-2021

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?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Baby Puffs and Snacks Market 2017-2021
• Global Baked Savory Snacks Market 2016-2020
• Global Packaged Fruit Snacks Market 2017-2021
• Global Processed Snacks Market 2016-2020