Corn Flour Market Size was valued at USD 19.2 Billion in 2022. The Corn Flour market industry is projected to grow from USD 20.50 Billion in 2023 to USD 34.70 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.80% during the forecast period (2023 - 2032). The rising demand for gluten-free products and corn flour's versatility and nutritional benefits are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Rising demand for gluten-free products is driving the market growth
Market CAGR for the corn flour market is witnessing a significant trend as the demand for gluten-free products continues to surge. This trend is underpinned by a growing awareness of celiac disease, gluten sensitivity, and a general health-consciousness among consumers. Corn flour, known for its gluten-free properties, has become a preferred choice for individuals adhering to gluten-free diets. Its versatility in baking and cooking applications further contributes to its popularity. As this trend persists, the corn flour market is set to benefit from the ever-expanding consumer base seeking gluten-free alternatives. Thus, such driving factors support the Corn Flour market revenue.
In addition, corn flour is gaining traction in the snack food industry, marking another noteworthy trend in the corn flour market. Snack foods are a staple in many households, and consumers are increasingly seeking healthier and more diverse options. Corn flour is emerging as a key ingredient in the creation of healthier snacks, including tortilla chips, popcorn, and extruded snacks. This trend is a result of corn flour's natural gluten-free properties and its ability to add nutritional value to snack products. With this trend, the corn flour market is likely to see continued expansion, driven by the snack food industry's innovation and consumer demand for more nutritious and diverse snack options.
Moreover, India is one of the top countries in the world when it comes to selling agricultural products to other countries. In the year 2021-22, India did really well by exporting agricultural goods worth $50.2 billion. This is an encouraging sign because India wants to reach a big goal of exporting $100 billion worth of agricultural stuff by 2026-27. To make this happen, India is making quick and important changes in how it does things in agriculture. It's also making agreements with other important countries to help with trade. The Indian government also has a plan to help farmers. They want to make sure that farmers can earn twice as much money by 2024-25. And selling more agricultural products to other countries will be a big part of making that plan work. This shows that agricultural exports are important for India's economy and for the people who grow the food.
The Corn Flour market segmentation, based on type includes native starch, modified starch, and sweeteners. The native starch segment dominated the market, accounting for more than 60.0% of market revenue as it is a key ingredient in various food and beverage products, including soups, sauces, confectionery, and dairy items. As the population grows and consumer preferences evolve the demand for processed and convenience foods continues to increase.
The Corn Flour market segmentation, based on application, includes bakery and confectionary, snack food, and others. The bakery and confectionary category generated over half of the market revenue. The widespread adoption of corn flour is driving the market, as expansion of urban populations and changing lifestyles in emerging markets has led to a greater demand for processed and convenience foods.
Figure 1: Corn Flour Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Corn Flour market segmentation, based on distribution channel includes online retail, supermarkets/hypermarkets, convenience stores, and others. The supermarkets/hypermarkets segment dominated the market, accounting for nearly one fourth of market revenue. Corn flour is being used to produce snacks such as tortilla chips, popcorn, and extruded snacks, as people consider buying these things by supermarkets/hypermarkets which drives the segment growth in the past several years.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Corn Flour market anticipated to dominate the market with 45.80% market share, due to the presence of many big market players. In addition, there is a strong focus on health and wellness. The demand for gluten-free and non-GMO products is driving the use of corn flour as a healthier alternative.
Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: CORN FLOUR MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Corn Flour market accounts for the second-largest market share due to the increased awareness of celiac disease and gluten sensitivity. Corn flour's gluten-free properties make it an attractive choice in this region. Further, the Germany Corn Flour market held the largest market share, and the UK Corn Flour market was the fastest growing market in the European region.
The Asia-Pacific Corn Flour market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the large and rapidly growing population in Asia Pacific fuels the demand for staple foods, and corn is a significant part of the diet in some countries which expected to drive the demand for corn flour products. Moreover, China’s Corn Flour market held the largest market share, and the Indian Corn Flour market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in advanced technologies in order to expand their solutions and services, which will help the corn flour market grow even more. Market players are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other manufacturers. To expand and survive in a more competitive and rising market climate, Corn Flour industry must offer cost-effective products.
Developing new flavour and products locally to minimize operational costs is one of the key business tactics used by key manufacturers in the Corn Flour industry to benefit customer and increase the market sector. In recent years, the Corn Flour industry has offered some of the most significant health benefits to consumers. Major players in the Corn Flour market, including Shaff Farms, Grain Millers, Ingredion Incorporated, Tate and Lyle Plc, Cargill Incorporated, AGRANA – Beteiligungs AG, Archer-Daniels Midland Company, Bio-chem Technology Group Company Limited, Tereos Syral S.A.S, Associated British Foods plc, Roquette Frères S.A., Kent Corporation (Grain Processing Corporation), and others, are attempting to increase market demand by investing in research and development operations.
Shaff Farms is a well-established and family-owned agricultural business that has been a cornerstone of its community since its inception in 1972. Operating with a deep commitment to sustainable farming practices, Shaff Farms specializes in the cultivation of a variety of crops, including grains, fruits, and vegetables. With a focus on quality, environmentally friendly techniques, and modern agricultural technology, Shaff Farms consistently delivers high-quality produce to local and regional markets. The company's dedication to responsible farming and community involvement has made it a respected name in the agricultural industry, contributing to the economic and ecological well-being of the region.
Grain Millers is a leading company in the food industry, recognized for its expertise in milling a wide range of grains, including oats, wheat, barley, and more. Founded in 1975, the company has built a strong reputation for producing premium grain-based ingredients used in various food products. Grain Millers is known for its commitment to sustainability and responsible sourcing, ensuring the highest quality grains while protecting the environment. With a customer-centric approach, the company collaborates with food manufacturers to create wholesome and nutritious products for consumers. Grain Millers' dedication to quality, sustainability, and innovation has made it a preferred partner for the food industry, contributing to healthier food options for people worldwide.
January 2023: Arva Flour Mills, the oldest continuously running commercial flour mill in North America, is excited to share that they have acquired the Full of Beans Gluten Free Brand. "The Mill" intends to introduce the Gluten Free product line, now part of the Arva Flour Mills brand, both in their retail store and on their online platform in June.
May 2023: Reliance Consumer Products Ltd (RCPL), which operates as the fast-moving consumer goods (FMCG) division and is a wholly-owned subsidiary of Reliance Retail Ventures Ltd (RRVL), made a significant announcement. RCPL revealed its foray into the western snacking segment by introducing General Mills' popular brand, Alan's Bugles chips, to the Indian market. This strategic move is poised to create competition with major players such as PepsiCo and ITC in the Indian snacking industry.
Corn Flour Type
Corn Flour Application
Corn Flour Distribution Channel
Corn Flour Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 19.2 Billion |
| Market Size 2023 | USD 20.50 Billion |
| Market Size 2032 | USD 34.70 Billion |
| Compound Annual Growth Rate (CAGR) | 6.80% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |  Shaff Farms, Grain Millers, Ingredion Incorporated, Tate and Lyle Plc, Cargill Incorporated, AGRANA – Beteiligungs AG, Archer-Daniels Midland Company,  Bio-chem Technology Group Company Limited, Tereos Syral S.A.S, Associated British Foods plc, Roquette Frères S.A., Kent Corporation (Grain Processing Corporation), and others |
| Key Market Opportunities | · Rising Demand for Gluten-Free Products Driving Growth in the  Corn Flour Market |
| Key Market Dynamics | ·Corn Flour's Versatility and Nutritional Benefits Fueling Market Expansion Worldwide |
Frequently Asked Questions (FAQ) :
The Corn Flour market size was valued at USD 19.20 Billion in 2022.
The market is projected to grow at a CAGR of 6.80% during the forecast period, 2023-2032.
North America had the largest share in the market.
The key players in the market are Shaff Farms, Grain Millers, Ingredion Incorporated, Tate and Lyle Plc, Cargill Incorporated, AGRANA – Beteiligungs AG, Archer-Daniels Midland Company, Bio-chem Technology Group Company Limited, Tereos Syral S.A.S, Associated British Foods plc, Roquette Frères S.A., Kent Corporation (Grain Processing Corporation), and others.
The native starch category dominated the market in 2022.
The bakery and confectionery had the largest share in the market.
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