Technavio
Announces the Publication of its Research Report Cornmeal Market in US
2016-2020
Technavio recognizes the following companies as the key players in the cornmeal market in US: Archer Daniels Midland, Associated British Foods, Bob’s Red Mill, Bunge, Cargill, General Mills, J.M. Smucker, LifeLine Foods, Maseca, Raymond-Hadley, and SEMO Milling.
Other prominent vendors in the market are: Agricor, CGB Enterprises, C. H. Guenther & Son, Hodgson Mill, King Arthur Flour, Lakeside Mills, Shawnee Milling Company, Suntava Purple Corn, Tate & Lyle, and Wilkins Rogers Mills.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is continuous product innovation in terms of corn ingredients and product variants. Continuous product development and innovation is essential for the sustainability of any industry. The market in the US has been growing steadily and strongly. Yet, even a promising market like this requires product innovations and dynamism to be able to remain lucrative. Therefore, manufacturers have been launching several new corn-based ingredients varieties in terms of texture as well as their taste profile. For example, in 2015, Cargill, one of the leading manufacturer of corn sweeteners, dry corn ingredients, corn gluten meal, and other value-added products in the global marketplace, launched new instant corn starch C*PulpTex12931, which is useful in improving the texture as well as visual appeal in tomato-based soups, sauces, and condiments.”
Technavio recognizes the following companies as the key players in the cornmeal market in US: Archer Daniels Midland, Associated British Foods, Bob’s Red Mill, Bunge, Cargill, General Mills, J.M. Smucker, LifeLine Foods, Maseca, Raymond-Hadley, and SEMO Milling.
Other prominent vendors in the market are: Agricor, CGB Enterprises, C. H. Guenther & Son, Hodgson Mill, King Arthur Flour, Lakeside Mills, Shawnee Milling Company, Suntava Purple Corn, Tate & Lyle, and Wilkins Rogers Mills.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is continuous product innovation in terms of corn ingredients and product variants. Continuous product development and innovation is essential for the sustainability of any industry. The market in the US has been growing steadily and strongly. Yet, even a promising market like this requires product innovations and dynamism to be able to remain lucrative. Therefore, manufacturers have been launching several new corn-based ingredients varieties in terms of texture as well as their taste profile. For example, in 2015, Cargill, one of the leading manufacturer of corn sweeteners, dry corn ingredients, corn gluten meal, and other value-added products in the global marketplace, launched new instant corn starch C*PulpTex12931, which is useful in improving the texture as well as visual appeal in tomato-based soups, sauces, and condiments.”
According to
the report, one of the primary drivers in the market is rise in demand for
corn-based snack products. Whole cornmeal is generally used for making snacks.
This is attributed to the fact that the high starch content of both cornmeal as
well as corn flour aids significantly in giving a high puff in the preparation
of processed/extruded snack products where corn flavor is required. The growing
demand for corn flour by snacks manufacturers across the US is further fueling
market growth. For instance, Gruma Group, a leading corn flour producer in the
US, reported that it witnessed 8% year-on-year growth in volume sales of corn
flour owing to the increase in demand for corn flour from the US snack
manufacturers.
Further, the report states that one major challenge in the market is fluctuations in corn prices. A major challenge for manufacturers in the US market is the fluctuation in corn prices. Across the US, El Niño conditions in 2015 damaged many crops. Spring and summer rains delayed the planting of corn in the eastern Corn Belt, consisting of Western Ohio, Indiana, and Illinois. There is still uncertainty about the overall impacts of the El Niño on corn crop yields. Therefore, any sudden rise or fall in prices of corn due to abnormal climate, such as damage triggered by El Niño, affects the profit margins of many US corn-based food manufacturers. Such fluctuations and volatility in prices often create problems in production and thereby cause demand and supply gap in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Further, the report states that one major challenge in the market is fluctuations in corn prices. A major challenge for manufacturers in the US market is the fluctuation in corn prices. Across the US, El Niño conditions in 2015 damaged many crops. Spring and summer rains delayed the planting of corn in the eastern Corn Belt, consisting of Western Ohio, Indiana, and Illinois. There is still uncertainty about the overall impacts of the El Niño on corn crop yields. Therefore, any sudden rise or fall in prices of corn due to abnormal climate, such as damage triggered by El Niño, affects the profit margins of many US corn-based food manufacturers. Such fluctuations and volatility in prices often create problems in production and thereby cause demand and supply gap in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Cornmeal
The market demand for cornmeal products is attributed to the growing demand for corn-based snacks including tortilla chips, corn chips, taco shells, and a wide variety of other popular Mexican foods. Snack manufacturers in the US utilize whole cornmeal and corn flour for making snacks as the high starch content of both cornmeal as well as corn flour helps in giving a high puff in the preparation of processed/extruded snack products where corn flavor is required. The American household is now shrinking and cooking at home has decreased compared to previous years, which in turn is resulting in rising consumer preference for snack products. This shift is now leading to the increasing demand for single-portion, portable as well as healthy snack products. Thus, corn-based snacks are expected to see high growth during the forecast period attributed to the myriad health benefits of corn. In addition, the demand for gluten-free snacks is rising in the US owing to the increase in the number of people with gluten sensitivity. In 2015, around 1,080 new snack products were launched in the US with gluten-free claim.
Technavio’s analysts forecast the cornmeal market in US to grow at a CAGR of 1.81% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the cornmeal market in US for 2016-2020. To calculate the market size, the report analyzes the market potential for each product based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenario.
Technavio's report, Cornmeal Market in US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Archer Daniels Midland
• Associated British Foods
• Bob’s Red Mill
• Bunge
• Cargill
• General Mills
• J.M. Smucker
• LifeLine Foods
• Maseca
• Raymond-Hadley
• SEMO Milling
Other prominent vendors
• Agricor
• CGB Enterprises
• C. H. Guenther & Son
• Hodgson Mill
• King Arthur Flour
• Lakeside Mills
• Shawnee Milling Company
• Suntava Purple Corn
• Tate & Lyle
• Wilkins Rogers Mills
Market driver
• Rise in demand for corn-based snack products.
• For a full, detailed list, view our report
Market challenge
• Rising health concerns over genetically modified corn seeds.
• For a full, detailed list, view our report
Market trend
• Continuous product innovation in terms of corn ingredients and product variants.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Table
of content: https://marketreportscenter.com/reports/456021/cornmeal-market-in-the-us-2016-2020#toc
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