According to a new study by Transparency Market Research, sales of
is expected to exceed
metric tons in
, and record a Y-o-Y growth of ~
The rising demand for bakery products in the food industry is fueling the demand for precooked corn flour.
Rising Awareness about Benefits of Precooked Corn Flour to Drive Market
Increasing number of manufacturers are developing food products that offer unique textures as well as flavor to food preparations. These innovations have expanded the scope of application of these food products in the food & beverages industry. Precooked corn flour manufacturers are functioning at a global scale, and are regularly introducing new products to attract and retain consumers in an intensely competitive landscape.
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Several precooked corn flour manufacturers have launched organic precooked corn flour with high nutritional properties to cater to the rising demand for precooked corn flour for snacks, bakery products, sauces, soups, pasta, pizza, and infant formulas. The integration of precooked corn flour into various food products offers high nutritive benefits, and intensifies the value and demand for food products. Additionally, subsequent reduction in the need for more processing methods has fueled the demand for precooked corn flour in the food service industry.
Precooked Corn Flour to be Most Preferred Gluten-free Alternative
Corn and its products are considered healthy for consumption. A drastic rise in the incidence rate of celiac disease has resulted in a preference for gluten-free options. Precooked corn flour contains nutritive properties and is available in various varieties. It is, therefore increasingly being used in the food processing industry as well as in the food service industry, especially in bakery products. The use of precooked corn flour as a replacement is more prevalent in developed countries, where it is popular as a healthier alternative. Thus, this market in North America, Europe, and East Asia is anticipated to experience high growth.
Resistance towards GMO Crops to Hinder Demand for Precooked Corn Flour
Corn is one of the highest grown GMO crops across the globe. However, increasing resistance towards GMO crops, coupled with regulations imposed by regulatory bodies prohibiting the use or cultivation of GMO crops in certain countries has led to distrust among consumers. This has adversely impacted the growth of the corn industry. Manufacturers of precooked corn flour and other corn products are, therefore specifying that their products are non-GMO certified on the packaging. However, lack of consumer trust in the product is negatively affecting the corns and corn products industry. This is more common in developed countries, where consumers are aware of food ingredients in products that they consume and demand a higher level of transparency from manufacturers.
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Convenience Food and Organic Food Grains Transform Business of Precooked Corn Flour Market
Convenience is an important aspect for target customers, especially the millennial population worldwide. Hence, the trend of ready-to-eat (RTE) products is gaining momentum in the precooked corn flour market space. This trend is further driven by the introduction of the food extrusion technology. Likewise, there is a growing demand for instant soup mixes to cater to the ‘on-the-go’ demand of customers.
Although conventional precooked corn flour accounts for the highest value and volume in the market landscape, the demand for organic food grains is on the rise. The precooked corn flour market is anticipated to experience change with the introduction of gluten-free pasta made from white corn and sorghum. Thus, manufacturers in the precooked corn flour supply chain are gaining approvals and certifications for their products. For instance, Nutracentis - a Bergamo agricultural startup, is a supplier of
Italian organic certified pasta made with archaic Italian cereals.
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