Global Corn Powder Market Overview:
Corn powder is also called corn starch, maize starch and corn flour is derived from the corn grain. It is the food ingredient which is used to thicken the sauces or soups. It has various uses such as in adhesives, paper products, anti-sticking agent and textile manufacturing. In addition it has the medical usage such as supply glucose with glycogen storage disease. The corn powder consists of large amount of carbohydrates that is 30 percent and very less quantity of protein. This wide range of application is increasing the demand of corn powder.
As per latest study released by AMA Research, the Global Corn Powder market is expected to see growth rate of 6.4%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Demand of Gluten Free Bakery Products
Market Growth Drivers:
Wide Range of Usage Such as Confectionery, Snack and Various Cuisines and Increasing Demand of Healthy and Nutritious Snacks
Challenges:
Presence of Major Players in the Market
Restraints:
Availability of Alternative Products for Thickening the Soups and Others
Opportunities:
Increasing Consumption of Healthy Soups and Pastas and Growing Usage in Ready to Cook and Ready to Eat Food Products
Competitive Landscape:
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Cargill (United States), General Mills (United States), Archer Daniels Midland (United States), Gruma (Mexico), Bob's Red Mill Natural Foods (United States), Bunge (United States), Grupo Bimbo (Mexico), Associated British Foods (United Kingdom), C.H. Guenther & Son (United States) and Ingredion (United States). Additionally, following companies can also be profiled that are part of our coverage like LifeLine Foods (United States) and SEMO Milling (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Corn Powder market by 2030. Considering Market by Corn type, the sub-segment i.e. Dent corn will boost the Corn Powder market. Considering Market by Packaging, the sub-segment i.e. Bag will boost the Corn Powder market. Considering Market by Distribution channel, the sub-segment i.e. Online will boost the Corn Powder market.
Latest Market Insights:
On October 26, 2023, Ingredion Inc. announced the acquisition of Penford Products Company, a leading producer of specialty starches and corn syrups. This acquisition is expected to strengthen Ingredion's position in the corn ingredients market.
On December 5, 2023, MGP Ingredients, Inc. launched its new line of Masa Harina corn flour products, specifically formulated for making authentic tamales and other traditional dishes.
What Can be Explored with the Corn Powder Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Corn Powder Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Corn Powder
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Corn Powder market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Corn Powder market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Raw material suppliers, Government associations, Research organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.