The scope of our recent study on the "Precooked Corn Flour Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type (Yellow Corn Flour, White Corn Flour, and Others) and Application (Bakery and Confectionery, Soup, Sauces and Dressings, RTE Meals and Foods, Extruded Snacks, and Others)" includes factors fueling the market growth, revenue estimations and forecast, and precooked corn flour market share analysis along with identification of key market players and their developments

Market Overview

The precooked corn flour market was valued at US$ 2,918.78 million in 2021 and is projected to reach US$ 3,953.67 million by 2028; it is expected to grow at a CAGR of 4.4% from 2021 to 2028. The precooked corn flour is made with dried field corn treated in a solution of lime and water, also called slaked lime. The slaked lime infuses precooked corn flour with niacin and calcium, which makes it easier for the body to digest and provides a distinctive flavor to the flour.

Market Segmentation 

The precooked corn flour market is divided into different product types, including yellow corn flour, white corn flour, and others. Among these segments, the yellow corn flour category held the largest market share in 2020. The reason for this is due to the high demand for yellow corn flour in various applications such as bakery and confectionery, extruded snacks, soups, sauces and dressings, and ready-to-eat meals and foods. Yellow corn flour is also used as a thickening agent in various food products. Additionally, it has a longer shelf life and is more economical compared to other variants of precooked corn flour, which makes it more accessible and affordable to a wider consumer base. These factors contribute to the larger market share of the yellow corn flour segment in the precooked corn flour market.  

The precooked corn flour market is divided into five primary regions, namely North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South and Central America (SAM). In the Asia Pacific region, the market is being propelled by the growing trend of packaged food and the increased consumption of healthy snacks. According to a survey conducted by Ipsos India, 78% of the participants stated that healthy snacking is crucial in overcoming lifestyle diseases, resulting in an increasing demand for precooked corn flour for making healthy ready-to-eat meals and extruded snacks.

Impact of COVID-19

The COVID-19 pandemic had a significant impact on the precooked corn flour market. Initially, the market experienced a decline in sales due to the closure of restaurants, cafes, and other foodservice outlets as a result of the lockdowns imposed by various governments. The shutdown of factories and other operational difficulties due to the outbreak also contributed to the decrease in sales during the initial months of the pandemic. The shortage of raw materials and laborers also posed a challenge for the industry. Additionally, the stock priorities of supermarkets and other retailers shifted toward essential supplies such as rice, flour, and pasta, while bakery products and confectionery items were pushed back. However, as the pandemic situation gradually improved, there was a rise in demand for healthy food products, including ready-to-eat meals and snacks. Stress-related snacking increased, leading to a surge in demand for healthy snacks, which is expected to positively impact the precooked corn flour market in the coming years. With the resumption of business activities across the world, economies are now recovering, and the demand for precooked corn flour is expected to increase globally.  

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